HYDB vs NJNK: Grades, Fees and Holdings Compared

iShares High Yield Systematic Bond ETF

HYDBACboe

Columbia U.S. High Yield ETF

NJNKCNYSE Arca

Overlap

No data

Expense ratio

HYDB −0.11pt a year

HYDB0.35%NJNK0.46%

Avg volume · 30D

HYDB 47.7×the volume

HYDB175KNJNK3.67K

HYDB vs NJNK Performance

Oct 31, 2025 – Oct 30, 2026

+1.1%HYDB+2.0%NJNK

Expense ratio: HYDB 0.35%, better; NJNK 0.46%
Fund size: HYDB $1.53B; NJNK $40M
1Y total return: HYDB +1.1%; NJNK +2.0%, better
Yield (12M): HYDB 7.16%, better; NJNK 6.30%
Holdings: HYDB 253; NJNK 466
Avg volume (30D): HYDB 175K sh, better; NJNK 3.67K sh
NAV per share: HYDB $44.72; NJNK $19.40
52W range

ETF.net Grade

Pillar letters and Scores for HYDB, NJNK, with each pillar’s weight
Pillar	HYDB	NJNK
Cost30% weight	A93Higher	C50
Mission25% weight	A95Higher	A82
Risk15% weight	C42	C49Higher
Tradability15% weight	A85Higher	F5
Holdings10% weight	B66	B66
Durability5% weight	A84Higher	D28

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. HYDB and NJNK are both graded against the same 13 International High Yield Bond funds, so their Grades compare head to head.

International High Yield Bond⁠

Category · 13 funds

See all 13 ›

HYDB ranks 1st and NJNK 8th of 13 funds in the International High Yield Bond Category.

Rank 1AHYDBiShares High Yield Systematic Bond ETFScore 81
Rank 2ASYFIAB Short Duration High Yield ETFScore 73
Rank 8CFHYSFederated Hermes Short Duration High Yield ETFScore 51
Rank 8CNJNKColumbia U.S. High Yield ETFScore 51
Rank 10CVEMYVirtus Stone Harbor Emerging Markets High Yield Bond ETFScore 43

Our read on each fund

ETF.net Research

HYDBAiShares High Yield Systematic Bond ETF

NJNKCColumbia U.S. High Yield ETF

In short

HYDB No data

NJNK Columbia's 2024 arrival in junk bonds: at least 80% in high yield debt from U.S. companies, with room to own unrated paper the manager judges just as good. Income lands monthly. The trade-off is a price tag above the index-tracking heavyweights.

Stated mandate

HYDB No data

NJNK The Fund seeks a high level of current income.

Why people hold it

HYDB No data

NJNK The mandate is specific: at least 80% of net assets in high yield debt issued by U.S. companies, with a stated goal of a high level of current income.
Pays monthly, the cadence most bond-fund owners actually want.
Room to move: the manager can also hold unrated bonds judged comparable in quality to rated high yield, a flexibility written into the prospectus.
What's inside matches what's on the label. The portfolio sits squarely in U.S. high yield corporate credit with no style drift.

Worth knowing

HYDB No data

NJNK At 0.46%, it costs more than the typical high yield ETF and multiples of the index-tracking leaders: SCYB at 0.03%, SPHY at 0.05%.
It started trading in September 2024 and is still a small, lightly traded fund, so spreads can run wider than at the category's giants.
High yield means below investment grade. These are borrowers that default more often when credit conditions sour, and prices move with that risk.

Full HYDB profile⁠

Full NJNK profile⁠

HYDB vs NJNK Holdings

How HYDB and NJNK differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile90.5%
Asset classFixed Income100%

Sector

No Sector split for NJNK.

Country, concentration and asset class

Country by domicile

Country weights in HYDB and NJNK, widest gap first
Country	More in HYDBMore in NJNK	HYDB	NJNK
United States	NJNK +8.4 points	86.9%	95.3%
United Kingdom	HYDB +2.9 points	3.3%	0.3%
Japan	HYDB +2.1 points	2.1%	0.0%
Australia	HYDB +1.3 points	1.4%	0.1%
Canada	HYDB +1.0 points	3.6%	2.6%
Spain	HYDB +0.8 points	0.8%	0.0%
Other countries (10)	HYDB +0.3 points	1.9%	1.6%

Concentration

Weight in the 10 largest Holdings

HYDB7.5%
NJNK7.7%

Securities held

HYDB249
NJNK333

Asset class

HYDB: Fixed Income
NJNK: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. HYDB holds 249 securities, NJNK 333.

All 256 HYDB holdings⁠All NJNK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HYDB vs NJNK Cost

Overpaying NJNK vs HYDB

$2,104

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

HYDB 0.35%
$7,126
NJNK 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

HYDB 0.35%
NJNK 0.46%
Overpaying

Year by year

Year	HYDB	NJNK	Overpaying
10	$634	$830	$196
20	$2,454	$3,195	$741
30	$7,126	$9,230	$2,104

Expense ratio

0.35%HYDB, cheaper
0.46%NJNK

HYDB0.35%NJNK0.46%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

HYDB cheapest of 13 funds

NJNK 7th cheapest of 13 funds

HYDB vs NJNK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HYDB 7.16%, better; NJNK 6.30%
Payout (12M): HYDB $3.21; NJNK $1.23
Last payment: HYDB $0.27; NJNK $0.10
Ex-dividend: HYDB Oct 1, 2026; NJNK Oct 1, 2026
Paid on: HYDB Oct 6, 2026; NJNK Oct 5, 2026
Frequency: HYDB Monthly; NJNK Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

HYDBMonthly · 45 paymentsAll HYDB payments⁠

NJNKMonthly · 25 paymentsAll NJNK payments⁠

HYDB vs NJNK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: HYDB 4.9%NJNK 3.8%since Oct 2024
Return per unit of riskSharpe ratio, 3 years: HYDB 0.77NJNK 0.08since Oct 2024
Worst fallMax drawdown, 5 years: HYDB −14.3%NJNK −4.5%since Sep 2024
Market sensitivityBeta, 5 years: HYDB 0.65NJNK 0.21; Market = 1

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