NCLO vs BKHY
Comparison between NUVEEN AA-BBB CLO ETF (NCLO, ETF) and BNY MELLON HIGH YIELD ETF (BKHY, ETF).
NCLO vs BKHY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NCLO
$148M
BKHY
$148M
Expense Ratio
NCLO
0.26%
Winner
BKHY
0.22%
Max Drawdown
Winner
NCLO
3.71%
BKHY
22.43%
Sharpe Ratio
NCLO
0.58
Winner
BKHY
0.81
5Y Beta
Winner
NCLO
0.05
BKHY
0.23
5Y Dividends CAGR
NCLO
N/A
BKHY
0.31%
NCLO vs BKHY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NCLO
+0.91%
BKHY
+0.15%
3M
Winner
NCLO
+3.93%
BKHY
+1.11%
6M
Winner
NCLO
+2.47%
BKHY
+1.71%
1Y
NCLO
+5.79%
Winner
BKHY
+6.98%
5Y(CAGR)
NCLO
N/A
BKHY
+4.10%
Max(CAGR)
NCLO
+5.78%
Winner
BKHY
+6.54%
NCLO vs BKHY - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | NCLO | BKHY |
|---|---|---|
| 2026 | +2.08% | +1.38% |
| 2025 | +6.24% | +8.27% |
| 2024 | +0.35% | +8.85% |
| 2023 | N/A | +12.42% |
| 2022 | N/A | -10.93% |
| 2021 | N/A | +5.02% |
| 2020 | N/A | +17.82% |
NCLO vs BKHY Drawdown Comparison
The maximum drawdown for NCLO was -3.05%, occurring on Mar 4, 2026. Recovery took 42 trading sessions.
The maximum drawdown for BKHY was -15.89%, occurring on Sep 27, 2022. Recovery took 503 trading sessions.
The current NCLO drawdown is -0.41%. The current BKHY drawdown is -0.55%.
| Rank | NCLO | BKHY |
|---|---|---|
| #1 | -3.05% Feb 3, 2026 - Apr 6, 2026 | -15.89% Dec 27, 2021 - Dec 27, 2023 |
| #2 | -1.43% Mar 31, 2025 - Apr 24, 2025 | -4.87% Feb 28, 2025 - May 12, 2025 |
| #3 | -0.64% Apr 25, 2025 - May 2, 2025 | -3.59% Jun 8, 2020 - Jul 20, 2020 |
| #4 | -0.56% May 19, 2025 - Jun 6, 2025 | -2.53% Feb 20, 2026 - Apr 14, 2026 |
| #5 | -0.52% May 28, 2026 - May 29, 2026 | -2.50% Sep 2, 2020 - Oct 9, 2020 |
| #6 | -0.48% May 1, 2026 - May 6, 2026 | -2.21% Nov 9, 2021 - Dec 23, 2021 |
| #7 | -0.47% May 2, 2025 - May 8, 2025 | -2.08% Mar 20, 2024 - May 6, 2024 |
| #8 | -0.37% Apr 6, 2026 - Apr 22, 2026 | -1.86% Feb 12, 2021 - Apr 7, 2021 |
| #9 | -0.36% Jun 6, 2025 - Jun 24, 2025 | -1.85% Oct 12, 2020 - Nov 4, 2020 |
| #10 | -0.35% Mar 7, 2025 - Mar 31, 2025 | -1.75% Dec 6, 2024 - Jan 23, 2025 |
| #11 | -0.28% Oct 8, 2025 - Oct 13, 2025 | -1.48% Sep 15, 2021 - Nov 9, 2021 |
| #12 | -0.26% Oct 13, 2025 - Oct 20, 2025 | -1.41% Dec 27, 2023 - Jan 29, 2024 |
| #13 | -0.25% Oct 20, 2025 - Oct 30, 2025 | -1.31% Apr 30, 2020 - May 18, 2020 |
| #14 | -0.25% May 8, 2025 - May 12, 2025 | -1.20% Aug 6, 2020 - Aug 26, 2020 |
| #15 | -0.24% Dec 11, 2025 - Dec 18, 2025 | -1.14% Feb 1, 2024 - Mar 1, 2024 |
Correlation
Correlation between NCLO and BKHY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2020 - 2026)
NCLO vs BKHY dividend yield comparison.
| Year | NCLO | BKHY |
|---|---|---|
| 2026 | 2.18% | 3.10% |
| 2025 | 6.09% | 7.33% |
| 2024 | 0.35% | 7.34% |
| 2023 | 0.00% | 8.67% |
| 2022 | 0.00% | 6.59% |
| 2021 | 0.00% | 6.78% |
| 2020 | 0.00% | 4.65% |
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