PREF vs NHYB
Comparison between PRINCIPAL SPECTRUM PREFERRED SECURITIES ACTIVE ETF (PREF, ETF) and Nuveen High Yield Corporate Bond ETF (NHYB, ETF).
PREF vs NHYB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PREF
$1.70B
NHYB
$1.70B
Expense Ratio
PREF
0.55%
Winner
NHYB
0.08%
Max Drawdown
PREF
23.28%
Winner
NHYB
3.23%
Sharpe Ratio
Winner
PREF
0.72
NHYB
0.18
5Y Beta
Winner
PREF
0.08
NHYB
0.20
5Y Dividends CAGR
PREF
2.28%
NHYB
N/A
PREF vs NHYB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PREF
+0.66%
NHYB
+0.52%
3M
PREF
+2.15%
Winner
NHYB
+2.37%
6M
Winner
PREF
+2.24%
NHYB
+1.99%
1Y
PREF
+6.11%
NHYB
N/A
5Y(CAGR)
PREF
+3.08%
NHYB
N/A
10Y(CAGR)
PREF
+11.25%
NHYB
N/A
Max(CAGR)
Winner
PREF
+11.25%
NHYB
+4.37%
PREF vs NHYB - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | PREF | NHYB |
|---|---|---|
| 2026 | +1.79% | +1.79% |
| 2025 | +7.58% | +1.30% |
| 2024 | +11.55% | N/A |
| 2023 | +6.79% | N/A |
| 2022 | -11.84% | N/A |
| 2021 | +2.13% | N/A |
| 2020 | +18.33% | N/A |
| 2019 | +42.50% | N/A |
| 2018 | +16.39% | N/A |
| 2017 | +11.91% | N/A |
PREF vs NHYB Drawdown Comparison
The maximum drawdown for PREF was -21.88%, occurring on Mar 19, 2020. Recovery took 61 trading sessions.
The maximum drawdown for NHYB was -2.40%, occurring on Mar 27, 2026. Recovery took 35 trading sessions.
The current PREF drawdown is -0.08%. The current NHYB drawdown is -0.20%.
| Rank | PREF | NHYB |
|---|---|---|
| #1 | -21.88% Mar 4, 2020 - Jun 1, 2020 | -2.40% Feb 20, 2026 - Apr 13, 2026 |
| #2 | -16.99% Sep 16, 2021 - Jul 12, 2024 | -1.18% Oct 1, 2025 - Oct 24, 2025 |
| #3 | -2.88% Feb 24, 2026 - May 27, 2026 | -0.94% Oct 27, 2025 - Nov 25, 2025 |
| #4 | -2.56% Mar 20, 2025 - May 12, 2025 | -0.89% Apr 17, 2026 - May 26, 2026 |
| #5 | -2.25% Feb 21, 2020 - Mar 4, 2020 | -0.51% Jun 2, 2026 - Jun 15, 2026 |
| #6 | -1.98% Feb 11, 2021 - Apr 21, 2021 | -0.36% Dec 3, 2025 - Dec 23, 2025 |
| #7 | -1.86% Jun 8, 2020 - Jul 1, 2020 | -0.34% Jun 15, 2026 - Jun 17, 2026 |
| #8 | -1.77% Dec 3, 2018 - Dec 27, 2018 | -0.24% Sep 24, 2025 - Sep 29, 2025 |
| #9 | -1.58% Nov 9, 2018 - Dec 3, 2018 | -0.20% Jan 16, 2026 - Jan 22, 2026 |
| #10 | -1.50% Dec 5, 2017 - Dec 22, 2017 | -0.18% Jan 26, 2026 - Feb 2, 2026 |
| #11 | -1.26% Mar 8, 2018 - Apr 2, 2018 | -0.18% Feb 2, 2026 - Feb 6, 2026 |
| #12 | -1.25% Feb 1, 2018 - Mar 1, 2018 | -0.13% Nov 26, 2025 - Dec 3, 2025 |
| #13 | -1.22% Oct 1, 2018 - Nov 1, 2018 | -0.08% Dec 24, 2025 - Jan 2, 2026 |
| #14 | -1.18% Sep 17, 2020 - Nov 5, 2020 | -0.07% Jan 7, 2026 - Jan 9, 2026 |
| #15 | -1.17% May 1, 2018 - Jun 1, 2018 | -0.06% Feb 10, 2026 - Feb 13, 2026 |
Correlation
Correlation between PREF and NHYB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2017 - 2026)
PREF vs NHYB dividend yield comparison.
| Year | PREF | NHYB |
|---|---|---|
| 2026 | 2.19% | 2.95% |
| 2025 | 4.87% | 1.28% |
| 2024 | 4.65% | 0.00% |
| 2023 | 4.67% | 0.00% |
| 2022 | 4.63% | 0.00% |
| 2021 | 4.07% | 0.00% |
| 2020 | 13.51% | 0.00% |
| 2019 | 23.37% | 0.00% |
| 2018 | 27.44% | 0.00% |
| 2017 | 11.74% | 0.00% |
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