NBTRvsHYDETF Comparison
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Neuberger Berman Total Return Bond ETF (NBTR) belongs to the US Aggregate Bonds segment. VanEck High Yield Muni ETF (HYD) is part of the Municipal Bonds segment. NBTR's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, HYD's top sector exposures are Municipal. NBTR is more expensive with a Total Expense Ratio (TER) of 0.94%, versus 0.32% for HYD. NBTR is down -1.71% year-to-date (YTD) with +$6M in YTD flows. HYD performs better with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of NBTR and HYD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NBTR vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBTR HYD | -0.50%-0.86% | -2.08%-3.95% | -1.71%-1.57% | -1.62%-0.91% | n/a+13.01% | n/a-4.06% |
| Flows | NBTR HYD | +$2M+$368M | +$5M+$62M | +$6M+$535M | +$9M+$981M | -+$1.81B | -+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBTR HYD | +4.00%+5.81% | +3.48%+3.64% | n/a+4.51% | n/a+4.67% |
| Max drawdown | NBTR HYD | -3.27%-6.17% | -4.41%-6.77% | n/a-6.77% | n/a-19.44% |
| Max drawdown duration | NBTR HYD | 52d92d | 229d102d | n/a102d | n/a1747d |
Trading data
NBTR | HYD | |
Last sale 10/16/2026 at 1:30 PM | $48.03 | $48.74 |
| Previous close 10/15/2026 | $48.07 | $48.82 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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NBTR
is actively managed and doesn’t replicate an indexNBTR | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
NBTR | HYD | |
|---|---|---|
| Last price | $48.03 | $48.74 |
| 1D performance | -0.09% | -0.16% |
| AuM | $57.55 M | $4.35 B |
| E/R | 0.94% | 0.32% |
Characteristics
NBTR | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 278 | 714 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 17, 2024 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
NBTR
USA
57.91%
Other
42.09%
HYD
USA
60.08%
Other
39.92%
Sectors
NBTR
Sovereign
23.09%
Industrials
12.22%
Finance
9.69%
Other
55.01%
HYD
Municipal
60.08%
Other
39.92%
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Diversification
NBTR
Total weight of top 15 holdings out of 15
20.04%
HYD
Total weight of top 15 holdings out of 15
8.65%
Top 15 holdings
Data as of August 31, 2026
NBTR
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.73%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.99%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.91%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.77%
USA, Notes 3.625% 31dec2030, USD (AH-2030)
1.68%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.50%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.16%
USA, Bonds 5% 15may2056, USD
1.12%
USA, Notes 4.625% 15feb2035, USD (B-2035)
1.02%
USA, Notes 2.875% 15may2028, USD (C-2028)
0.95%
US13877LAS51
0.91%
Aimco CLO 2017-AA, FRN 20jan2038, USD (ABS, AR2)
0.91%
USA, Bonds 4% 15nov2052, USD
0.83%
US3132DWJR51
0.81%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.78%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about NBTR and HYD
How have the NBTR and HYD ETFs performed in 2026?
As of October 16, 2026, NBTR is down -1.71% year-to-date (YTD), while HYD has lost -1.57%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: NBTR or HYD?
Year-to-date, the NBTR ETF saw +$6M in flows, compared to +$535M for HYD.
Which ETF is more volatile: NBTR or HYD?
Over the past year, NBTR had a volatility of 3.48%, while HYD experienced 3.64%.
Which ETF is bigger: NBTR or HYD?
As of October 16, 2026, NBTR holds $57.55 M in assets under management (AUM), while HYD manages $4.35 B.
What sectors do the NBTR and HYD ETFs invest in?
NBTR leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the NBTR ETF and HYD ETF?
NBTR top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.375% 15may2036, USD (C-2036) and USA, Notes 4.125% 31jul2028, USD (AB-2028). HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: NBTR or HYD?
NBTR holds 444 securities with 20.04% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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