NBI Unconstrained Fixed Income ETF (NUBF.TO)

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The chart shows the growth of an initial investment of CA$10,000 in NBI Unconstrained Fixed Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

NBI Unconstrained Fixed Income ETF (NUBF.TO) has returned -1.28% so far this year and 4.26% over the past 12 months.

Based on dividend-adjusted daily data since Oct 23, 2019, NUBF.TO's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, your investment would double in approximately 34.0 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +3.7%, while the worst month was Mar 2020 at -7.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, NUBF.TO closed higher 37% of trading days. The best single day was Mar 12, 2020 with a return of +16.0%, while the worst single day was Mar 11, 2020 at -15.8%.

NBI Unconstrained Fixed Income ETF has an annualized alpha of 2.01%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 24, 2019.

• This ETF participated in 29.54% of S&P 500 Index downside but only 17.16% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.01 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NUBF.TO has an expense ratio of 0.78%, placing it in the medium range.

NUBF.TO ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for NBI Unconstrained Fixed Income ETF (NUBF.TO) and compare them to a chosen benchmark (S&P 500 Index).

NBI Unconstrained Fixed Income ETF provided a 4.56% dividend yield over the last twelve months, with an annual payout of CA$0.95 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for NBI Unconstrained Fixed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the NBI Unconstrained Fixed Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the NBI Unconstrained Fixed Income ETF was 16.37%, occurring on Mar 11, 2020. Recovery took 106 trading sessions.

The current NBI Unconstrained Fixed Income ETF drawdown is 3.32%.

The chart below shows the rolling one-month volatility.