- Issuer
- Nuveen
- Inception Date
- Mar 5, 2024
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $156M
Share Price Chart
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Performance
NUSB Performance Chart
Nuveen Ultra Short Income ETF (NUSB) is up 1.7% since the beginning of the year. NUSB is currently trading at $25 per share.
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Returns By Period
Nuveen Ultra Short Income ETF (NUSB) has returned 1.69% so far this year and 4.24% over the past 12 months.
Nuveen Ultra Short Income ETF
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.69%
- 6M
- 1.77%
- 1Y
- 4.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NUSB Monthly Returns History
Based on dividend-adjusted daily data since Mar 6, 2024, NUSB's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 100% of months were positive and 0% were negative. The best month was Jul 2024 with a return of +0.6%, while the worst month was Mar 2026 at 0.2%. The longest winning streak lasted 28 consecutive months, and the longest losing streak was 0 months.
On a daily basis, NUSB closed higher 59% of trading days. The best single day was Jun 30, 2025 with a return of +0.1%, while the worst single day was Jul 1, 2025 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.36% | 0.32% | 0.15% | 0.33% | 0.33% | 0.18% | 1.69% | ||||||
| 2025 | 0.40% | 0.37% | 0.39% | 0.32% | 0.39% | 0.51% | 0.26% | 0.47% | 0.42% | 0.35% | 0.36% | 0.38% | 4.71% |
| 2024 | 0.28% | 0.38% | 0.53% | 0.36% | 0.60% | 0.55% | 0.57% | 0.23% | 0.44% | 0.45% | 4.48% |
Benchmark Metrics
Nuveen Ultra Short Income ETF has an annualized alpha of 4.74%, beta of 0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 06, 2024.
- This ETF captured 10.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.72%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.01 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 0.01 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.
- Alpha
- 4.74%
- Beta
- 0.00
- R²
- 0.01
- Upside Capture
- 10.00%
- Downside Capture
- -15.72%
Expense Ratio
NUSB has an expense ratio of 0.17%, which is considered low.
Return for Risk
Risk / Return Rank
NUSB ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nuveen Ultra Short Income ETF (NUSB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NUSB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.49 | ||
| Sortino ratioReturn per unit of downside risk | +27.80 | ||
| Omega ratioGain probability vs. loss probability | 8.46 | 1.37 | +7.09 |
| Calmar ratioReturn relative to maximum drawdown | 71.59 | 2.78 | +68.80 |
| Martin ratioReturn relative to average drawdown | 380.34 | 12.44 | +367.90 |
Dividends
Dividend History
Nuveen Ultra Short Income ETF provided a 4.29% dividend yield over the last twelve months, with an annual payout of $1.08 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.08 | $1.14 | $0.91 |
Dividend yield | 4.29% | 4.51% | 3.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Ultra Short Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.41 | ||||||
| 2025 | $0.00 | $0.09 | $0.09 | $0.10 | $0.09 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.09 | $0.20 | $1.14 |
| 2024 | $0.07 | $0.10 | $0.11 | $0.10 | $0.07 | $0.08 | $0.06 | $0.10 | $0.21 | $0.91 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Ultra Short 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 Nuveen Ultra Short Income ETF was 0.16%, occurring on Apr 10, 2025. Recovery took 5 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -0.16%Apr 2025 | 3d | 7d | 10dApr 2025 - Apr 2025 |
2026 pullback2026 | -0.06%Mar 2026 | 1d | 5d | 6dMar 2026 - Mar 2026 |
2025 pullback2025 | -0.06%Jul 2025 | 0s | 2d | 2dJul 2025 - Jul 2025 |
2024 pullback2024 | -0.04%Mar 2024 | 0s | 2d | 2dMar 2024 - Mar 2024 |
2024 pullback2024 | -0.04%Apr 2024 | 0s | 1d | 1dApr 2024 - Apr 2024 |
Drawdown Indicators
| NUSB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -56.78% | +56.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -9.10% | +9.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -10.71% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.03% | -2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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