ABLD vs. NUMV

Last updated Jun 4, 2026

ABLD (Abacus FCF Real Assets Leaders ETF) and NUMV (Nuveen ESG Mid-Cap Value ETF) are both Mid Cap Value Equities funds - ABLD tracks the FCF Yield Enhanced Real Asset Index while NUMV tracks the TIAA ESG USA Mid-Cap Value Index. Both are passively managed. Over the past 3 years, ABLD returned 12.75%/yr vs 16.96%/yr for NUMV. Their correlation of 0.81 suggests significant overlap in exposure. ABLD charges 0.39%/yr vs 0.31%/yr for NUMV.

Performance

ABLD vs. NUMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus FCF Real Assets Leaders ETF (ABLD) and Nuveen ESG Mid-Cap Value ETF (NUMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABLD achieves a 8.60% return, which is significantly lower than NUMV's 9.74% return.

ABLD

• 1D: -0.14%
• 1M: -2.02%
• YTD: 8.60%
• 6M: 8.04%
• 1Y: 15.09%
• 3Y*: 12.75%
• 5Y*: —
• 10Y*: —

NUMV

• 1D: -0.42%
• 1M: 4.09%
• YTD: 9.74%
• 6M: 11.20%
• 1Y: 23.74%
• 3Y*: 16.96%
• 5Y*: 6.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABLD vs. NUMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ABLD Abacus FCF Real Assets Leaders ETF	8.60%	6.64%	7.05%	18.89%	7.42%	3.86%
NUMV Nuveen ESG Mid-Cap Value ETF	9.74%	14.05%	12.31%	8.43%	-14.97%	3.29%

Correlation

The correlation between ABLD and NUMV is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.81

The correlation between ABLD and NUMV has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

Return for Risk

ABLD vs. NUMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABLD

ABLD Risk / Return Rank: 29
ABLD Sharpe Ratio Rank: 29
ABLD Sortino Ratio Rank: 27
ABLD Omega Ratio Rank: 29
ABLD Calmar Ratio Rank: 28
ABLD Martin Ratio Rank: 31

NUMV

NUMV Risk / Return Rank: 56
NUMV Sharpe Ratio Rank: 56
NUMV Sortino Ratio Rank: 59
NUMV Omega Ratio Rank: 53
NUMV Calmar Ratio Rank: 55
NUMV Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABLD vs. NUMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Real Assets Leaders ETF (ABLD) and Nuveen ESG Mid-Cap Value ETF (NUMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ABLD	NUMV	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.92	-0.88
Sortino ratio: Return per unit of downside risk	1.47	2.79	-1.32
Omega ratio: Gain probability vs. loss probability	1.19	1.33	-0.14
Calmar ratio: Return relative to maximum drawdown	1.30	2.74	-1.44
Martin ratio: Return relative to average drawdown	4.50	10.37	-5.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABLD vs. NUMV - Sharpe Ratio Comparison

The current ABLD Sharpe Ratio is 1.03, which is lower than the NUMV Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of ABLD and NUMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABLD	NUMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.92	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.45	+0.23

Drawdowns

ABLD vs. NUMV - Drawdown Comparison

The maximum ABLD drawdown since its inception was -19.35%, smaller than the maximum NUMV drawdown of -43.46%. Use the drawdown chart below to compare losses from any high point for ABLD and NUMV.

Drawdown Indicators

	ABLD	NUMV	Difference
Max Drawdown Largest peak-to-trough decline	-19.35%	-43.46%	+24.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.64%	-8.71%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-19.53%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.71%	—
Current Drawdown Current decline from peak	-7.31%	-0.42%	-6.89%
Average Drawdown Average peak-to-trough decline	-3.96%	-6.89%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.29%	+1.07%

Volatility

ABLD vs. NUMV - Volatility Comparison

Abacus FCF Real Assets Leaders ETF (ABLD) has a higher volatility of 4.52% compared to Nuveen ESG Mid-Cap Value ETF (NUMV) at 2.97%. This indicates that ABLD's price experiences larger fluctuations and is considered to be riskier than NUMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABLD	NUMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	2.97%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	9.14%	+3.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.70%	12.49%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	17.39%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	19.77%	-2.25%

ABLD vs. NUMV - Expense Ratio Comparison

ABLD has a 0.39% expense ratio, which is higher than NUMV's 0.31% expense ratio.

Dividends

ABLD vs. NUMV - Dividend Comparison

ABLD's dividend yield for the trailing twelve months is around 4.20%, more than NUMV's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABLD Abacus FCF Real Assets Leaders ETF	4.20%	2.86%	10.13%	4.70%	8.40%	0.08%	0.00%	0.00%	0.00%	0.00%
NUMV Nuveen ESG Mid-Cap Value ETF	1.40%	1.53%	1.81%	2.20%	5.78%	6.62%	1.38%	2.40%	4.01%	0.83%

Frequently Asked Questions

Can I hold both ABLD and NUMV in my portfolio?

ABLD and NUMV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABLD or NUMV?

ABLD has higher volatility (4.52%) compared to NUMV (2.97%). In terms of maximum drawdown, ABLD dropped -19.35% vs NUMV's -43.46%.

Which ETF is better, ABLD or NUMV?

On 3-year performance, NUMV leads with 16.96% vs 12.75% for ABLD. On fees, NUMV is cheaper at 0.31% per year. On volatility, NUMV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABLD or NUMV?

Over the 3-year period, NUMV has performed better with a 16.96% return vs 12.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABLD or NUMV?

NUMV is cheaper with a 0.31% expense ratio, compared with 0.39% for ABLD.

Which ETF pays a higher dividend yield, ABLD or NUMV?

ABLD has the higher dividend yield at 4.20%, compared with 1.40% for NUMV.

What is the main difference between ABLD and NUMV?

ABLD tracks FCF Yield Enhanced Real Asset Index, while NUMV tracks TIAA ESG USA Mid-Cap Value Index. They also come from different issuers: Abacus and Nuveen. Their fees differ too: 0.39% for ABLD and 0.31% for NUMV.

Which has better risk-adjusted returns?

NUMV currently has the higher Sharpe Ratio (1.92 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.