GNMA vs. NSCI
GNMA (iShares GNMA Bond ETF) and NSCI (Nuveen Securitized Income ETF) are both Mortgage Backed Securities funds. GNMA is passively managed, while NSCI is actively managed. At a 0.48 correlation, their price movements are largely independent. GNMA charges 0.15%/yr vs 0.38%/yr for NSCI.
Performance
GNMA vs. NSCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GNMA achieves a 1.44% return, which is significantly lower than NSCI's 2.17% return.
GNMA
- 1D
- 0.12%
- 1M
- 0.97%
- YTD
- 1.44%
- 6M
- 1.55%
- 1Y
- 5.74%
- 3Y*
- 4.36%
- 5Y*
- 0.75%
- 10Y*
- 1.23%
NSCI
- 1D
- 0.08%
- 1M
- 0.57%
- YTD
- 2.17%
- 6M
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GNMA vs. NSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GNMA iShares GNMA Bond ETF | 1.44% | 1.50% |
NSCI Nuveen Securitized Income ETF | 2.17% | 1.66% |
Correlation
The correlation between GNMA and NSCI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.48 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GNMA vs. NSCI — Risk / Return Rank
GNMA
NSCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GNMA vs. NSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) and Nuveen Securitized Income ETF (NSCI). 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.
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.
| GNMA | NSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | — | — |
| Martin ratioReturn relative to average drawdown | 6.60 | — | — |
Loading charts...
Drawdowns
GNMA vs. NSCI - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, which is greater than NSCI's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for GNMA and NSCI.
Loading charts...
Drawdown Indicators
| GNMA | NSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -1.10% | -15.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -0.18% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | — | — |
Volatility
GNMA vs. NSCI - Volatility Comparison
Loading charts...
Volatility by Period
| GNMA | NSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 1.30% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 1.30% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 1.30% | +3.84% |
GNMA vs. NSCI - Expense Ratio Comparison
GNMA has a 0.15% expense ratio, which is lower than NSCI's 0.38% expense ratio.
Dividends
GNMA vs. NSCI - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.20%, more than NSCI's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.20% | 4.19% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.61% | 2.41% | 2.15% | 1.89% | 1.50% |
NSCI Nuveen Securitized Income ETF | 3.04% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GNMA and NSCI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GNMA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GNMA is cheaper with a 0.15% expense ratio, compared with 0.38% for NSCI.
GNMA has the higher dividend yield at 4.20%, compared with 3.04% for NSCI.
They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.15% for GNMA and 0.38% for NSCI.
Find the right allocation for GNMA and NSCI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer