IJJ vs. NUAG
IJJ (iShares S&P Mid-Cap 400 Value ETF) and NUAG (Nuveen Enhanced Yield U.S. Aggregate Bond ETF) are both exchange-traded funds - IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while NUAG is a Intermediate Core Bond fund tracking the ICE BofA Enhanced Yield US Broad Bond. Both are passively managed. Over the past 5 years, IJJ returned 7.53%/yr vs 0.51%/yr for NUAG. At a 0.08 correlation, their price movements are largely independent. IJJ charges 0.18%/yr vs 0.19%/yr for NUAG.
Performance
IJJ vs. NUAG - Performance Comparison
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Returns By Period
In the year-to-date period, IJJ achieves a 9.44% return, which is significantly higher than NUAG's 0.67% return.
IJJ
- 1D
- 0.45%
- 1M
- 1.23%
- YTD
- 9.44%
- 6M
- 9.54%
- 1Y
- 21.89%
- 3Y*
- 14.45%
- 5Y*
- 7.53%
- 10Y*
- 10.25%
NUAG
- 1D
- 0.17%
- 1M
- 0.39%
- YTD
- 0.67%
- 6M
- 0.70%
- 1Y
- 5.51%
- 3Y*
- 4.97%
- 5Y*
- 0.51%
- 10Y*
- —
IJJ vs. NUAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJJ iShares S&P Mid-Cap 400 Value ETF | 9.44% | 7.27% | 11.63% | 15.24% | -7.11% | 30.45% | 3.56% | 25.66% | -12.06% | 12.04% |
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 0.67% | 7.37% | 2.02% | 7.52% | -13.97% | -2.03% | 7.48% | 10.13% | -1.45% | 3.98% |
Correlation
The correlation between IJJ and NUAG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.08 |
Over the past year, IJJ and NUAG have become more correlated (0.34) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IJJ vs. NUAG — Risk / Return Rank
IJJ
NUAG
IJJ vs. NUAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) and Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG). 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.
| IJJ | NUAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.18 | -0.10 |
| Martin ratioReturn relative to average drawdown | 7.17 | 6.58 | +0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IJJ | NUAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.56 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.08 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.31 | +0.16 |
Drawdowns
IJJ vs. NUAG - Drawdown Comparison
The maximum IJJ drawdown since its inception was -58.00%, which is greater than NUAG's maximum drawdown of -19.79%. Use the drawdown chart below to compare losses from any high point for IJJ and NUAG.
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Drawdown Indicators
| IJJ | NUAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.00% | -19.79% | -38.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -2.54% | -8.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.68% | -5.61% | -17.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -19.19% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -46.11% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.06% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -4.95% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 0.84% | +2.22% |
Volatility
IJJ vs. NUAG - Volatility Comparison
iShares S&P Mid-Cap 400 Value ETF (IJJ) has a higher volatility of 3.70% compared to Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) at 1.15%. This indicates that IJJ's price experiences larger fluctuations and is considered to be riskier than NUAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJJ | NUAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 1.15% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 2.59% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 3.58% | +11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 6.01% | +13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.03% | 5.48% | +16.55% |
IJJ vs. NUAG - Expense Ratio Comparison
IJJ has a 0.18% expense ratio, which is lower than NUAG's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IJJ vs. NUAG - Dividend Comparison
IJJ's dividend yield for the trailing twelve months is around 1.63%, less than NUAG's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJJ iShares S&P Mid-Cap 400 Value ETF | 1.63% | 1.79% | 1.81% | 1.68% | 1.97% | 1.62% | 1.78% | 1.70% | 2.01% | 1.52% | 1.67% | 1.83% |
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 4.49% | 4.43% | 4.44% | 3.95% | 3.60% | 2.27% | 2.93% | 3.54% | 3.79% | 3.38% | 0.48% | 0.00% |
Frequently Asked Questions
IJJ and NUAG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJJ has higher volatility (3.70%) compared to NUAG (1.15%). In terms of maximum drawdown, IJJ dropped -58.00% vs NUAG's -19.79%.
On 5-year performance, IJJ leads with 7.53% vs 0.51% for NUAG. On fees, IJJ is cheaper at 0.18% per year. On volatility, NUAG has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IJJ has performed better with a 7.53% return vs 0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJJ is cheaper with a 0.18% expense ratio, compared with 0.19% for NUAG.
NUAG has the higher dividend yield at 4.49%, compared with 1.63% for IJJ.
IJJ is categorized as Mid Cap Value Equities, while NUAG is Intermediate Core Bond. IJJ tracks S&P MidCap 400 Value Index, while NUAG tracks ICE BofA Enhanced Yield US Broad Bond. They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.18% for IJJ and 0.19% for NUAG.
NUAG currently has the higher Sharpe Ratio (1.56 vs 1.44), 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.
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