IUSB vs. NUSA
Compare and contrast key facts about iShares Core Total USD Bond Market ETF (IUSB) and Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA).
IUSB and NUSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSB is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Universal Index. It was launched on Jun 10, 2014. NUSA is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond (1-5 Y). It was launched on Mar 31, 2017. Both IUSB and NUSA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IUSB or NUSA.
Key characteristics
| IUSB | NUSA | |
|---|---|---|
| YTD Return | 2.12% | 3.02% |
| 1Y Return | 7.22% | 5.37% |
| 3Y Return (Ann) | -1.76% | 0.63% |
| 5Y Return (Ann) | 0.10% | 1.24% |
| Sharpe Ratio | 1.44 | 2.07 |
| Sortino Ratio | 2.13 | 3.18 |
| Omega Ratio | 1.26 | 1.42 |
| Calmar Ratio | 0.59 | 1.18 |
| Martin Ratio | 5.21 | 9.68 |
| Ulcer Index | 1.50% | 0.63% |
| Daily Std Dev | 5.43% | 2.88% |
| Max Drawdown | -17.98% | -9.44% |
| Current Drawdown | -7.01% | -1.47% |
Correlation
The correlation between IUSB and NUSA is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IUSB vs. NUSA - Performance Comparison
In the year-to-date period, IUSB achieves a 2.12% return, which is significantly lower than NUSA's 3.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IUSB vs. NUSA - Expense Ratio Comparison
IUSB has a 0.06% expense ratio, which is lower than NUSA's 0.20% 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%.
Risk-Adjusted Performance
IUSB vs. NUSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Total USD Bond Market ETF (IUSB) and Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA). 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.
Dividends
IUSB vs. NUSA - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 3.94%, less than NUSA's 4.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Total USD Bond Market ETF | 3.94% | 3.46% | 2.53% | 1.74% | 2.45% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% | 1.39% |
NUSA Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF | 4.13% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.21% | 0.00% | 0.00% | 0.00% |
Drawdowns
IUSB vs. NUSA - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.98%, which is greater than NUSA's maximum drawdown of -9.44%. Use the drawdown chart below to compare losses from any high point for IUSB and NUSA. For additional features, visit the drawdowns tool.
Volatility
IUSB vs. NUSA - Volatility Comparison
iShares Core Total USD Bond Market ETF (IUSB) has a higher volatility of 1.54% compared to Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) at 0.66%. This indicates that IUSB's price experiences larger fluctuations and is considered to be riskier than NUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.