NCPB vs. NDVG

Last updated Jun 4, 2026

NCPB (Nuveen Core Plus Bond ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NCPB is a Intermediate Core-Plus Bond fund actively managed by Nuveen, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. NCPB charges 0.30%/yr vs 0.64%/yr for NDVG.

Performance

NCPB vs. NDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Core Plus Bond ETF (NCPB) and Nuveen Dividend Growth ETF (NDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NCPB

• 1D: -0.20%
• 1M: 0.41%
• YTD: 0.47%
• 6M: 0.53%
• 1Y: 6.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NDVG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCPB vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NCPB Nuveen Core Plus Bond ETF	0.47%	7.69%	3.55%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	13.10%

Correlation

The correlation between NCPB and NDVG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.29

Return for Risk

NCPB vs. NDVG — Risk / Return Rank

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

NCPB

NCPB Risk / Return Rank: 49
NCPB Sharpe Ratio Rank: 52
NCPB Sortino Ratio Rank: 55
NCPB Omega Ratio Rank: 53
NCPB Calmar Ratio Rank: 44
NCPB Martin Ratio Rank: 43

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.

NCPB vs. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Plus Bond ETF (NCPB) and Nuveen Dividend Growth ETF (NDVG). 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.

	NCPB	NDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.61	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.16	—	—
Martin ratio: Return relative to average drawdown	6.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NCPB	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	—	—

Drawdowns

Drawdown Indicators

	NCPB	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-3.59%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	—	—
Current Drawdown Current decline from peak	-1.37%	—	—
Average Drawdown Average peak-to-trough decline	-0.92%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	—	—

Volatility

Volatility by Period

	NCPB	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.55%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.34%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.34%	—	—

NCPB vs. NDVG - Expense Ratio Comparison

NCPB has a 0.30% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

NCPB vs. NDVG - Dividend Comparison

NCPB's dividend yield for the trailing twelve months is around 5.22%, more than NDVG's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021
NCPB Nuveen Core Plus Bond ETF	5.22%	5.21%	5.14%	0.00%	0.00%	0.00%
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%

Frequently Asked Questions

Can I hold both NCPB and NDVG in my portfolio?

NCPB and NDVG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NCPB or NDVG?

On fees, NCPB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NCPB or NDVG?

NCPB is cheaper with a 0.30% expense ratio, compared with 0.64% for NDVG.

Which ETF pays a higher dividend yield, NCPB or NDVG?

NCPB has the higher dividend yield at 5.22%, compared with 4.41% for NDVG.

What is the main difference between NCPB and NDVG?

NCPB is categorized as Intermediate Core-Plus Bond, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.30% for NCPB and 0.64% for NDVG.