NCPB vs. NUDV

Last updated Jun 4, 2026

NCPB (Nuveen Core Plus Bond ETF) and NUDV (Nuveen ESG Dividend ETF) are both exchange-traded funds - NCPB is a Intermediate Core-Plus Bond fund actively managed by Nuveen, while NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index. NCPB is actively managed, while NUDV is passively managed. Over the past year, NCPB returned 6.20% vs 18.63% for NUDV. At a 0.31 correlation, their price movements are largely independent. NCPB charges 0.30%/yr vs 0.26%/yr for NUDV.

Performance

NCPB vs. NUDV - Performance Comparison

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

Returns By Period

In the year-to-date period, NCPB achieves a 0.47% return, which is significantly lower than NUDV's 9.63% return.

NCPB

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

NUDV

• 1D: -0.72%
• 1M: 1.42%
• YTD: 9.63%
• 6M: 10.03%
• 1Y: 18.63%
• 3Y*: 15.87%
• 5Y*: —
• 10Y*: —

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

NCPB vs. NUDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NCPB Nuveen Core Plus Bond ETF	0.47%	7.69%	3.55%
NUDV Nuveen ESG Dividend ETF	9.63%	10.77%	10.54%

Correlation

The correlation between NCPB and NUDV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.31

Return for Risk

NCPB vs. NUDV — 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

NUDV

NUDV Risk / Return Rank: 55
NUDV Sharpe Ratio Rank: 52
NUDV Sortino Ratio Rank: 55
NUDV Omega Ratio Rank: 50
NUDV Calmar Ratio Rank: 57
NUDV Martin Ratio Rank: 57

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. NUDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Plus Bond ETF (NCPB) and Nuveen ESG Dividend ETF (NUDV). 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	NUDV	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.81	-0.05
Sortino ratio: Return per unit of downside risk	2.61	2.66	-0.04
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.16	2.84	-0.67
Martin ratio: Return relative to average drawdown	6.87	10.08	-3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCPB vs. NUDV - Sharpe Ratio Comparison

The current NCPB Sharpe Ratio is 1.76, which is comparable to the NUDV Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of NCPB and NUDV, 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

	NCPB	NUDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.81	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.64	+0.57

Drawdowns

NCPB vs. NUDV - Drawdown Comparison

The maximum NCPB drawdown since its inception was -3.59%, smaller than the maximum NUDV drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for NCPB and NUDV.

Drawdown Indicators

	NCPB	NUDV	Difference
Max Drawdown Largest peak-to-trough decline	-3.59%	-20.10%	+16.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-6.60%	+3.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.48%	—
Current Drawdown Current decline from peak	-1.37%	-0.72%	-0.65%
Average Drawdown Average peak-to-trough decline	-0.92%	-4.92%	+4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.85%	-0.95%

Volatility

NCPB vs. NUDV - Volatility Comparison

The current volatility for Nuveen Core Plus Bond ETF (NCPB) is 1.25%, while Nuveen ESG Dividend ETF (NUDV) has a volatility of 2.71%. This indicates that NCPB experiences smaller price fluctuations and is considered to be less risky than NUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCPB	NUDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	2.71%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	7.44%	-4.81%
Volatility (1Y) Calculated over the trailing 1-year period	3.55%	10.34%	-6.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.34%	14.97%	-10.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.34%	14.97%	-10.63%

NCPB vs. NUDV - Expense Ratio Comparison

NCPB has a 0.30% expense ratio, which is higher than NUDV's 0.26% expense ratio.

Dividends

NCPB vs. NUDV - Dividend Comparison

NCPB's dividend yield for the trailing twelve months is around 5.22%, more than NUDV's 2.27% 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%
NUDV Nuveen ESG Dividend ETF	2.27%	2.36%	6.18%	2.48%	2.96%	0.60%

Frequently Asked Questions

Can I hold both NCPB and NUDV in my portfolio?

NCPB and NUDV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NCPB or NUDV?

NUDV has higher volatility (2.71%) compared to NCPB (1.25%). In terms of maximum drawdown, NCPB dropped -3.59% vs NUDV's -20.10%.

Which ETF is better, NCPB or NUDV?

On 1-year performance, NUDV leads with 18.63% vs 6.20% for NCPB. On fees, NUDV is cheaper at 0.26% per year. On volatility, NCPB has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NCPB or NUDV?

Over the 1-year period, NUDV has performed better with a 18.63% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NCPB or NUDV?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.30% for NCPB.

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

NCPB has the higher dividend yield at 5.22%, compared with 2.27% for NUDV.

What is the main difference between NCPB and NUDV?

NCPB is categorized as Intermediate Core-Plus Bond, while NUDV is Large Cap Value Equities. Their fees differ too: 0.30% for NCPB and 0.26% for NUDV.

Which has better risk-adjusted returns?

NUDV currently has the higher Sharpe Ratio (1.81 vs 1.76), 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.