NDVG vs. NHYM

Last updated Jun 4, 2026

NDVG (Nuveen Dividend Growth ETF) and NHYM (Nuveen High Yield Municipal Income ETF) are both exchange-traded funds - NDVG is a Large Cap Growth Equities fund actively managed by Nuveen, while NHYM is a High Yield Muni fund actively managed by Nuveen. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. NDVG charges 0.64%/yr vs 0.35%/yr for NHYM.

Performance

NDVG vs. NHYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Dividend Growth ETF (NDVG) and Nuveen High Yield Municipal Income ETF (NHYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NDVG

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

NHYM

• 1D: -0.06%
• 1M: 1.06%
• YTD: 2.77%
• 6M: 3.27%
• 1Y: 8.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NDVG vs. NHYM - Yearly Performance Comparison

	2026 (YTD)	2025
NDVG Nuveen Dividend Growth ETF	-1.62%	6.51%
NHYM Nuveen High Yield Municipal Income ETF	2.77%	3.25%

Correlation

The correlation between NDVG and NHYM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.15

Return for Risk

NDVG vs. NHYM — Risk / Return Rank

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

NHYM

NHYM Risk / Return Rank: 63
NHYM Sharpe Ratio Rank: 60
NHYM Sortino Ratio Rank: 69
NHYM Omega Ratio Rank: 70
NHYM Calmar Ratio Rank: 65
NHYM Martin Ratio Rank: 54

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.

NDVG vs. NHYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth ETF (NDVG) and Nuveen High Yield Municipal Income ETF (NHYM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NDVG	NHYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.76	—

Drawdowns

Drawdown Indicators

	NDVG	NHYM	Difference
Max Drawdown Largest peak-to-trough decline	—	-6.11%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.77%	—
Current Drawdown Current decline from peak	—	-0.06%	—
Average Drawdown Average peak-to-trough decline	—	-1.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	NDVG	NHYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.39%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.93%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.93%	—

NDVG vs. NHYM - Expense Ratio Comparison

NDVG has a 0.64% expense ratio, which is higher than NHYM's 0.35% expense ratio.

Dividends

NDVG vs. NHYM - Dividend Comparison

NDVG's dividend yield for the trailing twelve months is around 4.41%, less than NHYM's 4.53% yield.

Position	TTM	2025	2024	2023	2022	2021
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%
NHYM Nuveen High Yield Municipal Income ETF	4.53%	4.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDVG and NHYM in my portfolio?

NDVG and NHYM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDVG or NHYM?

On fees, NHYM is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDVG or NHYM?

NHYM is cheaper with a 0.35% expense ratio, compared with 0.64% for NDVG.

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

NHYM has the higher dividend yield at 4.53%, compared with 4.41% for NDVG.

What is the main difference between NDVG and NHYM?

NDVG is categorized as Large Cap Growth Equities, while NHYM is High Yield Muni. Their fees differ too: 0.64% for NDVG and 0.35% for NHYM.