NPFI vs. NDVG

Last updated Jun 4, 2026

NPFI (Nuveen Preferred And Income ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NPFI is a Preferred Stock/Convertible Bonds fund actively managed by Nuveen, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. NPFI charges 0.55%/yr vs 0.64%/yr for NDVG.

Performance

NPFI vs. NDVG - Performance Comparison

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

Returns By Period

NPFI

• 1D: -0.11%
• 1M: 0.76%
• YTD: 1.62%
• 6M: 2.06%
• 1Y: 7.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NDVG

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

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

NPFI vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NPFI Nuveen Preferred And Income ETF	1.62%	9.21%	6.56%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	13.10%

Correlation

The correlation between NPFI and NDVG is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.49

Return for Risk

NPFI vs. NDVG — Risk / Return Rank

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

NPFI

NPFI Risk / Return Rank: 76
NPFI Sharpe Ratio Rank: 83
NPFI Sortino Ratio Rank: 89
NPFI Omega Ratio Rank: 92
NPFI Calmar Ratio Rank: 50
NPFI Martin Ratio Rank: 65

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.

NPFI vs. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred And Income ETF (NPFI) 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.

	NPFI	NDVG	Difference
Sharpe ratio: Return per unit of total volatility	2.72	—	—
Sortino ratio: Return per unit of downside risk	4.18	—	—
Omega ratio: Gain probability vs. loss probability	1.64	—	—
Calmar ratio: Return relative to maximum drawdown	2.49	—	—
Martin ratio: Return relative to average drawdown	12.02	—	—
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

	NPFI	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	—	—

Drawdowns

Drawdown Indicators

	NPFI	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-3.18%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	—	—
Current Drawdown Current decline from peak	-0.11%	—	—
Average Drawdown Average peak-to-trough decline	-0.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	NPFI	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.91%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.95%	—	—

NPFI vs. NDVG - Expense Ratio Comparison

NPFI has a 0.55% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

NPFI vs. NDVG - Dividend Comparison

NPFI's dividend yield for the trailing twelve months is around 6.41%, more than NDVG's 4.41% 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%
NPFI Nuveen Preferred And Income ETF	6.41%	6.33%	5.10%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NPFI and NDVG in my portfolio?

NPFI and NDVG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NPFI or NDVG?

On fees, NPFI is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NPFI or NDVG?

NPFI is cheaper with a 0.55% expense ratio, compared with 0.64% for NDVG.

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

NPFI has the higher dividend yield at 6.41%, compared with 4.41% for NDVG.

What is the main difference between NPFI and NDVG?

NPFI is categorized as Preferred Stock/Convertible Bonds, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.55% for NPFI and 0.64% for NDVG.