NSCI vs. SECR

Last updated Jun 27, 2026

NSCI (Nuveen Securitized Income ETF) and SECR (NYLI MacKay Securitized Income ETF) are both Mortgage Backed Securities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. NSCI charges 0.38%/yr vs 0.28%/yr for SECR.

Performance

NSCI vs. SECR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Securitized Income ETF (NSCI) and NYLI MacKay Securitized Income ETF (SECR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSCI achieves a 2.21% return, which is significantly higher than SECR's 1.33% return.

NSCI

• 1D: 0.04%
• 1M: 0.47%
• YTD: 2.21%
• 6M: 2.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SECR

• 1D: 0.05%
• 1M: 0.83%
• YTD: 1.33%
• 6M: 1.23%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NSCI vs. SECR - Yearly Performance Comparison

	2026 (YTD)	2025
NSCI Nuveen Securitized Income ETF	2.21%	1.66%
SECR NYLI MacKay Securitized Income ETF	1.33%	0.84%

Correlation

The correlation between NSCI and SECR is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.54

Return for Risk

NSCI vs. SECR — Risk / Return Rank

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

NSCI

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

SECR

SECR Risk / Return Rank: 30
SECR Sharpe Ratio Rank: 31
SECR Sortino Ratio Rank: 30
SECR Omega Ratio Rank: 29
SECR Calmar Ratio Rank: 30
SECR Martin Ratio Rank: 30

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.

NSCI vs. SECR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Securitized Income ETF (NSCI) and NYLI MacKay Securitized Income ETF (SECR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NSCI	SECR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.03	—
Sortino ratio: Return per unit of downside risk	—	1.53	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.38	—
Martin ratio: Return relative to average drawdown	—	3.87	—

Drawdowns

NSCI vs. SECR - Drawdown Comparison

The maximum NSCI drawdown since its inception was -1.10%, smaller than the maximum SECR drawdown of -3.93%. Use the drawdown chart below to compare losses from any high point for NSCI and SECR.

Drawdown Indicators

	NSCI	SECR	Difference
Max Drawdown Largest peak-to-trough decline	-1.10%	-3.93%	+2.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.94%	—
Current Drawdown Current decline from peak	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-0.17%	-1.09%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	NSCI	SECR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.30%	3.95%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.30%	4.60%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.30%	4.60%	-3.30%

NSCI vs. SECR - Expense Ratio Comparison

NSCI has a 0.38% expense ratio, which is higher than SECR's 0.28% expense ratio.

Dividends

NSCI vs. SECR - Dividend Comparison

NSCI's dividend yield for the trailing twelve months is around 3.04%, less than SECR's 6.24% yield.

Position	TTM	2025	2024
NSCI Nuveen Securitized Income ETF	3.04%	1.09%	0.00%
SECR NYLI MacKay Securitized Income ETF	6.24%	6.68%	3.24%

Frequently Asked Questions

Can I hold both NSCI and SECR in my portfolio?

NSCI and SECR have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NSCI or SECR?

On fees, SECR is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NSCI or SECR?

SECR is cheaper with a 0.28% expense ratio, compared with 0.38% for NSCI.

Which ETF pays a higher dividend yield, NSCI or SECR?

SECR has the higher dividend yield at 6.24%, compared with 3.04% for NSCI.

What is the main difference between NSCI and SECR?

They also come from different issuers: Nuveen and NYLI. Their fees differ too: 0.38% for NSCI and 0.28% for SECR.