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NUAG vs. BIV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

NUAG vs. BIV

Last updated Apr 2, 2026

Compare and contrast key facts about Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and Vanguard Intermediate-Term Bond Index ETF (BIV).

NUAG and BIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUAG is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond. It was launched on Sep 14, 2016. BIV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. It was launched on Apr 3, 2007. Both NUAG and BIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NUAG vs. BIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and Vanguard Intermediate-Term Bond Index ETF (BIV). The values are adjusted to include any dividend payments, if applicable.

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NUAG vs. BIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NUAG
Nuveen Enhanced Yield U.S. Aggregate Bond ETF		-0.03%7.37%2.02%7.52%-13.97%-2.03%7.48%10.13%-1.45%3.98%
BIV
Vanguard Intermediate-Term Bond Index ETF		-0.23%8.52%1.57%6.07%-13.21%-2.40%9.67%10.34%-0.19%3.65%

Returns By Period

In the year-to-date period, NUAG achieves a -0.03% return, which is significantly higher than BIV's -0.23% return.

NUAG

1D
0.03%
1M
-1.41%
YTD
-0.03%
6M
0.67%
1Y
4.34%
3Y*
4.46%
5Y*
0.54%
10Y*
—

BIV

1D
0.00%
1M
-1.57%
YTD
-0.23%
6M
0.54%
1Y
4.69%
3Y*
3.99%
5Y*
0.54%
10Y*
2.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nuveen Enhanced Yield U.S. Aggregate Bond ETF

Vanguard Intermediate-Term Bond Index ETF

Often compared with NUAG:
NUAG vs. BNDNUAG vs. FALNNUAG vs. IJJNUAG vs. JBNDNUAG vs. AHMFXNUAG vs. NUBDNUAG vs. VGVT
Often compared with BIV:
BIV vs. BNDBIV vs. BLVBIV vs. VFICXBIV vs. SCHPBIV vs. BNDXBIV vs. VGSHBIV vs. AGG

NUAG vs. BIV - Expense Ratio Comparison

NUAG has a 0.19% expense ratio, which is higher than BIV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

NUAG
Nuveen Enhanced Yield U.S. Aggregate Bond ETF
BIV
Vanguard Intermediate-Term Bond Index ETF

Return for Risk

NUAG vs. BIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NUAG
NUAG Risk / Return Rank: 5454
Overall Rank
NUAG Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
NUAG Sortino Ratio Rank: 5151
Sortino Ratio Rank
NUAG Omega Ratio Rank: 4545
Omega Ratio Rank
NUAG Calmar Ratio Rank: 6868
Calmar Ratio Rank
NUAG Martin Ratio Rank: 5252
Martin Ratio Rank
BIV
BIV Risk / Return Rank: 5656
Overall Rank
BIV Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
BIV Sortino Ratio Rank: 5656
Sortino Ratio Rank
BIV Omega Ratio Rank: 4545
Omega Ratio Rank
BIV Calmar Ratio Rank: 6666
Calmar Ratio Rank
BIV Martin Ratio Rank: 5555
Martin Ratio Rank
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.

NUAG vs. BIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.

NUAGBIVDifference

Sharpe ratio

Return per unit of total volatility

1.02

1.04

-0.01

Sortino ratio

Return per unit of downside risk

1.45

1.50

-0.05

Omega ratio

Gain probability vs. loss probability

1.19

1.18

0.00

Calmar ratio

Return relative to maximum drawdown

1.90

1.74

+0.15

Martin ratio

Return relative to average drawdown

5.51

5.57

-0.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUAG vs. BIV - Sharpe Ratio Comparison

The current NUAG Sharpe Ratio is 1.02, which is comparable to the BIV Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of NUAG and BIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

NUAGBIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

1.04

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.09

0.09

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.37

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.65

-0.35

Correlation

The correlation between NUAG and BIV is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NUAG vs. BIV - Dividend Comparison

NUAG's dividend yield for the trailing twelve months is around 4.54%, more than BIV's 4.14% yield.

TTM20252024202320222021202020192018201720162015
NUAG
Nuveen Enhanced Yield U.S. Aggregate Bond ETF		4.54%4.43%4.44%3.95%3.60%2.27%2.93%3.54%3.79%3.38%0.48%0.00%
BIV
Vanguard Intermediate-Term Bond Index ETF		4.14%4.01%3.79%3.09%2.41%3.42%2.95%2.75%2.88%2.69%3.01%3.02%

Drawdowns

NUAG vs. BIV - Drawdown Comparison

The maximum NUAG drawdown since its inception was -19.79%, roughly equal to the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for NUAG and BIV.

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Drawdown Indicators

NUAGBIVDifference

Max Drawdown

Largest peak-to-trough decline

-19.79%

-18.95%

-0.84%

Max Drawdown (1Y)

Largest decline over 1 year

-2.54%

-2.87%

+0.33%

Max Drawdown (5Y)

Largest decline over 5 years

-19.19%

-18.74%

-0.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.95%

—

Current Drawdown

Current decline from peak

-1.75%

-2.03%

+0.28%

Average Drawdown

Average peak-to-trough decline

-5.01%

-3.40%

-1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.88%

0.90%

-0.02%

Volatility

NUAG vs. BIV - Volatility Comparison

The current volatility for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) is 1.66%, while Vanguard Intermediate-Term Bond Index ETF (BIV) has a volatility of 1.77%. This indicates that NUAG experiences smaller price fluctuations and is considered to be less risky than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NUAGBIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.66%

1.77%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

2.44%

2.74%

-0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

4.28%

4.55%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.00%

6.39%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.51%

5.50%

+0.01%