NUAG vs. FALN
Compare and contrast key facts about Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and iShares Fallen Angels USD Bond ETF (FALN).
NUAG and FALN 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. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. Both NUAG and FALN 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. FALN - Performance Comparison
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NUAG vs. FALN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FALN iShares Fallen Angels USD Bond ETF | -0.49% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
Returns By Period
In the year-to-date period, NUAG achieves a -0.03% return, which is significantly higher than FALN's -0.49% return.
NUAG
- 1D
- 0.03%
- 1M
- -1.41%
- YTD
- -0.03%
- 6M
- 0.67%
- 1Y
- 4.34%
- 3Y*
- 4.46%
- 5Y*
- 0.54%
- 10Y*
- —
FALN
- 1D
- 0.57%
- 1M
- -1.82%
- YTD
- -0.49%
- 6M
- -0.31%
- 1Y
- 6.78%
- 3Y*
- 8.53%
- 5Y*
- 3.71%
- 10Y*
- —
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NUAG vs. FALN - Expense Ratio Comparison
NUAG has a 0.19% expense ratio, which is lower than FALN's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
NUAG vs. FALN — Risk / Return Rank
NUAG
FALN
NUAG vs. FALN - 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 iShares Fallen Angels USD Bond ETF (FALN). 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.
| NUAG | FALN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.98 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.40 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.25 | +0.65 |
Martin ratioReturn relative to average drawdown | 5.51 | 5.37 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUAG | FALN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.98 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.51 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.72 | -0.42 |
Correlation
The correlation between NUAG and FALN is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NUAG vs. FALN - Dividend Comparison
NUAG's dividend yield for the trailing twelve months is around 4.54%, less than FALN's 6.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FALN iShares Fallen Angels USD Bond ETF | 6.51% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
Drawdowns
NUAG vs. FALN - Drawdown Comparison
The maximum NUAG drawdown since its inception was -19.79%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for NUAG and FALN.
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Drawdown Indicators
| NUAG | FALN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -29.22% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -5.57% | +3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -18.78% | -0.41% |
Current DrawdownCurrent decline from peak | -1.75% | -2.28% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -3.37% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.29% | -0.41% |
Volatility
NUAG vs. FALN - Volatility Comparison
The current volatility for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) is 1.66%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 2.82%. This indicates that NUAG experiences smaller price fluctuations and is considered to be less risky than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUAG | FALN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 2.82% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 3.57% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 6.92% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 7.28% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 9.01% | -3.50% |