NUAG vs. FSEC
NUAG (Nuveen Enhanced Yield U.S. Aggregate Bond ETF) and FSEC (Fidelity Investment Grade Securitized ETF) are both Intermediate Core Bond funds. NUAG is passively managed, while FSEC is actively managed. Over the past 5 years, NUAG returned 0.47%/yr vs 0.48%/yr for FSEC. A 0.78 correlation means they provide meaningful diversification when combined. NUAG charges 0.19%/yr vs 0.36%/yr for FSEC.
Performance
NUAG vs. FSEC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NUAG achieves a 0.50% return, which is significantly lower than FSEC's 0.70% return.
NUAG
- 1D
- -0.19%
- 1M
- 0.41%
- YTD
- 0.50%
- 6M
- 0.32%
- 1Y
- 5.90%
- 3Y*
- 4.89%
- 5Y*
- 0.47%
- 10Y*
- —
FSEC
- 1D
- -0.27%
- 1M
- 0.25%
- YTD
- 0.70%
- 6M
- 0.93%
- 1Y
- 6.85%
- 3Y*
- 4.79%
- 5Y*
- 0.48%
- 10Y*
- —
NUAG vs. FSEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 0.50% | 7.37% | 2.02% | 7.52% | -13.97% | 1.45% |
FSEC Fidelity Investment Grade Securitized ETF | 0.70% | 8.33% | 2.40% | 5.22% | -12.62% | -0.49% |
Correlation
The correlation between NUAG and FSEC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021 | 0.78 |
The correlation between NUAG and FSEC has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NUAG vs. FSEC — Risk / Return Rank
NUAG
FSEC
NUAG vs. FSEC - 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 Fidelity Investment Grade Securitized ETF (FSEC). 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 | FSEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.73 | -0.40 |
| Martin ratioReturn relative to average drawdown | 7.06 | 7.77 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NUAG | FSEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.29 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.07 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.06 | +0.25 |
Drawdowns
NUAG vs. FSEC - Drawdown Comparison
The maximum NUAG drawdown since its inception was -19.79%, which is greater than FSEC's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for NUAG and FSEC.
Loading charts...
Drawdown Indicators
| NUAG | FSEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -17.97% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -2.52% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -7.32% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -17.97% | -1.22% |
Current DrawdownCurrent decline from peak | -1.23% | -1.36% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -6.63% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.88% | -0.04% |
Volatility
NUAG vs. FSEC - Volatility Comparison
The current volatility for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) is 1.15%, while Fidelity Investment Grade Securitized ETF (FSEC) has a volatility of 1.50%. This indicates that NUAG experiences smaller price fluctuations and is considered to be less risky than FSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NUAG | FSEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.50% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 3.11% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 5.33% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 6.76% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 6.61% | -1.12% |
NUAG vs. FSEC - Expense Ratio Comparison
NUAG has a 0.19% expense ratio, which is lower than FSEC's 0.36% expense ratio.
Dividends
NUAG vs. FSEC - Dividend Comparison
NUAG's dividend yield for the trailing twelve months is around 4.50%, more than FSEC's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 4.45% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 4.50% | 4.43% | 4.44% | 3.95% | 3.60% | 2.27% | 2.93% | 3.54% | 3.79% | 3.38% | 0.48% |
Frequently Asked Questions
NUAG and FSEC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSEC has higher volatility (1.50%) compared to NUAG (1.15%). In terms of maximum drawdown, NUAG dropped -19.79% vs FSEC's -17.97%.
On 5-year performance, FSEC leads with 0.48% vs 0.47% for NUAG. On fees, NUAG is cheaper at 0.19% per year. On volatility, NUAG has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FSEC has performed better with a 0.48% return vs 0.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUAG is cheaper with a 0.19% expense ratio, compared with 0.36% for FSEC.
NUAG has the higher dividend yield at 4.50%, compared with 4.45% for FSEC.
They also come from different issuers: Nuveen and Fidelity. Their fees differ too: 0.19% for NUAG and 0.36% for FSEC.
NUAG currently has the higher Sharpe Ratio (1.65 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for NUAG and FSEC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer