Correlation
The correlation between NUAG and IJJ is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
NUAG vs. IJJ
Compare and contrast key facts about Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and iShares S&P MidCap 400 Value ETF (IJJ).
NUAG and IJJ 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. IJJ is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Value Index. It was launched on Jul 24, 2000. Both NUAG and IJJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUAG or IJJ.
Performance
NUAG vs. IJJ - Performance Comparison
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Key characteristics
NUAG:
1.06
IJJ:
0.30
NUAG:
1.52
IJJ:
0.56
NUAG:
1.18
IJJ:
1.08
NUAG:
0.50
IJJ:
0.27
NUAG:
3.03
IJJ:
0.85
NUAG:
1.83%
IJJ:
7.31%
NUAG:
5.30%
IJJ:
21.54%
NUAG:
-19.79%
IJJ:
-58.00%
NUAG:
-5.93%
IJJ:
-11.06%
Returns By Period
In the year-to-date period, NUAG achieves a 2.04% return, which is significantly higher than IJJ's -4.02% return.
NUAG
2.04%
0.02%
-0.02%
5.31%
2.21%
-0.53%
N/A
IJJ
-4.02%
4.01%
-10.47%
4.66%
6.61%
14.66%
8.09%
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NUAG vs. IJJ - Expense Ratio Comparison
NUAG has a 0.20% expense ratio, which is lower than IJJ'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%.
Risk-Adjusted Performance
NUAG vs. IJJ — Risk-Adjusted Performance Rank
NUAG
IJJ
NUAG vs. IJJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and iShares S&P MidCap 400 Value ETF (IJJ). 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.
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Dividends
NUAG vs. IJJ - Dividend Comparison
NUAG's dividend yield for the trailing twelve months is around 4.39%, more than IJJ's 1.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 4.39% | 4.44% | 3.95% | 3.60% | 2.27% | 2.93% | 3.54% | 3.79% | 3.38% | 0.78% | 0.00% | 0.00% |
IJJ iShares S&P MidCap 400 Value ETF | 1.96% | 1.81% | 1.68% | 1.97% | 1.62% | 1.78% | 1.70% | 2.01% | 1.52% | 1.67% | 1.83% | 1.65% |
Drawdowns
NUAG vs. IJJ - Drawdown Comparison
The maximum NUAG drawdown since its inception was -19.79%, smaller than the maximum IJJ drawdown of -58.00%. Use the drawdown chart below to compare losses from any high point for NUAG and IJJ.
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Volatility
NUAG vs. IJJ - Volatility Comparison
The current volatility for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) is 1.48%, while iShares S&P MidCap 400 Value ETF (IJJ) has a volatility of 6.06%. This indicates that NUAG experiences smaller price fluctuations and is considered to be less risky than IJJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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