NUAG vs. IJJ

Last updated Apr 2, 2026

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.

Performance

NUAG vs. IJJ - 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 iShares S&P MidCap 400 Value ETF (IJJ). The values are adjusted to include any dividend payments, if applicable.

NUAG vs. IJJ - 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%
IJJ iShares S&P MidCap 400 Value ETF	1.52%	7.27%	11.63%	15.24%	-7.11%	30.45%	3.56%	25.66%	-12.06%	12.04%

Returns By Period

In the year-to-date period, NUAG achieves a -0.03% return, which is significantly lower than IJJ's 1.52% return.

NUAG

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

IJJ

• 1D: 0.49%
• 1M: -4.98%
• YTD: 1.52%
• 6M: 3.17%
• 1Y: 12.94%
• 3Y*: 11.00%
• 5Y*: 7.18%
• 10Y*: 9.93%

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

NUAG vs. IJJ - Expense Ratio Comparison

NUAG has a 0.19% 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%.

IJJ

iShares S&P MidCap 400 Value ETF

NUAG

Nuveen Enhanced Yield U.S. Aggregate Bond ETF

Return for Risk

NUAG vs. IJJ — Risk / Return Rank

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

NUAG

NUAG Risk / Return Rank: 54
NUAG Sharpe Ratio Rank: 55
NUAG Sortino Ratio Rank: 51
NUAG Omega Ratio Rank: 45
NUAG Calmar Ratio Rank: 68
NUAG Martin Ratio Rank: 52

IJJ

IJJ Risk / Return Rank: 34
IJJ Sharpe Ratio Rank: 31
IJJ Sortino Ratio Rank: 33
IJJ Omega Ratio Rank: 33
IJJ Calmar Ratio Rank: 34
IJJ Martin Ratio Rank: 36

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. IJJ - 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 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.

	NUAG	IJJ	Difference
Sharpe ratio Return per unit of total volatility	1.02	0.62	+0.40
Sortino ratio Return per unit of downside risk	1.45	1.03	+0.42
Omega ratio Gain probability vs. loss probability	1.19	1.14	+0.05
Calmar ratio Return relative to maximum drawdown	1.90	0.91	+0.99
Martin ratio Return relative to average drawdown	5.51	3.41	+2.10
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. IJJ - Sharpe Ratio Comparison

The current NUAG Sharpe Ratio is 1.02, which is higher than the IJJ Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of NUAG and IJJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NUAG	IJJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.62	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.37	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.46	-0.16

Correlation

The correlation between NUAG and IJJ is 0.07, 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.

Dividends

NUAG vs. IJJ - Dividend Comparison

NUAG's dividend yield for the trailing twelve months is around 4.54%, more than IJJ's 1.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IJJ iShares S&P MidCap 400 Value ETF	1.76%	1.79%	1.81%	1.68%	1.97%	1.62%	1.78%	1.70%	2.01%	1.52%	1.67%	1.83%

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.

Drawdown Indicators

	NUAG	IJJ	Difference
Max Drawdown Largest peak-to-trough decline	-19.79%	-58.00%	+38.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-14.54%	+12.00%
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	-22.68%	+3.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.11%	—
Current Drawdown Current decline from peak	-1.75%	-7.05%	+5.30%
Average Drawdown Average peak-to-trough decline	-5.01%	-7.97%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	3.88%	-3.00%

Volatility

NUAG vs. IJJ - Volatility Comparison

The current volatility for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) is 1.66%, while iShares S&P MidCap 400 Value ETF (IJJ) has a volatility of 5.40%. 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.

Volatility by Period

	NUAG	IJJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	5.40%	-3.74%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	11.57%	-9.13%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	20.88%	-16.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	19.64%	-13.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	22.04%	-16.53%