NUAG vs. JBND

Last updated Aug 2, 2026

NUAG (Nuveen Enhanced Yield U.S. Aggregate Bond ETF) and JBND (Jpmorgan Active Bond ETF) are both Intermediate Core Bond funds. NUAG is passively managed, while JBND is actively managed. Over the past year, NUAG returned 2.31% vs 2.36% for JBND. Their correlation of 0.93 means they have usually moved in the same direction. NUAG charges 0.19%/yr vs 0.25%/yr for JBND.

Performance

NUAG vs. JBND - 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 Jpmorgan Active Bond ETF (JBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with NUAG at -0.46% and JBND at -0.46%.

NUAG

• 1D: -0.29%
• 1M: -1.36%
• 6M: -0.83%
• YTD: -0.46%
• 1Y: 2.31%
• 3Y*: 4.64%
• 5Y*: -0.09%
• 10Y*: —
• ALL TIME*: 1.57%

JBND

• 1D: -0.21%
• 1M: -1.13%
• 6M: -0.55%
• YTD: -0.46%
• 1Y: 2.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JBND Jpmorgan Active Bond ETF	$40.71M	$43.19M	$53.57M
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF	$252.59K	$179.69K	$216.95K

NUAG vs. JBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF	-0.46%	7.37%	2.02%	7.52%
JBND Jpmorgan Active Bond ETF	-0.46%	8.21%	3.19%	7.43%

Correlation

The correlation between NUAG and JBND is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.93

The correlation between NUAG and JBND has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

NUAG vs. JBND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUAG

NUAG Risk / Return Rank: 32
NUAG Sharpe Ratio Rank: 34
NUAG Sortino Ratio Rank: 32
NUAG Omega Ratio Rank: 30
NUAG Calmar Ratio Rank: 34
NUAG Martin Ratio Rank: 32

JBND

JBND Risk / Return Rank: 33
JBND Sharpe Ratio Rank: 35
JBND Sortino Ratio Rank: 34
JBND Omega Ratio Rank: 31
JBND Calmar Ratio Rank: 32
JBND Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUAG vs. JBND - 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 Jpmorgan Active Bond ETF (JBND). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NUAG	JBND	Difference
Sharpe ratio: Return per unit of total volatility	0.84	0.86	-0.02
Sortino ratio: Return per unit of downside risk	1.23	1.28	-0.05
Omega ratio: Gain probability vs. loss probability	1.14	1.15	-0.01
Calmar ratio: Return relative to maximum drawdown	1.17	1.09	+0.07
Martin ratio: Return relative to average drawdown	3.04	2.76	+0.28

NUAG vs. JBND - Sharpe Ratio Comparison

The current NUAG Sharpe Ratio is 0.84, which is comparable to the JBND Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of NUAG and JBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NUAG vs. JBND - Drawdown Comparison

The maximum NUAG drawdown since its inception was -19.79%, which is greater than JBND's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for NUAG and JBND.

Drawdown Indicators

	NUAG	JBND	Difference
Max Drawdown Largest peak-to-trough decline	-19.79%	-4.48%	-15.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-2.94%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-4.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	—	—
Current Drawdown Current decline from peak	-2.17%	-2.41%	+0.24%
Average Drawdown Average peak-to-trough decline	-4.89%	-1.18%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	1.17%	-0.19%

Volatility

NUAG vs. JBND - Volatility Comparison

Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) has a higher volatility of 0.99% compared to Jpmorgan Active Bond ETF (JBND) at 0.89%. This indicates that NUAG's price experiences larger fluctuations and is considered to be riskier than JBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUAG	JBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	0.89%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	2.89%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	3.73%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	4.79%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	4.79%	+0.67%

NUAG vs. JBND - Expense Ratio Comparison

NUAG has a 0.19% expense ratio, which is lower than JBND'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%.

Dividends

NUAG vs. JBND - Dividend Comparison

NUAG's dividend yield for the trailing twelve months is around 4.58%, more than JBND's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JBND Jpmorgan Active Bond ETF	4.07%	4.42%	4.58%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF	4.16%	4.43%	4.44%	3.95%	3.60%	2.27%	2.93%	3.54%	3.79%	3.38%	0.48%

Frequently Asked Questions

Can I hold both NUAG and JBND in my portfolio?

With a correlation of 0.93, NUAG and JBND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NUAG or JBND?

NUAG has higher volatility (0.99%) compared to JBND (0.89%). In terms of maximum drawdown, NUAG dropped -19.79% vs JBND's -4.48%.

Which ETF is better, NUAG or JBND?

On 1-year performance, JBND leads with 2.36% vs 2.31% for NUAG. On fees, NUAG is cheaper at 0.19% per year. On volatility, JBND has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUAG or JBND?

Over the 1-year period, JBND has performed better with a 2.36% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUAG or JBND?

NUAG is cheaper with a 0.19% expense ratio, compared with 0.25% for JBND.

Which ETF pays a higher dividend yield, NUAG or JBND?

NUAG has the higher dividend yield at 4.16%, compared with 4.07% for JBND.

What is the main difference between NUAG and JBND?

They also come from different issuers: Nuveen and JPMorgan. Their fees differ too: 0.19% for NUAG and 0.25% for JBND.

Which has better risk-adjusted returns?

JBND currently has the higher Sharpe Ratio (0.86 vs 0.84), 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.