NUAG vs. NUBD
NUAG (Nuveen Enhanced Yield U.S. Aggregate Bond ETF) and NUBD (Nuveen ESG U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds from Nuveen - NUAG tracks the ICE BofA Enhanced Yield US Broad Bond while NUBD tracks the Bloomberg MSCI U.S. Aggregate ESG Select Index. Both are passively managed. Over the past 5 years, NUAG returned 0.43%/yr vs -0.10%/yr for NUBD. Their correlation of 0.87 suggests significant overlap in exposure. NUAG charges 0.19%/yr vs 0.15%/yr for NUBD.
Performance
NUAG vs. NUBD - Performance Comparison
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Returns By Period
In the year-to-date period, NUAG achieves a 0.65% return, which is significantly higher than NUBD's 0.36% return.
NUAG
- 1D
- -0.24%
- 1M
- 0.55%
- YTD
- 0.65%
- 6M
- 0.79%
- 1Y
- 5.11%
- 3Y*
- 4.85%
- 5Y*
- 0.43%
- 10Y*
- —
NUBD
- 1D
- 0.18%
- 1M
- 0.57%
- YTD
- 0.36%
- 6M
- 0.43%
- 1Y
- 4.02%
- 3Y*
- 3.77%
- 5Y*
- -0.10%
- 10Y*
- —
NUAG vs. NUBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 0.65% | 7.37% | 2.02% | 7.52% | -13.97% | -2.03% | 7.48% | 10.13% | -1.45% | 0.17% |
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 0.36% | 6.75% | 1.31% | 5.42% | -12.90% | -2.19% | 7.17% | 8.22% | 0.32% | 0.22% |
Correlation
The correlation between NUAG and NUBD is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2017 | 0.87 |
The correlation between NUAG and NUBD has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
NUAG vs. NUBD — Risk / Return Rank
NUAG
NUBD
NUAG vs. NUBD - 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 Nuveen ESG U.S. Aggregate Bond ETF (NUBD). 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 | NUBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.46 | +0.56 |
| Martin ratioReturn relative to average drawdown | 5.87 | 4.08 | +1.80 |
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Drawdowns
NUAG vs. NUBD - Drawdown Comparison
The maximum NUAG drawdown since its inception was -19.79%, roughly equal to the maximum NUBD drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for NUAG and NUBD.
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Drawdown Indicators
| NUAG | NUBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -19.45% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -2.76% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -5.94% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -17.90% | -1.29% |
Current DrawdownCurrent decline from peak | -1.09% | -3.77% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -6.04% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.99% | -0.12% |
Volatility
NUAG vs. NUBD - Volatility Comparison
Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and Nuveen ESG U.S. Aggregate Bond ETF (NUBD) have volatilities of 1.02% and 1.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUAG | NUBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.07% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.72% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 3.77% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 5.99% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.11% | +0.37% |
NUAG vs. NUBD - Expense Ratio Comparison
NUAG has a 0.19% expense ratio, which is higher than NUBD's 0.15% expense ratio. However, 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. NUBD - Dividend Comparison
NUAG's dividend yield for the trailing twelve months is around 4.50%, more than NUBD's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 3.98% | 3.90% | 3.51% | 2.99% | 2.83% | 2.05% | 2.21% | 2.66% | 3.08% | 0.58% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, NUAG and NUBD 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.
NUBD has higher volatility (1.07%) compared to NUAG (1.02%). In terms of maximum drawdown, NUAG dropped -19.79% vs NUBD's -19.45%.
On 5-year performance, NUAG leads with 0.43% vs -0.10% for NUBD. On fees, NUBD is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NUAG has performed better with a 0.43% return vs -0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUBD is cheaper with a 0.15% expense ratio, compared with 0.19% for NUAG.
NUAG has the higher dividend yield at 4.50%, compared with 3.98% for NUBD.
NUAG tracks ICE BofA Enhanced Yield US Broad Bond, while NUBD tracks Bloomberg MSCI U.S. Aggregate ESG Select Index. Their fees differ too: 0.19% for NUAG and 0.15% for NUBD.
NUAG currently has the higher Sharpe Ratio (1.44 vs 1.07), 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.
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