NUBD vs. IBTM
NUBD (Nuveen ESG U.S. Aggregate Bond ETF) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both Intermediate Core Bond funds - NUBD tracks the Bloomberg MSCI U.S. Aggregate ESG Select Index while IBTM tracks the ICE 2032 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, NUBD returned 3.82%/yr vs 2.74%/yr for IBTM. Their correlation of 0.94 suggests significant overlap in exposure. NUBD charges 0.15%/yr vs 0.07%/yr for IBTM.
Performance
NUBD vs. IBTM - Performance Comparison
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Returns By Period
In the year-to-date period, NUBD achieves a 0.36% return, which is significantly higher than IBTM's -0.36% return.
NUBD
- 1D
- 0.16%
- 1M
- 0.30%
- YTD
- 0.36%
- 6M
- 0.43%
- 1Y
- 4.51%
- 3Y*
- 3.82%
- 5Y*
- -0.03%
- 10Y*
- —
IBTM
- 1D
- 0.13%
- 1M
- -0.11%
- YTD
- -0.36%
- 6M
- -0.38%
- 1Y
- 3.43%
- 3Y*
- 2.74%
- 5Y*
- —
- 10Y*
- —
NUBD vs. IBTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 0.36% | 6.75% | 1.31% | 5.42% | -2.86% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.36% | 8.06% | -0.14% | 3.48% | -4.63% |
Correlation
The correlation between NUBD and IBTM is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.94 |
The correlation between NUBD and IBTM has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
NUBD vs. IBTM — Risk / Return Rank
NUBD
IBTM
NUBD vs. IBTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG U.S. Aggregate Bond ETF (NUBD) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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.
| NUBD | IBTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.05 | +0.59 |
| Martin ratioReturn relative to average drawdown | 4.87 | 3.04 | +1.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUBD | IBTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.85 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.20 | +0.09 |
Drawdowns
NUBD vs. IBTM - Drawdown Comparison
The maximum NUBD drawdown since its inception was -19.45%, which is greater than IBTM's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for NUBD and IBTM.
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Drawdown Indicators
| NUBD | IBTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -13.60% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.26% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -7.86% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | — | — |
Current DrawdownCurrent decline from peak | -3.77% | -2.25% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -4.82% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.13% | -0.20% |
Volatility
NUBD vs. IBTM - Volatility Comparison
Nuveen ESG U.S. Aggregate Bond ETF (NUBD) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM) have volatilities of 1.22% and 1.20%, 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
| NUBD | IBTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.20% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.75% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 4.09% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 7.55% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 7.55% | -2.43% |
NUBD vs. IBTM - Expense Ratio Comparison
NUBD has a 0.15% expense ratio, which is higher than IBTM's 0.07% 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
NUBD vs. IBTM - Dividend Comparison
NUBD's dividend yield for the trailing twelve months is around 3.98%, which matches IBTM's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
With a correlation of 0.91, NUBD and IBTM 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 (1.22%) compared to IBTM (1.20%). In terms of maximum drawdown, NUBD dropped -19.45% vs IBTM's -13.60%.
On 3-year performance, NUBD leads with 3.82% vs 2.74% for IBTM. On fees, IBTM is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NUBD has performed better with a 3.82% return vs 2.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.15% for NUBD.
NUBD has the higher dividend yield at 3.98%, compared with 3.95% for IBTM.
NUBD tracks Bloomberg MSCI U.S. Aggregate ESG Select Index, while IBTM tracks ICE 2032 Maturity US Treasury Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.15% for NUBD and 0.07% for IBTM.
NUBD currently has the higher Sharpe Ratio (1.21 vs 0.85), 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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