NUBD vs. NDVG

Last updated Jun 4, 2026

NUBD (Nuveen ESG U.S. Aggregate Bond ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NUBD is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Select Index, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. NUBD is passively managed, while NDVG is actively managed. At a 0.18 correlation, their price movements are largely independent. NUBD charges 0.15%/yr vs 0.64%/yr for NDVG.

Performance

NUBD vs. NDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG U.S. Aggregate Bond ETF (NUBD) and Nuveen Dividend Growth ETF (NDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NUBD

• 1D: -0.18%
• 1M: 0.31%
• YTD: 0.20%
• 6M: 0.09%
• 1Y: 4.97%
• 3Y*: 3.77%
• 5Y*: -0.06%
• 10Y*: —

NDVG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUBD vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUBD Nuveen ESG U.S. Aggregate Bond ETF	0.20%	6.75%	1.31%	5.42%	-12.90%	-1.37%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	17.60%	15.15%	-9.55%	11.07%

Correlation

The correlation between NUBD and NDVG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.19

Return for Risk

NUBD vs. NDVG — Risk / Return Rank

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

NUBD

NUBD Risk / Return Rank: 36
NUBD Sharpe Ratio Rank: 36
NUBD Sortino Ratio Rank: 37
NUBD Omega Ratio Rank: 35
NUBD Calmar Ratio Rank: 37
NUBD Martin Ratio Rank: 35

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.

NUBD vs. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG U.S. Aggregate Bond ETF (NUBD) and Nuveen Dividend Growth ETF (NDVG). 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	NDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	5.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NUBD	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
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	—	—

Drawdowns

Drawdown Indicators

	NUBD	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-19.45%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	—	—
Current Drawdown Current decline from peak	-3.93%	—	—
Average Drawdown Average peak-to-trough decline	-6.05%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	NUBD	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	—	—

NUBD vs. NDVG - Expense Ratio Comparison

NUBD has a 0.15% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

NUBD vs. NDVG - Dividend Comparison

NUBD's dividend yield for the trailing twelve months is around 3.99%, less than NDVG's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%	0.00%	0.00%	0.00%	0.00%
NUBD Nuveen ESG U.S. Aggregate Bond ETF	3.99%	3.90%	3.51%	2.99%	2.83%	2.05%	2.21%	2.66%	3.08%	0.58%

Frequently Asked Questions

Can I hold both NUBD and NDVG in my portfolio?

NUBD and NDVG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUBD or NDVG?

On fees, NUBD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUBD or NDVG?

NUBD is cheaper with a 0.15% expense ratio, compared with 0.64% for NDVG.

Which ETF pays a higher dividend yield, NUBD or NDVG?

NDVG has the higher dividend yield at 4.41%, compared with 3.99% for NUBD.

What is the main difference between NUBD and NDVG?

NUBD is categorized as Intermediate Core Bond, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.15% for NUBD and 0.64% for NDVG.