NUBD vs. NHYM

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen ESG U.S. Aggregate Bond ETF (NUBD) and Nuveen High Yield Municipal Income ETF (NHYM).

NUBD and NHYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUBD is a passively managed fund by Nuveen that tracks the performance of the Bloomberg MSCI U.S. Aggregate ESG Select Index. It was launched on Sep 29, 2017. NHYM is an actively managed fund by Nuveen. It was launched on Jan 22, 2025.

Performance

NUBD vs. NHYM - 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 High Yield Municipal Income ETF (NHYM). The values are adjusted to include any dividend payments, if applicable.

NUBD vs. NHYM - Yearly Performance Comparison

	2026 (YTD)	2025
NUBD Nuveen ESG U.S. Aggregate Bond ETF	-0.04%	7.09%
NHYM Nuveen High Yield Municipal Income ETF	0.27%	3.25%

Returns By Period

In the year-to-date period, NUBD achieves a -0.04% return, which is significantly lower than NHYM's 0.27% return.

NUBD

• 1D: 0.23%
• 1M: -1.84%
• YTD: -0.04%
• 6M: 0.85%
• 1Y: 4.10%
• 3Y*: 3.39%
• 5Y*: 0.04%
• 10Y*: —

NHYM

• 1D: 0.57%
• 1M: -2.08%
• YTD: 0.27%
• 6M: 2.40%
• 1Y: 3.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUBD vs. NHYM - Expense Ratio Comparison

NUBD has a 0.15% expense ratio, which is lower than NHYM's 0.35% expense ratio.

NHYM

Nuveen High Yield Municipal Income ETF

NUBD

Nuveen ESG U.S. Aggregate Bond ETF

Return for Risk

NUBD vs. NHYM — Risk / Return Rank

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

NUBD

NUBD Risk / Return Rank: 55
NUBD Sharpe Ratio Rank: 57
NUBD Sortino Ratio Rank: 55
NUBD Omega Ratio Rank: 46
NUBD Calmar Ratio Rank: 69
NUBD Martin Ratio Rank: 50

NHYM

NHYM Risk / Return Rank: 25
NHYM Sharpe Ratio Rank: 26
NHYM Sortino Ratio Rank: 22
NHYM Omega Ratio Rank: 26
NHYM Calmar Ratio Rank: 28
NHYM Martin Ratio Rank: 23

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. NHYM - 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 High Yield Municipal Income ETF (NHYM). 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	NHYM	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.49	+0.51
Sortino ratio Return per unit of downside risk	1.42	0.66	+0.77
Omega ratio Gain probability vs. loss probability	1.18	1.11	+0.06
Calmar ratio Return relative to maximum drawdown	1.74	0.69	+1.05
Martin ratio Return relative to average drawdown	4.74	1.56	+3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUBD vs. NHYM - Sharpe Ratio Comparison

The current NUBD Sharpe Ratio is 1.00, which is higher than the NHYM Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of NUBD and NHYM, 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

	NUBD	NHYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.49	+0.51
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	0.48	-0.20

Correlation

The correlation between NUBD and NHYM is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NUBD vs. NHYM - Dividend Comparison

NUBD's dividend yield for the trailing twelve months is around 3.92%, less than NHYM's 4.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUBD Nuveen ESG U.S. Aggregate Bond ETF	3.58%	3.90%	3.51%	2.99%	2.83%	2.05%	2.21%	2.66%	3.08%	0.58%
NHYM Nuveen High Yield Municipal Income ETF	4.21%	4.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NUBD vs. NHYM - Drawdown Comparison

The maximum NUBD drawdown since its inception was -19.45%, which is greater than NHYM's maximum drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for NUBD and NHYM.

Drawdown Indicators

	NUBD	NHYM	Difference
Max Drawdown Largest peak-to-trough decline	-19.45%	-6.11%	-13.34%
Max Drawdown (1Y) Largest decline over 1 year	-2.50%	-5.52%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	—	—
Current Drawdown Current decline from peak	-4.16%	-2.08%	-2.08%
Average Drawdown Average peak-to-trough decline	-6.10%	-1.89%	-4.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	2.44%	-1.52%

Volatility

NUBD vs. NHYM - Volatility Comparison

Nuveen ESG U.S. Aggregate Bond ETF (NUBD) and Nuveen High Yield Municipal Income ETF (NHYM) have volatilities of 1.59% and 1.62%, 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.

Volatility by Period

	NUBD	NHYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	1.62%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.49%	2.67%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	6.38%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.98%	6.19%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.14%	6.19%	-1.05%