NUBD vs. NHYM
NUBD (Nuveen ESG U.S. Aggregate Bond ETF) and NHYM (Nuveen High Yield Municipal Income ETF) are both exchange-traded funds - NUBD is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Select Index, while NHYM is a High Yield Muni fund actively managed by Nuveen. NUBD is passively managed, while NHYM is actively managed. Over the past year, NUBD returned 2.25% vs 7.89% for NHYM. Their 0.61 correlation means they have sometimes moved together and sometimes differently. NUBD charges 0.15%/yr vs 0.35%/yr for NHYM.
Performance
NUBD vs. NHYM - Performance Comparison
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Returns By Period
In the year-to-date period, NUBD achieves a 0.05% return, which is significantly lower than NHYM's 2.12% return.
NUBD
- 1D
- 0.44%
- 1M
- -0.55%
- 6M
- -0.10%
- YTD
- 0.05%
- 1Y
- 2.25%
- 3Y*
- 4.04%
- 5Y*
- -0.41%
- 10Y*
- —
- ALL TIME*
- 1.43%
NHYM
- 1D
- 0.51%
- 1M
- -0.99%
- 6M
- 1.47%
- YTD
- 2.12%
- 1Y
- 7.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $327.14K | $416.01K | $631.35K | |
| $1.01M | $1.49M | $1.50M |
NUBD vs. NHYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 0.05% | 6.89% |
NHYM Nuveen High Yield Municipal Income ETF | 2.12% | 3.19% |
Correlation
The correlation between NUBD and NHYM is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025 | 0.61 |
The correlation between NUBD and NHYM has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.
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Return for Risk
NUBD vs. NHYM — Risk / Return Rank
NUBD
NHYM
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.
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.
| NUBD | NHYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.86 | -2.04 |
| Martin ratioReturn relative to average drawdown | 1.99 | 10.17 | -8.18 |
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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.
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Drawdown Indicators
| NUBD | NHYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -6.11% | -13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.77% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.76% | — | — |
Current DrawdownCurrent decline from peak | -4.07% | -1.13% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -1.60% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.78% | +0.35% |
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 1.18% and 1.14%, 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 | NHYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.14% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.77% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.02% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 5.69% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.69% | -0.59% |
NUBD vs. NHYM - Expense Ratio Comparison
NUBD has a 0.15% expense ratio, which is lower than NHYM's 0.35% expense ratio.
Dividends
NUBD vs. NHYM - Dividend Comparison
NUBD's dividend yield for the trailing twelve months is around 4.07%, less than NHYM's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NHYM Nuveen High Yield Municipal Income ETF | 4.60% | 4.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 4.07% | 3.90% | 3.51% | 2.99% | 2.83% | 2.05% | 2.21% | 2.66% | 3.08% | 0.58% |
Frequently Asked Questions
NUBD and NHYM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUBD has higher volatility (1.18%) compared to NHYM (1.14%). In terms of maximum drawdown, NUBD dropped -19.45% vs NHYM's -6.11%.
On 1-year performance, NHYM leads with 7.89% vs 2.25% 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 1-year period, NHYM has performed better with a 7.89% return vs 2.25%. 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 0.35% for NHYM.
NHYM has the higher dividend yield at 4.60%, compared with 4.07% for NUBD.
NUBD is categorized as Intermediate Core Bond, while NHYM is High Yield Muni. Their fees differ too: 0.15% for NUBD and 0.35% for NHYM.
NHYM currently has the higher Sharpe Ratio (1.97 vs 0.61), 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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