NUBD vs. NUDM
NUBD (Nuveen ESG U.S. Aggregate Bond ETF) and NUDM (Nuveen ESG International Developed Markets Equity ETF) are both exchange-traded funds - NUBD is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Select Index, while NUDM is a Foreign Large Cap Equities fund tracking the MSCI TIAA ESG International DM. Both are passively managed. Over the past 5 years, NUBD returned -0.06%/yr vs 7.98%/yr for NUDM. At a 0.12 correlation, their price movements are largely independent. NUBD charges 0.15%/yr vs 0.30%/yr for NUDM.
Performance
NUBD vs. NUDM - Performance Comparison
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Returns By Period
In the year-to-date period, NUBD achieves a 0.20% return, which is significantly lower than NUDM's 7.90% return.
NUBD
- 1D
- -0.18%
- 1M
- 0.31%
- YTD
- 0.20%
- 6M
- 0.09%
- 1Y
- 4.97%
- 3Y*
- 3.77%
- 5Y*
- -0.06%
- 10Y*
- —
NUDM
- 1D
- -0.62%
- 1M
- 4.14%
- YTD
- 7.90%
- 6M
- 9.70%
- 1Y
- 21.49%
- 3Y*
- 16.01%
- 5Y*
- 7.98%
- 10Y*
- —
NUBD vs. NUDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 0.20% | 6.75% | 1.31% | 5.42% | -12.90% | -2.19% | 7.17% | 8.22% | 0.32% | 0.26% |
NUDM Nuveen ESG International Developed Markets Equity ETF | 7.90% | 29.60% | 5.47% | 17.70% | -15.16% | 10.62% | 10.06% | 24.58% | -14.82% | 3.39% |
Correlation
The correlation between NUBD and NUDM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017 | 0.12 |
Over the past year, NUBD and NUDM have become more correlated (0.40) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
NUBD vs. NUDM — Risk / Return Rank
NUBD
NUDM
NUBD vs. NUDM - 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 ESG International Developed Markets Equity ETF (NUDM). 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 | NUDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.73 | +0.08 |
| Martin ratioReturn relative to average drawdown | 5.38 | 6.46 | -1.08 |
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 | NUDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.37 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.48 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.48 | -0.19 |
Drawdowns
NUBD vs. NUDM - Drawdown Comparison
The maximum NUBD drawdown since its inception was -19.45%, smaller than the maximum NUDM drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for NUBD and NUDM.
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Drawdown Indicators
| NUBD | NUDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -32.01% | +12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -12.50% | +9.74% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -13.47% | +7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -30.09% | +12.19% |
Current DrawdownCurrent decline from peak | -3.93% | -1.71% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -6.86% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 3.34% | -2.41% |
Volatility
NUBD vs. NUDM - Volatility Comparison
The current volatility for Nuveen ESG U.S. Aggregate Bond ETF (NUBD) is 1.23%, while Nuveen ESG International Developed Markets Equity ETF (NUDM) has a volatility of 5.22%. This indicates that NUBD experiences smaller price fluctuations and is considered to be less risky than NUDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUBD | NUDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 5.22% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 13.03% | -10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 15.74% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 16.64% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 17.59% | -12.47% |
NUBD vs. NUDM - Expense Ratio Comparison
NUBD has a 0.15% expense ratio, which is lower than NUDM's 0.30% expense ratio.
Dividends
NUBD vs. NUDM - Dividend Comparison
NUBD's dividend yield for the trailing twelve months is around 3.99%, less than NUDM's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NUDM Nuveen ESG International Developed Markets Equity ETF | 6.92% | 7.46% | 3.33% | 3.14% | 1.98% | 4.31% | 1.47% | 3.42% | 2.45% | 0.47% |
Frequently Asked Questions
NUBD and NUDM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUDM has higher volatility (5.22%) compared to NUBD (1.23%). In terms of maximum drawdown, NUBD dropped -19.45% vs NUDM's -32.01%.
On 5-year performance, NUDM leads with 7.98% vs -0.06% for NUBD. On fees, NUBD is cheaper at 0.15% per year. On volatility, NUBD has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NUDM has performed better with a 7.98% return vs -0.06%. 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 0.30% for NUDM.
NUDM has the higher dividend yield at 6.92%, compared with 3.99% for NUBD.
NUBD is categorized as Intermediate Core Bond, while NUDM is Foreign Large Cap Equities. NUBD tracks Bloomberg MSCI U.S. Aggregate ESG Select Index, while NUDM tracks MSCI TIAA ESG International DM. Their fees differ too: 0.15% for NUBD and 0.30% for NUDM.
NUDM currently has the higher Sharpe Ratio (1.37 vs 1.32), 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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