NUBD vs. NUGO
NUBD (Nuveen ESG U.S. Aggregate Bond ETF) and NUGO (Nuveen Growth Opportunities ETF) are both exchange-traded funds - NUBD is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Select Index, while NUGO is a Large Cap Growth Equities fund actively managed by Nuveen. NUBD is passively managed, while NUGO is actively managed. Over the past 3 years, NUBD returned 4.04%/yr vs 24.37%/yr for NUGO. Their 0.15 correlation means their historical movements had little consistent relationship. NUBD charges 0.15%/yr vs 0.56%/yr for NUGO.
Performance
NUBD vs. NUGO - 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 NUGO's 10.84% 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%
NUGO
- 1D
- 2.63%
- 1M
- 3.89%
- 6M
- 14.21%
- YTD
- 10.84%
- 1Y
- 17.65%
- 3Y*
- 24.37%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $1.49M | $1.50M | |
| $5.53M | $5.65M | $6.63M |
NUBD vs. NUGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 0.05% | 6.75% | 1.31% | 5.42% | -12.90% | -0.41% |
NUGO Nuveen Growth Opportunities ETF | 10.84% | 14.91% | 35.95% | 45.37% | -32.73% | 7.09% |
Correlation
The correlation between NUBD and NUGO is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.15 |
The correlation between NUBD and NUGO shifts across timeframes, from 0.12 (3 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NUBD vs. NUGO — Risk / Return Rank
NUBD
NUGO
NUBD vs. NUGO - 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 Growth Opportunities ETF (NUGO). 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 | NUGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.16 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.01 | -0.19 |
| Martin ratioReturn relative to average drawdown | 1.99 | 3.08 | -1.09 |
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Drawdowns
NUBD vs. NUGO - Drawdown Comparison
The maximum NUBD drawdown since its inception was -19.45%, smaller than the maximum NUGO drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for NUBD and NUGO.
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Drawdown Indicators
| NUBD | NUGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -38.01% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -17.54% | +14.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.95% | -25.12% | +20.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.76% | — | — |
Current DrawdownCurrent decline from peak | -4.07% | -0.85% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -11.79% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 5.74% | -4.61% |
Volatility
NUBD vs. NUGO - Volatility Comparison
The current volatility for Nuveen ESG U.S. Aggregate Bond ETF (NUBD) is 1.18%, while Nuveen Growth Opportunities ETF (NUGO) has a volatility of 7.34%. This indicates that NUBD experiences smaller price fluctuations and is considered to be less risky than NUGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUBD | NUGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 7.34% | -6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 16.22% | -13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 20.25% | -16.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 23.27% | -17.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 23.27% | -18.17% |
NUBD vs. NUGO - Expense Ratio Comparison
NUBD has a 0.15% expense ratio, which is lower than NUGO's 0.56% expense ratio.
Dividends
NUBD vs. NUGO - Dividend Comparison
NUBD's dividend yield for the trailing twelve months is around 4.07%, while NUGO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NUGO Nuveen Growth Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.19% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUBD and NUGO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUGO has higher volatility (7.34%) compared to NUBD (1.18%). In terms of maximum drawdown, NUBD dropped -19.45% vs NUGO's -38.01%.
On 3-year performance, NUGO leads with 24.37% vs 4.04% for NUBD. On fees, NUBD is cheaper at 0.15% per year. On volatility, NUBD has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NUGO has performed better with a 24.37% return vs 4.04%. 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 0.56% for NUGO.
NUBD has the higher dividend yield at 4.07%, compared with 0.00% for NUGO.
NUBD is categorized as Intermediate Core Bond, while NUGO is Large Cap Growth Equities. Their fees differ too: 0.15% for NUBD and 0.56% for NUGO.
NUGO currently has the higher Sharpe Ratio (0.88 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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