NUDG vs. HDLB
NUDG (Nuveen Dividend Growth Fund ETF Class) and HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) are both exchange-traded funds - NUDG is a Dividend fund actively managed by Nuveen, while HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%). NUDG is actively managed, while HDLB is passively managed. Their 0.20 correlation means their historical movements had little consistent relationship. NUDG charges 0.61%/yr vs 1.65%/yr for HDLB.
Performance
NUDG vs. HDLB - Performance Comparison
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Returns By Period
NUDG
- 1D
- 0.67%
- 1M
- 3.12%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HDLB
- 1D
- 1.40%
- 1M
- 8.90%
- 6M
- 21.41%
- YTD
- 28.21%
- 1Y
- 25.12%
- 3Y*
- 29.82%
- 5Y*
- 14.68%
- 10Y*
- —
- ALL TIME*
- 6.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.23K | $62.92K | $56.58K | |
| $504.41 | $455.53 | $412.95K |
NUDG vs. HDLB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NUDG Nuveen Dividend Growth Fund ETF Class | 0.95% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 14.88% |
Correlation
The correlation between NUDG and HDLB is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | 0.20 |
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Return for Risk
NUDG vs. HDLB — Risk / Return Rank
NUDG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDLB
NUDG vs. HDLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth Fund ETF Class (NUDG) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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.
| NUDG | HDLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.56 | — |
| Martin ratioReturn relative to average drawdown | — | 3.36 | — |
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Drawdowns
NUDG vs. HDLB - Drawdown Comparison
The maximum NUDG drawdown since its inception was -2.59%, smaller than the maximum HDLB drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for NUDG and HDLB.
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Drawdown Indicators
| NUDG | HDLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -78.70% | +76.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.81% | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -27.06% | +26.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.52% | — |
Volatility
NUDG vs. HDLB - Volatility Comparison
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Volatility by Period
| NUDG | HDLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 28.48% | -18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.91% | 30.99% | -21.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 43.43% | -33.52% |
NUDG vs. HDLB - Expense Ratio Comparison
NUDG has a 0.61% expense ratio, which is lower than HDLB's 1.65% expense ratio.
Dividends
NUDG vs. HDLB - Dividend Comparison
NUDG's dividend yield for the trailing twelve months is around 0.26%, less than HDLB's 9.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 9.94% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
NUDG Nuveen Dividend Growth Fund ETF Class | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUDG and HDLB have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUDG is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUDG is cheaper with a 0.61% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 9.94%, compared with 0.26% for NUDG.
NUDG is categorized as Dividend, while HDLB is Leveraged Equities. They also come from different issuers: Nuveen and UBS. Their fees differ too: 0.61% for NUDG and 1.65% for HDLB.
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