NUDV vs. DIVB
NUDV (Nuveen ESG Dividend ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 3 years, NUDV returned 14.88%/yr vs 21.77%/yr for DIVB. Their correlation of 0.95 suggests significant overlap in exposure. NUDV charges 0.26%/yr vs 0.05%/yr for DIVB.
Performance
NUDV vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, NUDV achieves a 12.61% return, which is significantly lower than DIVB's 22.13% return.
NUDV
- 1D
- 0.92%
- 1M
- 1.00%
- 6M
- 8.14%
- YTD
- 12.61%
- 1Y
- 20.39%
- 3Y*
- 14.88%
- 5Y*
- —
- 10Y*
- —
DIVB
- 1D
- 2.12%
- 1M
- 3.84%
- 6M
- 18.62%
- YTD
- 22.13%
- 1Y
- 30.52%
- 3Y*
- 21.77%
- 5Y*
- 13.09%
- 10Y*
- —
NUDV vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NUDV Nuveen ESG Dividend ETF | 12.61% | 10.77% | 14.02% | 10.13% | -7.83% | 8.35% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 6.85% |
Correlation
The correlation between NUDV and DIVB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.95 |
The correlation between NUDV and DIVB has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
NUDV vs. DIVB — Risk / Return Rank
NUDV
DIVB
NUDV vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and iShares Core Dividend ETF (DIVB). 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.
| NUDV | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.49 | -1.39 |
| Martin ratioReturn relative to average drawdown | 11.10 | 15.05 | -3.96 |
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Drawdowns
NUDV vs. DIVB - Drawdown Comparison
The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for NUDV and DIVB.
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Drawdown Indicators
| NUDV | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -36.93% | +16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -6.82% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -15.45% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -4.94% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.03% | -0.19% |
Volatility
NUDV vs. DIVB - Volatility Comparison
The current volatility for Nuveen ESG Dividend ETF (NUDV) is 2.91%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.76%. This indicates that NUDV experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUDV | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 4.76% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 9.50% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 12.16% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 15.35% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 18.35% | -3.48% |
NUDV vs. DIVB - Expense Ratio Comparison
NUDV has a 0.26% expense ratio, which is higher than DIVB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NUDV vs. DIVB - Dividend Comparison
NUDV's dividend yield for the trailing twelve months is around 2.28%, more than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
NUDV Nuveen ESG Dividend ETF | 2.28% | 2.36% | 6.18% | 2.48% | 2.96% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUDV and DIVB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.76%) compared to NUDV (2.91%). In terms of maximum drawdown, NUDV dropped -20.10% vs DIVB's -36.93%.
On 3-year performance, DIVB leads with 21.77% vs 14.88% for NUDV. On fees, DIVB is cheaper at 0.05% per year. On volatility, NUDV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIVB has performed better with a 21.77% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.26% for NUDV.
NUDV has the higher dividend yield at 2.28%, compared with 2.17% for DIVB.
NUDV is categorized as Large Cap Value Equities, while DIVB is Dividend. NUDV tracks Nuveen ESG USA High Dividend Yield Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.26% for NUDV and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.52 vs 1.98), 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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