NUHY vs. NUDV

Last updated Jun 5, 2026

NUHY (Nuveen ESG High Yield Corporate Bond ETF) and NUDV (Nuveen ESG Dividend ETF) are both exchange-traded funds - NUHY is a High Yield Bonds fund tracking the Bloomberg Barclays MSCI US Aggregate ESG Select Index, while NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index. Both are passively managed. Over the past 3 years, NUHY returned 8.51%/yr vs 16.47%/yr for NUDV. A 0.63 correlation means they provide meaningful diversification when combined. NUHY charges 0.30%/yr vs 0.26%/yr for NUDV.

Performance

NUHY vs. NUDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG High Yield Corporate Bond ETF (NUHY) and Nuveen ESG Dividend ETF (NUDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUHY achieves a 1.49% return, which is significantly lower than NUDV's 10.69% return.

NUHY

• 1D: 0.14%
• 1M: 0.75%
• YTD: 1.49%
• 6M: 1.82%
• 1Y: 6.51%
• 3Y*: 8.51%
• 5Y*: 3.43%
• 10Y*: —

NUDV

• 1D: 0.97%
• 1M: 2.25%
• YTD: 10.69%
• 6M: 11.20%
• 1Y: 20.12%
• 3Y*: 16.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NUHY vs. NUDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUHY Nuveen ESG High Yield Corporate Bond ETF	1.49%	9.12%	7.26%	11.18%	-11.80%	0.59%
NUDV Nuveen ESG Dividend ETF	10.69%	10.77%	14.02%	10.13%	-7.83%	8.92%

Correlation

The correlation between NUHY and NUDV is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021	0.63

The correlation between NUHY and NUDV has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

Return for Risk

NUHY vs. NUDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUHY

NUHY Risk / Return Rank: 53
NUHY Sharpe Ratio Rank: 51
NUHY Sortino Ratio Rank: 56
NUHY Omega Ratio Rank: 55
NUHY Calmar Ratio Rank: 47
NUHY Martin Ratio Rank: 58

NUDV

NUDV Risk / Return Rank: 60
NUDV Sharpe Ratio Rank: 59
NUDV Sortino Ratio Rank: 62
NUDV Omega Ratio Rank: 56
NUDV Calmar Ratio Rank: 63
NUDV Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUHY vs. NUDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) and Nuveen ESG Dividend ETF (NUDV). 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.

	NUHY	NUDV	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.95	-0.23
Sortino ratio: Return per unit of downside risk	2.64	2.85	-0.21
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.28	3.06	-0.78
Martin ratio: Return relative to average drawdown	10.16	10.88	-0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUHY vs. NUDV - Sharpe Ratio Comparison

The current NUHY Sharpe Ratio is 1.72, which is comparable to the NUDV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of NUHY and NUDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NUHY	NUDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.95	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.65	-0.22

Drawdowns

NUHY vs. NUDV - Drawdown Comparison

The maximum NUHY drawdown since its inception was -20.14%, roughly equal to the maximum NUDV drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for NUHY and NUDV.

Drawdown Indicators

	NUHY	NUDV	Difference
Max Drawdown Largest peak-to-trough decline	-20.14%	-20.10%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-6.60%	+3.73%
Max Drawdown (3Y) Largest decline over 3 years	-4.68%	-16.48%	+11.80%
Max Drawdown (5Y) Largest decline over 5 years	-16.92%	—	—
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.53%	-4.92%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	1.85%	-1.21%

Volatility

NUHY vs. NUDV - Volatility Comparison

The current volatility for Nuveen ESG High Yield Corporate Bond ETF (NUHY) is 1.35%, while Nuveen ESG Dividend ETF (NUDV) has a volatility of 2.85%. This indicates that NUHY experiences smaller price fluctuations and is considered to be less risky than NUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUHY	NUDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	2.85%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	3.04%	7.49%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	10.37%	-6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.31%	14.97%	-7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.51%	14.97%	-6.46%

NUHY vs. NUDV - Expense Ratio Comparison

NUHY has a 0.30% expense ratio, which is higher than NUDV's 0.26% expense ratio.

Dividends

NUHY vs. NUDV - Dividend Comparison

NUHY's dividend yield for the trailing twelve months is around 6.63%, more than NUDV's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NUDV Nuveen ESG Dividend ETF	2.25%	2.36%	6.18%	2.48%	2.96%	0.60%	0.00%	0.00%
NUHY Nuveen ESG High Yield Corporate Bond ETF	6.63%	6.51%	6.59%	6.64%	6.36%	4.88%	5.10%	1.37%

Frequently Asked Questions

Can I hold both NUHY and NUDV in my portfolio?

NUHY and NUDV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUHY or NUDV?

NUDV has higher volatility (2.85%) compared to NUHY (1.35%). In terms of maximum drawdown, NUHY dropped -20.14% vs NUDV's -20.10%.

Which ETF is better, NUHY or NUDV?

On 3-year performance, NUDV leads with 16.47% vs 8.51% for NUHY. On fees, NUDV is cheaper at 0.26% per year. On volatility, NUHY has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUHY or NUDV?

Over the 3-year period, NUDV has performed better with a 16.47% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUHY or NUDV?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.30% for NUHY.

Which ETF pays a higher dividend yield, NUHY or NUDV?

NUHY has the higher dividend yield at 6.63%, compared with 2.25% for NUDV.

What is the main difference between NUHY and NUDV?

NUHY is categorized as High Yield Bonds, while NUDV is Large Cap Value Equities. NUHY tracks Bloomberg Barclays MSCI US Aggregate ESG Select Index, while NUDV tracks Nuveen ESG USA High Dividend Yield Index. Their fees differ too: 0.30% for NUHY and 0.26% for NUDV.

Which has better risk-adjusted returns?

NUDV currently has the higher Sharpe Ratio (1.95 vs 1.72), 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.