NUHY vs. NULV
NUHY (Nuveen ESG High Yield Corporate Bond ETF) and NULV (Nuveen ESG Large-Cap Value ETF) are both exchange-traded funds - NUHY is a High Yield Bonds fund tracking the Bloomberg Barclays MSCI US Aggregate ESG Select Index, while NULV is a Large Cap Value Equities fund tracking the MSCI TIAA ESG USA Large Cap Value. Both are passively managed. Over the past 5 years, NUHY returned 3.43%/yr vs 8.68%/yr for NULV. A 0.63 correlation means they provide meaningful diversification when combined. NUHY charges 0.30%/yr vs 0.26%/yr for NULV.
Performance
NUHY vs. NULV - Performance Comparison
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Returns By Period
In the year-to-date period, NUHY achieves a 1.49% return, which is significantly lower than NULV's 13.87% return.
NUHY
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 1.49%
- 6M
- 1.82%
- 1Y
- 6.51%
- 3Y*
- 8.51%
- 5Y*
- 3.43%
- 10Y*
- —
NULV
- 1D
- 0.92%
- 1M
- 2.54%
- YTD
- 13.87%
- 6M
- 14.07%
- 1Y
- 28.31%
- 3Y*
- 17.85%
- 5Y*
- 8.68%
- 10Y*
- —
NUHY vs. NULV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 1.49% | 9.12% | 7.26% | 11.18% | -11.80% | 2.46% | 4.14% | 2.21% |
NULV Nuveen ESG Large-Cap Value ETF | 13.87% | 16.31% | 11.88% | 7.60% | -10.09% | 23.46% | 1.87% | 6.95% |
Correlation
The correlation between NUHY and NULV is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.63 |
The correlation between NUHY and NULV has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
NUHY vs. NULV — Risk / Return Rank
NUHY
NULV
NUHY vs. NULV - 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 Large-Cap Value ETF (NULV). 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 | NULV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.48 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.91 | -1.62 |
| Martin ratioReturn relative to average drawdown | 10.16 | 16.42 | -6.26 |
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
| NUHY | NULV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.66 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.61 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.61 | -0.18 |
Drawdowns
NUHY vs. NULV - Drawdown Comparison
The maximum NUHY drawdown since its inception was -20.14%, smaller than the maximum NULV drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for NUHY and NULV.
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Drawdown Indicators
| NUHY | NULV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -36.99% | +16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -7.28% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -15.07% | +10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | -21.47% | +4.55% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -4.97% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.73% | -1.09% |
Volatility
NUHY vs. NULV - Volatility Comparison
The current volatility for Nuveen ESG High Yield Corporate Bond ETF (NUHY) is 1.35%, while Nuveen ESG Large-Cap Value ETF (NULV) has a volatility of 2.52%. This indicates that NUHY experiences smaller price fluctuations and is considered to be less risky than NULV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUHY | NULV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 2.52% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 7.98% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 10.68% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.31% | 14.33% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 17.02% | -8.51% |
NUHY vs. NULV - Expense Ratio Comparison
NUHY has a 0.30% expense ratio, which is higher than NULV's 0.26% expense ratio.
Dividends
NUHY vs. NULV - Dividend Comparison
NUHY's dividend yield for the trailing twelve months is around 6.63%, more than NULV's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.63% | 6.51% | 6.59% | 6.64% | 6.36% | 4.88% | 5.10% | 1.37% | 0.00% | 0.00% |
NULV Nuveen ESG Large-Cap Value ETF | 1.44% | 1.64% | 2.09% | 2.55% | 2.12% | 4.52% | 1.42% | 1.47% | 3.73% | 1.22% |
Frequently Asked Questions
NUHY and NULV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NULV has higher volatility (2.52%) compared to NUHY (1.35%). In terms of maximum drawdown, NUHY dropped -20.14% vs NULV's -36.99%.
On 5-year performance, NULV leads with 8.68% vs 3.43% for NUHY. On fees, NULV 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.
Over the 5-year period, NULV has performed better with a 8.68% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NULV is cheaper with a 0.26% expense ratio, compared with 0.30% for NUHY.
NUHY has the higher dividend yield at 6.63%, compared with 1.44% for NULV.
NUHY is categorized as High Yield Bonds, while NULV is Large Cap Value Equities. NUHY tracks Bloomberg Barclays MSCI US Aggregate ESG Select Index, while NULV tracks MSCI TIAA ESG USA Large Cap Value. Their fees differ too: 0.30% for NUHY and 0.26% for NULV.
NULV currently has the higher Sharpe Ratio (2.66 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.
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