NUHY vs. PTBD
NUHY (Nuveen ESG High Yield Corporate Bond ETF) and PTBD (Pacer Trendpilot US Bond ETF) are both High Yield Bonds funds - NUHY tracks the Bloomberg Barclays MSCI US Aggregate ESG Select Index while PTBD tracks the Pacer Trendpilot US Bond Index. Both are passively managed. Over the past 5 years, NUHY returned 3.43%/yr vs -1.56%/yr for PTBD. A 0.62 correlation means they provide meaningful diversification when combined. NUHY charges 0.30%/yr vs 0.60%/yr for PTBD.
Performance
NUHY vs. PTBD - Performance Comparison
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Returns By Period
In the year-to-date period, NUHY achieves a 1.49% return, which is significantly higher than PTBD's 0.89% return.
NUHY
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 1.49%
- 6M
- 1.82%
- 1Y
- 6.51%
- 3Y*
- 8.51%
- 5Y*
- 3.43%
- 10Y*
- —
PTBD
- 1D
- 0.10%
- 1M
- 0.42%
- YTD
- 0.89%
- 6M
- 0.97%
- 1Y
- 3.46%
- 3Y*
- 5.04%
- 5Y*
- -1.56%
- 10Y*
- —
NUHY vs. PTBD - 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% | 1.66% |
PTBD Pacer Trendpilot US Bond ETF | 0.89% | 2.49% | 4.24% | 8.84% | -20.88% | 0.47% | 10.62% | 2.49% |
Correlation
The correlation between NUHY and PTBD is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019 | 0.62 |
The correlation between NUHY and PTBD shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NUHY vs. PTBD — Risk / Return Rank
NUHY
PTBD
NUHY vs. PTBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) and Pacer Trendpilot US Bond ETF (PTBD). 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 | PTBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.11 | +1.17 |
| Martin ratioReturn relative to average drawdown | 10.16 | 4.22 | +5.94 |
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 | PTBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 0.93 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | -0.22 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.11 | +0.32 |
Drawdowns
NUHY vs. PTBD - Drawdown Comparison
The maximum NUHY drawdown since its inception was -20.14%, smaller than the maximum PTBD drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for NUHY and PTBD.
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Drawdown Indicators
| NUHY | PTBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -26.00% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.12% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -3.82% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | -26.00% | +9.08% |
Current DrawdownCurrent decline from peak | -0.12% | -8.96% | +8.84% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -10.16% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.82% | -0.18% |
Volatility
NUHY vs. PTBD - Volatility Comparison
Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a higher volatility of 1.35% compared to Pacer Trendpilot US Bond ETF (PTBD) at 1.24%. This indicates that NUHY's price experiences larger fluctuations and is considered to be riskier than PTBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUHY | PTBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.24% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.83% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.72% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.31% | 7.25% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 7.80% | +0.71% |
NUHY vs. PTBD - Expense Ratio Comparison
NUHY has a 0.30% expense ratio, which is lower than PTBD's 0.60% expense ratio.
Dividends
NUHY vs. PTBD - Dividend Comparison
NUHY's dividend yield for the trailing twelve months is around 6.63%, more than PTBD's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.63% | 6.51% | 6.59% | 6.64% | 6.36% | 4.88% | 5.10% | 1.37% |
PTBD Pacer Trendpilot US Bond ETF | 5.88% | 5.62% | 6.56% | 6.55% | 6.14% | 2.70% | 2.50% | 0.62% |
Frequently Asked Questions
NUHY and PTBD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUHY has higher volatility (1.35%) compared to PTBD (1.24%). In terms of maximum drawdown, NUHY dropped -20.14% vs PTBD's -26.00%.
On 5-year performance, NUHY leads with 3.43% vs -1.56% for PTBD. On fees, NUHY is cheaper at 0.30% per year. On volatility, PTBD has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NUHY has performed better with a 3.43% return vs -1.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUHY is cheaper with a 0.30% expense ratio, compared with 0.60% for PTBD.
NUHY has the higher dividend yield at 6.63%, compared with 5.88% for PTBD.
NUHY tracks Bloomberg Barclays MSCI US Aggregate ESG Select Index, while PTBD tracks Pacer Trendpilot US Bond Index. They also come from different issuers: Nuveen and Pacer. Their fees differ too: 0.30% for NUHY and 0.60% for PTBD.
NUHY currently has the higher Sharpe Ratio (1.72 vs 0.93), 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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