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NUHY vs. PTBD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

NUHY vs. PTBD - Performance Comparison

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

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

NUHY vs. PTBD - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
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

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

NUHY
NUHY Risk / Return Rank: 5353
Overall Rank
NUHY Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
NUHY Sortino Ratio Rank: 5656
Sortino Ratio Rank
NUHY Omega Ratio Rank: 5555
Omega Ratio Rank
NUHY Calmar Ratio Rank: 4747
Calmar Ratio Rank
NUHY Martin Ratio Rank: 5858
Martin Ratio Rank

PTBD
PTBD Risk / Return Rank: 2626
Overall Rank
PTBD Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
PTBD Sortino Ratio Rank: 2525
Sortino Ratio Rank
PTBD Omega Ratio Rank: 2525
Omega Ratio Rank
PTBD Calmar Ratio Rank: 2424
Calmar Ratio Rank
PTBD Martin Ratio Rank: 3030
Martin Ratio Rank
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. 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.


NUHYPTBDDifference
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

NUHY vs. PTBD - Sharpe Ratio Comparison

The current NUHY Sharpe Ratio is 1.72, which is higher than the PTBD Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of NUHY and PTBD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


NUHYPTBDDifference

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


NUHYPTBDDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.12%

-8.96%

+8.84%

Average Drawdown

Average peak-to-trough decline

-3.53%

-10.16%

+6.63%

Ulcer Index

Depth 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


NUHYPTBDDifference

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.


PositionTTM2025202420232022202120202019
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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