NUHY vs. SGOV
NUHY (Nuveen ESG High Yield Corporate Bond ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - NUHY is a High Yield Bonds fund tracking the Bloomberg Barclays MSCI US Aggregate ESG Select Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, NUHY returned 3.43%/yr vs 3.54%/yr for SGOV. At a correlation of -0.00, they often move in opposite directions. NUHY charges 0.30%/yr vs 0.09%/yr for SGOV.
Performance
NUHY vs. SGOV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NUHY having a 1.49% return and SGOV slightly higher at 1.52%.
NUHY
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 1.49%
- 6M
- 1.82%
- 1Y
- 6.51%
- 3Y*
- 8.51%
- 5Y*
- 3.43%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
NUHY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 1.49% | 9.12% | 7.26% | 11.18% | -11.80% | 2.46% | 9.48% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between NUHY and SGOV is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.00 |
The correlation between NUHY and SGOV shifts across timeframes, from -0.09 (1 year) to 0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NUHY vs. SGOV — Risk / Return Rank
NUHY
SGOV
NUHY vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.56 | ||
| Sortino ratioReturn per unit of downside risk | -273.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 195.55 | -194.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 398.20 | -395.92 |
| Martin ratioReturn relative to average drawdown | 10.16 | 4,462.00 | -4,451.84 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 20.28 | -18.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 14.74 | -14.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 12.49 | -12.06 |
Drawdowns
NUHY vs. SGOV - Drawdown Comparison
The maximum NUHY drawdown since its inception was -20.14%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for NUHY and SGOV.
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Drawdown Indicators
| NUHY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -0.03% | -20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -0.01% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -0.01% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | -0.03% | -16.89% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -0.00% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.00% | +0.64% |
Volatility
NUHY vs. SGOV - Volatility Comparison
Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a higher volatility of 1.35% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that NUHY's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUHY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.05% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 0.13% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 0.20% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.31% | 0.24% | +7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 0.24% | +8.27% |
NUHY vs. SGOV - Expense Ratio Comparison
NUHY has a 0.30% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
NUHY vs. SGOV - Dividend Comparison
NUHY's dividend yield for the trailing twelve months is around 6.63%, more than SGOV's 3.86% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
Frequently Asked Questions
NUHY and SGOV have a correlation of -0.09, 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 SGOV (0.05%). In terms of maximum drawdown, NUHY dropped -20.14% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.54% vs 3.43% for NUHY. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.54% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.30% for NUHY.
NUHY has the higher dividend yield at 6.63%, compared with 3.86% for SGOV.
NUHY is categorized as High Yield Bonds, while SGOV is Ultrashort Bond. NUHY tracks Bloomberg Barclays MSCI US Aggregate ESG Select Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.30% for NUHY and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 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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