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NUHY vs. USHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


NUHYUSHY
YTD Return7.38%8.44%
1Y Return14.16%14.46%
3Y Return (Ann)1.94%3.04%
5Y Return (Ann)2.81%4.40%
Sharpe Ratio2.783.23
Sortino Ratio4.545.16
Omega Ratio1.561.66
Calmar Ratio1.752.72
Martin Ratio21.2225.41
Ulcer Index0.66%0.56%
Daily Std Dev5.01%4.44%
Max Drawdown-20.14%-22.44%
Current Drawdown-0.48%-0.45%

Correlation

-0.50.00.51.00.8

The correlation between NUHY and USHY is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

NUHY vs. USHY - Performance Comparison

In the year-to-date period, NUHY achieves a 7.38% return, which is significantly lower than USHY's 8.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.48%
6.26%
NUHY
USHY

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NUHY vs. USHY - Expense Ratio Comparison

NUHY has a 0.30% expense ratio, which is higher than USHY's 0.15% expense ratio.


NUHY
Nuveen ESG High Yield Corporate Bond ETF
Expense ratio chart for NUHY: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
Expense ratio chart for USHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

NUHY vs. USHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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
Sharpe ratio
The chart of Sharpe ratio for NUHY, currently valued at 2.78, compared to the broader market-2.000.002.004.002.78
Sortino ratio
The chart of Sortino ratio for NUHY, currently valued at 4.54, compared to the broader market-2.000.002.004.006.008.0010.0012.004.54
Omega ratio
The chart of Omega ratio for NUHY, currently valued at 1.56, compared to the broader market1.001.502.002.503.001.56
Calmar ratio
The chart of Calmar ratio for NUHY, currently valued at 1.75, compared to the broader market0.005.0010.0015.001.75
Martin ratio
The chart of Martin ratio for NUHY, currently valued at 21.22, compared to the broader market0.0020.0040.0060.0080.00100.0021.22
USHY
Sharpe ratio
The chart of Sharpe ratio for USHY, currently valued at 3.23, compared to the broader market-2.000.002.004.003.23
Sortino ratio
The chart of Sortino ratio for USHY, currently valued at 5.16, compared to the broader market-2.000.002.004.006.008.0010.0012.005.16
Omega ratio
The chart of Omega ratio for USHY, currently valued at 1.66, compared to the broader market1.001.502.002.503.001.66
Calmar ratio
The chart of Calmar ratio for USHY, currently valued at 2.72, compared to the broader market0.005.0010.0015.002.72
Martin ratio
The chart of Martin ratio for USHY, currently valued at 25.41, compared to the broader market0.0020.0040.0060.0080.00100.0025.41

NUHY vs. USHY - Sharpe Ratio Comparison

The current NUHY Sharpe Ratio is 2.78, which is comparable to the USHY Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of NUHY and USHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.78
3.23
NUHY
USHY

Dividends

NUHY vs. USHY - Dividend Comparison

NUHY's dividend yield for the trailing twelve months is around 6.65%, which matches USHY's 6.68% yield.


TTM2023202220212020201920182017
NUHY
Nuveen ESG High Yield Corporate Bond ETF
6.65%6.65%6.36%4.88%5.11%1.37%0.00%0.00%
USHY
iShares Broad USD High Yield Corporate Bond ETF
6.68%6.62%6.08%5.07%5.31%5.91%6.30%0.73%

Drawdowns

NUHY vs. USHY - Drawdown Comparison

The maximum NUHY drawdown since its inception was -20.14%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for NUHY and USHY. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.48%
-0.45%
NUHY
USHY

Volatility

NUHY vs. USHY - Volatility Comparison

Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a higher volatility of 1.22% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.06%. This indicates that NUHY's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.80%1.00%1.20%1.40%1.60%1.80%JuneJulyAugustSeptemberOctoberNovember
1.22%
1.06%
NUHY
USHY