NUHY vs. ^GSPC
Compare and contrast key facts about Nuveen ESG High Yield Corporate Bond ETF (NUHY) and S&P 500 (^GSPC).
NUHY is a passively managed fund by Nuveen that tracks the performance of the Bloomberg Barclays MSCI US Aggregate ESG Select Index. It was launched on Sep 25, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUHY or ^GSPC.
Key characteristics
| NUHY | ^GSPC | |
|---|---|---|
| YTD Return | 7.84% | 25.82% |
| 1Y Return | 14.41% | 35.92% |
| 3Y Return (Ann) | 2.09% | 8.67% |
| 5Y Return (Ann) | 2.89% | 14.22% |
| Sharpe Ratio | 3.01 | 3.08 |
| Sortino Ratio | 4.94 | 4.10 |
| Omega Ratio | 1.62 | 1.58 |
| Calmar Ratio | 1.90 | 4.48 |
| Martin Ratio | 23.01 | 20.05 |
| Ulcer Index | 0.66% | 1.90% |
| Daily Std Dev | 5.00% | 12.28% |
| Max Drawdown | -20.14% | -56.78% |
| Current Drawdown | -0.06% | 0.00% |
Correlation
The correlation between NUHY and ^GSPC is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NUHY vs. ^GSPC - Performance Comparison
In the year-to-date period, NUHY achieves a 7.84% return, which is significantly lower than ^GSPC's 25.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NUHY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) and S&P 500 (^GSPC). 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.
Drawdowns
NUHY vs. ^GSPC - Drawdown Comparison
The maximum NUHY drawdown since its inception was -20.14%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NUHY and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
NUHY vs. ^GSPC - Volatility Comparison
The current volatility for Nuveen ESG High Yield Corporate Bond ETF (NUHY) is 1.13%, while S&P 500 (^GSPC) has a volatility of 3.89%. This indicates that NUHY experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.