NUMV vs. NHYB

Last updated Jun 24, 2026

NUMV (Nuveen ESG Mid-Cap Value ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both exchange-traded funds - NUMV is a Mid Cap Value Equities fund tracking the TIAA ESG USA Mid-Cap Value Index, while NHYB is a High Yield Bonds fund tracking the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. NUMV charges 0.31%/yr vs 0.08%/yr for NHYB.

Performance

NUMV vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Mid-Cap Value ETF (NUMV) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUMV achieves a 9.23% return, which is significantly higher than NHYB's 1.91% return.

NUMV

• 1D: 0.19%
• 1M: 1.40%
• YTD: 9.23%
• 6M: 8.54%
• 1Y: 21.81%
• 3Y*: 16.61%
• 5Y*: 7.06%
• 10Y*: —

NHYB

• 1D: -0.04%
• 1M: 0.52%
• YTD: 1.91%
• 6M: 1.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUMV vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
NUMV Nuveen ESG Mid-Cap Value ETF	9.23%	3.17%
NHYB Nuveen High Yield Corporate Bond ETF	1.91%	1.24%

Correlation

The correlation between NUMV and NHYB is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.63

Return for Risk

NUMV vs. NHYB — Risk / Return Rank

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

NUMV

NUMV Risk / Return Rank: 55
NUMV Sharpe Ratio Rank: 55
NUMV Sortino Ratio Rank: 57
NUMV Omega Ratio Rank: 50
NUMV Calmar Ratio Rank: 55
NUMV Martin Ratio Rank: 58

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NUMV vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Value ETF (NUMV) and Nuveen High Yield Corporate Bond ETF (NHYB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NUMV	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	9.49	—	—

Drawdowns

NUMV vs. NHYB - Drawdown Comparison

The maximum NUMV drawdown since its inception was -43.46%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for NUMV and NHYB.

Drawdown Indicators

	NUMV	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-2.40%	-41.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	—	—
Current Drawdown Current decline from peak	-1.69%	-0.20%	-1.49%
Average Drawdown Average peak-to-trough decline	-6.85%	-0.36%	-6.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	—	—

Volatility

Volatility by Period

	NUMV	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	3.64%	+8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	3.64%	+13.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	3.64%	+16.09%

NUMV vs. NHYB - Expense Ratio Comparison

NUMV has a 0.31% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

NUMV vs. NHYB - Dividend Comparison

NUMV's dividend yield for the trailing twelve months is around 1.40%, less than NHYB's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NHYB Nuveen High Yield Corporate Bond ETF	4.25%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUMV Nuveen ESG Mid-Cap Value ETF	1.40%	1.53%	1.81%	2.20%	5.78%	6.62%	1.38%	2.40%	4.01%	0.83%

Frequently Asked Questions

Can I hold both NUMV and NHYB in my portfolio?

NUMV and NHYB have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUMV or NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUMV or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.31% for NUMV.

Which ETF pays a higher dividend yield, NUMV or NHYB?

NHYB has the higher dividend yield at 4.25%, compared with 1.40% for NUMV.

What is the main difference between NUMV and NHYB?

NUMV is categorized as Mid Cap Value Equities, while NHYB is High Yield Bonds. NUMV tracks TIAA ESG USA Mid-Cap Value Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. Their fees differ too: 0.31% for NUMV and 0.08% for NHYB.