NUMV vs. NUBD

Last updated Jun 4, 2026

NUMV (Nuveen ESG Mid-Cap Value ETF) and NUBD (Nuveen ESG U.S. Aggregate 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 NUBD is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Select Index. Both are passively managed. Over the past 5 years, NUMV returned 6.55%/yr vs -0.06%/yr for NUBD. At a 0.05 correlation, their price movements are largely independent. NUMV charges 0.31%/yr vs 0.15%/yr for NUBD.

Performance

NUMV vs. NUBD - Performance Comparison

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

Returns By Period

In the year-to-date period, NUMV achieves a 9.74% return, which is significantly higher than NUBD's 0.20% return.

NUMV

• 1D: -0.42%
• 1M: 4.09%
• YTD: 9.74%
• 6M: 11.20%
• 1Y: 23.74%
• 3Y*: 16.96%
• 5Y*: 6.55%
• 10Y*: —

NUBD

• 1D: -0.18%
• 1M: 0.31%
• YTD: 0.20%
• 6M: 0.09%
• 1Y: 4.97%
• 3Y*: 3.77%
• 5Y*: -0.06%
• 10Y*: —

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

NUMV vs. NUBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUMV Nuveen ESG Mid-Cap Value ETF	9.74%	14.05%	12.31%	8.43%	-14.97%	31.15%	0.91%	29.81%	-11.91%	5.86%
NUBD Nuveen ESG U.S. Aggregate Bond ETF	0.20%	6.75%	1.31%	5.42%	-12.90%	-2.19%	7.17%	8.22%	0.32%	0.26%

Correlation

The correlation between NUMV and NUBD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017	0.05

Over the past year, NUMV and NUBD have become more correlated (0.33) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

NUMV vs. NUBD — Risk / Return Rank

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

NUMV

NUMV Risk / Return Rank: 56
NUMV Sharpe Ratio Rank: 56
NUMV Sortino Ratio Rank: 59
NUMV Omega Ratio Rank: 53
NUMV Calmar Ratio Rank: 55
NUMV Martin Ratio Rank: 59

NUBD

NUBD Risk / Return Rank: 36
NUBD Sharpe Ratio Rank: 36
NUBD Sortino Ratio Rank: 37
NUBD Omega Ratio Rank: 35
NUBD Calmar Ratio Rank: 37
NUBD Martin Ratio Rank: 35

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. NUBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Value ETF (NUMV) and Nuveen ESG U.S. Aggregate Bond ETF (NUBD). 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.

	NUMV	NUBD	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.32	+0.60
Sortino ratio: Return per unit of downside risk	2.79	1.93	+0.86
Omega ratio: Gain probability vs. loss probability	1.33	1.23	+0.10
Calmar ratio: Return relative to maximum drawdown	2.74	1.81	+0.93
Martin ratio: Return relative to average drawdown	10.37	5.38	+4.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUMV vs. NUBD - Sharpe Ratio Comparison

The current NUMV Sharpe Ratio is 1.92, which is higher than the NUBD Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of NUMV and NUBD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NUMV	NUBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.32	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	-0.01	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.29	+0.16

Drawdowns

NUMV vs. NUBD - Drawdown Comparison

The maximum NUMV drawdown since its inception was -43.46%, which is greater than NUBD's maximum drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for NUMV and NUBD.

Drawdown Indicators

	NUMV	NUBD	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-19.45%	-24.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-2.76%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-5.94%	-13.59%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	-17.90%	-7.81%
Current Drawdown Current decline from peak	-0.42%	-3.93%	+3.51%
Average Drawdown Average peak-to-trough decline	-6.89%	-6.05%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	0.93%	+1.36%

Volatility

NUMV vs. NUBD - Volatility Comparison

Nuveen ESG Mid-Cap Value ETF (NUMV) has a higher volatility of 2.97% compared to Nuveen ESG U.S. Aggregate Bond ETF (NUBD) at 1.23%. This indicates that NUMV's price experiences larger fluctuations and is considered to be riskier than NUBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUMV	NUBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	1.23%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	2.61%	+6.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	3.79%	+8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	5.99%	+11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	5.12%	+14.65%

NUMV vs. NUBD - Expense Ratio Comparison

NUMV has a 0.31% expense ratio, which is higher than NUBD's 0.15% expense ratio.

Dividends

NUMV vs. NUBD - Dividend Comparison

NUMV's dividend yield for the trailing twelve months is around 1.40%, less than NUBD's 3.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUBD Nuveen ESG U.S. Aggregate Bond ETF	3.99%	3.90%	3.51%	2.99%	2.83%	2.05%	2.21%	2.66%	3.08%	0.58%
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 NUBD in my portfolio?

NUMV and NUBD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUMV or NUBD?

NUMV has higher volatility (2.97%) compared to NUBD (1.23%). In terms of maximum drawdown, NUMV dropped -43.46% vs NUBD's -19.45%.

Which ETF is better, NUMV or NUBD?

On 5-year performance, NUMV leads with 6.55% vs -0.06% for NUBD. On fees, NUBD is cheaper at 0.15% per year. On volatility, NUBD has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUMV or NUBD?

Over the 5-year period, NUMV has performed better with a 6.55% return vs -0.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUMV or NUBD?

NUBD is cheaper with a 0.15% expense ratio, compared with 0.31% for NUMV.

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

NUBD has the higher dividend yield at 3.99%, compared with 1.40% for NUMV.

What is the main difference between NUMV and NUBD?

NUMV is categorized as Mid Cap Value Equities, while NUBD is Intermediate Core Bond. NUMV tracks TIAA ESG USA Mid-Cap Value Index, while NUBD tracks Bloomberg MSCI U.S. Aggregate ESG Select Index. Their fees differ too: 0.31% for NUMV and 0.15% for NUBD.

Which has better risk-adjusted returns?

NUMV currently has the higher Sharpe Ratio (1.92 vs 1.32), 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.