NURE vs. NHYM

Last updated Apr 2, 2026

Compare and contrast key facts about Nuveen Short-Term REIT ETF (NURE) and Nuveen High Yield Municipal Income ETF (NHYM).

NURE and NHYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NURE is a passively managed fund by Nuveen that tracks the performance of the Dow Jones U.S. Select Short-Term REIT Index. It was launched on Dec 19, 2016. NHYM is an actively managed fund by Nuveen. It was launched on Jan 22, 2025.

Performance

NURE vs. NHYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) and Nuveen High Yield Municipal Income ETF (NHYM). The values are adjusted to include any dividend payments, if applicable.

NURE vs. NHYM - Yearly Performance Comparison

	2026 (YTD)	2025
NURE Nuveen Short-Term REIT ETF	-1.45%	-5.24%
NHYM Nuveen High Yield Municipal Income ETF	0.74%	3.25%

Returns By Period

In the year-to-date period, NURE achieves a -1.45% return, which is significantly lower than NHYM's 0.74% return.

NURE

• 1D: 0.68%
• 1M: -6.52%
• YTD: -1.45%
• 6M: -2.20%
• 1Y: -8.09%
• 3Y*: 1.36%
• 5Y*: 1.17%
• 10Y*: —

NHYM

• 1D: 0.47%
• 1M: -1.24%
• YTD: 0.74%
• 6M: 2.75%
• 1Y: 3.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NURE vs. NHYM - Expense Ratio Comparison

Both NURE and NHYM have an expense ratio of 0.35%.

NURE

Nuveen Short-Term REIT ETF

NHYM

Nuveen High Yield Municipal Income ETF

Return for Risk

NURE vs. NHYM — Risk / Return Rank

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

NURE

NURE Risk / Return Rank: 4
NURE Sharpe Ratio Rank: 5
NURE Sortino Ratio Rank: 4
NURE Omega Ratio Rank: 5
NURE Calmar Ratio Rank: 3
NURE Martin Ratio Rank: 2

NHYM

NHYM Risk / Return Rank: 24
NHYM Sharpe Ratio Rank: 27
NHYM Sortino Ratio Rank: 23
NHYM Omega Ratio Rank: 28
NHYM Calmar Ratio Rank: 23
NHYM Martin Ratio Rank: 20

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.

NURE vs. NHYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Nuveen High Yield Municipal Income ETF (NHYM). 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.

	NURE	NHYM	Difference
Sharpe ratio Return per unit of total volatility	-0.42	0.56	-0.97
Sortino ratio Return per unit of downside risk	-0.48	0.74	-1.22
Omega ratio Gain probability vs. loss probability	0.94	1.13	-0.18
Calmar ratio Return relative to maximum drawdown	-0.58	0.64	-1.22
Martin ratio Return relative to average drawdown	-1.25	1.45	-2.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NURE vs. NHYM - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is -0.42, which is lower than the NHYM Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of NURE and NHYM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NURE	NHYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	0.56	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.55	-0.34

Correlation

The correlation between NURE and NHYM is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NURE vs. NHYM - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 5.04%, more than NHYM's 4.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NURE Nuveen Short-Term REIT ETF	5.04%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%
NHYM Nuveen High Yield Municipal Income ETF	4.59%	4.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NURE vs. NHYM - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than NHYM's maximum drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for NURE and NHYM.

Drawdown Indicators

	NURE	NHYM	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-6.11%	-39.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.10%	-5.52%	-8.58%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	—	—
Current Drawdown Current decline from peak	-22.30%	-1.62%	-20.68%
Average Drawdown Average peak-to-trough decline	-12.23%	-1.89%	-10.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	2.45%	+4.09%

Volatility

NURE vs. NHYM - Volatility Comparison

Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 4.67% compared to Nuveen High Yield Municipal Income ETF (NHYM) at 1.62%. This indicates that NURE's price experiences larger fluctuations and is considered to be riskier than NHYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NURE	NHYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	1.62%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	2.70%	+8.22%
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	6.36%	+13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	6.20%	+13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	6.20%	+15.69%