NURE vs. NUMG

Last updated Jun 24, 2026

NURE (Nuveen Short-Term REIT ETF) and NUMG (Nuveen ESG Mid-Cap Growth ETF) are both exchange-traded funds - NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index, while NUMG is a Mid Cap Growth Equities fund tracking the MSCI TIAA ESG USA Mid Cap Growth. Both are passively managed. Over the past 5 years, NURE returned 1.78%/yr vs -1.19%/yr for NUMG. At a 0.46 correlation, their price movements are largely independent. NURE charges 0.35%/yr vs 0.30%/yr for NUMG.

Performance

NURE vs. NUMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) and Nuveen ESG Mid-Cap Growth ETF (NUMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NURE achieves a 14.93% return, which is significantly higher than NUMG's -6.21% return.

NURE

• 1D: 0.84%
• 1M: 4.01%
• YTD: 14.93%
• 6M: 15.97%
• 1Y: 10.47%
• 3Y*: 7.27%
• 5Y*: 1.78%
• 10Y*: —

NUMG

• 1D: -0.75%
• 1M: -2.59%
• YTD: -6.21%
• 6M: -7.69%
• 1Y: -5.00%
• 3Y*: 6.17%
• 5Y*: -1.19%
• 10Y*: —

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

NURE vs. NUMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NURE Nuveen Short-Term REIT ETF	14.93%	-7.51%	6.65%	13.09%	-28.48%	53.41%	-7.24%	25.10%	0.02%	8.41%
NUMG Nuveen ESG Mid-Cap Growth ETF	-6.21%	0.78%	11.99%	20.47%	-28.31%	12.27%	45.73%	34.87%	-5.79%	19.00%

Correlation

The correlation between NURE and NUMG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016	0.46

The correlation between NURE and NUMG shifts across timeframes, from 0.29 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NURE vs. NUMG — Risk / Return Rank

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

NURE

NURE Risk / Return Rank: 21
NURE Sharpe Ratio Rank: 20
NURE Sortino Ratio Rank: 20
NURE Omega Ratio Rank: 19
NURE Calmar Ratio Rank: 25
NURE Martin Ratio Rank: 21

NUMG

NUMG Risk / Return Rank: 6
NUMG Sharpe Ratio Rank: 6
NUMG Sortino Ratio Rank: 6
NUMG Omega Ratio Rank: 6
NUMG Calmar Ratio Rank: 7
NUMG Martin Ratio Rank: 6

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. NUMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Nuveen ESG Mid-Cap Growth ETF (NUMG). 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.

	NURE	NUMG	Difference
Sharpe ratio: Return per unit of total volatility	0.66	-0.27	+0.93
Sortino ratio: Return per unit of downside risk	1.05	-0.25	+1.30
Omega ratio: Gain probability vs. loss probability	1.12	0.97	+0.15
Calmar ratio: Return relative to maximum drawdown	1.15	-0.25	+1.41
Martin ratio: Return relative to average drawdown	2.39	-0.64	+3.04

NURE vs. NUMG - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 0.66, which is higher than the NUMG Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of NURE and NUMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NURE vs. NUMG - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than NUMG's maximum drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for NURE and NUMG.

Drawdown Indicators

	NURE	NUMG	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-38.85%	-7.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-19.71%	+10.58%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-26.58%	+5.55%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-38.85%	+2.87%
Current Drawdown Current decline from peak	-9.39%	-14.62%	+5.23%
Average Drawdown Average peak-to-trough decline	-12.28%	-11.37%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	7.78%	-3.40%

Volatility

NURE vs. NUMG - Volatility Comparison

The current volatility for Nuveen Short-Term REIT ETF (NURE) is 4.29%, while Nuveen ESG Mid-Cap Growth ETF (NUMG) has a volatility of 6.32%. This indicates that NURE experiences smaller price fluctuations and is considered to be less risky than NUMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NURE	NUMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	6.32%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	15.10%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	18.64%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	22.94%	-3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	21.86%	-0.08%

NURE vs. NUMG - Expense Ratio Comparison

NURE has a 0.35% expense ratio, which is higher than NUMG's 0.30% expense ratio.

Dividends

NURE vs. NUMG - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.33%, more than NUMG's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NUMG Nuveen ESG Mid-Cap Growth ETF	0.01%	0.01%	0.06%	0.18%	0.18%	12.76%	3.82%	0.27%	5.14%	0.56%	0.00%
NURE Nuveen Short-Term REIT ETF	4.33%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%

Frequently Asked Questions

Can I hold both NURE and NUMG in my portfolio?

NURE and NUMG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NURE or NUMG?

NUMG has higher volatility (6.32%) compared to NURE (4.29%). In terms of maximum drawdown, NURE dropped -46.05% vs NUMG's -38.85%.

Which ETF is better, NURE or NUMG?

On 5-year performance, NURE leads with 1.78% vs -1.19% for NUMG. On fees, NUMG is cheaper at 0.30% per year. On volatility, NURE has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NURE or NUMG?

Over the 5-year period, NURE has performed better with a 1.78% return vs -1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NURE or NUMG?

NUMG is cheaper with a 0.30% expense ratio, compared with 0.35% for NURE.

Which ETF pays a higher dividend yield, NURE or NUMG?

NURE has the higher dividend yield at 4.33%, compared with 0.01% for NUMG.

What is the main difference between NURE and NUMG?

NURE is categorized as REIT, while NUMG is Mid Cap Growth Equities. NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while NUMG tracks MSCI TIAA ESG USA Mid Cap Growth. Their fees differ too: 0.35% for NURE and 0.30% for NUMG.

Which has better risk-adjusted returns?

NURE currently has the higher Sharpe Ratio (0.66 vs -0.27), 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.