NURE vs. NUMG
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 1.35%/yr vs -1.11%/yr for NUMG. Their 0.46 correlation means their historical movements had little consistent relationship. NURE charges 0.35%/yr vs 0.30%/yr for NUMG.
Performance
NURE vs. NUMG - Performance Comparison
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Returns By Period
In the year-to-date period, NURE achieves a 18.24% return, which is significantly higher than NUMG's -3.57% return.
NURE
- 1D
- 0.15%
- 1M
- -1.14%
- 6M
- 17.18%
- YTD
- 18.24%
- 1Y
- 20.18%
- 3Y*
- 6.66%
- 5Y*
- 1.35%
- 10Y*
- —
- ALL TIME*
- 6.33%
NUMG
- 1D
- 0.35%
- 1M
- -1.85%
- 6M
- 1.90%
- YTD
- -3.57%
- 1Y
- -3.04%
- 3Y*
- 4.79%
- 5Y*
- -1.11%
- 10Y*
- —
- ALL TIME*
- 9.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $601.10K | $621.84K | $1.03M | |
| $84.21K | $101.52K | $138.35K |
NURE vs. NUMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 18.24% | -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 | -3.57% | 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 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.46 |
Over the past year, the correlation between NURE and NUMG has dropped to 0.26 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
NURE vs. NUMG — Risk / Return Rank
NURE
NUMG
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 ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.97 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.28 | +2.45 |
| Martin ratioReturn relative to average drawdown | 5.37 | -0.69 | +6.05 |
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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.
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Drawdown Indicators
| NURE | NUMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -38.85% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -19.56% | +10.43% |
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 DrawdownCurrent decline from peak | -6.78% | -12.22% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -12.22% | -11.38% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 7.88% | -4.19% |
Volatility
NURE vs. NUMG - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 5.05% compared to Nuveen ESG Mid-Cap Growth ETF (NUMG) at 4.15%. This indicates that NURE's price experiences larger fluctuations and is considered to be riskier than NUMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NURE | NUMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 4.15% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 14.79% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 18.86% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.68% | 22.96% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 21.80% | -0.07% |
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 4.04%, 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 | 4.04% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% |
Frequently Asked Questions
NURE and NUMG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NURE has higher volatility (5.05%) compared to NUMG (4.15%). In terms of maximum drawdown, NURE dropped -46.05% vs NUMG's -38.85%.
On 5-year performance, NURE leads with 1.35% vs -1.11% for NUMG. On fees, NUMG is cheaper at 0.30% per year. On volatility, NUMG has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NURE has performed better with a 1.35% return vs -1.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUMG is cheaper with a 0.30% expense ratio, compared with 0.35% for NURE.
NURE has the higher dividend yield at 4.04%, compared with 0.01% for 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.
NURE currently has the higher Sharpe Ratio (1.25 vs -0.29), 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.
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