NUSA vs. LQDI
Compare and contrast key facts about Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) and iShares Inflation Hedged Corporate Bond ETF (LQDI).
NUSA and LQDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUSA is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond (1-5 Y). It was launched on Mar 31, 2017. LQDI is an actively managed fund by iShares. It was launched on May 8, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUSA or LQDI.
Performance
NUSA vs. LQDI - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with NUSA having a 3.02% return and LQDI slightly lower at 2.98%.
NUSA
3.02%
-0.66%
2.82%
5.37%
1.24%
N/A
LQDI
2.98%
-2.17%
2.85%
8.84%
3.12%
N/A
Key characteristics
| NUSA | LQDI | |
|---|---|---|
| Sharpe Ratio | 2.07 | 1.50 |
| Sortino Ratio | 3.18 | 2.20 |
| Omega Ratio | 1.42 | 1.27 |
| Calmar Ratio | 1.18 | 0.69 |
| Martin Ratio | 9.68 | 7.96 |
| Ulcer Index | 0.63% | 1.18% |
| Daily Std Dev | 2.88% | 6.23% |
| Max Drawdown | -9.44% | -28.99% |
| Current Drawdown | -1.47% | -6.02% |
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NUSA vs. LQDI - Expense Ratio Comparison
NUSA has a 0.20% expense ratio, which is higher than LQDI's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between NUSA and LQDI is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NUSA vs. LQDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) and iShares Inflation Hedged Corporate Bond ETF (LQDI). 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.
Dividends
NUSA vs. LQDI - Dividend Comparison
NUSA's dividend yield for the trailing twelve months is around 4.13%, less than LQDI's 4.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
NUSA Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF | 4.13% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.21% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.52% | 3.99% | 3.26% | 2.42% | 2.52% | 3.26% | 2.52% | 0.00% |
Drawdowns
NUSA vs. LQDI - Drawdown Comparison
The maximum NUSA drawdown since its inception was -9.44%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for NUSA and LQDI. For additional features, visit the drawdowns tool.
Volatility
NUSA vs. LQDI - Volatility Comparison
The current volatility for Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) is 0.66%, while iShares Inflation Hedged Corporate Bond ETF (LQDI) has a volatility of 2.16%. This indicates that NUSA experiences smaller price fluctuations and is considered to be less risky than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.