NUSB vs. NDVG

Last updated Jun 4, 2026

NUSB (Nuveen Ultra Short Income ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NUSB is a Ultrashort Bond fund actively managed by Nuveen, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. NUSB charges 0.17%/yr vs 0.64%/yr for NDVG.

Performance

NUSB vs. NDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Ultra Short Income ETF (NUSB) and Nuveen Dividend Growth ETF (NDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NUSB

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.52%
• 6M: 1.88%
• 1Y: 4.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NDVG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUSB vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NUSB Nuveen Ultra Short Income ETF	1.52%	4.71%	4.50%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	13.10%

Correlation

The correlation between NUSB and NDVG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.17

Return for Risk

NUSB vs. NDVG — Risk / Return Rank

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

NUSB

NUSB Risk / Return Rank: 100
NUSB Sharpe Ratio Rank: 100
NUSB Sortino Ratio Rank: 100
NUSB Omega Ratio Rank: 100
NUSB Calmar Ratio Rank: 100
NUSB Martin Ratio Rank: 100

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.

NUSB vs. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Ultra Short Income ETF (NUSB) and Nuveen Dividend Growth ETF (NDVG). 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.

	NUSB	NDVG	Difference
Sharpe ratio: Return per unit of total volatility	11.80	—	—
Sortino ratio: Return per unit of downside risk	32.55	—	—
Omega ratio: Gain probability vs. loss probability	9.19	—	—
Calmar ratio: Return relative to maximum drawdown	72.98	—	—
Martin ratio: Return relative to average drawdown	397.82	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NUSB	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.54	—	—

Drawdowns

Drawdown Indicators

	NUSB	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-0.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.00%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	NUSB	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.39%	—	—

NUSB vs. NDVG - Expense Ratio Comparison

NUSB has a 0.17% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

NUSB vs. NDVG - Dividend Comparison

NUSB's dividend yield for the trailing twelve months is around 4.30%, less than NDVG's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%
NUSB Nuveen Ultra Short Income ETF	4.30%	4.51%	3.61%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUSB and NDVG in my portfolio?

NUSB and NDVG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUSB or NDVG?

On fees, NUSB is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUSB or NDVG?

NUSB is cheaper with a 0.17% expense ratio, compared with 0.64% for NDVG.

Which ETF pays a higher dividend yield, NUSB or NDVG?

NDVG has the higher dividend yield at 4.41%, compared with 4.30% for NUSB.

What is the main difference between NUSB and NDVG?

NUSB is categorized as Ultrashort Bond, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.17% for NUSB and 0.64% for NDVG.