Correlation
The correlation between NUSB and TBIL is 0.08, 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.
NUSB vs. TBIL
Compare and contrast key facts about Nuveen Ultra Short Income ETF (NUSB) and US Treasury 3 Month Bill ETF (TBIL).
NUSB and TBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUSB is an actively managed fund by Nuveen. It was launched on Mar 5, 2024. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUSB or TBIL.
Performance
NUSB vs. TBIL - Performance Comparison
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Key characteristics
NUSB:
13.04
TBIL:
14.58
NUSB:
40.56
TBIL:
57.66
NUSB:
11.11
TBIL:
15.09
NUSB:
33.46
TBIL:
236.59
NUSB:
261.44
TBIL:
883.79
NUSB:
0.02%
TBIL:
0.01%
NUSB:
0.41%
TBIL:
0.33%
NUSB:
-0.16%
TBIL:
-0.10%
NUSB:
0.00%
TBIL:
0.00%
Returns By Period
In the year-to-date period, NUSB achieves a 1.88% return, which is significantly higher than TBIL's 1.70% return.
NUSB
1.88%
0.38%
2.33%
5.17%
N/A
N/A
N/A
TBIL
1.70%
0.34%
2.14%
4.68%
N/A
N/A
N/A
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NUSB vs. TBIL - Expense Ratio Comparison
NUSB has a 0.17% expense ratio, which is higher than TBIL's 0.15% 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%.
Risk-Adjusted Performance
NUSB vs. TBIL — Risk-Adjusted Performance Rank
NUSB
TBIL
NUSB vs. TBIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Ultra Short Income ETF (NUSB) and US Treasury 3 Month Bill ETF (TBIL). 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.
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Dividends
NUSB vs. TBIL - Dividend Comparison
NUSB's dividend yield for the trailing twelve months is around 4.38%, less than TBIL's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
NUSB Nuveen Ultra Short Income ETF | 4.38% | 3.61% | 0.00% | 0.00% |
TBIL US Treasury 3 Month Bill ETF | 4.64% | 5.24% | 5.00% | 1.10% |
Drawdowns
NUSB vs. TBIL - Drawdown Comparison
The maximum NUSB drawdown since its inception was -0.16%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for NUSB and TBIL.
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Volatility
NUSB vs. TBIL - Volatility Comparison
Nuveen Ultra Short Income ETF (NUSB) has a higher volatility of 0.16% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.09%. This indicates that NUSB's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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