NUSC vs. NPFI

Last updated Aug 2, 2026

NUSC (Nuveen ESG Small-Cap ETF) and NPFI (Nuveen Preferred And Income ETF) are both exchange-traded funds - NUSC is a Small Cap Growth Equities fund tracking the MSCI TIAA ESG USA Small Cap, while NPFI is a Preferred Stock fund actively managed by Nuveen. NUSC is passively managed, while NPFI is actively managed. Over the past year, NUSC returned 27.28% vs 5.72% for NPFI. Their 0.57 correlation means they have sometimes moved together and sometimes differently. NUSC charges 0.30%/yr vs 0.55%/yr for NPFI.

Performance

NUSC vs. NPFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Small-Cap ETF (NUSC) and Nuveen Preferred And Income ETF (NPFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUSC achieves a 14.06% return, which is significantly higher than NPFI's 1.83% return.

NUSC

• 1D: 0.10%
• 1M: -0.88%
• 6M: 8.64%
• YTD: 14.06%
• 1Y: 27.28%
• 3Y*: 10.90%
• 5Y*: 5.29%
• 10Y*: —
• ALL TIME*: 9.72%

NPFI

• 1D: 0.12%
• 1M: -0.48%
• 6M: 1.20%
• YTD: 1.83%
• 1Y: 5.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NPFI Nuveen Preferred And Income ETF	$434.98K	$466.60K	$460.13K
NUSC Nuveen ESG Small-Cap ETF	$2.83M	$3.09M	$4.61M

NUSC vs. NPFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NUSC Nuveen ESG Small-Cap ETF	14.06%	7.72%	5.86%
NPFI Nuveen Preferred And Income ETF	1.83%	9.21%	6.37%

Correlation

The correlation between NUSC and NPFI is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.57

The correlation between NUSC and NPFI has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

NUSC vs. NPFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUSC

NUSC Risk / Return Rank: 67
NUSC Sharpe Ratio Rank: 63
NUSC Sortino Ratio Rank: 67
NUSC Omega Ratio Rank: 59
NUSC Calmar Ratio Rank: 71
NUSC Martin Ratio Rank: 74

NPFI

NPFI Risk / Return Rank: 76
NPFI Sharpe Ratio Rank: 84
NPFI Sortino Ratio Rank: 87
NPFI Omega Ratio Rank: 91
NPFI Calmar Ratio Rank: 51
NPFI Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUSC vs. NPFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Small-Cap ETF (NUSC) and Nuveen Preferred And Income ETF (NPFI). 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.

	NUSC	NPFI	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.97	-0.49
Sortino ratio: Return per unit of downside risk	2.20	2.94	-0.74
Omega ratio: Gain probability vs. loss probability	1.26	1.43	-0.17
Calmar ratio: Return relative to maximum drawdown	2.50	1.81	+0.69
Martin ratio: Return relative to average drawdown	9.10	8.58	+0.52

NUSC vs. NPFI - Sharpe Ratio Comparison

The current NUSC Sharpe Ratio is 1.47, which is comparable to the NPFI Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of NUSC and NPFI, 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

NUSC vs. NPFI - Drawdown Comparison

The maximum NUSC drawdown since its inception was -41.49%, which is greater than NPFI's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for NUSC and NPFI.

Drawdown Indicators

	NUSC	NPFI	Difference
Max Drawdown Largest peak-to-trough decline	-41.49%	-3.18%	-38.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-3.18%	-6.92%
Max Drawdown (3Y) Largest decline over 3 years	-26.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.85%	—	—
Current Drawdown Current decline from peak	-2.28%	-0.65%	-1.63%
Average Drawdown Average peak-to-trough decline	-8.10%	-0.33%	-7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	0.67%	+2.11%

Volatility

NUSC vs. NPFI - Volatility Comparison

Nuveen ESG Small-Cap ETF (NUSC) has a higher volatility of 3.64% compared to Nuveen Preferred And Income ETF (NPFI) at 0.67%. This indicates that NUSC's price experiences larger fluctuations and is considered to be riskier than NPFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUSC	NPFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	0.67%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	2.57%	+9.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	2.93%	+14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	2.91%	+18.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	2.91%	+19.34%

NUSC vs. NPFI - Expense Ratio Comparison

NUSC has a 0.30% expense ratio, which is lower than NPFI's 0.55% expense ratio.

Dividends

NUSC vs. NPFI - Dividend Comparison

NUSC's dividend yield for the trailing twelve months is around 0.92%, less than NPFI's 6.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NPFI Nuveen Preferred And Income ETF	5.93%	6.33%	5.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUSC Nuveen ESG Small-Cap ETF	0.92%	1.05%	1.15%	1.11%	1.16%	7.06%	0.52%	0.90%	3.95%	0.94%

Frequently Asked Questions

Can I hold both NUSC and NPFI in my portfolio?

NUSC and NPFI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUSC or NPFI?

NUSC has higher volatility (3.64%) compared to NPFI (0.67%). In terms of maximum drawdown, NUSC dropped -41.49% vs NPFI's -3.18%.

Which ETF is better, NUSC or NPFI?

On 1-year performance, NUSC leads with 27.28% vs 5.72% for NPFI. On fees, NUSC is cheaper at 0.30% per year. On volatility, NPFI has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUSC or NPFI?

Over the 1-year period, NUSC has performed better with a 27.28% return vs 5.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUSC or NPFI?

NUSC is cheaper with a 0.30% expense ratio, compared with 0.55% for NPFI.

Which ETF pays a higher dividend yield, NUSC or NPFI?

NPFI has the higher dividend yield at 5.93%, compared with 0.92% for NUSC.

What is the main difference between NUSC and NPFI?

NUSC is categorized as Small Cap Growth Equities, while NPFI is Preferred Stock. Their fees differ too: 0.30% for NUSC and 0.55% for NPFI.

Which has better risk-adjusted returns?

NPFI currently has the higher Sharpe Ratio (1.97 vs 1.47), 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.