NXUS vs. SPSK

Last updated Jun 27, 2026

NXUS (Nuveen International Aggregate Bond ETF) and SPSK (SP Funds Dow Jones Global Sukuk ETF) are both Global Bonds funds - NXUS tracks the Bloomberg Global Aggregate ex-USD Index (USD Hedged) while SPSK tracks the Dow Jones Sukuk Total Return (No Coupon Reinvestment). Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. NXUS charges 0.08%/yr vs 0.50%/yr for SPSK.

Performance

NXUS vs. SPSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen International Aggregate Bond ETF (NXUS) and SP Funds Dow Jones Global Sukuk ETF (SPSK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXUS achieves a 1.52% return, which is significantly higher than SPSK's 0.32% return.

NXUS

• 1D: 0.06%
• 1M: 0.96%
• YTD: 1.52%
• 6M: 1.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPSK

• 1D: 0.00%
• 1M: 0.29%
• YTD: 0.32%
• 6M: -0.20%
• 1Y: 3.17%
• 3Y*: 4.18%
• 5Y*: 0.99%
• 10Y*: —

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

NXUS vs. SPSK - Yearly Performance Comparison

	2026 (YTD)	2025
NXUS Nuveen International Aggregate Bond ETF	1.52%	0.45%
SPSK SP Funds Dow Jones Global Sukuk ETF	0.32%	0.88%

Correlation

The correlation between NXUS and SPSK is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.55

Return for Risk

NXUS vs. SPSK — Risk / Return Rank

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

NXUS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPSK

SPSK Risk / Return Rank: 24
SPSK Sharpe Ratio Rank: 24
SPSK Sortino Ratio Rank: 23
SPSK Omega Ratio Rank: 21
SPSK Calmar Ratio Rank: 24
SPSK Martin Ratio Rank: 27

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.

NXUS vs. SPSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen International Aggregate Bond ETF (NXUS) and SP Funds Dow Jones Global Sukuk ETF (SPSK). 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.

	NXUS	SPSK	Difference
Sharpe ratio: Return per unit of total volatility	—	0.84	—
Sortino ratio: Return per unit of downside risk	—	1.22	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	1.12	—
Martin ratio: Return relative to average drawdown	—	3.62	—

Drawdowns

NXUS vs. SPSK - Drawdown Comparison

The maximum NXUS drawdown since its inception was -2.81%, smaller than the maximum SPSK drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for NXUS and SPSK.

Drawdown Indicators

	NXUS	SPSK	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	-12.83%	+10.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.45%	—
Current Drawdown Current decline from peak	-0.32%	-0.74%	+0.42%
Average Drawdown Average peak-to-trough decline	-0.90%	-3.80%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.88%	—

Volatility

Volatility by Period

	NXUS	SPSK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	3.80%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	5.28%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	5.44%	-1.73%

NXUS vs. SPSK - Expense Ratio Comparison

NXUS has a 0.08% expense ratio, which is lower than SPSK's 0.50% expense ratio.

Dividends

NXUS vs. SPSK - Dividend Comparison

NXUS's dividend yield for the trailing twelve months is around 1.65%, less than SPSK's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
NXUS Nuveen International Aggregate Bond ETF	1.65%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%
SPSK SP Funds Dow Jones Global Sukuk ETF	4.35%	3.63%	3.53%	2.95%	2.22%	2.56%	1.78%

Frequently Asked Questions

Can I hold both NXUS and SPSK in my portfolio?

NXUS and SPSK have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NXUS or SPSK?

On fees, NXUS is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NXUS or SPSK?

NXUS is cheaper with a 0.08% expense ratio, compared with 0.50% for SPSK.

Which ETF pays a higher dividend yield, NXUS or SPSK?

SPSK has the higher dividend yield at 4.35%, compared with 1.65% for NXUS.

What is the main difference between NXUS and SPSK?

NXUS tracks Bloomberg Global Aggregate ex-USD Index (USD Hedged), while SPSK tracks Dow Jones Sukuk Total Return (No Coupon Reinvestment). They also come from different issuers: Nuveen and SP Funds. Their fees differ too: 0.08% for NXUS and 0.50% for SPSK.