SHAG vs. NUSA
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and NUSA (Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF) are both Short-Term Bond funds - SHAG tracks the Bloomberg U.S. Short Aggregate Enhanced Yield Index while NUSA tracks the ICE BofA Enhanced Yield US Broad Bond (1-5 Y). Both are passively managed. Over the past 5 years, SHAG returned 1.56%/yr vs 1.48%/yr for NUSA. A 0.72 correlation means they provide meaningful diversification when combined. SHAG charges 0.12%/yr vs 0.15%/yr for NUSA.
Performance
SHAG vs. NUSA - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SHAG at 0.24% and NUSA at 0.24%.
SHAG
- 1D
- -0.24%
- 1M
- -0.41%
- YTD
- 0.24%
- 6M
- 0.63%
- 1Y
- 3.62%
- 3Y*
- 4.64%
- 5Y*
- 1.56%
- 10Y*
- —
NUSA
- 1D
- -0.24%
- 1M
- -0.23%
- YTD
- 0.24%
- 6M
- 0.52%
- 1Y
- 3.50%
- 3Y*
- 4.31%
- 5Y*
- 1.48%
- 10Y*
- —
SHAG vs. NUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.24% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.11% |
NUSA Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 0.24% | 5.89% | 3.52% | 5.19% | -5.91% | -1.04% | 4.85% | 5.62% | 1.40% | -0.26% |
Correlation
The correlation between SHAG and NUSA is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017 | 0.72 |
The correlation between SHAG and NUSA shifts across timeframes, from 0.72 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHAG vs. NUSA — Risk / Return Rank
SHAG
NUSA
SHAG vs. NUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (NUSA). 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.
| SHAG | NUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.74 | -0.10 |
| Martin ratioReturn relative to average drawdown | 9.35 | 9.65 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SHAG | NUSA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.93 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.53 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.81 | +0.02 |
Drawdowns
SHAG vs. NUSA - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, roughly equal to the maximum NUSA drawdown of -9.44%. Use the drawdown chart below to compare losses from any high point for SHAG and NUSA.
Loading charts...
Drawdown Indicators
| SHAG | NUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -9.44% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -1.28% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -1.62% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -9.44% | -0.18% |
Current DrawdownCurrent decline from peak | -0.78% | -0.70% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -1.65% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.36% | +0.03% |
Volatility
SHAG vs. NUSA - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.61%, while Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (NUSA) has a volatility of 0.67%. This indicates that SHAG experiences smaller price fluctuations and is considered to be less risky than NUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHAG | NUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.67% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.33% | 1.35% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 1.83% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 2.80% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 2.73% | -0.15% |
SHAG vs. NUSA - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than NUSA's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHAG vs. NUSA - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.29%, more than NUSA's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NUSA Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 3.87% | 3.83% | 3.93% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.20% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.29% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% |
Frequently Asked Questions
SHAG and NUSA have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUSA has higher volatility (0.67%) compared to SHAG (0.61%). In terms of maximum drawdown, SHAG dropped -9.62% vs NUSA's -9.44%.
On 5-year performance, SHAG leads with 1.56% vs 1.48% for NUSA. On fees, SHAG is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SHAG has performed better with a 1.56% return vs 1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.15% for NUSA.
SHAG has the higher dividend yield at 4.29%, compared with 3.87% for NUSA.
SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while NUSA tracks ICE BofA Enhanced Yield US Broad Bond (1-5 Y). They also come from different issuers: WisdomTree and Nuveen. Their fees differ too: 0.12% for SHAG and 0.15% for NUSA.
SHAG currently has the higher Sharpe Ratio (1.98 vs 1.93), 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.
Find the right allocation for SHAG and NUSA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer