NUBD vs QQQ
NUBD vs QQQ
Nuveen ESG US Aggregate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
NUBD has a lower expense ratio. QQQ delivered stronger 1-year returns. NUBD offers more diversification with 2182 holdings.
Side-by-Side Comparison
| Metric | NUBD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $464M | $455.8B | |
| Dividend Yield | 3.96% | 0.41% | |
| Holdings | 2,388 | 108 | |
| YTD Return | -0.72% | +12.48% | |
| 1Y Return | +2.45% | +22.35% | |
| 3Y Return (annualized) | +3.63% | +22.30% | |
| 5Y Return (annualized) | -0.66% | +14.24% | |
| Volatility (annualized) | 5.3% | 30.6% | |
| Max Drawdown | -20.3% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 29, 2017 | Mar 10, 1999 |
NUBD vs QQQ Performance
Nuveen ESG US Aggregate Bond ETF (NUBD) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NUBD returned +2.45% while QQQ returned +22.35%. Year to date, NUBD is down 0.72% versus a gain of 12.48% for QQQ.
Over three years, NUBD compounded at +3.63% per year against +22.30% for QQQ; over five years the annualized figures are -0.66% and +14.24% respectively. Across the full 9-year window we track, QQQ has the edge at +12.91% annualized vs +0.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.3% for NUBD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.3% for NUBD and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NUBD charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, NUBD currently yields 3.96% against 0.41% for QQQ.
Holdings Overlap
NUBD and QQQ share 1 holdings out of 2284 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NUBD | Weight in QQQ | Difference |
|---|---|---|---|
| LRCX | 0.01% | 1.82% | 1.81% |
Frequently Asked Questions
Which is cheaper, NUBD or QQQ?
NUBD has an expense ratio of 0.12% while QQQ charges 0.18%. NUBD is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, NUBD or QQQ?
Over the past year NUBD returned +2.45% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), NUBD annualized +0.31% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, NUBD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.3% for NUBD. Worst drawdown: NUBD -20.3% vs QQQ -83.0%.
Should I hold both NUBD and QQQ?
NUBD and QQQ have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUBD and QQQ?
NUBD and QQQ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2284 unique securities.
Which pays a higher dividend, NUBD or QQQ?
NUBD yields 3.96% while QQQ yields 0.41%, so NUBD currently pays the higher dividend yield.
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