NUSA vs SPY
Nuveen ESG 1-5 Year US Aggregate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NUSA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.09% | |
| AUM | $35M | $821.1B | |
| Dividend Yield | 3.90% | 1.01% | |
| Holdings | 333 | 505 | |
| YTD Return | +0.87% | +12.35% | |
| 1Y Return | +2.54% | +20.15% | |
| 3Y Return (annualized) | +4.50% | +21.69% | |
| 5Y Return (annualized) | +1.54% | +12.77% | |
| Volatility (annualized) | 2.5% | 15.3% | |
| Max Drawdown | -9.9% | -56.5% | |
| Fund Family | Nuveen | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 2017 | Jan 22, 1993 |
NUSA vs SPY Performance
Nuveen ESG 1-5 Year US Aggregate Bond ETF (NUSA) is a ETF from Nuveen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NUSA returned +2.54% while SPY returned +20.15%. Year to date, NUSA is up 0.87% versus a gain of 12.35% for SPY.
Over three years, NUSA compounded at +4.50% per year against +21.69% for SPY; over five years the annualized figures are +1.54% and +12.77% respectively. Across the full 9-year window we track, SPY has the edge at +8.79% annualized vs +1.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.5% for NUSA. 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 -9.9% for NUSA and -56.5% for SPY. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NUSA charges 0.14% per year while SPY charges 0.09%. On a $10,000 position that is $14 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, NUSA currently yields 3.90% against 1.01% for SPY.
Holdings Overlap
NUSA and SPY share 0 holdings out of 745 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NUSA or SPY?
NUSA has an expense ratio of 0.14% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, NUSA or SPY?
Over the past year NUSA returned +2.54% vs +20.15% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), NUSA annualized +1.00% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NUSA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.5% for NUSA. Worst drawdown: NUSA -9.9% vs SPY -56.5%.
Should I hold both NUSA and SPY?
NUSA and SPY have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUSA and SPY?
NUSA and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 745 unique securities.
Which pays a higher dividend, NUSA or SPY?
NUSA yields 3.90% while SPY yields 1.01%, so NUSA currently pays the higher dividend yield.
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