NULG vs SHM
Comparison between NUVEEN ESG LARGE-CAP GROWTH ETF (NULG, ETF) and STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF).
5-Year PerformanceNULG has outperformed SHM, delivering a return of +13.7% compared to +1.0%
NULG vs SHM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NULG vs SHM - Historical Returns
Returns include dividend reinvestment.
NULG vs SHM - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | NULG | SHM |
|---|---|---|
| 2026 | +14.92% | +0.99% |
| 2025 | +13.96% | +3.86% |
| 2024 | +25.40% | +1.22% |
| 2023 | +43.46% | +2.81% |
| 2022 | -28.36% | -3.80% |
| 2021 | +29.55% | -0.37% |
| 2020 | +38.04% | +2.53% |
| 2019 | +39.79% | +3.60% |
| 2018 | -0.15% | +1.42% |
| 2017 | +24.57% | +1.01% |
| 2016 | -0.08% | -0.57% |
| 2015 | N/A | +0.67% |
| 2014 | N/A | +0.55% |
| 2013 | N/A | +0.78% |
| 2012 | N/A | +0.62% |
| 2011 | N/A | +2.92% |
| 2010 | N/A | +0.24% |
| 2009 | N/A | +3.22% |
| 2008 | N/A | +4.44% |
| 2007 | N/A | +1.25% |
NULG vs SHM Drawdown Comparison
The maximum drawdown for NULG was -36.11%, occurring on Oct 14, 2022. Recovery took 552 trading sessions.
The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.
The current NULG drawdown is -2.80%. The current SHM drawdown is -0.12%.
| Rank | NULG | SHM |
|---|---|---|
| #1 | -36.11% Nov 5, 2021 - Jan 19, 2024 | -11.61% Mar 9, 2020 - May 19, 2020 |
| #2 | -34.67% Feb 19, 2020 - Jul 2, 2020 | -7.08% Sep 23, 2008 - Dec 23, 2008 |
| #3 | -22.42% Oct 1, 2018 - Apr 12, 2019 | -6.67% Aug 3, 2021 - Sep 5, 2024 |
| #4 | -22.28% Dec 11, 2024 - Jun 10, 2025 | -3.94% Aug 31, 2010 - Jun 24, 2011 |
| #5 | -14.50% Oct 28, 2025 - Apr 17, 2026 | -3.07% Feb 13, 2008 - Mar 18, 2008 |
| #6 | -12.28% Jul 10, 2024 - Oct 14, 2024 | -2.82% Sep 27, 2012 - Jan 13, 2014 |
| #7 | -10.92% Feb 12, 2021 - Apr 13, 2021 | -2.70% Aug 22, 2016 - Aug 2, 2017 |
| #8 | -10.09% Sep 2, 2020 - Nov 24, 2020 | -2.12% Mar 18, 2008 - Sep 17, 2008 |
| #9 | -8.11% Jan 26, 2018 - Mar 9, 2018 | -2.07% Sep 5, 2017 - Jan 11, 2019 |
| #10 | -7.98% Mar 21, 2024 - May 15, 2024 | -1.97% Feb 13, 2009 - Jul 10, 2009 |
| #11 | -7.79% Mar 12, 2018 - May 23, 2018 | -1.74% Sep 6, 2011 - Jan 23, 2012 |
| #12 | -7.78% Apr 26, 2021 - Jun 14, 2021 | -1.67% Apr 4, 2025 - Jun 12, 2025 |
| #13 | -7.64% Sep 3, 2021 - Oct 26, 2021 | -1.31% Oct 3, 2024 - Feb 25, 2025 |
| #14 | -6.78% Apr 29, 2019 - Jun 19, 2019 | -1.27% Feb 4, 2015 - Oct 13, 2015 |
| #15 | -6.41% Jul 26, 2019 - Sep 5, 2019 | -1.24% Sep 17, 2008 - Sep 23, 2008 |
Correlation
Correlation between NULG and SHM is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2007 - 2026)
NULG vs SHM dividend yield comparison.
| Year | NULG | SHM |
|---|---|---|
| 2026 | 0.00% | 1.11% |
| 2025 | 0.11% | 2.61% |
| 2024 | 0.16% | 2.06% |
| 2023 | 0.43% | 1.15% |
| 2022 | 0.40% | 0.69% |
| 2021 | 5.08% | 0.86% |
| 2020 | 2.68% | 1.24% |
| 2019 | 1.10% | 1.40% |
| 2018 | 3.73% | 1.23% |
| 2017 | 0.61% | 1.06% |
| 2016 | 0.00% | 0.85% |
| 2015 | 0.00% | 0.46% |
| 2014 | 0.00% | 0.46% |
| 2013 | 0.00% | 0.49% |
| 2012 | 0.00% | 0.70% |
| 2011 | 0.00% | 0.80% |
| 2010 | 0.00% | 0.96% |
| 2009 | 0.00% | 1.01% |
| 2008 | 0.00% | 1.29% |
| 2007 | 0.00% | 0.36% |
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