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Nuveen Short-Term REIT ETF

NURE
$
Today’s Change
()

Snapshot
*

Inception Date
Dec 19, 2016
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Nuveen
Volume (1m avg. daily)
$357,772
AUM
$49,768,380
Associated Index
Dow Jones U.S. Select Short-Term REIT Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

SUI
Sun Communities, Inc.
5.3%
ELS
Equity Lifestyle Properties Inc.
5.24%
AVB
Avalonbay Communities Inc.
5.15%
HST
Host Hotels & Resorts Inc
5.15%
PSA
Public Storage.
5.11%
EXR
Extra Space Storage Inc.
5.1%
AMH
American Homes 4 Rent - Ordinary Shares - Class A
5.04%
INVH
Invitation Homes Inc
5.01%
CUBE
CubeSmart
4.99%
EQR
Equity Residential Properties Trust
4.92%

What is NURE?

The Fund seeks to track the investments results, before fees and expenses, of the Dow Jones U.S. Select Short-Term REIT Index. The Fund employs a passive management (or indexing ) approach, investing in U.S. real estate investment trusts (REITs) with short-term lease agreements which may exhibit less price sensitivity to interest rate changes than REITs with longer-term lease agreements. The Dow Jones U.S. Select Short-Term REIT Index (the Index ) is composed of U.S. exchange-traded equity REITs that concentrate their holdings in apartment buildings, hotels, self-storage facilities and manufactured home properties, which typically have shorter lease durations than REITs that invest in other sectors. The Index is rebalanced on a quarterly basis and uses a rules-based methodology that weights REITs by market capitalization, subject to a 5% maximum weight per constituent.

1M
3M
6M
YTD
1Y
3Y
Max

NURE
Performance Measures**

for the time period Dec 20, 2016 to Dec 5, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -6.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -46.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 22.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.32

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.10

The annualized return divided by the max drawdown for the selected time period.

ETFs related toNURE

ETFs correlated to NURE include REZ, BBRE, RWR

NURE
Nuveen Fund Advisors LLC - Nuveen Short-Term REIT ETF
REZ
BlackRock Institutional Trust Company N.A. - iShares Residential and Multisector Real Estate ETF
BBRE
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders MSCI U.S. REIT ETF
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF
USRT
BlackRock Institutional Trust Company N.A. - iShares Core U.S. REIT ETF
RSPR
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Real Estate ETF
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toNURE

Aggressive Battleship III/ Sort WM 74

Category

Tactical allocation, trend-following, momentum rotation, multi-asset, leveraged ETFs, crash-hedge, commodities tilt, daily rebalanced

OOS Cumulative Return

149.38%

FTLT V5 W/ Frontrunner V4 + Aggressive Battleship V2 WM74

Category

Trend-following, momentum, mean-reversion, volatility hedge, leveraged/inverse ETFs, tactical allocation, commodities, daily rebalancing

OOS Cumulative Return

139.74%

Create your own algorithmic trading strategy with NURE using Composer

FAQ

NURE is a US Equities ETF. The Fund seeks to track the investments results, before fees and expenses, of the Dow Jones U.S. Select Short-Term REIT Index. The Fund employs a passive management (or indexing ) approach, investing in U.S. real estate investment trusts (REITs) with short-term lease agreements which may exhibit less price sensitivity to interest rate changes than REITs with longer-term lease agreements. The Dow Jones U.S. Select Short-Term REIT Index (the Index ) is composed of U.S. exchange-traded equity REITs that concentrate their holdings in apartment buildings, hotels, self-storage facilities and manufactured home properties, which typically have shorter lease durations than REITs that invest in other sectors. The Index is rebalanced on a quarterly basis and uses a rules-based methodology that weights REITs by market capitalization, subject to a 5% maximum weight per constituent.

NURE tracks the Dow Jones U.S. Select Short-Term REIT Index.

No, NURE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, NURE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NURE is -0.0375%. This is the percent change in the value of NURE over the most recent 1-month period. The 3-month return on NURE is -0.0649%. This is the percent change in the value of NURE over the most recent 3-month period.

The standard deviation of NURE for the past year is 0.2252%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NURE include XLI, XLY, and XLV.

ETFs correlated to NURE include REZ, BBRE, and RWR.

ETFs that are inversely correlated to NURE include SRS, DRV, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.