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NSCI vs SECU

Nuveen Securitized Income

NSCIANYSE Arca

iShares Securitized Income Active ETF

SECUCCboe

Overlap

No data

Expense ratio

NSCI −0.03pt a year

NSCI0.38%SECU0.41%

Avg volume · 30D

SECU 3.0×the volume

NSCI67.2KSECU199K

NSCI vs SECU Performance

Jul 31, 2026 – Oct 30, 2026

+0.1%NSCI+0.2%SECU

Jul 31, 2026 to Oct 30, 2026. NSCI +0.1%. SECU +0.2%. Use the arrow keys to read each point.−1%−0.5%0.5%Jul 2026Sep 2026Oct 2026
Expense ratio
NSCI 0.38%, better
SECU 0.41%
Fund size
NSCI $310M
SECU $843M
1Y total return
NSCI +3.8%
SECU No data
Holdings
NSCI 261
SECU 922
Avg volume (30D)
NSCI 67.2K sh
SECU 199K sh, better
NAV per share
NSCI $24.98
SECU $48.98
52W range

ETF.net Grade

NSCI: Cost 68, Risk 62, Mission 6, Tradability 74, Holdings 88, Durability 65. SECU: Cost 33, Risk 32, Mission 24, Tradability 71, Holdings 70, Durability 91.
Pillar letters and Scores for NSCI, SECU, with each pillar’s weight
PillarNSCISECU
Cost30% weightB68HigherD33
Mission25% weightF6F24Higher
Risk15% weightB62HigherD32
Tradability15% weightA74HigherA71
Holdings10% weightA88HigherA70
Durability5% weightB65A91Higher

Rank among Multi-Sector Securitized Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NSCI and SECU are both graded against the same 11 Multi-Sector Securitized Bond funds, so their Grades compare head to head.

Multi-Sector Securitized Bond⁠

Category · 11 funds
See all 11 ›

NSCI ranks 1st and SECU 4th of 11 funds in the Multi-Sector Securitized Bond Category.

  1. Rank 1ANSCINuveen Securitized IncomeScore 70
  2. Rank 2BDABSDoubleLine Asset-Backed Securities ETFScore 56
  3. Rank 3CWDEPrincipal Securitized Debt ETFScore 52
  4. Rank 4CSECUiShares Securitized Income Active ETFScore 49
  5. Rank 5CJSIJanus Henderson Securitized Income ETFScore 46

Our read on each fund

ETF.net Research

NSCIANuveen Securitized Income

SECUCiShares Securitized Income Active ETF

In short

NSCI Securitized credit is the bond market's plumbing: mortgage, consumer-loan and CLO paper that broad index funds only skim. NSCI is Nuveen's active run at it, holding at least 80% in structured bonds with room to reach below investment grade.

SECU A 2005-vintage BlackRock mortgage-bond strategy that moved into an ETF wrapper in January 2026: active, roughly 900 securitized bonds deep, at 0.41% with no waiver due to expire.

Stated mandate

NSCI The Fund seeks a high level of current income and total return. It is actively managed and normally invests at least 80% of net assets plus investment borrowings in securitized credit investments.

SECU The Fund seeks high total return through active management of a diversified portfolio of securitized fixed-income assets.

Why people hold it

  • NSCI Active securitized credit for 0.38% a year, under its bond-cohort median and under the closest rival, iShares' SECU at 0.40%.sec.gov
  • Mandate spans agency and non-agency MBS, CMBS, ABS and CLOs, spread across roughly 200 positions rather than a handful of big bets.sec.govnuveen.com
  • Guardrails are in the prospectus: up to 50% below investment grade, nothing rated under CCC at purchase, unrated capped at 25%.sec.gov
  • SECU Rare pedigree: the strategy launched as a BlackRock mutual fund on July 29, 2005 and was reorganized into this ETF on January 23, 2026, so the research desk predates the ticker.sec.govblackrock.com
  • Wide net: roughly 900 positions spanning asset-backed bonds, agency and non-agency mortgage paper, CLOs and CMOs, up and down the capital structure.sec.gov
  • The 0.41% fee is the whole story: gross equals net, no waiver propping it up, and it sits near the median for funds in the securitized bond group.
  • Active mandate, no index leash. Managers can hold investment grade or high yield at any maturity, with at least 80% of assets in securitized exposure.sec.gov

Worth knowing

  • NSCI No index to hug. Returns ride on Nuveen's securitized desk picking the right structures, which cuts both ways.sec.gov
  • Launched in 2025, so there is no long record to judge the strategy through a full credit cycle.
  • Thinly traded and small so far, which can mean wider spreads than household bond ETFs, especially on large or hurried orders.
  • SECU At least 25% of total assets sits in non-agency mortgage bonds, which carry no US government backing. Credit and prepayment swings come attached to the income.sec.gov
  • Cheaper doors exist in the same category: Principal's WDE charges 0.19% and Nuveen's NSCI 0.38%, neither relying on a waiver.
  • The wrapper is young even if the strategy isn't, so exchange-traded history on spreads and volatility is thin next to the predecessor fund's record.sec.gov

Full NSCI profile⁠

Full SECU profile⁠

NSCI vs SECU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NSCI vs SECU Cost

Overpaying SECU vs NSCI

$575

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NSCI 0.38%

    $7,706

  • SECU 0.41%

    $8,281

$10,000
30 years

Cost over time

  • NSCI 0.38%
  • SECU 0.41%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530SECU $8,281NSCI $7,706

Year by year

YearNSCISECUOverpaying
10$688$741$53
20$2,658$2,860$202
30$7,706$8,281$575

Expense ratio

  • 0.38%NSCI, cheaper
  • 0.41%SECU
  • Middle half of Multi-Sector Securitized Bond funds
  • Median 0.39%

NSCI 4th cheapest of 11 funds

SECU 8th cheapest of 11 funds

NSCI vs SECU Dividends

Last 12 months to Oct 30, 2026
Last payment
NSCI $0.10
SECU $0.28
Ex-dividend
NSCI Oct 1, 2026
SECU Oct 1, 2026
Paid on
NSCI Oct 2, 2026
SECU Oct 6, 2026
Frequency
NSCI Monthly
SECU Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

NSCIMonthly · 12 paymentsAll NSCI payments⁠
One bar per payment. 12 payments from 2025 to 2026 YTD. Nov 3, 2025 $0.08; Dec 1, 2025 $0.08; Dec 18, 2025 $0.12; Feb 2, 2026 $0.09; Mar 2, 2026 $0.10; Apr 1, 2026 $0.10; May 1, 2026 $0.10; Jun 1, 2026 $0.10; Jul 1, 2026 $0.10; Aug 3, 2026 $0.10; Sep 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.$0$0.252026YTD
SECUMonthly · 8 paymentsAll SECU payments⁠
One bar per payment. 8 payments from 2025 to 2026 YTD. Mar 2, 2026 $0.36; Apr 1, 2026 $0.25; May 1, 2026 $0.19; Jun 1, 2026 $0.24; Jul 1, 2026 $0.21; Aug 3, 2026 $0.19; Sep 1, 2026 $0.24; Oct 1, 2026 $0.28. Use the arrow keys to read each point.$0$0.252026YTD

NSCI vs SECU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NSCI 1.7%since Oct 2025SECU No data
Return per unit of riskSharpe ratio, 3 years
NSCI 0.06since Oct 2025SECU No data
Worst fallMax drawdown, 5 years
NSCI −1.1%since Sep 2025SECU No data
Market sensitivityBeta, 5 years
NSCI 0.05SECU 0.80

Popular comparisons

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    Expense ratio
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