CARK vs NWLG
CastleArk Large Growth ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, CARK or NWLG?
CARK has been ahead.
CARK has a lower expense ratio. CARK led over 1Y and the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 63.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CARK | NWLG |
|---|---|---|
| Expense Ratio | 0.54%Best | 0.65% |
| AUM | $351M | $9M |
| Dividend Yield | 0.01% | 0.00% |
| Holdings | 60 | 42 |
| Volatility (annualized) | 15.7%Best | 17.9% |
| Max Drawdown | -25.2%Best | -26.5% |
| $10,000 over 2.3 years | $13,297Best | $11,777 |
| Top 10 Weight | 63.4% | 60.4%Best |
| Fund Family | CastleArk Management LLC | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 6, 2023 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CARK has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Dec 7, 2023 to Apr 6, 2026 (2.3 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.7% for CARK. 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 -25.2% for CARK and -26.5% for NWLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CARK charges 0.54% per year while NWLG charges 0.65%. On a $10,000 position that is $54 vs $65 annually, a gap of $11 per year that compounds over a long holding period. On income, CARK currently yields 0.01% against 0.00% for NWLG.
Holdings Overlap
70.8% of CARK's money is in holdings NWLG also owns. 66.6% of NWLG's money is in holdings CARK also owns.
Most of CARK is already inside NWLG. Owning both mostly buys the same companies twice.
The two holdings books were reported 274 days apart, CARK as of Oct 1, 2026 and NWLG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
18 positions in common, counted across the 29 positions we hold weights for in CARK and 39 in NWLG, against full books of 60 and 42.
What only one of them owns
Our book lists 21 positions for NWLG that do not appear in our book for CARK (32.8% of the fund), and 11 for CARK that do not appear in NWLG (28.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CARK | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.36% | 12.49% | 1.87% |
| MSFTMicrosoft Corp | 4.68% | 11.29% | 6.61% |
| AAPLApple, Inc | 6.30% | 8.76% | 2.46% |
| AVGOBroadcom Inc | 4.24% | 5.58% | 1.34% |
| LLYEli Lilly & Co. | 5.21% | 2.66% | 2.55% |
| AMZNAmazon.Com Inc | 2.23% | 5.22% | 2.99% |
| METAMeta Platforms Inc | 3.48% | 3.44% | 0.04% |
| ANETArista Networks Inc Common Stock | 5.25% | 1.45% | 3.80% |
| VVisa Inc Class A | 4.45% | 2.24% | 2.21% |
| SNOWSnowflake Inc | 4.04% | 2.28% | 1.76% |
70.8% of CARK is already inside NWLG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARK or NWLG?
CARK has an expense ratio of 0.54% while NWLG charges 0.65%. CARK is the cheaper option, by $11 a year on a $10,000 investment.
Which is riskier, CARK or NWLG?
NWLG has been the more volatile fund at 17.9% annualized versus 15.7% for CARK. Worst drawdown: CARK -25.2% vs NWLG -26.5%.
Should I hold both CARK and NWLG?
CARK and NWLG have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CARK and NWLG?
70.8% of CARK's money is in holdings NWLG also owns. 66.6% of NWLG's is in holdings CARK also owns. They hold 18 positions in common, counted across the 29 positions we hold weights for in CARK and 39 in NWLG.
Which pays a higher dividend, CARK or NWLG?
CARK yields 0.01% while NWLG yields 0.00%, so CARK currently pays the higher dividend yield.
Is NWLG better than CARK?
CARK has a lower expense ratio. CARK led over 1Y and the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 63.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.