FLCG vs NWLG
Federated Hermes MDT Large Cap Growth ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, FLCG or NWLG?
Each has led over a different period.
FLCG has a lower expense ratio. FLCG led over the full window, NWLG over 1Y. FLCG is less concentrated, with 56.5% of the fund in its ten largest positions against 60.4%.
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 | FLCG | NWLG |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.65% |
| AUM | $687M | $9M |
| Dividend Yield | 0.04% | 0.00% |
| Holdings | 208 | 42 |
| Volatility (annualized) | 14.3%Best | 18.2% |
| Max Drawdown | -22.9%Best | -26.5% |
| $10,000 over 1.7 years | $12,101Best | $9,460 |
| Top 10 Weight | 56.5%Best | 60.4% |
| Fund Family | Federated Hermes | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 30, 2024 | 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. FLCG has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jul 31, 2024 to Apr 6, 2026 (1.7 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 14.3% for FLCG. 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 -22.9% for FLCG 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 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLCG charges 0.39% per year while NWLG charges 0.65%. On a $10,000 position that is $39 vs $65 annually, a gap of $26 per year that compounds over a long holding period. On income, FLCG currently yields 0.04% against 0.00% for NWLG.
Holdings Overlap
51.2% of FLCG's money is in holdings NWLG also owns. 68.3% of NWLG's money is in holdings FLCG also owns.
The two portfolios partly overlap.
The two holdings books were reported 275 days apart, FLCG as of Oct 2, 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.
20 positions in common, counted across the 100 positions we hold weights for in FLCG and 39 in NWLG, against full books of 208 and 42.
What only one of them owns
Our book lists 18 positions for NWLG that do not appear in our book for FLCG (29.4% of the fund), and 75 for FLCG that do not appear in NWLG (48.0%).
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 FLCG | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.20% | 12.49% | 2.71% |
| AAPLApple, Inc | 7.97% | 8.76% | 0.79% |
| MSFTMicrosoft Corp | 4.54% | 11.29% | 6.75% |
| AVGOBroadcom Inc | 3.10% | 5.58% | 2.48% |
| METAMeta Platforms Inc | 2.88% | 3.44% | 0.56% |
| AMZNAmazon.Com Inc | 0.61% | 5.22% | 4.61% |
| TSLATesla Inc | 3.00% | 2.20% | 0.80% |
| LLYEli Lilly & Co. | 2.37% | 2.66% | 0.29% |
| ANETArista Networks Inc. | 2.58% | 1.45% | 1.13% |
| GEVGe Vernova, Inc. | 2.19% | 1.53% | 0.66% |
68.3% of NWLG is already inside FLCG.
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, FLCG or NWLG?
FLCG has an expense ratio of 0.39% while NWLG charges 0.65%. FLCG is the cheaper option, by $26 a year on a $10,000 investment.
Which is riskier, FLCG or NWLG?
NWLG has been the more volatile fund at 18.2% annualized versus 14.3% for FLCG. Worst drawdown: FLCG -22.9% vs NWLG -26.5%.
Should I hold both FLCG and NWLG?
FLCG and NWLG have a monthly-return correlation of 0.47, 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 FLCG and NWLG?
68.3% of NWLG's money is in holdings FLCG also owns. 68.3% of NWLG's is in holdings FLCG also owns. They hold 20 positions in common, counted across the 100 positions we hold weights for in FLCG and 39 in NWLG.
Which pays a higher dividend, FLCG or NWLG?
FLCG yields 0.04% while NWLG yields 0.00%, so FLCG currently pays the higher dividend yield.
Is NWLG better than FLCG?
FLCG has a lower expense ratio. FLCG led over the full window, NWLG over 1Y. FLCG is less concentrated, with 56.5% of the fund in its ten largest positions against 60.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.