FMCX vs NUDG
FM Focus Equity ETF vs Nuveen Dividend Growth Fund ETF
Which is better, FMCX or NUDG?
NUDG has been ahead.
NUDG has a lower expense ratio. NUDG led over 1Y. NUDG is less concentrated, with 42.3% of the fund in its ten largest positions against 54.3%.
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 | FMCX | NUDG |
|---|---|---|
| Expense Ratio | 0.72% | 0.61%Best |
| AUM | $118M | $6.2B |
| Dividend Yield | 0.29% | 0.50% |
| Holdings | 32 | 43 |
| YTD Return | +5.03%Best | +2.67% |
| 1Y Return | +3.97% | - |
| 3Y Return (annualized) | +15.01% | - |
| Top 10 Weight | 54.3% | 42.3%Best |
| Fund Family | First Manhattan | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 22, 2022 | Jun 2, 2026 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
FMCX vs NUDG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FMCX vs NUDG Performance
FM Focus Equity ETF (FMCX) is an ETF from First Manhattan and Nuveen Dividend Growth Fund ETF (NUDG) is an ETF from Nuveen. Year to date, FMCX is up 5.03% versus a gain of 2.67% for NUDG.
Past performance does not guarantee future results.
Fees and Cost Over Time
FMCX charges 0.72% per year while NUDG charges 0.61%. On a $10,000 position that is $72 vs $61 annually, a gap of $11 per year that compounds over a long holding period. On income, FMCX currently yields 0.29% against 0.50% for NUDG.
Holdings Overlap
23.4% of FMCX's money is in holdings NUDG also owns. 23.7% of NUDG's money is in holdings FMCX also owns.
NUDG and FMCX share little of their money.
The two holdings books were reported 92 days apart, FMCX as of May 31, 2026 and NUDG as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
7 positions in common, counted across the 32 positions we hold weights for in FMCX and 42 in NUDG, against full books of 32 and 43.
What only one of them owns
Our book lists 34 positions for NUDG that do not appear in our book for FMCX (70.8% of the fund), and 23 for FMCX that do not appear in NUDG (73.4%).
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 FMCX | Weight in NUDG | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.63% | 7.67% | 1.04% |
| AVGOBroadcom Inc | 3.83% | 5.11% | 1.28% |
| LINLinde Plc Ordinary Shares | 3.25% | 2.45% | 0.80% |
| HONHoneywell International Inc | 4.41% | 1.07% | 3.34% |
| GOOGAlphabet Inc. C | 1.61% | 3.68% | 2.07% |
| BKNGBooking Holdings, Inc. | 2.10% | 1.93% | 0.17% |
| DHRDanaher Corporation | 1.56% | 1.75% | 0.19% |
23.7% of NUDG is already inside FMCX.
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, FMCX or NUDG?
FMCX has an expense ratio of 0.72% while NUDG charges 0.61%. NUDG is the cheaper option, by $11 a year on a $10,000 investment.
What is the holdings overlap between FMCX and NUDG?
23.7% of NUDG's money is in holdings FMCX also owns. 23.7% of NUDG's is in holdings FMCX also owns. They hold 7 positions in common, counted across the 32 positions we hold weights for in FMCX and 42 in NUDG.
Which pays a higher dividend, FMCX or NUDG?
FMCX yields 0.29% while NUDG yields 0.50%, so NUDG currently pays the higher dividend yield.
Is NUDG better than FMCX?
NUDG has a lower expense ratio. NUDG led over 1Y. NUDG is less concentrated, with 42.3% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.