HFGO vs NWLG
Hartford Large Cap Growth ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, HFGO or NWLG?
HFGO has been ahead.
HFGO has a lower expense ratio. HFGO led over 1Y and the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 61.2%.
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 | HFGO | NWLG |
|---|---|---|
| Expense Ratio | 0.59%Best | 0.65% |
| AUM | $186M | $9M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 48 | 42 |
| Volatility (annualized) | 21.9% | 21.3%Best |
| Max Drawdown | -44.6% | -39.9%Best |
| $10,000 over 4.4 years | $12,683Best | $11,010 |
| Top 10 Weight | 61.2% | 60.4%Best |
| Fund Family | Hartford Funds | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 9, 2021 | 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. HFGO has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Nov 10, 2021 to Apr 6, 2026 (4.4 years).
Risk: Volatility and Drawdowns
HFGO has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 21.3% for NWLG. 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 -44.6% for HFGO and -39.9% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFGO charges 0.59% per year while NWLG charges 0.65%. On a $10,000 position that is $59 vs $65 annually, a gap of $6 per year that compounds over a long holding period. On income, HFGO currently yields 0.00% against 0.00% for NWLG.
Holdings Overlap
56.5% of HFGO's money is in holdings NWLG also owns. 69.3% of NWLG's money is in holdings HFGO also owns.
The two portfolios partly overlap.
The two holdings books were reported 258 days apart, HFGO as of Sep 15, 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.
17 positions in common, counted across the 46 positions we hold weights for in HFGO and 39 in NWLG, against full books of 48 and 42.
What only one of them owns
Our book lists 22 positions for NWLG that do not appear in our book for HFGO (30.1% of the fund), and 24 for HFGO that do not appear in NWLG (36.8%).
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 HFGO | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.55% | 12.49% | 4.06% |
| MSFTMicrosoft Corp | 5.33% | 11.29% | 5.96% |
| AAPLApple, Inc | 4.81% | 8.76% | 3.95% |
| AVGOBroadcom Inc | 5.41% | 5.58% | 0.17% |
| AMZNAmazon.Com Inc | 4.50% | 5.22% | 0.72% |
| METAMeta Platforms Inc | 4.54% | 3.44% | 1.10% |
| GOOGAlphabet Inc. C | 1.01% | 6.20% | 5.19% |
| LLYEli Lilly & Co. | 3.82% | 2.66% | 1.16% |
| ANETArista Networks Inc. | 2.85% | 1.45% | 1.40% |
| SPOTSpotify Technology S.A. Ordinary Shares | 1.87% | 2.08% | 0.21% |
69.3% of NWLG is already inside HFGO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, HFGO or NWLG?
HFGO has an expense ratio of 0.59% while NWLG charges 0.65%. HFGO is the cheaper option, by $6 a year on a $10,000 investment.
Which is riskier, HFGO or NWLG?
HFGO has been the more volatile fund at 21.9% annualized versus 21.3% for NWLG. Worst drawdown: HFGO -44.6% vs NWLG -39.9%.
Should I hold both HFGO and NWLG?
HFGO and NWLG have a monthly-return correlation of 0.81, 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 HFGO and NWLG?
69.3% of NWLG's money is in holdings HFGO also owns. 69.3% of NWLG's is in holdings HFGO also owns. They hold 17 positions in common, counted across the 46 positions we hold weights for in HFGO and 39 in NWLG.
Which pays a higher dividend, HFGO or NWLG?
HFGO yields 0.00% while NWLG yields 0.00%, so NWLG currently pays the higher dividend yield.
Is NWLG better than HFGO?
HFGO has a lower expense ratio. HFGO led over 1Y and the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 61.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.