MFSG vs NWLG
MFS Active Growth ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, MFSG or NWLG?
Each has led over a different period.
MFSG has a lower expense ratio. MFSG led over the full window, NWLG over 1Y. MFSG is less concentrated, with 53.3% 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 | MFSG | NWLG |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.65% |
| AUM | $406M | $9M |
| Dividend Yield | 0.06% | 0.00% |
| Holdings | 69 | 42 |
| Volatility (annualized) | 16.0%Best | 19.9% |
| Max Drawdown | -23.2%Best | -26.5% |
| $10,000 over 1.3 years | $10,231Best | $8,499 |
| Top 10 Weight | 53.3%Best | 60.4% |
| Fund Family | MFS Investment Management | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 5, 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. MFSG has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Dec 5, 2024 to Apr 6, 2026 (1.3 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 16.0% for MFSG. 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 -23.2% for MFSG 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 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MFSG charges 0.49% per year while NWLG charges 0.65%. On a $10,000 position that is $49 vs $65 annually, a gap of $16 per year that compounds over a long holding period. On income, MFSG currently yields 0.06% against 0.00% for NWLG.
Holdings Overlap
50.2% of MFSG's money is in holdings NWLG also owns. 67.9% of NWLG's money is in holdings MFSG also owns.
The two portfolios partly overlap.
The two holdings books were reported 258 days apart, MFSG 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.
19 positions in common, counted across the 67 positions we hold weights for in MFSG and 39 in NWLG, against full books of 69 and 42.
What only one of them owns
Our book lists 20 positions for NWLG that do not appear in our book for MFSG (31.5% of the fund), and 44 for MFSG that do not appear in NWLG (45.4%).
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 MFSG | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.98% | 12.49% | 1.49% |
| MSFTMicrosoft Corp | 5.28% | 11.29% | 6.01% |
| AAPLApple, Inc | 6.42% | 8.76% | 2.34% |
| AVGOBroadcom Inc | 3.20% | 5.58% | 2.38% |
| AMZNAmazon.Com Inc | 2.83% | 5.22% | 2.39% |
| METAMeta Platforms Inc | 2.81% | 3.44% | 0.63% |
| VVisa Inc Class A | 3.36% | 2.24% | 1.12% |
| SNOWSnowflake Inc | 1.36% | 2.28% | 0.92% |
| GEVGe Vernova, Inc. | 1.90% | 1.53% | 0.37% |
| ANETArista Networks Inc. | 1.96% | 1.45% | 0.51% |
67.9% of NWLG is already inside MFSG.
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, MFSG or NWLG?
MFSG has an expense ratio of 0.49% while NWLG charges 0.65%. MFSG is the cheaper option, by $16 a year on a $10,000 investment.
Which is riskier, MFSG or NWLG?
NWLG has been the more volatile fund at 19.9% annualized versus 16.0% for MFSG. Worst drawdown: MFSG -23.2% vs NWLG -26.5%.
Should I hold both MFSG and NWLG?
MFSG and NWLG have a monthly-return correlation of 0.34, 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 MFSG and NWLG?
67.9% of NWLG's money is in holdings MFSG also owns. 67.9% of NWLG's is in holdings MFSG also owns. They hold 19 positions in common, counted across the 67 positions we hold weights for in MFSG and 39 in NWLG.
Which pays a higher dividend, MFSG or NWLG?
MFSG yields 0.06% while NWLG yields 0.00%, so MFSG currently pays the higher dividend yield.
Is NWLG better than MFSG?
MFSG has a lower expense ratio. MFSG led over the full window, NWLG over 1Y. MFSG is less concentrated, with 53.3% 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.