NUGO vs NWLG
Nuveen Growth Opportunities ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, NUGO or NWLG?
NUGO has been ahead.
NUGO has a lower expense ratio. NUGO led over 1Y and the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 61.9%.
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 | NUGO | NWLG |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.65% |
| AUM | $2.5B | $9M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 46 | 42 |
| Volatility (annualized) | 19.1%Best | 21.3% |
| Max Drawdown | -38.0%Best | -39.9% |
| $10,000 over 4.5 years | $15,063Best | $11,982 |
| Top 10 Weight | 61.9% | 60.4%Best |
| Fund Family | Nuveen | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 27, 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. NUGO has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Sep 28, 2021 to Apr 6, 2026 (4.5 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 19.1% for NUGO. 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 -38.0% for NUGO 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NUGO charges 0.50% per year while NWLG charges 0.65%. On a $10,000 position that is $50 vs $65 annually, a gap of $15 per year that compounds over a long holding period. On income, NUGO currently yields 0.00% against 0.00% for NWLG.
Holdings Overlap
62.9% of NUGO's money is in holdings NWLG also owns. 67.6% of NWLG's money is in holdings NUGO also owns.
The two portfolios partly overlap.
The two holdings books were reported 275 days apart, NUGO 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.
19 positions in common, counted across the 43 positions we hold weights for in NUGO and 39 in NWLG, against full books of 46 and 42.
What only one of them owns
Our book lists 19 positions for NWLG that do not appear in our book for NUGO (30.0% of the fund), and 24 for NUGO that do not appear in NWLG (37.1%).
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 NUGO | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.71% | 12.49% | 3.22% |
| MSFTMicrosoft Corp | 7.15% | 11.29% | 4.14% |
| AAPLApple, Inc | 7.05% | 8.76% | 1.71% |
| AVGOBroadcom Inc | 5.98% | 5.58% | 0.40% |
| AMZNAmazon.Com Inc | 1.90% | 5.22% | 3.32% |
| LLYEli Lilly & Co. | 3.86% | 2.66% | 1.20% |
| MAMastercard Inc | 3.09% | 2.45% | 0.64% |
| METAMeta Platforms Inc | 2.09% | 3.44% | 1.35% |
| TSLATesla Inc | 2.24% | 2.20% | 0.04% |
| ANETArista Networks Inc. | 2.29% | 1.45% | 0.84% |
67.6% of NWLG is already inside NUGO.
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, NUGO or NWLG?
NUGO has an expense ratio of 0.50% while NWLG charges 0.65%. NUGO is the cheaper option, by $15 a year on a $10,000 investment.
Which is riskier, NUGO or NWLG?
NWLG has been the more volatile fund at 21.3% annualized versus 19.1% for NUGO. Worst drawdown: NUGO -38.0% vs NWLG -39.9%.
Should I hold both NUGO and NWLG?
NUGO and NWLG have a monthly-return correlation of 0.80, 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 NUGO and NWLG?
67.6% of NWLG's money is in holdings NUGO also owns. 67.6% of NWLG's is in holdings NUGO also owns. They hold 19 positions in common, counted across the 43 positions we hold weights for in NUGO and 39 in NWLG.
Which pays a higher dividend, NUGO or NWLG?
NUGO yields 0.00% while NWLG yields 0.00%, so NWLG currently pays the higher dividend yield.
Is NWLG better than NUGO?
NUGO has a lower expense ratio. NUGO led over 1Y and the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.