NUGO vs PGRO
Nuveen Growth Opportunities ETF vs Putnam Focused Large Cap Growth ETF
Which is better, NUGO or PGRO?
Nearly the same fund. PGRO costs less.
PGRO has a lower expense ratio. NUGO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. PGRO is less concentrated, with 58.8% 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 | PGRO |
|---|---|---|
| Expense Ratio | 0.50% | 0.49%Best |
| AUM | $2.5B | $222M |
| Dividend Yield | 0.00% | 0.02% |
| Holdings | 46 | 43 |
| YTD Return | +9.42%Best | +7.57% |
| 1Y Return | +11.31%Best | +8.94% |
| 3Y Return (annualized) | +23.57%Best | +22.58% |
| 5Y Return (annualized) | +12.11%Best | +11.60% |
| Volatility (annualized) | 19.4%Best | 19.6% |
| Max Drawdown | -38.0% | -34.7%Best |
| $10,000 over 5 years | $17,710Best | $17,311 |
| Top 10 Weight | 61.9% | 58.8%Best |
| Fund Family | Nuveen | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 27, 2021 | May 25, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2021 to Oct 14, 2026 (5 years).
NUGO vs PGRO 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 covers the 5 years both funds cover.
NUGO vs PGRO Performance
Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen and Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments. Over the past year NUGO returned +11.31% while PGRO returned +8.94%. Year to date, NUGO is up 9.42% versus a gain of 7.57% for PGRO.
Over three years, NUGO compounded at +23.57% per year against +22.58% for PGRO; over five years the annualized figures are +12.11% and +11.60% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGRO has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 19.4% 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 -34.7% for PGRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NUGO charges 0.50% per year while PGRO charges 0.49%. On a $10,000 position that is $50 vs $49 annually, a gap of $1 per year that compounds over a long holding period. On income, NUGO currently yields 0.00% against 0.02% for PGRO.
Holdings Overlap
75.8% of NUGO's money is in holdings PGRO also owns. 78.5% of PGRO's money is in holdings NUGO also owns.
Most of PGRO is already inside NUGO. Owning both mostly buys the same companies twice.
21 positions in common, counted across the 43 positions we hold weights for in NUGO and 40 in PGRO, against full books of 46 and 43.
What only one of them owns
Measured across the 43 and 40 positions we hold weights for.
PGRO holds 18 positions NUGO does not, 20.5% of the fund.
Largest: V 2.67%, CDNS 1.75%, COHR 1.38%, COST 1.38%, LYV 1.22%
Top Shared Holdings
| Stock | Weight in NUGO | Weight in PGRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.71% | 14.08% | 1.63% |
| GOOGLAlphabet Inc | 10.15% | 9.39% | 0.76% |
| AAPLApple, Inc | 7.05% | 6.38% | 0.67% |
| MSFTMicrosoft Corp | 7.15% | 5.06% | 2.09% |
| AVGOBroadcom Inc | 5.98% | 4.75% | 1.23% |
| LLYEli Lilly & Co. | 3.86% | 3.90% | 0.04% |
| METAMeta Platforms Inc | 2.09% | 4.68% | 2.59% |
| MUMicron Technology, Inc. | 3.02% | 3.52% | 0.50% |
| AMDAdvanced Micro Devices Inc | 3.05% | 3.36% | 0.31% |
| MAMastercard Inc | 3.09% | 2.95% | 0.14% |
78.5% of PGRO 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 PGRO?
NUGO has an expense ratio of 0.50% while PGRO charges 0.49%. PGRO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, NUGO or PGRO?
Over the past year NUGO returned +11.31% vs +8.94% for PGRO, so NUGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NUGO or PGRO?
PGRO has been the more volatile fund at 19.6% annualized versus 19.4% for NUGO. Worst drawdown: NUGO -38.0% vs PGRO -34.7%.
Should I hold both NUGO and PGRO?
NUGO and PGRO have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between NUGO and PGRO?
78.5% of PGRO's money is in holdings NUGO also owns. 78.5% of PGRO's is in holdings NUGO also owns. They hold 21 positions in common, counted across the 43 positions we hold weights for in NUGO and 40 in PGRO.
Which pays a higher dividend, NUGO or PGRO?
NUGO yields 0.00% while PGRO yields 0.02%, so PGRO currently pays the higher dividend yield.
Is PGRO better than NUGO?
PGRO has a lower expense ratio. NUGO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. PGRO is less concentrated, with 58.8% 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.