NWLG vs PJFG
Nuveen Winslow Large-Cap Growth ESG ETF vs PGIM Jennison Focused Growth ETF
Which is better, NWLG or PJFG?
Each has led over a different period.
NWLG has a lower expense ratio. NWLG led over 1Y, PJFG over the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 61.0%.
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 | NWLG | PJFG |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.75% |
| AUM | $9M | $148M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 42 | 78 |
| Volatility (annualized) | 18.2% | 17.5%Best |
| Max Drawdown | -26.5% | -24.2%Best |
| $10,000 over 3.3 years | $15,174 | $19,616Best |
| Top 10 Weight | 60.4%Best | 61.0% |
| Fund Family | Nuveen | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 4, 2021 | Dec 12, 2022 |
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. NWLG has data through Apr 6, 2026 and PJFG through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Dec 14, 2022 to Apr 6, 2026 (3.3 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 17.5% for PJFG. 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 -26.5% for NWLG and -24.2% for PJFG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NWLG charges 0.65% per year while PJFG charges 0.75%. On a $10,000 position that is $65 vs $75 annually, a gap of $10 per year that compounds over a long holding period. On income, NWLG currently yields 0.00% against 0.00% for PJFG.
Holdings Overlap
69.5% of NWLG's money is in holdings PJFG also owns. 68.1% of PJFG's money is in holdings NWLG also owns.
The two portfolios partly overlap.
The two holdings books were reported 275 days apart, NWLG as of Dec 31, 2025 and PJFG as of Oct 2, 2026, 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 39 positions we hold weights for in NWLG and 37 in PJFG, against full books of 42 and 78.
What only one of them owns
Our book lists 16 positions for PJFG that do not appear in our book for NWLG (28.9% of the fund), and 20 for NWLG that do not appear in PJFG (29.9%).
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 NWLG | Weight in PJFG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 12.49% | 12.21% | 0.28% |
| MSFTMicrosoft Corp | 11.29% | 6.42% | 4.87% |
| AAPLApple, Inc | 8.76% | 6.74% | 2.02% |
| AMZNAmazon.Com Inc | 5.22% | 5.20% | 0.02% |
| AVGOBroadcom Inc | 5.58% | 4.72% | 0.86% |
| METAMeta Platforms Inc | 3.44% | 4.17% | 0.73% |
| LLYEli Lilly & Co. | 2.66% | 4.26% | 1.60% |
| MAMastercard Inc | 2.45% | 3.53% | 1.08% |
| AMDAdvanced Micro Devices Inc | 0.58% | 4.52% | 3.94% |
| TSLATesla Inc | 2.20% | 2.57% | 0.37% |
69.5% of NWLG is already inside PJFG.
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, NWLG or PJFG?
NWLG has an expense ratio of 0.65% while PJFG charges 0.75%. NWLG is the cheaper option, by $10 a year on a $10,000 investment.
Which is riskier, NWLG or PJFG?
NWLG has been the more volatile fund at 18.2% annualized versus 17.5% for PJFG. Worst drawdown: NWLG -26.5% vs PJFG -24.2%.
Should I hold both NWLG and PJFG?
NWLG and PJFG have a monthly-return correlation of 0.69, 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 NWLG and PJFG?
69.5% of NWLG's money is in holdings PJFG also owns. 68.1% of PJFG's is in holdings NWLG also owns. They hold 19 positions in common, counted across the 39 positions we hold weights for in NWLG and 37 in PJFG.
Which pays a higher dividend, NWLG or PJFG?
NWLG yields 0.00% while PJFG yields 0.00%, so PJFG currently pays the higher dividend yield.
Is PJFG better than NWLG?
NWLG has a lower expense ratio. NWLG led over 1Y, PJFG over the full window. NWLG is less concentrated, with 60.4% of the fund in its ten largest positions against 61.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.