EMNT vs. NWLG

Last updated Jun 4, 2026

EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and NWLG (Nuveen Winslow Large-Cap Growth ESG ETF) are both exchange-traded funds - EMNT is a Ultrashort Bond fund actively managed by PIMCO, while NWLG is a Large Cap Growth Equities fund actively managed by Nuveen. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.64%/yr for NWLG.

Performance

EMNT vs. NWLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and Nuveen Winslow Large-Cap Growth ESG ETF (NWLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMNT

• 1D: -0.02%
• 1M: 0.39%
• YTD: 1.64%
• 6M: 1.97%
• 1Y: 4.38%
• 3Y*: 5.24%
• 5Y*: 3.43%
• 10Y*: —

NWLG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMNT vs. NWLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	1.64%	4.74%	5.79%	5.84%	-0.57%	-0.20%
NWLG Nuveen Winslow Large-Cap Growth ESG ETF	-10.63%	13.21%	29.17%	43.55%	-31.52%	5.24%

Correlation

The correlation between EMNT and NWLG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.08

Return for Risk

EMNT vs. NWLG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMNT

EMNT Risk / Return Rank: 99
EMNT Sharpe Ratio Rank: 99
EMNT Sortino Ratio Rank: 99
EMNT Omega Ratio Rank: 99
EMNT Calmar Ratio Rank: 99
EMNT Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMNT vs. NWLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and Nuveen Winslow Large-Cap Growth ESG ETF (NWLG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EMNT	NWLG	Difference
Sharpe ratio: Return per unit of total volatility	10.63	—	—
Sortino ratio: Return per unit of downside risk	21.17	—	—
Omega ratio: Gain probability vs. loss probability	5.63	—	—
Calmar ratio: Return relative to maximum drawdown	33.45	—	—
Martin ratio: Return relative to average drawdown	235.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EMNT	NWLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.63	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	4.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.51	—	—

Drawdowns

Drawdown Indicators

	EMNT	NWLG	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-1.70%	—	—
Current Drawdown Current decline from peak	-0.02%	—	—
Average Drawdown Average peak-to-trough decline	-0.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	—	—

Volatility

Volatility by Period

	EMNT	NWLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.83%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	—	—

EMNT vs. NWLG - Expense Ratio Comparison

EMNT has a 0.24% expense ratio, which is lower than NWLG's 0.64% expense ratio.

Dividends

EMNT vs. NWLG - Dividend Comparison

EMNT's dividend yield for the trailing twelve months is around 4.00%, less than NWLG's 15.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	4.00%	4.46%	5.14%	4.62%	2.79%	0.66%	1.44%
NWLG Nuveen Winslow Large-Cap Growth ESG ETF	15.71%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMNT and NWLG in my portfolio?

EMNT and NWLG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMNT or NWLG?

On fees, EMNT is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMNT or NWLG?

EMNT is cheaper with a 0.24% expense ratio, compared with 0.64% for NWLG.

Which ETF pays a higher dividend yield, EMNT or NWLG?

NWLG has the higher dividend yield at 15.71%, compared with 4.00% for EMNT.

What is the main difference between EMNT and NWLG?

EMNT is categorized as Ultrashort Bond, while NWLG is Large Cap Growth Equities. They also come from different issuers: PIMCO and Nuveen. Their fees differ too: 0.24% for EMNT and 0.64% for NWLG.