IUSG vs. NULC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core S&P U.S. Growth ETF (IUSG) and Nuveen ESG Large-Cap ETF (NULC).

IUSG and NULC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSG is a passively managed fund by iShares that tracks the performance of the Russell 3000 Growth Index. It was launched on Jul 24, 2000. NULC is a passively managed fund by Nuveen that tracks the performance of the MSCI TIAA ESG USA Large Cap. It was launched on Jun 3, 2019. Both IUSG and NULC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IUSG vs. NULC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Growth ETF (IUSG) and Nuveen ESG Large-Cap ETF (NULC). The values are adjusted to include any dividend payments, if applicable.

IUSG vs. NULC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IUSG iShares Core S&P U.S. Growth ETF	-6.29%	21.23%	34.70%	29.28%	-28.81%	31.26%	32.65%	14.56%
NULC Nuveen ESG Large-Cap ETF	-2.29%	16.29%	18.71%	22.54%	-20.18%	25.69%	22.51%	16.89%

Returns By Period

In the year-to-date period, IUSG achieves a -6.29% return, which is significantly lower than NULC's -2.29% return.

IUSG

• 1D: 1.35%
• 1M: -4.30%
• YTD: -6.29%
• 6M: -4.63%
• 1Y: 23.27%
• 3Y*: 21.89%
• 5Y*: 12.17%
• 10Y*: 15.66%

NULC

• 1D: 1.02%
• 1M: -3.74%
• YTD: -2.29%
• 6M: -1.18%
• 1Y: 17.46%
• 3Y*: 15.88%
• 5Y*: 8.92%
• 10Y*: —

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

IUSG vs. NULC - Expense Ratio Comparison

IUSG has a 0.04% expense ratio, which is lower than NULC's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

NULC

Nuveen ESG Large-Cap ETF

IUSG

iShares Core S&P U.S. Growth ETF

Return for Risk

IUSG vs. NULC — Risk / Return Rank

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

IUSG

IUSG Risk / Return Rank: 64
IUSG Sharpe Ratio Rank: 58
IUSG Sortino Ratio Rank: 63
IUSG Omega Ratio Rank: 61
IUSG Calmar Ratio Rank: 70
IUSG Martin Ratio Rank: 69

NULC

NULC Risk / Return Rank: 56
NULC Sharpe Ratio Rank: 51
NULC Sortino Ratio Rank: 53
NULC Omega Ratio Rank: 53
NULC Calmar Ratio Rank: 57
NULC Martin Ratio Rank: 64

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.

IUSG vs. NULC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Growth ETF (IUSG) and Nuveen ESG Large-Cap ETF (NULC). 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.

	IUSG	NULC	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.97	+0.09
Sortino ratio Return per unit of downside risk	1.64	1.47	+0.17
Omega ratio Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	1.87	1.57	+0.30
Martin ratio Return relative to average drawdown	7.25	6.94	+0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSG vs. NULC - Sharpe Ratio Comparison

The current IUSG Sharpe Ratio is 1.06, which is comparable to the NULC Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of IUSG and NULC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IUSG	NULC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.97	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.53	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.68	-0.34

Correlation

The correlation between IUSG and NULC is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IUSG vs. NULC - Dividend Comparison

IUSG's dividend yield for the trailing twelve months is around 0.57%, less than NULC's 10.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSG iShares Core S&P U.S. Growth ETF	0.57%	0.53%	0.59%	1.12%	1.07%	0.59%	0.93%	1.64%	1.32%	1.28%	1.48%	1.29%
NULC Nuveen ESG Large-Cap ETF	10.41%	10.17%	1.86%	1.32%	2.37%	6.14%	4.07%	0.77%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IUSG vs. NULC - Drawdown Comparison

The maximum IUSG drawdown since its inception was -63.41%, which is greater than NULC's maximum drawdown of -34.86%. Use the drawdown chart below to compare losses from any high point for IUSG and NULC.

Drawdown Indicators

	IUSG	NULC	Difference
Max Drawdown Largest peak-to-trough decline	-63.41%	-34.86%	-28.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-11.34%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-32.21%	-27.90%	-4.31%
Max Drawdown (10Y) Largest decline over 10 years	-32.35%	—	—
Current Drawdown Current decline from peak	-8.34%	-5.49%	-2.85%
Average Drawdown Average peak-to-trough decline	-21.57%	-6.43%	-15.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.56%	+0.81%

Volatility

IUSG vs. NULC - Volatility Comparison

iShares Core S&P U.S. Growth ETF (IUSG) has a higher volatility of 7.27% compared to Nuveen ESG Large-Cap ETF (NULC) at 5.48%. This indicates that IUSG's price experiences larger fluctuations and is considered to be riskier than NULC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUSG	NULC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	5.48%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	10.17%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	18.07%	+3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	16.83%	+4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	19.82%	+0.52%