NDVG vs. NWLG

Last updated Jun 4, 2026

NDVG (Nuveen Dividend Growth ETF) and NWLG (Nuveen Winslow Large-Cap Growth ESG ETF) are both Large Cap Growth Equities funds from Nuveen. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.64% expense ratio.

Performance

NDVG vs. NWLG - Performance Comparison

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

Returns By Period

NDVG

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

NWLG

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

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

NDVG vs. NWLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	17.60%	15.15%	-9.55%	11.07%
NWLG Nuveen Winslow Large-Cap Growth ESG ETF	-10.63%	13.21%	29.17%	43.55%	-31.52%	5.24%

Correlation

The correlation between NDVG and NWLG is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.79

The correlation between NDVG and NWLG has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

NDVG vs. NWLG - Sectors Allocation Comparison

Sectors	NDVG	NWLG
Technology	28.9%	48.0%
Financial Services	14.7%	5.9%
Industrials	10.2%	12.4%
Healthcare	9.8%	6.7%
Consumer Cyclical	9.7%	10.3%
Consumer Defensive	7.7%	1.0%
Energy	5.3%	-
Utilities	5.1%	-
Real Estate	3.9%	-
Communication Services	2.7%	14.7%
Basic Materials	2.2%	1.0%

Return for Risk

NDVG vs. NWLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth ETF (NDVG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

NDVG vs. NWLG - Expense Ratio Comparison

Both NDVG and NWLG have an expense ratio of 0.64%.

Dividends

NDVG vs. NWLG - Dividend Comparison

NDVG's dividend yield for the trailing twelve months is around 4.41%, less than NWLG's 15.71% yield.

Position	TTM	2025	2024	2023	2022	2021
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%
NWLG Nuveen Winslow Large-Cap Growth ESG ETF	15.71%	0.00%	0.00%	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDVG and NWLG in my portfolio?

NDVG and NWLG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDVG or NWLG?

Both ETFs have the same 0.64% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDVG or NWLG?

NDVG and NWLG have the same expense ratio: 0.64% per year.

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

NWLG has the higher dividend yield at 15.71%, compared with 4.41% for NDVG.