NUDV vs. NDVG

Last updated Jun 4, 2026

NUDV (Nuveen ESG Dividend ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. NUDV is passively managed, while NDVG is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. NUDV charges 0.26%/yr vs 0.64%/yr for NDVG.

Performance

NUDV vs. NDVG - Performance Comparison

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

Returns By Period

NUDV

• 1D: -0.72%
• 1M: 1.42%
• YTD: 9.63%
• 6M: 10.03%
• 1Y: 18.63%
• 3Y*: 15.87%
• 5Y*: —
• 10Y*: —

NDVG

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

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

NUDV vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUDV Nuveen ESG Dividend ETF	9.63%	10.77%	14.02%	10.13%	-7.83%	8.92%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	17.60%	15.15%	-9.55%	12.28%

Correlation

The correlation between NUDV and NDVG is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021	0.86

The correlation between NUDV and NDVG shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

NUDV vs. NDVG - Sectors Allocation Comparison

Sectors	NUDV	NDVG
Financial Services	23.2%	14.7%
Technology	13.2%	28.9%
Industrials	12.0%	10.2%
Healthcare	11.3%	9.8%
Consumer Defensive	10.5%	7.7%
Consumer Cyclical	6.7%	9.7%
Real Estate	5.8%	3.9%
Utilities	5.8%	5.1%
Energy	5.0%	5.3%
Communication Services	3.9%	2.7%
Basic Materials	2.7%	2.2%

Return for Risk

NUDV vs. NDVG — Risk / Return Rank

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

NUDV

NUDV Risk / Return Rank: 55
NUDV Sharpe Ratio Rank: 52
NUDV Sortino Ratio Rank: 55
NUDV Omega Ratio Rank: 50
NUDV Calmar Ratio Rank: 57
NUDV Martin Ratio Rank: 57

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.

NUDV vs. NDVG - Risk-Adjusted Trends Comparison

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

	NUDV	NDVG	Difference
Sharpe ratio Return per unit of total volatility	1.81	—	—
Sortino ratio Return per unit of downside risk	2.66	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	2.84	—	—
Martin ratio Return relative to average drawdown	10.08	—	—
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

	NUDV	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Drawdowns

Drawdown Indicators

	NUDV	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	—	—
Current Drawdown Current decline from peak	-0.72%	—	—
Average Drawdown Average peak-to-trough decline	-4.92%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	NUDV	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	—	—

NUDV vs. NDVG - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

NUDV vs. NDVG - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.27%, less than NDVG's 4.41% 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%
NUDV Nuveen ESG Dividend ETF	2.27%	2.36%	6.18%	2.48%	2.96%	0.60%

Frequently Asked Questions

Can I hold both NUDV and NDVG in my portfolio?

NUDV and NDVG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUDV or NDVG?

On fees, NUDV is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUDV or NDVG?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.64% for NDVG.

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

NDVG has the higher dividend yield at 4.41%, compared with 2.27% for NUDV.

What is the main difference between NUDV and NDVG?

NUDV is categorized as Large Cap Value Equities, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.26% for NUDV and 0.64% for NDVG.