NUDV vs. ROE

Last updated Jun 25, 2026

NUDV (Nuveen ESG Dividend ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Large Cap Value Equities funds. NUDV is passively managed, while ROE is actively managed. Over the past year, NUDV returned 18.55% vs 33.42% for ROE. A 0.77 correlation means they provide meaningful diversification when combined. NUDV charges 0.26%/yr vs 0.49%/yr for ROE.

Performance

NUDV vs. ROE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Dividend ETF (NUDV) and Astoria US Equal Weight Quality Kings ETF (ROE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUDV achieves a 10.57% return, which is significantly lower than ROE's 19.16% return.

NUDV

• 1D: 0.01%
• 1M: 0.66%
• YTD: 10.57%
• 6M: 9.45%
• 1Y: 18.55%
• 3Y*: 15.78%
• 5Y*: —
• 10Y*: —

ROE

• 1D: -0.11%
• 1M: 2.50%
• YTD: 19.16%
• 6M: 17.06%
• 1Y: 33.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUDV vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NUDV Nuveen ESG Dividend ETF	10.57%	10.77%	14.02%	3.93%
ROE Astoria US Equal Weight Quality Kings ETF	19.16%	17.20%	18.34%	4.31%

Correlation

The correlation between NUDV and ROE is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.77

The correlation between NUDV and ROE shifts across timeframes, from 0.62 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

NUDV vs. ROE - Sectors Allocation Comparison

Sectors	NUDV	ROE
Financial Services	22.4%	10.6%
Industrials	18.2%	8.7%
Healthcare	13.7%	8.1%
Technology	11.8%	40.3%
Consumer Defensive	9.3%	4.3%
Real Estate	6.8%	1.8%
Consumer Cyclical	5.8%	8.9%
Utilities	3.6%	2.0%
Communication Services	3.2%	10.4%
Energy	2.5%	3.3%
Basic Materials	2.2%	1.7%

Return for Risk

NUDV vs. ROE — Risk / Return Rank

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

NUDV

NUDV Risk / Return Rank: 62
NUDV Sharpe Ratio Rank: 61
NUDV Sortino Ratio Rank: 65
NUDV Omega Ratio Rank: 57
NUDV Calmar Ratio Rank: 65
NUDV Martin Ratio Rank: 63

ROE

ROE Risk / Return Rank: 81
ROE Sharpe Ratio Rank: 81
ROE Sortino Ratio Rank: 77
ROE Omega Ratio Rank: 77
ROE Calmar Ratio Rank: 82
ROE Martin Ratio Rank: 88

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. ROE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and Astoria US Equal Weight Quality Kings ETF (ROE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NUDV	ROE	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.27	-0.48
Sortino ratio: Return per unit of downside risk	2.63	3.04	-0.41
Omega ratio: Gain probability vs. loss probability	1.31	1.40	-0.09
Calmar ratio: Return relative to maximum drawdown	2.82	3.88	-1.06
Martin ratio: Return relative to average drawdown	10.03	17.04	-7.01

NUDV vs. ROE - Sharpe Ratio Comparison

The current NUDV Sharpe Ratio is 1.79, which is comparable to the ROE Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of NUDV and ROE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NUDV vs. ROE - Drawdown Comparison

The maximum NUDV drawdown since its inception was -20.10%, which is greater than ROE's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for NUDV and ROE.

Drawdown Indicators

	NUDV	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-19.10%	-1.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-8.66%	+2.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	—	—
Current Drawdown Current decline from peak	-0.83%	-2.28%	+1.45%
Average Drawdown Average peak-to-trough decline	-4.87%	-2.57%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.97%	-0.12%

Volatility

NUDV vs. ROE - Volatility Comparison

The current volatility for Nuveen ESG Dividend ETF (NUDV) is 2.99%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 6.26%. This indicates that NUDV experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUDV	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	6.26%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	11.73%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	14.81%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	15.98%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	15.98%	-1.05%

NUDV vs. ROE - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is lower than ROE's 0.49% expense ratio.

Dividends

NUDV vs. ROE - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.26%, more than ROE's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021
NUDV Nuveen ESG Dividend ETF	2.26%	2.36%	6.18%	2.48%	2.96%	0.60%
ROE Astoria US Equal Weight Quality Kings ETF	0.95%	0.97%	1.18%	0.68%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUDV and ROE in my portfolio?

NUDV and ROE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUDV or ROE?

ROE has higher volatility (6.26%) compared to NUDV (2.99%). In terms of maximum drawdown, NUDV dropped -20.10% vs ROE's -19.10%.

Which ETF is better, NUDV or ROE?

On 1-year performance, ROE leads with 33.42% vs 18.55% for NUDV. On fees, NUDV is cheaper at 0.26% per year. On volatility, NUDV has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUDV or ROE?

Over the 1-year period, ROE has performed better with a 33.42% return vs 18.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUDV or ROE?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.49% for ROE.

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

NUDV has the higher dividend yield at 2.26%, compared with 0.95% for ROE.

What is the main difference between NUDV and ROE?

They also come from different issuers: Nuveen and Astoria. Their fees differ too: 0.26% for NUDV and 0.49% for ROE.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.27 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.