Correlation
The correlation between NUGO and SPY is 0.93, 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.
NUGO vs. SPY
Compare and contrast key facts about Nuveen Growth Opportunities ETF (NUGO) and SPDR S&P 500 ETF (SPY).
NUGO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUGO is an actively managed fund by Nuveen. It was launched on Sep 27, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUGO or SPY.
Performance
NUGO vs. SPY - Performance Comparison
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Key characteristics
NUGO:
0.50
SPY:
0.70
NUGO:
0.71
SPY:
1.02
NUGO:
1.10
SPY:
1.15
NUGO:
0.41
SPY:
0.68
NUGO:
1.25
SPY:
2.57
NUGO:
8.23%
SPY:
4.93%
NUGO:
27.24%
SPY:
20.42%
NUGO:
-38.01%
SPY:
-55.19%
NUGO:
-7.09%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NUGO achieves a -2.63% return, which is significantly lower than SPY's 0.87% return.
NUGO
-2.63%
8.54%
-1.52%
13.55%
19.70%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
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NUGO vs. SPY - Expense Ratio Comparison
NUGO has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NUGO vs. SPY — Risk-Adjusted Performance Rank
NUGO
SPY
NUGO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Growth Opportunities ETF (NUGO) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
NUGO vs. SPY - Dividend Comparison
NUGO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUGO Nuveen Growth Opportunities ETF | 0.00% | 0.00% | 0.19% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NUGO vs. SPY - Drawdown Comparison
The maximum NUGO drawdown since its inception was -38.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NUGO and SPY.
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Volatility
NUGO vs. SPY - Volatility Comparison
Nuveen Growth Opportunities ETF (NUGO) has a higher volatility of 5.72% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that NUGO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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