PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
NULC vs. EINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NULC vs. EINC

Last updated Jul 12, 2026
Documentation

NULC (Nuveen ESG Large-Cap ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - NULC is a Large Cap Growth Equities fund tracking the MSCI TIAA ESG USA Large Cap, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 5 years, NULC returned 10.95%/yr vs 21.31%/yr for EINC. At a 0.42 correlation, their price movements are largely independent. NULC charges 0.20%/yr vs 0.45%/yr for EINC.

Performance

NULC vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Large-Cap ETF (NULC) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NULC achieves a 14.84% return, which is significantly lower than EINC's 26.77% return.

NULC

1D
0.77%
1M
2.83%
6M
11.90%
YTD
14.84%
1Y
23.61%
3Y*
19.82%
5Y*
10.95%
10Y*
—

EINC

1D
0.19%
1M
0.31%
6M
28.45%
YTD
26.77%
1Y
30.66%
3Y*
28.13%
5Y*
21.31%
10Y*
11.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NULC vs. EINC - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
NULC
Nuveen ESG Large-Cap ETF		14.84%16.29%18.71%22.54%-20.18%25.69%22.51%6.17%
EINC
VanEck Energy Income ETF		26.77%7.11%42.79%15.55%19.18%38.05%-19.89%-1.22%

Correlation

The correlation between NULC and EINC is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2019

0.42

The correlation between NULC and EINC shifts across timeframes, from -0.09 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

NULC vs. EINC - Sectors Allocation Comparison

Sectors
NULC
EINC

Technology

30.1%

-

Financial Services

17.1%

-

Healthcare

10.6%

-

Industrials

9.5%
0.6%

Communication Services

9.2%

-

Consumer Cyclical

7.6%

-

Consumer Defensive

5.8%

-

Energy

3.4%
99.4%

Utilities

2.2%
0.6%

Real Estate

2.2%

-

Basic Materials

2.1%

-

Technology

NULC
30.1%
EINC

-

Financial Services

NULC
17.1%
EINC

-

Healthcare

NULC
10.6%
EINC

-

Industrials

NULC
9.5%
EINC
0.6%

Communication Services

NULC
9.2%
EINC

-

Consumer Cyclical

NULC
7.6%
EINC

-

Consumer Defensive

NULC
5.8%
EINC

-

Energy

NULC
3.4%
EINC
99.4%

Utilities

NULC
2.2%
EINC
0.6%

Real Estate

NULC
2.2%
EINC

-

Basic Materials

NULC
2.1%
EINC

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nuveen ESG Large-Cap ETF

VanEck Energy Income ETF

Often compared with NULC:
NULC vs. USSGNULC vs. EASGNULC vs. BDGSNULC vs. ESGDNULC vs. IUSGNULC vs. VTINULC vs. SCHX
Often compared with EINC:
EINC vs. XLEEINC vs. BIZDEINC vs. EMLPEINC vs. SMHEINC vs. IXCEINC vs. VPUEINC vs. ERY

Return for Risk

NULC vs. EINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NULC
NULC Risk / Return Rank: 6666
Overall Rank
NULC Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
NULC Sortino Ratio Rank: 6565
Sortino Ratio Rank
NULC Omega Ratio Rank: 6262
Omega Ratio Rank
NULC Calmar Ratio Rank: 6565
Calmar Ratio Rank
NULC Martin Ratio Rank: 7272
Martin Ratio Rank
EINC
EINC Risk / Return Rank: 7878
Overall Rank
EINC Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 7878
Sortino Ratio Rank
EINC Omega Ratio Rank: 7777
Omega Ratio Rank
EINC Calmar Ratio Rank: 8787
Calmar Ratio Rank
EINC Martin Ratio Rank: 6868
Martin Ratio Rank
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.

NULC vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Large-Cap ETF (NULC) and VanEck Energy Income ETF (EINC). 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.

NULCEINCDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.05

-0.32

Sortino ratioReturn per unit of downside risk
2.39
2.78

-0.40

Omega ratioGain probability vs. loss probability

1.30

1.36

-0.06

Calmar ratioReturn relative to maximum drawdown

2.58

3.98

-1.40

Martin ratioReturn relative to average drawdown

10.50

9.80

+0.70

NULC vs. EINC - Sharpe Ratio Comparison

The current NULC Sharpe Ratio is 1.73, which is comparable to the EINC Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of NULC and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

NULC vs. EINC - Drawdown Comparison

The maximum NULC drawdown since its inception was -34.86%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for NULC and EINC.

Loading charts...

Drawdown Indicators

NULCEINCDifference

Max Drawdown

Largest peak-to-trough decline

-34.86%

-87.55%

+52.69%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-7.89%

-1.02%

Max Drawdown (3Y)

Largest decline over 3 years

-18.53%

-16.01%

-2.52%

Max Drawdown (5Y)

Largest decline over 5 years

-27.90%

-19.87%

-8.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-68.85%

—

Current Drawdown

Current decline from peak

0.00%

-3.89%

+3.89%

Average Drawdown

Average peak-to-trough decline

-6.39%

-44.02%

+37.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

3.20%

-1.01%

Volatility

NULC vs. EINC - Volatility Comparison

The current volatility for Nuveen ESG Large-Cap ETF (NULC) is 4.24%, while VanEck Energy Income ETF (EINC) has a volatility of 6.16%. This indicates that NULC experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

NULCEINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

6.16%

-1.92%

Volatility (6M)

Calculated over the trailing 6-month period

10.60%

12.26%

-1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

15.33%

-2.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.96%

19.58%

-2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.94%

25.33%

-5.39%

NULC vs. EINC - Expense Ratio Comparison

NULC has a 0.20% expense ratio, which is lower than EINC's 0.45% expense ratio.

Dividends

NULC vs. EINC - Dividend Comparison

NULC's dividend yield for the trailing twelve months is around 8.85%, more than EINC's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF		3.49%4.51%3.33%3.77%2.89%6.03%6.69%9.66%11.31%8.53%9.71%28.53%
NULC
Nuveen ESG Large-Cap ETF		8.85%10.17%1.86%1.32%2.37%6.14%4.07%0.77%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NULC and EINC have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EINC has higher volatility (6.16%) compared to NULC (4.24%). In terms of maximum drawdown, NULC dropped -34.86% vs EINC's -87.55%.

On 5-year performance, EINC leads with 21.31% vs 10.95% for NULC. On fees, NULC is cheaper at 0.20% per year. On volatility, NULC has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EINC has performed better with a 21.31% return vs 10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

NULC is cheaper with a 0.20% expense ratio, compared with 0.45% for EINC.

NULC has the higher dividend yield at 8.85%, compared with 3.49% for EINC.

NULC is categorized as Large Cap Growth Equities, while EINC is Energy Equities. NULC tracks MSCI TIAA ESG USA Large Cap, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Nuveen and VanEck. Their fees differ too: 0.20% for NULC and 0.45% for EINC.

EINC currently has the higher Sharpe Ratio (2.05 vs 1.73), 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.

Portfolio Optimizer

Find the right allocation for NULC and EINC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer