NULC vs. SGRT

Last updated Aug 5, 2026

NULC (Nuveen ESG Large-Cap ETF) and SGRT (SMART Earnings Growth ETF) are both Large Cap Growth Equities funds. NULC is passively managed, while SGRT is actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. NULC charges 0.20%/yr vs 0.59%/yr for SGRT.

Performance

NULC vs. SGRT - Performance Comparison

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

Returns By Period

In the year-to-date period, NULC achieves a 16.79% return, which is significantly lower than SGRT's 32.95% return.

NULC

• 1D: 1.94%
• 1M: 4.01%
• 6M: 14.56%
• YTD: 16.79%
• 1Y: 22.88%
• 3Y*: 20.15%
• 5Y*: 10.75%
• 10Y*: —
• ALL TIME*: 14.13%

SGRT

• 1D: 4.23%
• 1M: -1.19%
• 6M: 24.90%
• YTD: 32.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NULC Nuveen ESG Large-Cap ETF	$320.07K	$400.60K	$268.48K
SGRT SMART Earnings Growth ETF	$1.13M	$1.28M	$2.17M

NULC vs. SGRT - Yearly Performance Comparison

	2026 (YTD)	2025
NULC Nuveen ESG Large-Cap ETF	16.79%	4.66%
SGRT SMART Earnings Growth ETF	32.95%	26.83%

Correlation

The correlation between NULC and SGRT is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.70

Return for Risk

NULC vs. SGRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NULC

NULC Risk / Return Rank: 65
NULC Sharpe Ratio Rank: 64
NULC Sortino Ratio Rank: 63
NULC Omega Ratio Rank: 60
NULC Calmar Ratio Rank: 65
NULC Martin Ratio Rank: 73

SGRT

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NULC vs. SGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Large-Cap ETF (NULC) and SMART Earnings Growth ETF (SGRT). 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.

	NULC	SGRT	Difference
Sharpe ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	10.27	—	—

Drawdowns

NULC vs. SGRT - Drawdown Comparison

The maximum NULC drawdown since its inception was -34.86%, which is greater than SGRT's maximum drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for NULC and SGRT.

Drawdown Indicators

	NULC	SGRT	Difference
Max Drawdown Largest peak-to-trough decline	-34.86%	-24.98%	-9.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.90%	—	—
Current Drawdown Current decline from peak	0.00%	-13.48%	+13.48%
Average Drawdown Average peak-to-trough decline	-6.35%	-4.34%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	—	—

Volatility

Volatility by Period

	NULC	SGRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	39.02%	-25.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	39.02%	-22.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	39.02%	-19.13%

NULC vs. SGRT - Expense Ratio Comparison

NULC has a 0.20% expense ratio, which is lower than SGRT's 0.59% expense ratio.

Dividends

NULC vs. SGRT - Dividend Comparison

NULC's dividend yield for the trailing twelve months is around 8.71%, more than SGRT's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NULC Nuveen ESG Large-Cap ETF	8.71%	10.17%	1.86%	1.32%	2.37%	6.14%	4.07%	0.77%
SGRT SMART Earnings Growth ETF	0.12%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NULC and SGRT in my portfolio?

NULC and SGRT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NULC or SGRT?

On fees, NULC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NULC or SGRT?

NULC is cheaper with a 0.20% expense ratio, compared with 0.59% for SGRT.

Which ETF pays a higher dividend yield, NULC or SGRT?

NULC has the higher dividend yield at 8.71%, compared with 0.12% for SGRT.

What is the main difference between NULC and SGRT?

Their fees differ too: 0.20% for NULC and 0.59% for SGRT.