NULG vs. DVAL

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen ESG Large-Cap Growth ETF (NULG) and BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL).

NULG and DVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NULG is a passively managed fund by Nuveen that tracks the performance of the MSCI TIAA ESG USA Large Cap Growth. It was launched on Dec 13, 2016. DVAL is an actively managed fund by BrandywineGLOBAL. It was launched on Oct 31, 2014.

Performance

NULG vs. DVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Large-Cap Growth ETF (NULG) and BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL). The values are adjusted to include any dividend payments, if applicable.

NULG vs. DVAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NULG Nuveen ESG Large-Cap Growth ETF	-7.01%	14.07%	23.75%	42.71%	-0.45%
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	2.49%	8.74%	12.84%	8.73%	1.78%

Returns By Period

In the year-to-date period, NULG achieves a -7.01% return, which is significantly lower than DVAL's 2.49% return.

NULG

• 1D: 3.87%
• 1M: -4.51%
• YTD: -7.01%
• 6M: -8.45%
• 1Y: 16.31%
• 3Y*: 18.00%
• 5Y*: 10.39%
• 10Y*: —

DVAL

• 1D: 1.57%
• 1M: -3.40%
• YTD: 2.49%
• 6M: 3.51%
• 1Y: 11.25%
• 3Y*: 10.89%
• 5Y*: —
• 10Y*: —

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

NULG vs. DVAL - Expense Ratio Comparison

NULG has a 0.25% expense ratio, which is lower than DVAL's 0.49% expense ratio.

DVAL

BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF

NULG

Nuveen ESG Large-Cap Growth ETF

Return for Risk

NULG vs. DVAL — Risk / Return Rank

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

NULG

NULG Risk / Return Rank: 44
NULG Sharpe Ratio Rank: 42
NULG Sortino Ratio Rank: 46
NULG Omega Ratio Rank: 43
NULG Calmar Ratio Rank: 46
NULG Martin Ratio Rank: 42

DVAL

DVAL Risk / Return Rank: 40
DVAL Sharpe Ratio Rank: 37
DVAL Sortino Ratio Rank: 38
DVAL Omega Ratio Rank: 38
DVAL Calmar Ratio Rank: 39
DVAL Martin Ratio Rank: 48

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.

NULG vs. DVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Large-Cap Growth ETF (NULG) and BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL). 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.

	NULG	DVAL	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.72	+0.02
Sortino ratio Return per unit of downside risk	1.20	1.12	+0.08
Omega ratio Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio Return relative to maximum drawdown	1.13	1.01	+0.12
Martin ratio Return relative to average drawdown	3.82	4.68	-0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NULG vs. DVAL - Sharpe Ratio Comparison

The current NULG Sharpe Ratio is 0.74, which is comparable to the DVAL Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of NULG and DVAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NULG	DVAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.72	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.71	+0.07

Correlation

The correlation between NULG and DVAL is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NULG vs. DVAL - Dividend Comparison

NULG's dividend yield for the trailing twelve months is around 0.12%, less than DVAL's 1.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NULG Nuveen ESG Large-Cap Growth ETF	0.12%	0.11%	0.16%	0.43%	0.40%	5.08%	2.68%	1.10%	3.73%	0.61%
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	1.95%	2.00%	2.82%	1.16%	13.13%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NULG vs. DVAL - Drawdown Comparison

The maximum NULG drawdown since its inception was -36.17%, which is greater than DVAL's maximum drawdown of -18.11%. Use the drawdown chart below to compare losses from any high point for NULG and DVAL.

Drawdown Indicators

	NULG	DVAL	Difference
Max Drawdown Largest peak-to-trough decline	-36.17%	-18.11%	-18.06%
Max Drawdown (1Y) Largest decline over 1 year	-14.50%	-12.21%	-2.29%
Max Drawdown (5Y) Largest decline over 5 years	-36.17%	—	—
Current Drawdown Current decline from peak	-11.19%	-4.50%	-6.69%
Average Drawdown Average peak-to-trough decline	-6.93%	-3.73%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	2.64%	+1.64%

Volatility

NULG vs. DVAL - Volatility Comparison

Nuveen ESG Large-Cap Growth ETF (NULG) has a higher volatility of 7.12% compared to BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) at 3.47%. This indicates that NULG's price experiences larger fluctuations and is considered to be riskier than DVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NULG	DVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	3.47%	+3.65%
Volatility (6M) Calculated over the trailing 6-month period	13.52%	7.77%	+5.75%
Volatility (1Y) Calculated over the trailing 1-year period	22.23%	15.68%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.47%	14.41%	+7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	14.41%	+7.05%