NULG vs. QQQ
Compare and contrast key facts about Nuveen ESG Large-Cap Growth ETF (NULG) and Invesco QQQ (QQQ).
NULG and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both NULG and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NULG or QQQ.
Performance
NULG vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NULG achieves a 25.02% return, which is significantly higher than QQQ's 22.63% return.
NULG
25.02%
3.06%
12.82%
35.66%
18.99%
N/A
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| NULG | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.14 | 1.75 |
| Sortino Ratio | 2.83 | 2.34 |
| Omega Ratio | 1.39 | 1.32 |
| Calmar Ratio | 2.88 | 2.25 |
| Martin Ratio | 10.77 | 8.17 |
| Ulcer Index | 3.28% | 3.73% |
| Daily Std Dev | 16.60% | 17.44% |
| Max Drawdown | -36.17% | -82.98% |
| Current Drawdown | -2.91% | -2.75% |
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NULG vs. QQQ - Expense Ratio Comparison
NULG has a 0.25% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between NULG and QQQ is 0.89, 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.
Risk-Adjusted Performance
NULG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Large-Cap Growth ETF (NULG) and Invesco QQQ (QQQ). 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.
Dividends
NULG vs. QQQ - Dividend Comparison
NULG's dividend yield for the trailing twelve months is around 0.34%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NULG Nuveen ESG Large-Cap Growth ETF | 0.34% | 0.43% | 0.40% | 5.05% | 2.69% | 1.10% | 3.73% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NULG vs. QQQ - Drawdown Comparison
The maximum NULG drawdown since its inception was -36.17%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NULG and QQQ. For additional features, visit the drawdowns tool.
Volatility
NULG vs. QQQ - Volatility Comparison
Nuveen ESG Large-Cap Growth ETF (NULG) and Invesco QQQ (QQQ) have volatilities of 5.70% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.