NUMG vs. FEMG

Last updated Jun 4, 2026

NUMG (Nuveen ESG Mid-Cap Growth ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. NUMG is passively managed, while FEMG is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. NUMG charges 0.30%/yr vs 0.23%/yr for FEMG.

Performance

NUMG vs. FEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Mid-Cap Growth ETF (NUMG) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NUMG

• 1D: -1.63%
• 1M: 5.76%
• YTD: -0.40%
• 6M: 0.31%
• 1Y: -0.49%
• 3Y*: 8.47%
• 5Y*: 0.99%
• 10Y*: —

FEMG

• 1D: -0.84%
• 1M: 3.74%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUMG vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
NUMG Nuveen ESG Mid-Cap Growth ETF	7.63%
FEMG Fidelity Enhanced Mid Cap Growth ETF	4.23%

Correlation

The correlation between NUMG and FEMG is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.73

NUMG vs. FEMG - Sectors Allocation Comparison

Sectors	NUMG	FEMG
Technology	28.7%	24.0%
Industrials	26.5%	26.5%
Healthcare	13.9%	12.6%
Consumer Cyclical	11.8%	17.4%
Financial Services	6.5%	6.0%
Communication Services	5.2%	2.7%
Real Estate	3.7%	1.8%
Basic Materials	2.3%	0.7%
Utilities	1.4%	2.9%
Consumer Defensive	-	1.4%
Energy	-	3.3%

Return for Risk

NUMG vs. FEMG — Risk / Return Rank

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

NUMG

NUMG Risk / Return Rank: 8
NUMG Sharpe Ratio Rank: 8
NUMG Sortino Ratio Rank: 8
NUMG Omega Ratio Rank: 8
NUMG Calmar Ratio Rank: 9
NUMG Martin Ratio Rank: 8

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.

NUMG vs. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Growth ETF (NUMG) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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.

	NUMG	FEMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	—	—
Sortino ratio: Return per unit of downside risk	0.09	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.03	—	—
Martin ratio: Return relative to average drawdown	-0.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NUMG	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	4.78	-4.34

Drawdowns

NUMG vs. FEMG - Drawdown Comparison

The maximum NUMG drawdown since its inception was -38.85%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for NUMG and FEMG.

Drawdown Indicators

	NUMG	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-38.85%	-3.29%	-35.56%
Max Drawdown (1Y) Largest decline over 1 year	-19.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.85%	—	—
Current Drawdown Current decline from peak	-9.34%	-1.18%	-8.16%
Average Drawdown Average peak-to-trough decline	-11.37%	-0.96%	-10.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	—	—

Volatility

Volatility by Period

	NUMG	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	12.29%	+5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.86%	12.29%	+10.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	12.29%	+9.58%

NUMG vs. FEMG - Expense Ratio Comparison

NUMG has a 0.30% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

NUMG vs. FEMG - Dividend Comparison

NUMG's dividend yield for the trailing twelve months is around 0.01%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUMG Nuveen ESG Mid-Cap Growth ETF	0.01%	0.01%	0.06%	0.18%	0.18%	12.76%	3.82%	0.27%	5.14%	0.56%

Frequently Asked Questions

Can I hold both NUMG and FEMG in my portfolio?

NUMG and FEMG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUMG or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUMG or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.30% for NUMG.

Which ETF pays a higher dividend yield, NUMG or FEMG?

NUMG has the higher dividend yield at 0.01%, compared with 0.00% for FEMG.

What is the main difference between NUMG and FEMG?

They also come from different issuers: Nuveen and Fidelity. Their fees differ too: 0.30% for NUMG and 0.23% for FEMG.