NUMG vs. QQJG

Last updated Jun 4, 2026

NUMG (Nuveen ESG Mid-Cap Growth ETF) and QQJG (Invesco ESG NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds - NUMG tracks the MSCI TIAA ESG USA Mid Cap Growth while QQJG tracks the Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, NUMG returned 8.47%/yr vs 14.09%/yr for QQJG. Their correlation of 0.88 suggests significant overlap in exposure. NUMG charges 0.30%/yr vs 0.20%/yr for QQJG.

Performance

NUMG vs. QQJG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Mid-Cap Growth ETF (NUMG) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUMG achieves a -0.40% return, which is significantly lower than QQJG's 1.44% return.

NUMG

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

QQJG

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.44%
• 6M: 1.92%
• 1Y: 18.92%
• 3Y*: 14.09%
• 5Y*: —
• 10Y*: —

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

NUMG vs. QQJG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUMG Nuveen ESG Mid-Cap Growth ETF	-0.40%	0.78%	11.99%	20.47%	-28.31%	-2.72%
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	1.44%	18.05%	14.67%	17.20%	-27.69%	0.91%

Correlation

The correlation between NUMG and QQJG is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.88

Over the past year, the correlation between NUMG and QQJG has dropped to 0.64 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

NUMG vs. QQJG - Sectors Allocation Comparison

Sectors	NUMG	QQJG
Technology	28.7%	44.5%
Industrials	26.5%	6.4%
Healthcare	13.9%	18.2%
Consumer Cyclical	11.8%	14.3%
Financial Services	6.5%	0.1%
Communication Services	5.2%	6.2%
Real Estate	3.7%	-
Basic Materials	2.3%	2.5%
Utilities	1.4%	-
Consumer Defensive	-	3.4%
Energy	-	1.6%

Return for Risk

NUMG vs. QQJG — 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

QQJG

QQJG Risk / Return Rank: 45
QQJG Sharpe Ratio Rank: 39
QQJG Sortino Ratio Rank: 38
QQJG Omega Ratio Rank: 46
QQJG Calmar Ratio Rank: 49
QQJG Martin Ratio Rank: 53

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. QQJG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Growth ETF (NUMG) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG). 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	QQJG	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.37	-1.40
Sortino ratio: Return per unit of downside risk	0.09	1.97	-1.88
Omega ratio: Gain probability vs. loss probability	1.01	1.29	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.03	2.42	-2.44
Martin ratio: Return relative to average drawdown	-0.06	8.87	-8.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUMG vs. QQJG - Sharpe Ratio Comparison

The current NUMG Sharpe Ratio is -0.03, which is lower than the QQJG Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of NUMG and QQJG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NUMG	QQJG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	1.37	-1.40
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	0.17	+0.28

Drawdowns

NUMG vs. QQJG - Drawdown Comparison

The maximum NUMG drawdown since its inception was -38.85%, which is greater than QQJG's maximum drawdown of -36.76%. Use the drawdown chart below to compare losses from any high point for NUMG and QQJG.

Drawdown Indicators

	NUMG	QQJG	Difference
Max Drawdown Largest peak-to-trough decline	-38.85%	-36.76%	-2.09%
Max Drawdown (1Y) Largest decline over 1 year	-19.71%	-7.93%	-11.78%
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	-23.48%	-3.10%
Max Drawdown (5Y) Largest decline over 5 years	-38.85%	—	—
Current Drawdown Current decline from peak	-9.34%	-2.09%	-7.25%
Average Drawdown Average peak-to-trough decline	-11.37%	-15.32%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	2.15%	+5.44%

Volatility

NUMG vs. QQJG - Volatility Comparison

Nuveen ESG Mid-Cap Growth ETF (NUMG) has a higher volatility of 4.75% compared to Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) at 0.00%. This indicates that NUMG's price experiences larger fluctuations and is considered to be riskier than QQJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUMG	QQJG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	0.00%	+4.75%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	8.32%	+6.27%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	14.05%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.86%	21.70%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	21.70%	+0.17%

NUMG vs. QQJG - Expense Ratio Comparison

NUMG has a 0.30% expense ratio, which is higher than QQJG's 0.20% expense ratio.

Dividends

NUMG vs. QQJG - Dividend Comparison

NUMG's dividend yield for the trailing twelve months is around 0.01%, less than QQJG's 13.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	13.86%	0.68%	0.65%	0.54%	0.70%	0.08%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUMG and QQJG in my portfolio?

NUMG and QQJG have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUMG or QQJG?

NUMG has higher volatility (4.75%) compared to QQJG (0.00%). In terms of maximum drawdown, NUMG dropped -38.85% vs QQJG's -36.76%.

Which ETF is better, NUMG or QQJG?

On 3-year performance, QQJG leads with 14.09% vs 8.47% for NUMG. On fees, QQJG is cheaper at 0.20% per year. On volatility, QQJG has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUMG or QQJG?

Over the 3-year period, QQJG has performed better with a 14.09% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUMG or QQJG?

QQJG is cheaper with a 0.20% expense ratio, compared with 0.30% for NUMG.

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

QQJG has the higher dividend yield at 13.86%, compared with 0.01% for NUMG.

What is the main difference between NUMG and QQJG?

NUMG tracks MSCI TIAA ESG USA Mid Cap Growth, while QQJG tracks Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross. They also come from different issuers: Nuveen and Invesco. Their fees differ too: 0.30% for NUMG and 0.20% for QQJG.

Which has better risk-adjusted returns?

QQJG currently has the higher Sharpe Ratio (1.37 vs -0.03), 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.