NUMG vs. QQQJ

Last updated Jun 24, 2026

NUMG (Nuveen ESG Mid-Cap Growth ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds - NUMG tracks the MSCI TIAA ESG USA Mid Cap Growth while QQQJ tracks the NASDAQ Next Generation 100 Index. Both are passively managed. Over the past 5 years, NUMG returned -1.19%/yr vs 6.21%/yr for QQQJ. Their correlation of 0.92 suggests significant overlap in exposure. NUMG charges 0.30%/yr vs 0.15%/yr for QQQJ.

Performance

NUMG vs. QQQJ - Performance Comparison

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

Returns By Period

In the year-to-date period, NUMG achieves a -6.21% return, which is significantly lower than QQQJ's 20.04% return.

NUMG

• 1D: -0.75%
• 1M: -2.59%
• YTD: -6.21%
• 6M: -7.69%
• 1Y: -5.00%
• 3Y*: 6.17%
• 5Y*: -1.19%
• 10Y*: —

QQQJ

• 1D: -1.14%
• 1M: 2.22%
• YTD: 20.04%
• 6M: 17.68%
• 1Y: 41.94%
• 3Y*: 21.29%
• 5Y*: 6.21%
• 10Y*: —

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

NUMG vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NUMG Nuveen ESG Mid-Cap Growth ETF	-6.21%	0.78%	11.99%	20.47%	-28.31%	12.27%	13.36%
QQQJ Invesco NASDAQ Next Gen 100 ETF	20.04%	20.44%	15.36%	13.68%	-28.25%	9.76%	15.34%

Correlation

The correlation between NUMG and QQQJ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.92

The correlation between NUMG and QQQJ shifts across timeframes, from 0.81 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

NUMG vs. QQQJ - Sectors Allocation Comparison

Sectors	NUMG	QQQJ
Technology	33.4%	40.4%
Industrials	24.6%	11.1%
Healthcare	13.5%	18.7%
Consumer Cyclical	10.6%	11.3%
Financial Services	6.4%	2.0%
Communication Services	5.2%	7.8%
Real Estate	3.1%	-
Basic Materials	2.0%	2.6%
Utilities	1.2%	2.6%
Consumer Defensive	-	2.6%
Energy	-	1.0%

Return for Risk

NUMG vs. QQQJ — Risk / Return Rank

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

NUMG

NUMG Risk / Return Rank: 6
NUMG Sharpe Ratio Rank: 6
NUMG Sortino Ratio Rank: 6
NUMG Omega Ratio Rank: 6
NUMG Calmar Ratio Rank: 7
NUMG Martin Ratio Rank: 6

QQQJ

QQQJ Risk / Return Rank: 72
QQQJ Sharpe Ratio Rank: 72
QQQJ Sortino Ratio Rank: 68
QQQJ Omega Ratio Rank: 67
QQQJ Calmar Ratio Rank: 73
QQQJ Martin Ratio Rank: 79

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. QQQJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Growth ETF (NUMG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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.

	NUMG	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	2.22	-2.49
Sortino ratio: Return per unit of downside risk	-0.25	2.97	-3.22
Omega ratio: Gain probability vs. loss probability	0.97	1.38	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.25	3.56	-3.81
Martin ratio: Return relative to average drawdown	-0.64	14.75	-15.39

NUMG vs. QQQJ - Sharpe Ratio Comparison

The current NUMG Sharpe Ratio is -0.27, which is lower than the QQQJ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of NUMG and QQQJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NUMG vs. QQQJ - Drawdown Comparison

The maximum NUMG drawdown since its inception was -38.85%, roughly equal to the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for NUMG and QQQJ.

Drawdown Indicators

	NUMG	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-38.85%	-39.57%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-19.71%	-11.84%	-7.87%
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	-22.46%	-4.12%
Max Drawdown (5Y) Largest decline over 5 years	-38.85%	-39.57%	+0.72%
Current Drawdown Current decline from peak	-14.62%	-3.24%	-11.38%
Average Drawdown Average peak-to-trough decline	-11.37%	-15.62%	+4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.78%	2.85%	+4.93%

Volatility

NUMG vs. QQQJ - Volatility Comparison

The current volatility for Nuveen ESG Mid-Cap Growth ETF (NUMG) is 6.32%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 7.18%. This indicates that NUMG experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUMG	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	7.18%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	15.70%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	18.64%	19.00%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.94%	22.18%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	22.11%	-0.25%

NUMG vs. QQQJ - Expense Ratio Comparison

NUMG has a 0.30% expense ratio, which is higher than QQQJ's 0.15% expense ratio.

Dividends

NUMG vs. QQQJ - Dividend Comparison

NUMG's dividend yield for the trailing twelve months is around 0.01%, less than QQQJ's 0.55% 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%
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.55%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUMG and QQQJ in my portfolio?

NUMG and QQQJ have a correlation of 0.81, 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 QQQJ?

QQQJ has higher volatility (7.18%) compared to NUMG (6.32%). In terms of maximum drawdown, NUMG dropped -38.85% vs QQQJ's -39.57%.

Which ETF is better, NUMG or QQQJ?

On 5-year performance, QQQJ leads with 6.21% vs -1.19% for NUMG. On fees, QQQJ is cheaper at 0.15% per year. On volatility, NUMG has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUMG or QQQJ?

Over the 5-year period, QQQJ has performed better with a 6.21% return vs -1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUMG or QQQJ?

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.30% for NUMG.

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

QQQJ has the higher dividend yield at 0.55%, compared with 0.01% for NUMG.

What is the main difference between NUMG and QQQJ?

NUMG tracks MSCI TIAA ESG USA Mid Cap Growth, while QQQJ tracks NASDAQ Next Generation 100 Index. They also come from different issuers: Nuveen and Invesco. Their fees differ too: 0.30% for NUMG and 0.15% for QQQJ.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (2.22 vs -0.27), 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.