NUMV vs. DGRW

Last updated Jun 4, 2026

NUMV (Nuveen ESG Mid-Cap Value ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - NUMV is a Mid Cap Value Equities fund tracking the TIAA ESG USA Mid-Cap Value Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 5 years, NUMV returned 6.55%/yr vs 12.17%/yr for DGRW. A 0.79 correlation means they provide meaningful diversification when combined. NUMV charges 0.31%/yr vs 0.28%/yr for DGRW.

Performance

NUMV vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Mid-Cap Value ETF (NUMV) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUMV achieves a 9.74% return, which is significantly higher than DGRW's 9.10% return.

NUMV

• 1D: -0.42%
• 1M: 4.09%
• YTD: 9.74%
• 6M: 11.20%
• 1Y: 23.74%
• 3Y*: 16.96%
• 5Y*: 6.55%
• 10Y*: —

DGRW

• 1D: -0.83%
• 1M: 4.06%
• YTD: 9.10%
• 6M: 8.62%
• 1Y: 20.79%
• 3Y*: 16.64%
• 5Y*: 12.17%
• 10Y*: 14.15%

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

NUMV vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUMV Nuveen ESG Mid-Cap Value ETF	9.74%	14.05%	12.31%	8.43%	-14.97%	31.15%	0.91%	29.81%	-11.91%	14.70%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	9.10%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between NUMV and DGRW is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.79

The correlation between NUMV and DGRW has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

NUMV vs. DGRW - Sectors Allocation Comparison

Sectors	NUMV	DGRW
Financial Services	18.6%	11.3%
Technology	14.8%	32.1%
Industrials	13.9%	9.9%
Real Estate	8.6%	-
Consumer Defensive	8.3%	6.7%
Healthcare	8.2%	12.8%
Consumer Cyclical	8.1%	7.1%
Utilities	6.8%	0.2%
Communication Services	5.5%	10.1%
Basic Materials	4.6%	3.3%
Energy	2.6%	5.0%

Return for Risk

NUMV vs. DGRW — Risk / Return Rank

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

NUMV

NUMV Risk / Return Rank: 56
NUMV Sharpe Ratio Rank: 56
NUMV Sortino Ratio Rank: 59
NUMV Omega Ratio Rank: 53
NUMV Calmar Ratio Rank: 55
NUMV Martin Ratio Rank: 59

DGRW

DGRW Risk / Return Rank: 60
DGRW Sharpe Ratio Rank: 61
DGRW Sortino Ratio Rank: 65
DGRW Omega Ratio Rank: 63
DGRW Calmar Ratio Rank: 50
DGRW Martin Ratio Rank: 61

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.

NUMV vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Value ETF (NUMV) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

	NUMV	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.12	-0.20
Sortino ratio: Return per unit of downside risk	2.79	3.09	-0.30
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.74	2.52	+0.22
Martin ratio: Return relative to average drawdown	10.37	11.03	-0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUMV vs. DGRW - Sharpe Ratio Comparison

The current NUMV Sharpe Ratio is 1.92, which is comparable to the DGRW Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of NUMV and DGRW, 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

	NUMV	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.12	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.88	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.86	-0.41

Drawdowns

NUMV vs. DGRW - Drawdown Comparison

The maximum NUMV drawdown since its inception was -43.46%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for NUMV and DGRW.

Drawdown Indicators

	NUMV	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-32.04%	-11.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-8.30%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-16.21%	-3.32%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	-17.27%	-8.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-0.42%	-0.83%	+0.41%
Average Drawdown Average peak-to-trough decline	-6.89%	-3.01%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.89%	+0.40%

Volatility

NUMV vs. DGRW - Volatility Comparison

Nuveen ESG Mid-Cap Value ETF (NUMV) has a higher volatility of 2.97% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.47%. This indicates that NUMV's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUMV	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.47%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	7.64%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	9.88%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	13.97%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	16.21%	+3.56%

NUMV vs. DGRW - Expense Ratio Comparison

NUMV has a 0.31% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

NUMV vs. DGRW - Dividend Comparison

NUMV's dividend yield for the trailing twelve months is around 1.40%, more than DGRW's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.27%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
NUMV Nuveen ESG Mid-Cap Value ETF	1.40%	1.53%	1.81%	2.20%	5.78%	6.62%	1.38%	2.40%	4.01%	0.83%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUMV and DGRW in my portfolio?

NUMV and DGRW have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUMV or DGRW?

NUMV has higher volatility (2.97%) compared to DGRW (2.47%). In terms of maximum drawdown, NUMV dropped -43.46% vs DGRW's -32.04%.

Which ETF is better, NUMV or DGRW?

On 5-year performance, DGRW leads with 12.17% vs 6.55% for NUMV. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUMV or DGRW?

Over the 5-year period, DGRW has performed better with a 12.17% return vs 6.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUMV or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.31% for NUMV.

Which ETF pays a higher dividend yield, NUMV or DGRW?

NUMV has the higher dividend yield at 1.40%, compared with 1.27% for DGRW.

What is the main difference between NUMV and DGRW?

NUMV is categorized as Mid Cap Value Equities, while DGRW is Dividend. NUMV tracks TIAA ESG USA Mid-Cap Value Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Nuveen and WisdomTree. Their fees differ too: 0.31% for NUMV and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (2.12 vs 1.92), 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.