NUMV vs. ESGV

Last updated Jun 23, 2026

NUMV (Nuveen ESG Mid-Cap Value ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - NUMV is a Mid Cap Value Equities fund tracking the TIAA ESG USA Mid-Cap Value Index, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. Both are passively managed. Over the past 5 years, NUMV returned 7.17%/yr vs 12.10%/yr for ESGV. A 0.78 correlation means they provide meaningful diversification when combined. NUMV charges 0.31%/yr vs 0.09%/yr for ESGV.

Performance

NUMV vs. ESGV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with NUMV having a 9.03% return and ESGV slightly higher at 9.39%.

NUMV

• 1D: 0.27%
• 1M: 1.21%
• YTD: 9.03%
• 6M: 7.98%
• 1Y: 22.86%
• 3Y*: 16.54%
• 5Y*: 7.17%
• 10Y*: —

ESGV

• 1D: -0.51%
• 1M: 0.39%
• YTD: 9.39%
• 6M: 8.78%
• 1Y: 26.60%
• 3Y*: 21.19%
• 5Y*: 12.10%
• 10Y*: —

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

NUMV vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NUMV Nuveen ESG Mid-Cap Value ETF	9.03%	14.05%	12.31%	8.43%	-14.97%	31.15%	0.91%	29.81%	-14.43%
ESGV Vanguard ESG U.S. Stock ETF	9.39%	16.48%	24.69%	30.79%	-24.04%	26.55%	25.69%	33.36%	-14.45%

Correlation

The correlation between NUMV and ESGV is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018	0.78

The correlation between NUMV and ESGV shifts across timeframes, from 0.63 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

NUMV vs. ESGV - Sectors Allocation Comparison

Sectors	NUMV	ESGV
Financial Services	18.0%	11.4%
Technology	17.3%	43.0%
Industrials	12.9%	4.2%
Real Estate	8.6%	2.6%
Healthcare	8.4%	9.5%
Consumer Defensive	8.1%	3.6%
Consumer Cyclical	7.9%	11.7%
Utilities	6.3%	0.2%
Communication Services	5.4%	12.2%
Basic Materials	4.7%	1.8%
Energy	2.3%	0.1%

Return for Risk

NUMV vs. ESGV — Risk / Return Rank

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

NUMV

NUMV Risk / Return Rank: 55
NUMV Sharpe Ratio Rank: 55
NUMV Sortino Ratio Rank: 58
NUMV Omega Ratio Rank: 51
NUMV Calmar Ratio Rank: 55
NUMV Martin Ratio Rank: 58

ESGV

ESGV Risk / Return Rank: 55
ESGV Sharpe Ratio Rank: 59
ESGV Sortino Ratio Rank: 56
ESGV Omega Ratio Rank: 57
ESGV Calmar Ratio Rank: 48
ESGV Martin Ratio Rank: 57

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. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Value ETF (NUMV) and Vanguard ESG U.S. Stock ETF (ESGV). 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.

	NUMV	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.90	-0.08
Sortino ratio: Return per unit of downside risk	2.65	2.58	+0.07
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	2.64	2.30	+0.33
Martin ratio: Return relative to average drawdown	9.96	9.65	+0.31

NUMV vs. ESGV - Sharpe Ratio Comparison

The current NUMV Sharpe Ratio is 1.82, which is comparable to the ESGV Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of NUMV and ESGV, 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

NUMV vs. ESGV - Drawdown Comparison

The maximum NUMV drawdown since its inception was -43.46%, which is greater than ESGV's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for NUMV and ESGV.

Drawdown Indicators

	NUMV	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-33.66%	-9.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-11.60%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-20.41%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	-28.81%	+3.10%
Current Drawdown Current decline from peak	-1.88%	-2.09%	+0.21%
Average Drawdown Average peak-to-trough decline	-6.86%	-6.40%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.76%	-0.46%

Volatility

NUMV vs. ESGV - Volatility Comparison

The current volatility for Nuveen ESG Mid-Cap Value ETF (NUMV) is 3.50%, while Vanguard ESG U.S. Stock ETF (ESGV) has a volatility of 5.40%. This indicates that NUMV experiences smaller price fluctuations and is considered to be less risky than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUMV	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	5.40%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	11.18%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.64%	14.08%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	18.47%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	20.60%	-0.86%

NUMV vs. ESGV - Expense Ratio Comparison

NUMV has a 0.31% expense ratio, which is higher than ESGV's 0.09% expense ratio.

Dividends

NUMV vs. ESGV - Dividend Comparison

NUMV's dividend yield for the trailing twelve months is around 1.41%, more than ESGV's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESGV Vanguard ESG U.S. Stock ETF	0.87%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%	0.00%
NUMV Nuveen ESG Mid-Cap Value ETF	1.41%	1.53%	1.81%	2.20%	5.78%	6.62%	1.38%	2.40%	4.01%	0.83%

Frequently Asked Questions

Can I hold both NUMV and ESGV in my portfolio?

NUMV and ESGV have a correlation of 0.63, 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 ESGV?

ESGV has higher volatility (5.40%) compared to NUMV (3.50%). In terms of maximum drawdown, NUMV dropped -43.46% vs ESGV's -33.66%.

Which ETF is better, NUMV or ESGV?

On 5-year performance, ESGV leads with 12.10% vs 7.17% for NUMV. On fees, ESGV is cheaper at 0.09% per year. On volatility, NUMV has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUMV or ESGV?

Over the 5-year period, ESGV has performed better with a 12.10% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUMV or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.31% for NUMV.

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

NUMV has the higher dividend yield at 1.41%, compared with 0.87% for ESGV.

What is the main difference between NUMV and ESGV?

NUMV is categorized as Mid Cap Value Equities, while ESGV is Large Cap Blend Equities. NUMV tracks TIAA ESG USA Mid-Cap Value Index, while ESGV tracks FTSE US All Cap Choice Index. They also come from different issuers: Nuveen and Vanguard. Their fees differ too: 0.31% for NUMV and 0.09% for ESGV.

Which has better risk-adjusted returns?

ESGV currently has the higher Sharpe Ratio (1.90 vs 1.82), 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.