NUMV vs. IMCV
Compare and contrast key facts about Nuveen ESG Mid-Cap Value ETF (NUMV) and iShares Morningstar Mid-Cap ETF (IMCV).
NUMV and IMCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUMV is a passively managed fund by Nuveen that tracks the performance of the MSCI TIAA ESG USA Mid Cap Value. It was launched on Dec 13, 2016. IMCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Value Index. It was launched on Jun 28, 2004. Both NUMV and IMCV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUMV or IMCV.
Key characteristics
| NUMV | IMCV | |
|---|---|---|
| YTD Return | 18.17% | 18.46% |
| 1Y Return | 38.21% | 35.76% |
| 3Y Return (Ann) | 2.95% | 7.57% |
| 5Y Return (Ann) | 8.13% | 10.25% |
| Sharpe Ratio | 2.71 | 2.75 |
| Sortino Ratio | 3.79 | 3.90 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 1.65 | 0.35 |
| Martin Ratio | 16.20 | 17.53 |
| Ulcer Index | 2.28% | 1.98% |
| Daily Std Dev | 13.66% | 12.66% |
| Max Drawdown | -43.46% | -100.00% |
| Current Drawdown | 0.00% | -99.99% |
Correlation
The correlation between NUMV and IMCV is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NUMV vs. IMCV - Performance Comparison
The year-to-date returns for both investments are quite close, with NUMV having a 18.17% return and IMCV slightly higher at 18.46%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NUMV vs. IMCV - Expense Ratio Comparison
NUMV has a 0.30% expense ratio, which is higher than IMCV's 0.06% expense ratio.
Risk-Adjusted Performance
NUMV vs. IMCV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Value ETF (NUMV) and iShares Morningstar Mid-Cap ETF (IMCV). 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.
Dividends
NUMV vs. IMCV - Dividend Comparison
NUMV's dividend yield for the trailing twelve months is around 1.86%, less than IMCV's 2.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUMV Nuveen ESG Mid-Cap Value ETF | 1.86% | 2.20% | 5.78% | 6.62% | 1.38% | 2.40% | 4.01% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCV iShares Morningstar Mid-Cap ETF | 2.17% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% | 1.95% | 1.87% |
Drawdowns
NUMV vs. IMCV - Drawdown Comparison
The maximum NUMV drawdown since its inception was -43.46%, smaller than the maximum IMCV drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NUMV and IMCV. For additional features, visit the drawdowns tool.
Volatility
NUMV vs. IMCV - Volatility Comparison
Nuveen ESG Mid-Cap Value ETF (NUMV) and iShares Morningstar Mid-Cap ETF (IMCV) have volatilities of 3.93% and 3.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.