NUMV vs. NDVG

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen ESG Mid-Cap Value ETF (NUMV) and Nuveen Dividend Growth ETF (NDVG).

NUMV and NDVG 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 TIAA ESG USA Mid-Cap Value Index. It was launched on Dec 13, 2016. NDVG is an actively managed fund by Nuveen. It was launched on Aug 4, 2021.

Performance

NUMV vs. NDVG - Performance Comparison

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

NUMV vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUMV Nuveen ESG Mid-Cap Value ETF	-0.84%	14.05%	12.31%	8.43%	-14.97%	6.93%
NDVG Nuveen Dividend Growth ETF	-2.17%	10.06%	17.60%	15.15%	-9.55%	11.07%

Returns By Period

In the year-to-date period, NUMV achieves a -0.84% return, which is significantly higher than NDVG's -2.17% return.

NUMV

• 1D: 2.16%
• 1M: -6.74%
• YTD: -0.84%
• 6M: 1.75%
• 1Y: 15.07%
• 3Y*: 12.60%
• 5Y*: 5.84%
• 10Y*: —

NDVG

• 1D: 2.07%
• 1M: -5.31%
• YTD: -2.17%
• 6M: -2.02%
• 1Y: 9.40%
• 3Y*: 12.79%
• 5Y*: —
• 10Y*: —

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

NUMV vs. NDVG - Expense Ratio Comparison

NUMV has a 0.31% expense ratio, which is lower than NDVG's 0.64% expense ratio.

NDVG

Nuveen Dividend Growth ETF

NUMV

Nuveen ESG Mid-Cap Value ETF

Return for Risk

NUMV vs. NDVG — Risk / Return Rank

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

NUMV

NUMV Risk / Return Rank: 51
NUMV Sharpe Ratio Rank: 49
NUMV Sortino Ratio Rank: 51
NUMV Omega Ratio Rank: 47
NUMV Calmar Ratio Rank: 51
NUMV Martin Ratio Rank: 56

NDVG

NDVG Risk / Return Rank: 37
NDVG Sharpe Ratio Rank: 34
NDVG Sortino Ratio Rank: 34
NDVG Omega Ratio Rank: 35
NDVG Calmar Ratio Rank: 38
NDVG Martin Ratio Rank: 44

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. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Value ETF (NUMV) and Nuveen Dividend Growth ETF (NDVG). 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	NDVG	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.61	+0.27
Sortino ratio Return per unit of downside risk	1.35	0.97	+0.38
Omega ratio Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio Return relative to maximum drawdown	1.28	0.98	+0.30
Martin ratio Return relative to average drawdown	5.51	4.17	+1.34
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. NDVG - Sharpe Ratio Comparison

The current NUMV Sharpe Ratio is 0.88, which is higher than the NDVG Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of NUMV and NDVG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NUMV	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.61	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.59	-0.20

Correlation

The correlation between NUMV and NDVG is 0.84, 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.

Dividends

NUMV vs. NDVG - Dividend Comparison

NUMV's dividend yield for the trailing twelve months is around 1.55%, more than NDVG's 1.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUMV Nuveen ESG Mid-Cap Value ETF	1.55%	1.53%	1.81%	2.20%	5.78%	6.62%	1.38%	2.40%	4.01%	0.83%
NDVG Nuveen Dividend Growth ETF	1.09%	1.05%	1.20%	1.24%	1.34%	0.57%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NUMV vs. NDVG - Drawdown Comparison

The maximum NUMV drawdown since its inception was -43.46%, which is greater than NDVG's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for NUMV and NDVG.

Drawdown Indicators

	NUMV	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-19.71%	-23.75%
Max Drawdown (1Y) Largest decline over 1 year	-12.49%	-10.79%	-1.70%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	—	—
Current Drawdown Current decline from peak	-6.74%	-5.87%	-0.87%
Average Drawdown Average peak-to-trough decline	-6.99%	-4.34%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.53%	+0.37%

Volatility

NUMV vs. NDVG - Volatility Comparison

Nuveen ESG Mid-Cap Value ETF (NUMV) has a higher volatility of 4.83% compared to Nuveen Dividend Growth ETF (NDVG) at 4.25%. This indicates that NUMV's price experiences larger fluctuations and is considered to be riskier than NDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUMV	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.25%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	7.93%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	15.46%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	14.55%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	14.55%	+5.34%