NUMV vs. NDVG

Last updated Jun 4, 2026

NUMV (Nuveen ESG Mid-Cap Value ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NUMV is a Mid Cap Value Equities fund tracking the TIAA ESG USA Mid-Cap Value Index, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. NUMV is passively managed, while NDVG is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. NUMV charges 0.31%/yr vs 0.64%/yr for NDVG.

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.

Returns By Period

NUMV

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

NDVG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUMV vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUMV Nuveen ESG Mid-Cap Value ETF	9.74%	14.05%	12.31%	8.43%	-14.97%	6.93%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	17.60%	15.15%	-9.55%	11.07%

Correlation

The correlation between NUMV and NDVG is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.83

The correlation between NUMV and NDVG shifts across timeframes, from 0.67 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

NUMV vs. NDVG - Sectors Allocation Comparison

Sectors	NUMV	NDVG
Financial Services	18.6%	14.7%
Technology	14.8%	28.9%
Industrials	13.9%	10.2%
Real Estate	8.6%	3.9%
Consumer Defensive	8.3%	7.7%
Healthcare	8.2%	9.8%
Consumer Cyclical	8.1%	9.7%
Utilities	6.8%	5.1%
Communication Services	5.5%	2.7%
Basic Materials	4.6%	2.2%
Energy	2.6%	5.3%

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: 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

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	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.79	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.74	—	—
Martin ratio: Return relative to average drawdown	10.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NUMV	NDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	—	—

Drawdowns

Drawdown Indicators

	NUMV	NDVG	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	—	—
Current Drawdown Current decline from peak	-0.42%	—	—
Average Drawdown Average peak-to-trough decline	-6.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	—	—

Volatility

Volatility by Period

	NUMV	NDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	—	—

NUMV vs. NDVG - Expense Ratio Comparison

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

Dividends

NUMV vs. NDVG - Dividend Comparison

NUMV's dividend yield for the trailing twelve months is around 1.40%, less than NDVG's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both NUMV and NDVG in my portfolio?

NUMV and NDVG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUMV or NDVG?

On fees, NUMV is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUMV or NDVG?

NUMV is cheaper with a 0.31% expense ratio, compared with 0.64% for NDVG.

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

NDVG has the higher dividend yield at 4.41%, compared with 1.40% for NUMV.

What is the main difference between NUMV and NDVG?

NUMV is categorized as Mid Cap Value Equities, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.31% for NUMV and 0.64% for NDVG.