NUSC vs. ESGV

Last updated Jun 24, 2026

NUSC (Nuveen ESG Small-Cap ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - NUSC is a Small Cap Growth Equities fund tracking the MSCI TIAA ESG USA Small Cap, 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, NUSC returned 4.65%/yr vs 11.61%/yr for ESGV. Their correlation of 0.84 suggests significant overlap in exposure. NUSC charges 0.30%/yr vs 0.09%/yr for ESGV.

Performance

NUSC vs. ESGV - Performance Comparison

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

Returns By Period

In the year-to-date period, NUSC achieves a 13.66% return, which is significantly higher than ESGV's 7.75% return.

NUSC

• 1D: -0.98%
• 1M: 3.23%
• YTD: 13.66%
• 6M: 11.49%
• 1Y: 28.10%
• 3Y*: 13.78%
• 5Y*: 4.65%
• 10Y*: —

ESGV

• 1D: -1.50%
• 1M: -1.12%
• YTD: 7.75%
• 6M: 6.70%
• 1Y: 23.45%
• 3Y*: 20.58%
• 5Y*: 11.61%
• 10Y*: —

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

NUSC vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NUSC Nuveen ESG Small-Cap ETF	13.66%	7.72%	8.29%	15.72%	-17.73%	17.51%	23.69%	27.09%	-18.74%
ESGV Vanguard ESG U.S. Stock ETF	7.75%	16.48%	24.69%	30.79%	-24.04%	26.55%	25.69%	33.36%	-14.45%

Correlation

The correlation between NUSC and ESGV is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018	0.84

The correlation between NUSC and ESGV has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

NUSC vs. ESGV — Risk / Return Rank

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

NUSC

NUSC Risk / Return Rank: 54
NUSC Sharpe Ratio Rank: 51
NUSC Sortino Ratio Rank: 52
NUSC Omega Ratio Rank: 46
NUSC Calmar Ratio Rank: 61
NUSC Martin Ratio Rank: 61

ESGV

ESGV Risk / Return Rank: 48
ESGV Sharpe Ratio Rank: 50
ESGV Sortino Ratio Rank: 48
ESGV Omega Ratio Rank: 49
ESGV Calmar Ratio Rank: 42
ESGV Martin Ratio Rank: 51

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.

NUSC vs. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Small-Cap ETF (NUSC) 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.

	NUSC	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.67	-0.05
Sortino ratio: Return per unit of downside risk	2.37	2.29	+0.08
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.79	2.03	+0.76
Martin ratio: Return relative to average drawdown	10.07	8.48	+1.59

NUSC vs. ESGV - Sharpe Ratio Comparison

The current NUSC Sharpe Ratio is 1.62, which is comparable to the ESGV Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of NUSC 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

NUSC vs. ESGV - Drawdown Comparison

The maximum NUSC drawdown since its inception was -41.49%, which is greater than ESGV's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for NUSC and ESGV.

Drawdown Indicators

	NUSC	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-41.49%	-33.66%	-7.83%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-11.60%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-26.95%	-20.41%	-6.54%
Max Drawdown (5Y) Largest decline over 5 years	-28.85%	-28.81%	-0.04%
Current Drawdown Current decline from peak	-1.07%	-3.56%	+2.49%
Average Drawdown Average peak-to-trough decline	-8.17%	-6.40%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.77%	+0.03%

Volatility

NUSC vs. ESGV - Volatility Comparison

The current volatility for Nuveen ESG Small-Cap ETF (NUSC) is 5.19%, while Vanguard ESG U.S. Stock ETF (ESGV) has a volatility of 5.61%. This indicates that NUSC 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

	NUSC	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.61%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	11.26%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	14.15%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	18.48%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	20.60%	+1.74%

NUSC vs. ESGV - Expense Ratio Comparison

NUSC has a 0.30% expense ratio, which is higher than ESGV's 0.09% expense ratio.

Dividends

NUSC vs. ESGV - Dividend Comparison

NUSC's dividend yield for the trailing twelve months is around 0.92%, more than ESGV's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESGV Vanguard ESG U.S. Stock ETF	0.89%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%	0.00%
NUSC Nuveen ESG Small-Cap ETF	0.92%	1.05%	1.15%	1.11%	1.16%	7.06%	0.52%	0.90%	3.95%	0.94%

Frequently Asked Questions

Can I hold both NUSC and ESGV in my portfolio?

NUSC and ESGV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUSC or ESGV?

ESGV has higher volatility (5.61%) compared to NUSC (5.19%). In terms of maximum drawdown, NUSC dropped -41.49% vs ESGV's -33.66%.

Which ETF is better, NUSC or ESGV?

On 5-year performance, ESGV leads with 11.61% vs 4.65% for NUSC. On fees, ESGV is cheaper at 0.09% per year. On volatility, NUSC has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUSC or ESGV?

Over the 5-year period, ESGV has performed better with a 11.61% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUSC or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.30% for NUSC.

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

NUSC has the higher dividend yield at 0.92%, compared with 0.89% for ESGV.

What is the main difference between NUSC and ESGV?

NUSC is categorized as Small Cap Growth Equities, while ESGV is Large Cap Blend Equities. NUSC tracks MSCI TIAA ESG USA Small Cap, while ESGV tracks FTSE US All Cap Choice Index. They also come from different issuers: Nuveen and Vanguard. Their fees differ too: 0.30% for NUSC and 0.09% for ESGV.

Which has better risk-adjusted returns?

ESGV currently has the higher Sharpe Ratio (1.67 vs 1.62), 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.