NVLIX vs. ESGV

Last updated Jun 24, 2026

NVLIX (Nuveen Winslow Large-Cap Growth ESG Fund Class I) and ESGV (Vanguard ESG U.S. Stock ETF) are both funds - NVLIX is a Large Cap Growth Equities fund managed by Nuveen, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. Over the past 5 years, NVLIX returned 11.91%/yr vs 11.61%/yr for ESGV. Their correlation of 0.94 suggests significant overlap in exposure. NVLIX charges 0.83%/yr vs 0.09%/yr for ESGV.

Performance

NVLIX vs. ESGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX) 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, NVLIX achieves a 6.96% return, which is significantly lower than ESGV's 7.75% return.

NVLIX

• 1D: -0.83%
• 1M: 1.48%
• YTD: 6.96%
• 6M: 5.62%
• 1Y: 16.78%
• 3Y*: 22.26%
• 5Y*: 11.91%
• 10Y*: 17.97%

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)

NVLIX vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	6.96%	12.76%	29.48%	43.60%	-31.31%	27.62%	37.97%	33.54%	-15.20%
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 NVLIX and ESGV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018	0.94

The correlation between NVLIX and ESGV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

NVLIX vs. ESGV — Risk / Return Rank

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

NVLIX

NVLIX Risk / Return Rank: 14
NVLIX Sharpe Ratio Rank: 16
NVLIX Sortino Ratio Rank: 16
NVLIX Omega Ratio Rank: 16
NVLIX Calmar Ratio Rank: 11
NVLIX Martin Ratio Rank: 11

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.

NVLIX vs. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX) 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.

	NVLIX	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.67	-0.60
Sortino ratio: Return per unit of downside risk	1.53	2.29	-0.76
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	0.97	2.03	-1.06
Martin ratio: Return relative to average drawdown	2.97	8.48	-5.51

NVLIX vs. ESGV - Sharpe Ratio Comparison

The current NVLIX Sharpe Ratio is 1.07, which is lower than the ESGV Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of NVLIX 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

NVLIX vs. ESGV - Drawdown Comparison

The maximum NVLIX drawdown since its inception was -39.57%, which is greater than ESGV's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for NVLIX and ESGV.

Drawdown Indicators

	NVLIX	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-33.66%	-5.91%
Max Drawdown (1Y) Largest decline over 1 year	-19.01%	-11.60%	-7.41%
Max Drawdown (3Y) Largest decline over 3 years	-23.94%	-20.41%	-3.53%
Max Drawdown (5Y) Largest decline over 5 years	-39.57%	-28.81%	-10.76%
Max Drawdown (10Y) Largest decline over 10 years	-39.57%	—	—
Current Drawdown Current decline from peak	-2.33%	-3.56%	+1.23%
Average Drawdown Average peak-to-trough decline	-6.17%	-6.40%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	2.77%	+3.42%

Volatility

NVLIX vs. ESGV - Volatility Comparison

Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX) has a higher volatility of 7.16% compared to Vanguard ESG U.S. Stock ETF (ESGV) at 5.61%. This indicates that NVLIX's price experiences larger fluctuations and is considered to be riskier than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVLIX	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	5.61%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	11.26%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	17.27%	14.15%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.53%	18.48%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.14%	20.60%	+1.54%

NVLIX vs. ESGV - Expense Ratio Comparison

NVLIX has a 0.83% expense ratio, which is higher than ESGV's 0.09% expense ratio.

Dividends

NVLIX vs. ESGV - Dividend Comparison

NVLIX's dividend yield for the trailing twelve months is around 20.99%, more than ESGV's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	20.99%	22.45%	14.35%	5.39%	8.93%	9.51%	5.47%	8.69%	18.81%	18.70%	17.11%	15.18%

Frequently Asked Questions

Can I hold both NVLIX and ESGV in my portfolio?

With a correlation of 0.93, NVLIX and ESGV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NVLIX or ESGV?

NVLIX has higher volatility (7.16%) compared to ESGV (5.61%). In terms of maximum drawdown, NVLIX dropped -39.57% vs ESGV's -33.66%.

Which has better risk-adjusted returns?

ESGV currently has the higher Sharpe Ratio (1.67 vs 1.07), 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.