NWLG vs. NDVG

Last updated Jun 4, 2026

NWLG (Nuveen Winslow Large-Cap Growth ESG ETF) and NDVG (Nuveen Dividend Growth ETF) are both Large Cap Growth Equities funds from Nuveen. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.64% expense ratio.

Performance

NWLG vs. NDVG - Performance Comparison

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

Returns By Period

NWLG

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

NDVG

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

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

NWLG vs. NDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NWLG Nuveen Winslow Large-Cap Growth ESG ETF	-10.63%	13.21%	29.17%	43.55%	-31.52%	5.24%
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	17.60%	15.15%	-9.55%	11.07%

Correlation

The correlation between NWLG and NDVG is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.79

The correlation between NWLG and NDVG has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

NWLG vs. NDVG - Sectors Allocation Comparison

Sectors	NWLG	NDVG
Technology	48.0%	28.9%
Communication Services	14.7%	2.7%
Industrials	12.4%	10.2%
Consumer Cyclical	10.3%	9.7%
Healthcare	6.7%	9.8%
Financial Services	5.9%	14.7%
Consumer Defensive	1.0%	7.7%
Basic Materials	1.0%	2.2%
Energy	-	5.3%
Real Estate	-	3.9%
Utilities	-	5.1%

Return for Risk

NWLG vs. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Winslow Large-Cap Growth ESG ETF (NWLG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

NWLG vs. NDVG - Expense Ratio Comparison

Both NWLG and NDVG have an expense ratio of 0.64%.

Dividends

NWLG vs. NDVG - Dividend Comparison

NWLG's dividend yield for the trailing twelve months is around 15.71%, more than NDVG's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%
NWLG Nuveen Winslow Large-Cap Growth ESG ETF	15.71%	0.00%	0.00%	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NWLG and NDVG in my portfolio?

NWLG and NDVG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NWLG or NDVG?

Both ETFs have the same 0.64% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NWLG or NDVG?

NWLG and NDVG have the same expense ratio: 0.64% per year.

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

NWLG has the higher dividend yield at 15.71%, compared with 4.41% for NDVG.