NULV vs QQQ
Nuveen ESG Large-Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, NULV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. NULV led over 1Y, QQQ over 3Y, 5Y and the full window. NULV is less concentrated, with 30.4% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NULV | QQQ |
|---|---|---|
| Expense Ratio | 0.26% | 0.18%Best |
| AUM | $2.5B | $483.5B |
| Dividend Yield | 1.37% | 0.44% |
| Holdings | 102 | 107 |
| YTD Return | +16.87% | +17.95%Best |
| 1Y Return | +23.91%Best | +21.77% |
| 3Y Return (annualized) | +17.54% | +25.63%Best |
| 5Y Return (annualized) | +9.84% | +15.24%Best |
| Volatility (annualized) | 15.4%Best | 19.2% |
| Max Drawdown | -37.0% | -35.1%Best |
| $10,000 over 5 years | $15,988 | $20,324Best |
| Top 10 Weight | 30.4%Best | 46.5% |
| Fund Family | Nuveen | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 13, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2016 to Sep 18, 2026 (9.8 years).
NULV vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.8 years both funds cover.
NULV vs QQQ Performance
Nuveen ESG Large-Cap Value ETF (NULV) is an ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NULV returned +23.91% while QQQ returned +21.77%. Year to date, NULV is up 16.87% versus a gain of 17.95% for QQQ.
Over three years, NULV compounded at +17.54% per year against +25.63% for QQQ; over five years the annualized figures are +9.84% and +15.24% respectively. Across the full 10-year window we track, QQQ has the edge at +20.55% annualized vs +10.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 15.4% for NULV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.0% for NULV and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NULV charges 0.26% per year while QQQ charges 0.18%. On a $10,000 position that is $26 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, NULV currently yields 1.37% against 0.44% for QQQ.
Holdings Overlap
27.2% of NULV's money is in holdings QQQ also owns. 16.7% of QQQ's money is in holdings NULV also owns.
NULV and QQQ share little of their money.
20 positions in common, counted across the 127 positions we hold weights for in NULV and 102 in QQQ, against full books of 102 and 107.
What only one of them owns
Our book lists 76 positions for QQQ that do not appear in our book for NULV (80.8% of the fund), and 104 for NULV that do not appear in QQQ (71.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NULV | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 10.67% | 5.76% | 4.91% |
| METAMeta Platforms Inc | 4.14% | 2.78% | 1.36% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.51% | 2.10% | 0.41% |
| GILDGilead Sciences | 1.40% | 0.72% | 0.68% |
| HONHoneywell International Inc. | 1.35% | 0.35% | 1.00% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 1.43% | 0.26% | 1.17% |
| BKRBaker Hughes Co | 1.33% | 0.27% | 1.06% |
| EXCExelon | 1.23% | 0.21% | 1.02% |
| CMCSAComcast Corp-class A Cmcsa | 0.57% | 0.39% | 0.18% |
| TMUST-Mobile Us Inc Com Usd0.00001 | 0.10% | 0.82% | 0.72% |
27.2% of NULV is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NULV or QQQ?
NULV has an expense ratio of 0.26% while QQQ charges 0.18%. QQQ is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, NULV or QQQ?
Over the past year NULV returned +23.91% vs +21.77% for QQQ, so NULV leads on 1-year performance. Over the longest common window we track (10 years), NULV annualized +10.30% vs +20.55% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NULV or QQQ?
QQQ has been the more volatile fund at 19.2% annualized versus 15.4% for NULV. Worst drawdown: NULV -37.0% vs QQQ -35.1%.
Should I hold both NULV and QQQ?
NULV and QQQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NULV and QQQ?
27.2% of NULV's money is in holdings QQQ also owns. 16.7% of QQQ's is in holdings NULV also owns. They hold 20 positions in common, counted across the 127 positions we hold weights for in NULV and 102 in QQQ.
Which pays a higher dividend, NULV or QQQ?
NULV yields 1.37% while QQQ yields 0.44%, so NULV currently pays the higher dividend yield.
Is QQQ better than NULV?
QQQ has a lower expense ratio. NULV led over 1Y, QQQ over 3Y, 5Y and the full window. NULV is less concentrated, with 30.4% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.