NULV vs QQQ
Nuveen ESG Large-Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NULV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.18% | |
| AUM | $2.3B | $496.3B | |
| Dividend Yield | 1.43% | 0.44% | |
| Holdings | 102 | 108 | |
| YTD Return | +17.82% | +16.64% | |
| 1Y Return | +26.72% | +27.27% | |
| 3Y Return (annualized) | +18.06% | +25.96% | |
| 5Y Return (annualized) | +9.41% | +14.54% | |
| Volatility (annualized) | 15.5% | 30.6% | |
| Max Drawdown | -37.0% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 13, 2016 | Mar 10, 1999 |
NULV vs QQQ Performance
Nuveen ESG Large-Cap Value ETF (NULV) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NULV returned +26.72% while QQQ returned +27.27%. Year to date, NULV is up 17.82% versus a gain of 16.64% for QQQ.
Over three years, NULV compounded at +18.06% per year against +25.96% for QQQ; over five years the annualized figures are +9.41% and +14.54% respectively. Across the full 10-year window we track, QQQ has the edge at +13.03% annualized vs +10.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.5% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.43% against 0.44% for QQQ.
Holdings Overlap
NULV and QQQ share 15 holdings out of 188 unique holdings combined, representing a 14.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $8 per year of difference.
Which performed better, NULV or QQQ?
Over the past year NULV returned +26.72% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), NULV annualized +10.48% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NULV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.5% for NULV. Worst drawdown: NULV -37.0% vs QQQ -83.0%.
Should I hold both NULV and QQQ?
NULV and QQQ have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NULV and QQQ?
NULV and QQQ share 15 common holdings with a 14.3% weight overlap. Combined, they hold 188 unique securities.
Which pays a higher dividend, NULV or QQQ?
NULV yields 1.43% while QQQ yields 0.44%, so NULV currently pays the higher dividend yield.
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