NULV vs VOO
Nuveen ESG Large-Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. NULV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NULV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.03% | |
| AUM | $2.2B | $979.0B | |
| Dividend Yield | 1.47% | 1.09% | |
| Holdings | 111 | 509 | |
| YTD Return | +18.50% | +13.72% | |
| 1Y Return | +28.66% | +21.63% | |
| 3Y Return (annualized) | +17.22% | +21.55% | |
| 5Y Return (annualized) | +9.43% | +13.26% | |
| Volatility (annualized) | 15.5% | 14.1% | |
| Max Drawdown | -37.0% | -34.3% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 13, 2016 | Sep 7, 2010 |
NULV vs VOO Performance
Nuveen ESG Large-Cap Value ETF (NULV) is a ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NULV returned +28.66% while VOO returned +21.63%. Year to date, NULV is up 18.50% versus a gain of 13.72% for VOO.
Over three years, NULV compounded at +17.22% per year against +21.55% for VOO; over five years the annualized figures are +9.43% and +13.26% respectively. Across the full 10-year window we track, VOO has the edge at +13.56% annualized vs +10.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NULV has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NULV charges 0.26% per year while VOO charges 0.03%. On a $10,000 position that is $26 vs $3 annually, a gap of $23 per year that compounds over a long holding period. On income, NULV currently yields 1.47% against 1.09% for VOO.
Holdings Overlap
NULV and VOO share 93 holdings out of 513 unique holdings combined, representing a 19.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NULV or VOO?
NULV has an expense ratio of 0.26% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, NULV or VOO?
Over the past year NULV returned +28.66% vs +21.63% for VOO, so NULV leads on 1-year performance. Over the longest common window we track (10 years), NULV annualized +10.57% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, NULV or VOO?
NULV has been the more volatile fund at 15.5% annualized versus 14.1% for VOO. Worst drawdown: NULV -37.0% vs VOO -34.3%.
Should I hold both NULV and VOO?
NULV and VOO have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between NULV and VOO?
NULV and VOO share 93 common holdings with a 19.5% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, NULV or VOO?
NULV yields 1.47% while VOO yields 1.09%, so NULV currently pays the higher dividend yield.
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