NUMV vs QQQ
Nuveen ESG Mid-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 103 holdings.
Side-by-Side Comparison
| Metric | NUMV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.18% | |
| AUM | $445M | $455.8B | |
| Dividend Yield | 1.44% | 0.41% | |
| Holdings | 95 | 108 | |
| YTD Return | +15.58% | +18.20% | |
| 1Y Return | +25.70% | +27.63% | |
| 3Y Return (annualized) | +16.41% | +25.54% | |
| 5Y Return (annualized) | +7.97% | +15.12% | |
| Volatility (annualized) | 18.4% | 30.6% | |
| Max Drawdown | -44.0% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 13, 2016 | Mar 10, 1999 |
NUMV vs QQQ Performance
Nuveen ESG Mid-Cap Value ETF (NUMV) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NUMV returned +25.70% while QQQ returned +27.63%. Year to date, NUMV is up 15.58% versus a gain of 18.20% for QQQ.
Over three years, NUMV compounded at +16.41% per year against +25.54% for QQQ; over five years the annualized figures are +7.97% and +15.12% respectively. Across the full 10-year window we track, QQQ has the edge at +13.11% annualized vs +9.34%. 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 18.4% for NUMV. 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 -44.0% for NUMV 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NUMV charges 0.31% per year while QQQ charges 0.18%. On a $10,000 position that is $31 vs $18 annually, a gap of $13 per year that compounds over a long holding period. On income, NUMV currently yields 1.44% against 0.41% for QQQ.
Holdings Overlap
NUMV and QQQ share 4 holdings out of 193 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NUMV or QQQ?
NUMV has an expense ratio of 0.31% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, NUMV or QQQ?
Over the past year NUMV returned +25.70% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), NUMV annualized +9.34% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, NUMV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.4% for NUMV. Worst drawdown: NUMV -44.0% vs QQQ -83.0%.
Should I hold both NUMV and QQQ?
NUMV and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUMV and QQQ?
NUMV and QQQ share 4 common holdings with a 0.6% weight overlap. Combined, they hold 193 unique securities.
Which pays a higher dividend, NUMV or QQQ?
NUMV yields 1.44% while QQQ yields 0.41%, so NUMV currently pays the higher dividend yield.
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