NUMV vs SPY
Nuveen ESG Mid-Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NUMV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NUMV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.09% | |
| AUM | $445M | $789.1B | |
| Dividend Yield | 1.44% | 1.01% | |
| Holdings | 95 | 505 | |
| YTD Return | +15.53% | +13.39% | |
| 1Y Return | +25.86% | +22.52% | |
| 3Y Return (annualized) | +16.68% | +21.36% | |
| 5Y Return (annualized) | +7.55% | +13.19% | |
| Volatility (annualized) | 18.4% | 15.3% | |
| Max Drawdown | -44.0% | -56.5% | |
| Fund Family | Nuveen | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 13, 2016 | Jan 22, 1993 |
NUMV vs SPY Performance
Nuveen ESG Mid-Cap Value ETF (NUMV) is a ETF from Nuveen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NUMV returned +25.86% while SPY returned +22.52%. Year to date, NUMV is up 15.53% versus a gain of 13.39% for SPY.
Over three years, NUMV compounded at +16.68% per year against +21.36% for SPY; over five years the annualized figures are +7.55% and +13.19% respectively. Across the full 10-year window we track, NUMV has the edge at +9.32% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUMV has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NUMV charges 0.31% per year while SPY charges 0.09%. On a $10,000 position that is $31 vs $9 annually, a gap of $22 per year that compounds over a long holding period. On income, NUMV currently yields 1.44% against 1.01% for SPY.
Holdings Overlap
NUMV and SPY share 85 holdings out of 512 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NUMV or SPY?
NUMV has an expense ratio of 0.31% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, NUMV or SPY?
Over the past year NUMV returned +25.86% vs +22.52% for SPY, so NUMV leads on 1-year performance. Over the longest common window we track (10 years), NUMV annualized +9.32% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, NUMV or SPY?
NUMV has been the more volatile fund at 18.4% annualized versus 15.3% for SPY. Worst drawdown: NUMV -44.0% vs SPY -56.5%.
Should I hold both NUMV and SPY?
NUMV and SPY have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUMV and SPY?
NUMV and SPY share 85 common holdings with a 3.5% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, NUMV or SPY?
NUMV yields 1.44% while SPY yields 1.01%, so NUMV currently pays the higher dividend yield.
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