NWLG vs QQQ
Nuveen Winslow Large-Cap Growth ESG 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 | NWLG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $9M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 42 | 108 | |
| YTD Return | -22.39% | +16.64% | |
| 1Y Return | +7.45% | +27.27% | |
| 3Y Return (annualized) | +13.26% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 21.3% | 30.6% | |
| Max Drawdown | -39.9% | -83.0% | |
| Fund Family | Nuveen | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 4, 2021 | Mar 10, 1999 |
NWLG vs QQQ Performance
Nuveen Winslow Large-Cap Growth ESG ETF (NWLG) is a ETF from Nuveen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NWLG returned +7.45% while QQQ returned +27.27%. Year to date, NWLG is down 22.39% versus a gain of 16.64% for QQQ.
Over three years, NWLG compounded at +13.26% per year against +25.96% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +3.38%. 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 21.3% for NWLG. 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 -39.9% for NWLG 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NWLG charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, NWLG currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
NWLG and QQQ share 20 holdings out of 121 unique holdings combined, representing a 44.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NWLG or QQQ?
NWLG has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, NWLG or QQQ?
Over the past year NWLG returned +7.45% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), NWLG annualized +3.38% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NWLG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.3% for NWLG. Worst drawdown: NWLG -39.9% vs QQQ -83.0%.
Should I hold both NWLG and QQQ?
NWLG and QQQ have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NWLG and QQQ?
NWLG and QQQ share 20 common holdings with a 44.2% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, NWLG or QQQ?
NWLG yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.