NWLG vs SCHD
Nuveen Winslow Large-Cap Growth ESG ETF vs Schwab US Dividend Equity ETF
Which is better, NWLG or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 60.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NWLG | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $9M | $112.1B |
| Dividend Yield | 0.00% | 3.00% |
| Holdings | 42 | 103 |
| Volatility (annualized) | 21.3% | 15.1%Best |
| Max Drawdown | -39.9% | -16.9%Best |
| $10,000 over 4.7 years | $11,691 | $14,320Best |
| Top 10 Weight | 60.4% | 41.8%Best |
| Fund Family | Nuveen | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Aug 4, 2021 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 158 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. NWLG has data through Apr 6, 2026 and SCHD through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Aug 5, 2021 to Apr 6, 2026 (4.7 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.1% for SCHD. 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 -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NWLG charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, NWLG currently yields 0.00% against 3.00% for SCHD.
Holdings Overlap
1.5% of NWLG's money is in holdings SCHD also owns. 0.7% of SCHD's money is in holdings NWLG also owns.
NWLG and SCHD share little of their money.
The two holdings books were reported 243 days apart, NWLG as of Dec 31, 2025 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 39 positions we hold weights for in NWLG and 100 in SCHD, against full books of 42 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for NWLG (99.2% of the fund), and 37 for NWLG that do not appear in SCHD (96.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NWLG | Weight in SCHD | Difference |
|---|---|---|---|
| ARESAres Management Corp Common Stock | 1.49% | 0.74% | 0.75% |
You are not choosing between two funds in isolation.
Whichever of NWLG and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NWLG or SCHD?
NWLG has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option, by $59 a year on a $10,000 investment.
Which is riskier, NWLG or SCHD?
NWLG has been the more volatile fund at 21.3% annualized versus 15.1% for SCHD. Worst drawdown: NWLG -39.9% vs SCHD -16.9%.
Should I hold both NWLG and SCHD?
NWLG and SCHD have a monthly-return correlation of 0.45, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NWLG and SCHD?
1.5% of NWLG's money is in holdings SCHD also owns. 0.7% of SCHD's is in holdings NWLG also owns. They hold 1 positions in common, counted across the 39 positions we hold weights for in NWLG and 100 in SCHD.
Which pays a higher dividend, NWLG or SCHD?
NWLG yields 0.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than NWLG?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 60.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.