Nuveen ESG Large-Cap Growth ETF
ALTAR
Score™
3.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
42.1x P/Sales
ratio
7.5x
P/BV
ratio
10.6x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Large-Cap Growth ETF tracks an index composed of large-cap U.S. companies with growth characteristics that also meet certain environmental, social, and governance criteria.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Dec 13, 2016
Assets (mns) $484
Currency USD
Expense ratio 35 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 81
Wgt avg mkt cap (mns) $343,570
Large cap (>$10bn) 99.3%
Mid cap ($2-10bn) 0.7%
Small cap (<$2bn) 0.0%
Developed mkts 98.1%
Emerging mkts 1.9%

TOP TEN HOLDINGS
MICROSOFT CORP 7.8 %
TESLA MOTORS INC 5.5 %
ALPHABET INC. CLASS A 4.1 %
ALPHABET INC. CLASS C 3.1 %
NVIDIA CORP 2.9 %
PAYPAL HOLDINGS INC 2.8 %
MASTERCARD INC-CLASS A 2.6 %
THERMO FISHER SCIENTIFIC INC 2.4 %
ADOBE SYSTEMS INC 2.3 %
NIKE INC -CL B 2.2 %
Total 35.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.4 %
ARGENTINA 2.1 %
IRELAND 1.5 %
BRITAIN 0.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
39.5% 39.5% -- -- 24.7%

Market Correlations
versus... Beta R-squared
S&P500 1.05 94%
MSCI EAFE 0.94 75%
MSCI Emg. Mkts. 0.73 58%

Technical Indicators
Recent close $56.61
30d moving avg. $56.30
Annualized volatility 20.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 71
Turnover 0.8%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $80,437

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Nuveen ESG Large-Cap Growth ETF ETF based on the alternatives' overlap in portfolio holdings with NULG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NULG Expense: 35 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NULG
Ticker Fund
Name
Overlap1
vs NULG
(%)
Expense
ratio
(bp)
Savings
vs NULG
(bp)
ALTAR
Score™
(%)
ALTAR
vs NULG
(%)
JKE iShares Morningstar Large-Cap Growth ETF 45.2 25 10 2.3 -0.8
PWB Invesco Dynamic Large Cap Growth ETF 44.2 56 -21 2.2 -0.8
NULC Nuveen ESG Large-Cap ETF 43.2 20 15 4.3 +1.3
MGK Vanguard Mega Cap Growth ETF 41.2 7 28 3.8 +0.8
MTUM iShares MSCI USA Momentum Factor ETF 39.3 15 20 2.3 -0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 39.0 10 25 4.9 +1.9
SUSL iShares ESG MSCI USA Leaders ETF 39.0 10 25 4.9 +1.9
DSI iShares MSCI KLD 400 Social ETF 38.0 25 10 4.7 +1.6
SCHG Schwab U.S. Large-Cap Growth ETF 37.4 4 31 3.3 +0.3
USXF iShares ESG Advanced MSCI USA ETF 37.2 10 25 4.6 +1.6
VUG Vanguard Growth Index Fund 37.0 4 31 3.6 +0.6
IWY iShares Russell Top 200 Growth ETF 36.9 20 15 3.7 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 36.8 4 31 3.8 +0.8
IVW iShares S&P 500 Growth ETF 36.7 18 17 3.7 +0.7
IUSG iShares Core S&P US Growth ETF 35.5 4 31 3.8 +0.8
IWF iShares Russell 1000 Growth ETF 34.9 19 16 3.6 +0.5
QYLD Global X NASDAQ 100 Covered Call ETF 34.8 60 -25 3.2 +0.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 34.7 60 -25 3.2 +0.2
QQQM Invesco NASDAQ 100 ETF 34.6 15 20 3.7 +0.7
QQQ Invesco QQQ Trust 34.5 20 15 3.6 +0.6
NUSI Nationwide Risk-Managed Income ETF 34.3 68 -33 3.1 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 34.1 8 27 3.7 +0.7
IGM iShares Expanded Tech Sector ETF 34.1 46 -11 3.4 +0.4
VOOG Vanguard S&P 500 Growth ETF 33.8 10 25 4.1 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.7 49 -14 3.5 +0.5
IETC iShares Evolved U.S. Technology ETF 33.6 18 17 3.6 +0.6
ESGV Vanguard ESG U.S. Stock ETF 33.0 12 23 4.6 +1.5
TMFC Motley Fool 100 Index ETF 33.0 50 -15 3.2 +0.2
SUSA iShares MSCI USA ESG Select ETF 32.9 25 10 4.3 +1.3
VEGN US Vegan Climate ETF 32.6 60 -25 4.1 +1.0
RPG Invesco S&P 500 Pure Growth ETF 31.8 35 0 2.8 -0.2
SPMO Invesco S&P 500 Momentum ETF 31.8 13 22 4.0 +0.9
ECOZ TrueMark ESG Active Opportunities ETF 30.8 58 -23 3.1 +0.1
IQSU IQ Candriam ESG US Equity ETF 30.5 9 26 4.6 +1.6
JOET Virtus Terranova US Quality Momentum ETF 29.5 29 6 4.7 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 29.4 60 -25 3.7 +0.7
IYW iShares U.S. Technology ETF 28.8 43 -8 3.6 +0.5
XLK Technology Select Sector SPDR Fund 28.7 13 22 4.4 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.1 12 23 4.1 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 27.8 40 -5 3.6 +0.6
FTEC Fidelity MSCI Information Technology Index ETF 27.7 8 27 4.1 +1.1
VGT Vanguard Information Technology Index Fund 27.5 10 25 4.1 +1.0
FDMO Fidelity Momentum Factor ETF 27.5 29 6 2.5 -0.5
HIPR Direxion High Growth ETF 27.4 40 -5 4.0 +1.0
JMOM JPMorgan U.S. Momentum Factor ETF 27.4 12 23 3.0 0.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 27.3 21 14 3.0 -0.0
OEF iShares S&P 100 ETF 26.7 20 15 4.3 +1.3
XLG Invesco S&P 500 Top 50 ETF 26.5 20 15 4.2 +1.2
FDLO Fidelity Low Volatility Factor ETF 26.4 29 6 5.0 +2.0
BKLC BNY Mellon US Large Cap Core Equity ETF 26.2 0 35 4.6 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 26.1 15 20 4.5 +1.5
SPXN ProShares S&P 500 Ex-Financials ETF 26.1 27 8 4.5 +1.5
ADME Aptus Drawdown Managed Equity ETF 26.0 79 -44 3.2 +0.2
IWL iShares Russell Top 200 ETF 26.0 15 20 4.5 +1.5
IXN iShares Global Tech ETF 25.8 46 -11 3.9 +0.9
MGC Vanguard Mega Cap Index Fund 25.7 7 28 4.7 +1.7
SYG SPDR MFS Systematic Growth Equity ETF 25.5 60 -25 3.6 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 25.4 75 -40 3.6 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 25.1 27 8 4.4 +1.4
XNTK SPDR NYSE Technology ETF 24.9 35 0 2.8 -0.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 24.9 75 -40 3.0 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.7 9 26 4.9 +1.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 24.6 15 20 4.7 +1.7
QUAL iShares MSCI Usa Quality Factor ETF 24.6 15 20 5.1 +2.0
STLG iShares Factors US Growth Style ETF 24.1 25 10 4.0 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 24.1 27 8 4.7 +1.7
PBP Invesco S&P 500 BuyWrite ETF 24.1 49 -14 4.4 +1.4
QGRO American Century STOXX U.S. Quality Growth ETF 24.1 29 6 3.7 +0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.0 75 -40 2.1 -0.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 24.0 59 -24 4.1 +1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 23.8 35 0 4.4 +1.4
FQAL Fidelity Quality Factor ETF 23.8 29 6 5.1 +2.1
ACIO Aptus Collared Income Opportunity ETF 23.8 79 -44 3.9 +0.8
JHMT John Hancock Multifactor Technology ETF 23.8 40 -5 4.1 +1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 23.7 60 -25 4.4 +1.4
PLAT WisdomTree Modern Tech Platforms Fund 23.7 20 15 1.6 -1.4
SPY SPDR S&P 500 ETF Trust 23.6 9 26 4.8 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 23.6 32 3 4.6 +1.5
SPLG SPDR Portfolio Large Cap ETF 23.6 3 32 4.8 +1.8
IVV iShares Core S&P 500 ETF 23.5 3 32 4.8 +1.8
EFIV SPDR S&P 500 ESG ETF 23.4 10 25 4.7 +1.7
SNPE Xtrackers S&P 500 ESG ETF 23.4 10 25 4.7 +1.7
SPHQ Invesco S&P 500 Quality ETF 23.3 15 20 4.5 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.2 7 28 4.6 +1.6
FLRG Fidelity U.S. Multifactor ETF 23.2 29 6 6.0 +3.0
FLQL Franklin LibertyQ U.S. Equity ETF 23.2 15 20 6.0 +3.0
RECS Columbia Research Enhanced Core ETF 22.9 15 20 5.2 +2.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.9 2 33 4.7 +1.7
SFY SoFi Select 500 ETF 22.8 0 35 4.6 +1.6
IGV iShares Expanded Tech-Software ETF 22.8 46 -11 2.0 -1.0
PBUS Invesco PureBeta MSCI USA ETF 22.8 4 31 4.7 +1.7
FTC First Trust Large Cap Growth AlphaDEX Fund 22.7 61 -26 2.3 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.6 20 15 4.7 +1.6
THNQ ROBO Global Artificial Intelligence ETF 22.6 68 -33 1.3 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 22.6 29 6 4.7 +1.6
VV Vanguard Large-Cap Index Fund 22.5 4 31 4.7 +1.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 22.5 49 -14 4.2 +1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 22.5 12 23 5.0 +2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.5 20 15 4.9 +1.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Nuveen ESG Large-Cap Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 28.7 %
Divided by: Fwd. P/BV 8.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.