Nuveen ESG Mid-Cap Growth ETF
ALTAR
Score™
2.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
49.0x P/Sales
ratio
4.1x
P/BV
ratio
7.2x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Mid-Cap Growth ETF tracks an index composed of mid-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) $143
Currency USD
Expense ratio 40 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 58
Wgt avg mkt cap (mns) $16,894
Large cap (>$10bn) 87.0%
Mid cap ($2-10bn) 13.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SPLUNK INC 3.4 %
SNAP, INC. CLASS A 3.0 %
TWILIO, INC. CLASS A 2.9 %
BIOMARIN PHARMACEUTICAL INC 2.8 %
ANSYS INC 2.8 %
ALIGN TECHNOLOGY INC 2.6 %
RINGCENTRAL, INC. CLASS A 2.4 %
FORTINET INC 2.4 %
WAYFAIR INC- CLASS A 2.4 %
TRACTOR SUPPLY COMPANY 2.4 %
Total 27.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.4 %
IRELAND 1.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.5% 16.2% -- -- 15.7%

Market Correlations
versus... Beta R-squared
S&P500 1.15 90%
MSCI EAFE 1.12 74%
MSCI Emg. Mkts. 0.75 53%

Technical Indicators
Recent close $39.28
30d moving avg. $38.83
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $18,904

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Nuveen ESG Mid-Cap Growth ETF ETF based on the alternatives' overlap in portfolio holdings with NUMG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NUMG Expense: 40 bp ALTAR Score™: 2.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUMG
Ticker Fund
Name
Overlap1
vs NUMG
(%)
Expense
ratio
(bp)
Savings
vs NUMG
(bp)
ALTAR
Score™
(%)
ALTAR
vs NUMG
(%)
JKH iShares Morningstar Mid-Cap Growth ETF 26.3 30 10 2.3 -0.1
VOT Vanguard Mid-Cap Growth Index Fund 26.2 7 33 3.5 +1.1
IWP iShares Russell Mid-Cap Growth ETF 22.4 24 16 4.2 +1.8
FTC First Trust Large Cap Growth AlphaDEX Fund 20.3 61 -21 2.9 +0.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 18.0 25 15 7.9 +5.5
RPG Invesco S&P 500 Pure Growth ETF 17.0 35 5 4.4 +2.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 16.8 49 -9 2.2 -0.2
VO Vanguard Mid-Cap Index Fund 16.6 4 36 5.5 +3.1
SPGP Invesco S&P 500 GARP ETF 16.6 35 5 7.3 +4.9
PDP Invesco DWA Momentum ETF 16.2 62 -22 2.8 +0.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 16.0 30 10 6.0 +3.6
PSET Principal Price Setters Index ETF 15.5 29 11 4.6 +2.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 15.1 43 -3 4.4 +2.0
QGRO American Century STOXX U.S. Quality Growth ETF 14.8 29 11 3.2 +0.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 14.3 40 0 6.6 +4.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 14.2 4 36 5.8 +3.5
FXL First Trust Technology AlphaDEX Fund 14.1 61 -21 3.2 +0.9
IGV iShares North American Tech-Software ETF 14.0 46 -6 2.5 +0.1
TPLC Timothy Plan US Large Cap Core ETF 13.9 52 -12 5.6 +3.2
PTF Invesco DWA Technology Momentum ETF 13.7 60 -20 1.3 -1.1
JHMM John Hancock Multifactor Mid Cap ETF 13.7 42 -2 5.9 +3.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 13.4 65 -25 3.4 +1.0
DFND Reality Shares DIVCON Dividend Defender ETF 12.9 144 -104 3.4 +1.0
RYT Invesco S&P 500 Equal Weight Technology ETF 12.8 40 0 6.8 +4.4
RBUS Nationwide Risk-Based U.S. Equity ETF 12.6 30 10 5.1 +2.7
JHMT John Hancock Multifactor Technology ETF 12.5 40 0 5.0 +2.6
SCHM Schwab U.S. Mid-Cap ETF 12.4 4 36 6.4 +4.0
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 12.2 99 -59 2.3 -0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.9 66 -26 2.6 +0.2
NULG Nuveen ESG Large-Cap Growth ETF 11.9 35 5 3.6 +1.2
PEXL Pacer US Export Leaders ETF 11.7 60 -20 6.1 +3.7
USMF WisdomTree U.S. Multifactor Fund 11.5 28 12 5.5 +3.1
JKG iShares Morningstar Mid-Cap ETF 11.5 25 15 5.6 +3.2
IWR iShares Russell Midcap ETF 11.5 19 21 5.7 +3.3
FXH First Trust Health Care AlphaDEX Fund 11.3 62 -22 4.5 +2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.2 75 -35 3.8 +1.4
FEX First Trust Large Cap Core AlphaDEX Fund 11.2 60 -20 6.1 +3.7
FDN First Trust Dow Jones Internet Index Fund 11.1 52 -12 2.2 -0.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 11.0 60 -20 6.3 +3.9
XWEB SPDR S&P Internet ETF 10.9 35 5 -0.2 -2.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 10.7 24 16 6.3 +3.9
BOSS Global X Founder-Run Companies ETF 10.6 45 -5 3.8 +1.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 10.5 34 6 4.9 +2.5
STLG iShares Factors US Growth Style ETF 10.5 25 15 3.7 +1.3
LRGF iShares Edge MSCI Multifactor USA ETF 10.4 20 20 7.4 +5.0
IQM Franklin Intelligent Machines ETF 10.3 50 -10 2.0 -0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.1 59 -19 4.2 +1.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.1 35 5 4.4 +2.0
SCIU Global X Scientific Beta US ETF 10.0 19 21 5.8 +3.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 10.0 17 23 6.6 +4.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 10.0 9 31 5.9 +3.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.9 20 20 7.2 +4.8
SIZE iShares Edge MSCI USA Size Factor ETF 9.8 15 25 6.4 +4.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 9.8 17 23 6.5 +4.1
FVL First Trust Value Line 100 Exchange-Traded Fund 9.7 70 -30 5.2 +2.8
WFH Direxion Work From Home ETF 9.7 45 -5 5.4 +3.0
XITK SPDR FactSet Innovative Technology ETF 9.7 45 -5 0.3 -2.1
EUSA iShares MSCI USA Equal Weighted ETF 9.7 15 25 6.3 +4.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 9.6 57 -17 4.9 +2.5
RGI Invesco S&P 500 Equal Weight Industrials ETF 9.6 40 0 5.7 +3.3
ARKW ARK Web x.0 ETF 9.5 76 -36 -0.8 -3.2
PLAT WisdomTree Modern Tech Platforms Fund 9.5 45 -5 1.1 -1.3
KNOW Direxion All Cap Insider Sentiment Shares 9.4 66 -26 5.0 +2.6
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 9.4 59 -19 3.6 +1.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 9.3 15 25 5.0 +2.6
ETHO Etho Climate Leadership U.S. ETF 9.2 47 -7 4.4 +2.0
JHMH John Hancock Multifactor Healthcare ETF 9.0 40 0 6.1 +3.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 9.0 68 -28 0.2 -2.2
SPLV Invesco S&P 500 Low Volatility ETF 8.9 25 15 5.7 +3.3
OGIG O'Shares Global Internet Giants ETF 8.9 48 -8 0.7 -1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 8.9 35 5 6.0 +3.6
ONEO SPDR Russell 1000 Momentum Focus ETF 8.8 20 20 6.6 +4.2
DEF Invesco Defensive Equity ETF 8.7 55 -15 5.1 +2.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 8.6 29 11 8.3 +6.0
IJK iShares S&P Mid-Cap 400 Growth ETF 8.3 24 16 5.0 +2.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 8.3 15 25 5.1 +2.7
XHE SPDR S&P Health Care Equipment ETF 8.2 35 5 1.7 -0.7
DTEC ALPS Disruptive Technologies ETF 8.2 50 -10 3.6 +1.2
CIBR First Trust NASDAQ CEA Cybersecurity ETF 8.1 60 -20 3.3 +0.9
AFMC First Trust Active Factor Mid Cap ETF 8.1 65 -25 6.4 +4.0
FPX First Trust US IPO Index Fund 8.1 58 -18 2.6 +0.2
PRN Invesco DWA Industrials Momentum ETF 8.1 60 -20 5.0 +2.6
ACWF iShares FactorSelect MSCI Global ETF 8.0 35 5 8.0 +5.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 7.9 60 -20 3.7 +1.3
PRNT The 3D Printing ETF 7.8 66 -26 1.2 -1.2
RSP Invesco S&P 500 Equal Weight ETF 7.8 20 20 6.8 +4.4
ARKF ARK Fintech Innovation ETF 7.7 75 -35 0.5 -1.9
PWC Invesco Dynamic Market ETF 7.7 59 -19 4.9 +2.5
ROBO Robo Global Robotics & Automation Index ETF 7.5 95 -55 3.5 +1.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.5 75 -35 2.0 -0.4
VBK Vanguard Small-Cap Growth Index Fund 7.5 7 33 2.5 +0.1
SKYY First Trust Cloud Computing ETF 7.5 60 -20 2.2 -0.2
BFOR Barron's 400 ETF 7.4 65 -25 6.4 +4.0
NUMV Nuveen ESG Mid-Cap Value ETF 7.4 40 0 7.9 +5.5
TUSA First Trust Total US Market AlphaDEX ETF 7.4 70 -30 6.1 +3.7
XSW SPDR S&P Software & Services ETF 7.4 35 5 4.2 +1.8
QSY WisdomTree U.S. LargeCap Value Fund 7.3 38 2 6.9 +4.5
AFLG First Trust Active Factor Large Cap ETF 7.3 55 -15 5.6 +3.2
JHCS John Hancock Multifactor Media & Communications ETF 7.3 40 0 5.5 +3.1
HACK ETFMG Prime Cyber Security ETF 7.2 60 -20 3.0 +0.6

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 Mid-Cap Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.4 %
Divided by: Fwd. P/BV 6.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 2.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.52
 
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.