Nuveen ESG Mid-Cap Growth ETF
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
2.6x
P/BV
ratio
4.5x Div.
yield
0.7%


  • 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) $72
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 71
Wgt avg mkt cap (mns) $13,390
Large cap (>$10bn) 72.9%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DEXCOM INC 2.9 %
RESMED INC 2.8 %
VERISK ANALYTICS INC-CLASS A 2.7 %
MARKETAXESS HOLDINGS INC 2.6 %
DOMINO'S PIZZA INC 2.6 %
MCCORMICK & CO-NON VTG SHRS 2.6 %
TAKE-TWO INTERACTIVE SOFTWRE 2.5 %
IDEXX LABORATORIES INC 2.3 %
FORTINET INC 2.3 %
METTLER-TOLEDO INTERNATIONAL 2.2 %
Total 25.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 2.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.0% -6.3% -- -- 7.1%

Market Correlations
versus... Beta R-squared
S&P500 1.09 91%
MSCI EAFE 0.97 71%
MSCI Emg. Mkts. 0.69 51%

Technical Indicators
Recent close $28.25
30d moving avg. $30.60
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 52
Turnover 2.0%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $13,139

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™: 4.6%


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 31.1 30 10 3.6 -1.0
VOT Vanguard Mid-Cap Growth Index Fund 30.5 7 33 5.0 +0.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 24.7 25 15 10.3 +5.7
IWP iShares Russell Mid-Cap Growth ETF 22.5 24 16 6.1 +1.5
FTC First Trust Large Cap Growth AlphaDEX Fund 20.6 61 -21 4.5 -0.1
VO Vanguard Mid-Cap Index Fund 19.8 4 36 7.7 +3.2
PSET Principal Price Setters Index ETF 19.2 29 11 7.0 +2.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 19.0 65 -25 4.5 -0.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 18.1 30 10 8.7 +4.1
LEAD Reality Shares DIVCON Leaders Dividend ETF 18.0 43 -3 5.7 +1.1
GARD Reality Shares DIVCON Dividend Guard ETF 17.9 129 -89 4.8 +0.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 17.4 49 -9 5.1 +0.5
NULG Nuveen ESG Large-Cap Growth ETF 16.6 35 5 4.8 +0.3
PDP Invesco DWA Momentum ETF 15.9 62 -22 3.8 -0.8
RPG Invesco S&P 500 Pure Growth ETF 15.8 35 5 6.6 +2.0
JHMM John Hancock Multifactor Mid Cap ETF 15.6 44 -4 8.4 +3.9
RYT Invesco S&P 500 Equal Weight Technology ETF 15.0 40 0 8.4 +3.8
QGRO American Century STOXX U.S. Quality Growth ETF 14.2 29 11 4.6 +0.0
TPLC Timothy Plan US Large Cap Core ETF 14.2 52 -12 7.5 +2.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 13.3 70 -30 6.7 +2.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 13.3 29 11 10.7 +6.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 13.2 40 0 8.0 +3.4
PEXL Pacer US Export Leaders ETF 13.2 60 -20 9.2 +4.6
IWR iShares Russell Midcap ETF 13.1 19 21 8.1 +3.6
DFND Reality Shares DIVCON Dividend Defender ETF 12.6 121 -81 4.9 +0.3
ETHO Etho Climate Leadership U.S. ETF 12.5 47 -7 6.8 +2.3
SIZE iShares Edge MSCI USA Size Factor ETF 12.5 15 25 8.4 +3.8
FEX First Trust Large Cap Core AlphaDEX Fund 12.3 60 -20 8.2 +3.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 12.3 20 20 9.7 +5.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 12.2 24 16 8.5 +4.0
BOSS Global X Founder-Run Companies ETF 12.0 45 -5 4.9 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 11.9 15 25 8.6 +4.0
FVL First Trust Value Line 100 Exchange-Traded Fund 11.8 70 -30 5.6 +1.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 11.8 34 6 6.8 +2.3
PMOM Principal Sustainable Momentum Index ETF 11.8 29 11 7.1 +2.5
LRGF iShares Edge MSCI Multifactor USA ETF 11.7 20 20 9.2 +4.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.7 66 -26 4.3 -0.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.6 75 -35 4.1 -0.5
IGV iShares North American Tech-Software ETF 11.4 46 -6 3.6 -1.0
TTAC TrimTabs Float Shrink ETF 11.3 59 -19 5.3 +0.7
SCHM Schwab U.S. Mid-Cap ETF 11.2 4 36 9.2 +4.6
SFYX Sofi Next 500 ETF 11.2 0 40 8.3 +3.8
JHMT John Hancock Multifactor Technology ETF 11.2 40 0 6.9 +2.3
FXH First Trust Health Care AlphaDEX Fund 11.1 62 -22 6.6 +2.1
IHI iShares U.S. Medical Devices ETF 11.0 43 -3 4.5 -0.1
VSDA VictoryShares Dividend Accelerator ETF 10.9 35 5 5.9 +1.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.9 35 5 5.9 +1.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.9 60 -20 5.7 +1.1
XHE SPDR S&P Health Care Equipment ETF 10.8 35 5 2.7 -1.9
JKG iShares Morningstar Mid-Cap ETF 10.7 25 15 8.3 +3.8
IQM Franklin Intelligent Machines ETF 10.7 50 -10 3.5 -1.1
FXL First Trust Technology AlphaDEX Fund 10.6 61 -21 5.6 +1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 10.4 60 -20 9.2 +4.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 10.3 9 31 8.5 +3.9
CFA Victory CEMP US 500 Volatility Weighted Index ETF 10.2 35 5 8.2 +3.6
RGI Invesco S&P 500 Equal Weight Industrials ETF 10.2 40 0 8.4 +3.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 10.1 15 25 6.9 +2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 10.1 15 25 6.9 +2.3
IJK iShares S&P Mid-Cap 400 Growth ETF 10.1 24 16 6.8 +2.2
ONEO SPDR Russell 1000 Momentum Focus ETF 10.0 20 20 9.6 +5.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 10.0 17 23 9.4 +4.9
SPGP Invesco S&P 500 GARP ETF 10.0 35 5 10.9 +6.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 9.9 17 23 9.2 +4.6
RSP Invesco S&P 500 Equal Weight ETF 9.6 20 20 8.9 +4.3
PRN Invesco DWA Industrials Momentum ETF 9.5 60 -20 6.4 +1.9
PTF Invesco DWA Technology Momentum ETF 9.4 60 -20 2.2 -2.4
JMOM JPMorgan U.S. Momentum Factor ETF 9.1 12 28 5.3 +0.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 9.0 60 -20 5.2 +0.6
ACWF iShares FactorSelect MSCI Global ETF 8.9 35 5 10.2 +5.6
KNOW Direxion All Cap Insider Sentiment Shares 8.8 59 -19 7.3 +2.7
SUSA iShares MSCI USA ESG Select ETF 8.8 25 15 6.3 +1.7
JHMH John Hancock Multifactor Healthcare ETF 8.7 40 0 7.3 +2.7
RBUS Nationwide Risk-Based U.S. Equity ETF 8.5 30 10 7.3 +2.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 8.5 75 -35 5.0 +0.4
XITK SPDR FactSet Innovative Technology ETF 8.5 45 -5 0.9 -3.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 8.5 25 15 7.8 +3.2
FDMO Fidelity Momentum Factor ETF 8.5 29 11 5.6 +1.0
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 8.4 63 -23 9.8 +5.2
DSTL Distillate US Fundamental Stability & Value ETF 8.3 39 1 7.8 +3.3
PSJ Invesco Dynamic Software ETF 8.2 58 -18 4.0 -0.6
USMF WisdomTree U.S. Multifactor Fund 8.2 28 12 8.3 +3.7
OGIG O'Shares Global Internet Giants ETF 8.2 48 -8 1.0 -3.5
JHMC John Hancock Multifactor Consumer Discretionary ETF 8.2 40 0 8.2 +3.6
AFLG First Trust Active Factor Large Cap ETF 8.1 55 -15 7.8 +3.2
DTEC ALPS Disruptive Technologies ETF 8.0 50 -10 5.3 +0.7
SPHB Invesco S&P 500 High Beta ETF 8.0 25 15 11.6 +7.0
ENTR Entrepreneur 30 Fund 7.9 49 -9 3.5 -1.1
SMMD iShares Russell 2500 ETF 7.8 15 25 8.2 +3.6
KLCD KFA Large Cap Quality Dividend Index ETF 7.8 41 -1 6.8 +2.2
BFOR Barron's 400 ETF 7.8 66 -26 9.2 +4.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 7.8 29 11 9.4 +4.8
SCIU Global X Scientific Beta US ETF 7.6 19 21 7.8 +3.2
XSW SPDR S&P Software & Services ETF 7.6 35 5 5.2 +0.6
RNLC Large Cap US Equity Select ETF 7.6 60 -20 8.2 +3.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 7.6 60 -20 4.5 -0.1
LGLV SPDR Russell 1000 Low Volatility ETF 7.5 12 28 7.1 +2.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.5 49 -9 7.7 +3.1
PWB Invesco Dynamic Large Cap Growth ETF 7.3 55 -15 4.6 +0.0
TUSA First Trust Total US Market AlphaDEX ETF 7.2 70 -30 9.5 +4.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 7.2 57 -17 6.4 +1.9

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:

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 21.4 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.51
 
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.