IWF vs NULG: Differences, Returns & Fees

IWF and NULG hold 37% of their weight in the same names, and NULG returned +11.5% over the year. Net assets: $125.0bn on Oct 20, 2026 for iShares Russell 1000 Growth ETF, and $2.7bn on Jul 31, 2026 for Nuveen ESG Large-Cap Growth ETF.

Ask IQ about this page

Ask IQ about IWF and NULG

Answers cite the figures on this page.

IWF costs 0.08 points a year less; their one-year returns differ by 7.5 points; IWF is far larger, $121.2bn against $2.7bn.

IWF vs NULG: Differences, Returns & Fees
IWFNULG
Expense ratio0.18%0.26%
Net assets, as of Jul 31, 2026$121.2bn$2.7bn
Total return, 1 year+4.0%+11.5%
What it tracksRussell 1000 Growth IndexNuveen ESG USA Large-Cap Growth Index
Holdings in common37%
Top ten holdings, share of the fund57.8%44.0%
Below its high5.2%, high on Oct 6, 20266.1%, high on Aug 13, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.

+4.0%
IWF total return, 1 year
+11.5%
NULG total return, 1 year
0.18%
IWF expense ratio
0.26%
NULG expense ratio

Get IWF's fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-94D4C26D1C

IWF and NULG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. IWF follows Russell 1000 Growth Index and NULG follows Nuveen ESG USA Large-Cap Growth Index.
  2. Holdings in common. 37% of the weight is in the same securities (holdings dated Oct 19, 2026 and Jul 31, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 IWF returned +4.0% and NULG +11.5% with distributions reinvested, a gap of 7.5 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

What they hold in common

By the books each fund has filed, IWF and NULG hold 37% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.

half

37% in common

Positions both hold, largest shared weight first
Holding IWF NULG
NVIDIA 15.20% 14.91%
BROADCOM INC 4.67% 6.36%
ELI LILLY 2.97% 4.10%
ADVANCED MICRO DEVICES 2.63% 3.69%
VISA CLASS A 2.05% 3.17%
LAM RESEARCH 1.02% 2.38%
CATERPILLAR INC 0.99% 2.27%
NETFLIX 0.87% 1.86%
PALO ALTO NETWORKS 0.84% 2.46%
GE VERNOVA 0.73% 1.97%
MARVELL TECHNOLOGY 0.62% 1.05%
SERVICENOW 0.45% 1.27%
Only in IWF
APPLE 8.06%
ALPHABET CLASS A 6.02%
MICROSOFT 5.95%
ALPHABET CLASS C 4.86%
META PLATFORMS CLASS A 3.81%
TESLA INC 3.23%
MICRON TECHNOLOGY 3.06%
MASTERCARD CLASS A 1.49%
Only in NULG
Applied Materials Inc 2.69%
Seagate Technology Holdings PLC 1.96%
Welltower Inc 1.78%
TJX Cos Inc 1.77%
MercadoLibre Inc 1.67%
Moody's Corp 1.53%
Vertex Pharmaceuticals Inc 1.50%
Ecolab Inc 1.05%

Check overlap with more funds →

On the same fields

IWF
iShares Russell 1000 Growth ETF
NULG
Nuveen ESG Large-Cap Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 1000 growth Tracks an index
Total return, 1 year +4.0% +11.5%
Its benchmark over the same days +4.1% (VONG) +15.5% (MLRG)
Gap to its benchmark −0.2 pts vs VONG −4.1 pts vs MLRG
Expense ratio 0.18% 0.26%
Already in the S&P 500 93.5% 93.8%
Holdings 373 69
Net assets, IWF as of Oct 20, 2026 and NULG as of Jul 31, 2026 $125.0bn $2.7bn

IWF and NULG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About IWF

IWF tracks the Russell 1000 growth. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.1% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 19, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 373 positions, with the top ten at 57.8%. It sat 5.2% below its high of Oct 6, 2026 on Oct 20, 2026.

About NULG

NULG tracks an index. Over the year to Oct 20, 2026 it returned +11.5% with distributions reinvested, against +15.5% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.26% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 44.0%. It sat 6.1% below its high of Aug 13, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, IWF or NULG?
In the year to Oct 20, 2026, with distributions reinvested, IWF returned +4.0% and NULG +11.5%.
Which is cheaper, IWF or NULG?
IWF is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWF and NULG overlap with the S&P 500?
By their latest filed holdings, 94% of IWF and 94% of NULG by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

ETFIQ, IWF against NULG, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwf-vs-nulg

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.