IWY vs NULG: Differences, Returns & Fees

IWY and NULG hold 39% of their weight in the same names, and NULG returned +11.5% over the year. Net assets: $15.8bn on Oct 20, 2026 for iShares Russell Top 200 Growth ETF, and $2.7bn on Jul 31, 2026 for Nuveen ESG Large-Cap Growth ETF.

Ask IQ about this page

Ask IQ about IWY and NULG

Answers cite the figures on this page.

IWY costs 0.06 points a year less; their one-year returns differ by 6.8 points; IWY is 5.9 times larger.

IWY vs NULG: Differences, Returns & Fees
IWYNULG
Expense ratio0.20%0.26%
Net assets, as of Jul 31, 2026$15.8bn$2.7bn
Total return, 1 year+4.7%+11.5%
What it tracksRussell Top 200 Growth IndexNuveen ESG USA Large-Cap Growth Index
Holdings in common39%
Top ten holdings, share of the fund60.9%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.

+4.7%
IWY total return, 1 year
+11.5%
NULG total return, 1 year
0.20%
IWY expense ratio
0.26%
NULG expense ratio

Get IWY'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-DA21378B05

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

  1. What each follows. IWY follows Russell Top 200 Growth Index and NULG follows Nuveen ESG USA Large-Cap Growth Index.
  2. Holdings in common. 39% 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 IWY returned +4.7% and NULG +11.5% with distributions reinvested, a gap of 6.8 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, IWY and NULG hold 39% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.

half

39% in common

Positions both hold, largest shared weight first
Holding IWY NULG
NVIDIA 15.02% 14.91%
BROADCOM INC 5.08% 6.36%
ELI LILLY 3.55% 4.10%
ADVANCED MICRO DEVICES 3.10% 3.69%
VISA CLASS A 2.51% 3.17%
LAM RESEARCH 1.25% 2.38%
CATERPILLAR INC 1.21% 2.27%
NETFLIX 1.06% 1.86%
PALO ALTO NETWORKS 1.03% 2.46%
GE VERNOVA 0.90% 1.97%
MARVELL TECHNOLOGY 0.76% 1.05%
SERVICENOW 0.55% 1.27%
Only in IWY
APPLE 8.32%
MICROSOFT 6.34%
ALPHABET CLASS A 6.07%
ALPHABET CLASS C 4.89%
META PLATFORMS CLASS A 4.35%
TESLA INC 3.78%
MICRON TECHNOLOGY 3.54%
MASTERCARD CLASS A 1.83%
Only in NULG
Applied Materials Inc 2.69%
Seagate Technology Holdings PLC 1.96%
Welltower Inc 1.78%
TJX Cos Inc 1.77%
Datadog Inc 1.74%
MercadoLibre Inc 1.67%
Moody's Corp 1.53%
Vertex Pharmaceuticals Inc 1.50%

Check overlap with more funds →

On the same fields

IWY
iShares Russell Top 200 Growth ETF
NULG
Nuveen ESG Large-Cap Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +4.7% +11.5%
Its benchmark over the same days +15.0% (IWV) +15.5% (MLRG)
Gap to its benchmark −10.4 pts vs IWV −4.1 pts vs MLRG
Expense ratio 0.20% 0.26%
Already in the S&P 500 98.8% 93.8%
Holdings 102 69
Net assets, IWY as of Oct 20, 2026 and NULG as of Jul 31, 2026 $15.8bn $2.7bn

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

About IWY

IWY tracks an index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 19, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 60.9%. It sat 5.2% below its high of Oct 6, 2026 on Oct 20, 2026.

Over the year to Oct 20, 2026 it returned +4.7% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.

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, IWY or NULG?
In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and NULG +11.5%.
Which is cheaper, IWY or NULG?
IWY is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWY and NULG overlap with the S&P 500?
By their latest filed holdings, 99% of IWY and 94% of NULG by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

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

Open data

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