NULG vs PWRD: Differences, Returns & Fees
NULG and PWRD hold 12% of their weight in the same names, and NULG returned +11.5% over the year. Net assets on Jul 31, 2026: $2.7bn for Nuveen ESG Large-Cap Growth ETF and $1.5bn for TCW Transform Systems ETF.
NULG costs 0.49 points a year less; their one-year returns differ by 12.7 points; NULG is 1.8 times larger.
| NULG | PWRD | |
|---|---|---|
| Expense ratio | 0.26% | 0.75% |
| Net assets, as of Jul 31, 2026 | $2.7bn | $1.5bn |
| Total return, 1 year | +11.5% | −1.2% |
| What it tracks | Nuveen ESG USA Large-Cap Growth Index | No index, actively managed |
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 44.0% | 52.0% |
| Below its high | 6.1%, high on Aug 13, 2026 | 20.1%, high on Jun 30, 2026 |
Holdings in common uses holdings dated Jul 31, 2026.
NULG and PWRD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. NULG follows Nuveen ESG USA Large-Cap Growth Index and PWRD follows No index, actively managed.
- Holdings in common. 12% of the weight is in the same securities (holdings dated Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 NULG returned +11.5% and PWRD −1.2% with distributions reinvested, a gap of 12.7 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.
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What they hold in common
By the books each fund has filed, NULG and PWRD hold 12% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
12% in common
On the same fields
NULG and PWRD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About PWRD
PWRD is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jul 31, 2026, 57% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 52.0%. It sat 20.1% below its high of Jun 30, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, NULG or PWRD?
- In the year to Oct 20, 2026, with distributions reinvested, NULG returned +11.5% and PWRD −1.2%.
- Which is cheaper, NULG or PWRD?
- NULG is cheaper, by 0.49 percentage points a year. That is about $49 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, NULG against PWRD, data as of Oct 20, 2026. https://etfiq.com/compare/any/nulg-vs-pwrd
ETFIQ. (Oct 20, 2026). NULG against PWRD. Retrieved from https://etfiq.com/compare/any/nulg-vs-pwrd
[NULG against PWRD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/nulg-vs-pwrd)
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