Data as of Oct 28, 2026.
NULV vs VOOV: Differences, Returns & Fees
Over the year to Oct 28, 2026, NULV returned +23.9% to VOOV's +15.5%; 23% of their weight is in the same names.
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Net assets: $2.2bn on Jul 31, 2026 for Nuveen ESG Large-Cap Value ETF, and $6.6bn on Sep 30, 2026 for Vanguard S&P 500 Value ETF.
Pair scorecard
VOOV costs 0.19 points a year less; their one-year returns differ by 8.4 points.
| Measure | NULV | VOOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.9% | +15.5% |
| Benchmark | ||
| What it tracks | Nuveen ESG USA Large-Cap Value Index | S&P 500 Value Index |
| Cost and size | ||
| Expense ratio | 0.26% | 0.07% |
| Net assets, NULV as of Jul 31, 2026 and VOOV as of Sep 30, 2026 | $2.2bn | $6.6bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 28.6% | 24.8% |
Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026. Method
Risk and return
Dec 23, 2016 to Oct 23, 2026 · 513 weekly returnsEach against its own benchmark: NULV against MLRG, Dec 23, 2016 to Oct 23, 2026; VOOV against IVE, Sep 17, 2010 to Oct 23, 2026.
VOOV returned more: +187.7% to +166.3%. NULV and VOOV swung about the same: 16.8% and 16.8%. NULV and VOOV fell about the same at their worst: −34.1% and −34.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | NULV | VOOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +166.3% | +187.7% | VOOV | Price change plus distributions, reinvested. |
| Annualized | +10.4% | +11.3% | VOOV (slight) | Total return as a yearly rate. |
| Price return | +116.6% | +133.1% | VOOV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.8% | 16.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.0% | 12.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.1% | −34.4% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 69.9% | 99.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 85.5% | 99.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.86 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.81 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.52 | 0.57 | VOOV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.74 | 0.80 | VOOV (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.103 | 0.112 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.31 | 0.33 | VOOV (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | MLRG | IVE | The ETF each fund is measured against. | |
| Alpha | −1.7% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.72 | 0.32 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −6.3% to +2.9% | −0.5% to +0.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.44 | 0.04 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.8% | 1.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 513 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, NULV and VOOV hold 23% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.
half
23% in common
Only in one fund ↓
Side by side
NULV and VOOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
NULV and VOOV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. NULV follows Nuveen ESG USA Large-Cap Value Index and VOOV follows S&P 500 Value Index.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Jul 31, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 NULV returned +23.9% and VOOV +15.5% with distributions reinvested, a gap of 8.4 points.
Data as of Oct 28, 2026.
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NULV
NULV tracks an index. Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.26% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 28.6%.
VOOV
VOOV tracks an index. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the S&P 500 Value Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 438 positions, with the top ten at 24.8%.
Questions people ask
- Which returned more over the last year, NULV or VOOV?
- In the year to Oct 28, 2026, with distributions reinvested, NULV returned +23.9% and VOOV +15.5%.
- Which is cheaper, NULV or VOOV?
- VOOV is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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, NULV against VOOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/nulv-vs-voov
ETFIQ. (Oct 28, 2026). NULV against VOOV. Retrieved from https://etfiq.com/compare/any/nulv-vs-voov
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