Data as of Oct 28, 2026.

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NUSC vs SLYG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, NUSC returned +12.2% to SLYG's +15.6%; 17% of their weight is in the same names.

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Net assets: $1.3bn on Jul 31, 2026 for Nuveen ESG Small-Cap ETF, and $4.7bn on Oct 27, 2026 for State Street SPDR S & P 600 Small Cap Growth ETF.

At a glance
+12.2%
NUSC total return, 1 year
+15.6%
SLYG total return, 1 year
0.31%
NUSC expense ratio
0.15%
SLYG expense ratio

Pair scorecard

SLYG costs 0.16 points a year less; their one-year returns differ by 3.4 points.

NUSC vs SLYG: Differences, Returns & Fees
MeasureNUSCSLYG
Return
Total return, 1 year+12.2%+15.6%
Drawdown
Below its high5.7%, high on Aug 14, 20268.2%, high on Aug 4, 2026
Benchmark
What it tracksNuveen ESG USA Small-Cap IndexS&P SmallCap 600 Growth Index
Cost and size
Expense ratio0.31%0.15%
Net assets, NUSC as of Jul 31, 2026 and SLYG as of Oct 27, 2026$1.3bn$4.7bn
Holdings
Holdings in common17%
Top ten holdings, share of the fund10.2%9.7%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Dec 23, 2016 to Oct 23, 2026 · 513 weekly returns
NUSC SLYG
Return
Total return edge NUSC (slight) +139.1% +135.2%
Annualized edge Tie +9.2% +9.1%
Price return edge SLYG (slight) +100.1% +105.2%
Risk
Volatility edge NUSC (slight) 21.6% 22.2%
Max drawdown edge Tie −40.5% −41.3%
Downside capture 103.0% 101.5%
Beta 1.07 1.01
Risk-adjusted
Sharpe edge NUSC (slight) 0.40 0.39
Sortino edge NUSC (slight) 0.57 0.56
Treynor 0.081 0.082
Calmar edge NUSC (slight) 0.23 0.22
Against the benchmark
Alpha −4.5% a year −1.3% a year
Alpha t-stat −1.33 −1.04
Information ratio −0.34 −0.19
Tracking error 10.5% 6.6%

Each against its own benchmark: NUSC against MLRG, Dec 23, 2016 to Oct 23, 2026; SLYG against IJT, Oct 13, 2000 to Oct 23, 2026.

Reading

NUSC returned slightly more: +139.1% to +135.2%. NUSC swung slightly less: 21.6% to 22.2%. NUSC and SLYG fell about the same at their worst: −40.5% and −41.3%.

Full scorecard

19 measures, with how each is measured
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Risk and return: NUSC vs SLYG: Differences, Returns & Fees
MeasureNUSCSLYGEdgeHow it is measured
Return
Total return+139.1%+135.2%NUSC (slight)Price change plus distributions, reinvested.
Annualized+9.2%+9.1%TieTotal return as a yearly rate.
Price return+100.1%+105.2%SLYG (slight)Price change alone, distributions left out.
Risk
Volatility21.6%22.2%NUSC (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation15.1%15.4%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.5%−41.3%TieDeepest fall from a high to the low after it.
Upside capture93.6%99.9%Share of its benchmark's rise caught in the weeks it rose.
Downside capture103.0%101.5%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.071.01Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.770.92Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.400.39NUSC (slight)Return above Treasury bills per unit of volatility.
Sortino0.570.56NUSC (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.0810.082Return above Treasury bills per unit of beta.
Calmar0.230.22NUSC (slight)Annualized return divided by the max drawdown.
Against the benchmark
BenchmarkMLRGIJTThe ETF each fund is measured against.
Alpha−4.5% a year−1.3% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−1.33−1.04Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−11.0% to +2.1%−3.9% to +1.2%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.34−0.19Return against its benchmark per unit of tracking error.
Tracking error10.5%6.6%Not an edgeHow 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

17%

By the books each fund has filed, NUSC and SLYG hold 17% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

17% in common

Positions both hold · largest shared weight first NUSC SLYG
ESCO Technologies Inc 0.61% 0.75%
Ryman Hospitality Properties Inc 0.60% 1.10%
Alkermes PLC 0.58% 0.91%
Glaukos Corp 0.47% 0.90%
Powell Industries Inc 0.46% 0.57%
Mercury Systems Inc 0.39% 0.54%
VSE Corp 0.39% 0.51%
Balchem Corp 0.40% 0.39%
Frontdoor Inc 0.38% 0.71%
MarketAxess Holdings Inc 0.43% 0.38%
Outfront Media Inc 0.35% 0.46%
Sensient Technologies Corp 0.34% 0.69%
Only in one fund ↓
Only in NUSC
ATI Inc 1.26%
TD SYNNEX Corp 1.08%
Host Hotels & Resorts Inc 1.07%
Viatris Inc 1.07%
nVent Electric PLC 1.06%
East West Bancorp Inc 1.04%
RenaissanceRe Holdings Ltd 0.96%
AGNC Investment Corp 0.90%
Only in SLYG
VIASAT INC 1.18%
PROTAGONIST THERAPEUTICS INC 1.11%
TG THERAPEUTICS INC 0.98%
ETSY INC 0.91%
ZURN ELKAY WATER SOLUTIONS C 0.89%
FEDERAL SIGNAL CORP 0.86%
ARMSTRONG WORLD INDUSTRIES 0.80%
LYFT INC A 0.78%
Check overlap with more funds →

Side by side

NUSC Nuveen ESG Small-Cap ETF SLYG State Street SPDR S & P 600 Small Cap Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +12.2% +15.6%
Its benchmark over the same days +13.6% (MLRG) +15.4% (IJT)
Gap to its benchmark −1.4 pts vs MLRG +0.2 pts vs IJT
Expense ratio 0.31% 0.15%
Already in the S&P 500 6.1% 0.0%
Holdings 405 350
Net assets, NUSC as of Jul 31, 2026 and SLYG as of Oct 27, 2026 $1.3bn $4.7bn

NUSC and SLYG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-358E4CA295

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

  1. What each follows. NUSC follows Nuveen ESG USA Small-Cap Index and SLYG follows S&P SmallCap 600 Growth Index.
  2. Holdings in common. 17% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 NUSC returned +12.2% and SLYG +15.6% with distributions reinvested, a gap of 3.4 points.

Data as of Oct 28, 2026.

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About each fund
NUSC

NUSC tracks an index. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.31% a year. By its holdings filed for Jul 31, 2026, 6% of the fund by weight is stocks the S&P 500 also holds, across 405 positions, with the top ten at 10.2%. It sat 5.7% below its high of Aug 14, 2026 on Oct 28, 2026.

SLYG

SLYG tracks an index. Over the year to Oct 28, 2026 it returned +15.6% with distributions reinvested, against +15.4% for its benchmark, the S&P SmallCap 600 Growth Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 350 positions, with the top ten at 9.7%. It sat 8.2% below its high of Aug 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, NUSC or SLYG?
In the year to Oct 28, 2026, with distributions reinvested, NUSC returned +12.2% and SLYG +15.6%.
Which is cheaper, NUSC or SLYG?
SLYG is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do NUSC and SLYG overlap with the S&P 500?
By their latest filed holdings, 6% of NUSC and 0% of SLYG by weight is stocks the S&P 500 already holds.
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ETFIQ, NUSC against SLYG, data as of Oct 28, 2026. https://etfiq.com/compare/any/nusc-vs-slyg

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