NUMG
Nuveen ESG Mid-Cap Growth ETF
The NuShares ESG Mid-Cap Growth ETF tracks an index composed of mid-cap U.S. companies with growth characteristics that also meet certain environmental, social, and governance criteria.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
432.7 M
ASSETS UNDER MGMT
31 bp
EXPENSES
Fund Basics
| Fund sponsor | Nuveen |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 13, 2016 |
| Assets (mns) | $433 |
| Expense ratio | 31 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| QUANTA SERVICES INC | 5.3 % |
| AXON ENTERPRISE INC | 4.8 % |
| CARVANA CO. CLASS A | 4.5 % |
| VEEVA SYSTEMS INC-CLASS A | 4.3 % |
| WW GRAINGER INC | 4.0 % |
| ZSCALER, INC. | 3.5 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 3.4 % |
| PTC INC. | 3.4 % |
| INSULET CORP | 3.3 % |
| TARGA RESOURCES CORP | 3.2 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 317 |
| Wgt avg mkt cap (mns) | $31,603 |
| Large cap (>$10bn) | 93.3% |
| Mid cap ($2-10bn) | 4.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 106.0 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.6% | 8.4% | 18.8% | 12.2% | 2.6% | -- | -- | 7.8% |
| Dividend Yield | 0.0% | 0.0% | 0.1% | 0.1% | 3.4% | -- | -- | 2.8% |
| Total Returns | 2.6% | 8.4% | 18.9% | 12.3% | 6.0% | -- | -- | 10.5% | Ann. Volatility | 24.4% | 23.9% | 20.7% | 20.6% | 23.1% | -- | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 77% |
| MSCI EAFE | 0.72 | 30% |
| MSCI Emg Mkts | 0.60 | 24% |
Liquidity Measures
| Avg. volume (000) | 17 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $48.61 |
| 30d moving avg. | $48.62 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 50 |
| Short interest | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IWP | iShares Russell Mid-Cap Growth ETF | 18.1% | -8 bp | +3.2% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 17.5% | -5 bp | +3.2% |
| VOT | Vanguard Mid-Cap Growth ETF | 17.0% | -24 bp | +3.3% |
| MID | American Century Mid Cap Growth Impact ETF | 16.9% | +14 bp | +3.3% |
| TMFM | Motley Fool Mid-Cap Growth ETF | 14.0% | +54 bp | +3.0% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 14.0% | -25 bp | +4.1% |
| TMFX | Motley Fool Next Index ETF | 13.7% | +19 bp | +3.2% |
| WCLD | WisdomTree Cloud Computing Fund | 13.6% | +14 bp | +1.6% |
| FCLD | Fidelity Cloud Computing ETF | 13.0% | +8 bp | +3.2% |
| RPG | Invesco S&P 500 Pure Growth ETF | 12.5% | +4 bp | +3.2% |
Risk and Returns: NUMG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
NUMG
2.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. NUMG's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places NUMG in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NUMGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| NUMG (31 bp) Percentile rank | 32 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NUMG | 31.0 | 17.3 | 48.3 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .