EFIV vs NULV: Grades, Fees and Holdings Compared

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

Nuveen ESG Large-Cap Value

NULVBCboe

Overlap

29.5%by weight

Expense ratio

EFIV −0.16pt a year

EFIV0.10%NULV0.26%

Avg volume · 30D

NULV 3.7×the volume

EFIV57.1KNULV213K

5Y return · a year

EFIV +2.9pt

EFIV+12.3%NULV+9.4%

EFIV vs NULV Performance

Oct 29, 2021 – Oct 30, 2026

+78.2%EFIV+57.0%NULV

Expense ratio: EFIV 0.10%, better; NULV 0.26%
Fund size: EFIV $1.06B; NULV $2.6B
1Y total return: EFIV +12.5%; NULV +25.1%, better
Yield (12M): EFIV 1.01%; NULV 1.35%, better
Holdings: EFIV 326; NULV 128
Avg volume (30D): EFIV 57.1K sh; NULV 213K sh, better
NAV per share: EFIV $74.02; NULV $54.47
52W range

ETF.net Grade

Pillar letters and Scores for EFIV, NULV, with each pillar’s weight
Pillar	EFIV	NULV
Cost30% weight	A86Higher	C46
Mission25% weight	A100Higher	A74
Risk15% weight	C53	A84Higher
Tradability15% weight	A84Higher	A78
Holdings10% weight	C43	B60Higher
Durability5% weight	A71	A80Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. EFIV and NULV are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

EFIV ranks 2nd and NULV 16th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 3ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 15BCVLCCalvert US Large-Cap Core Responsible Index ETFScore 67
Rank 16BNULVNuveen ESG Large-Cap ValueScore 66
Rank 17BPTLInspire 500 ETFScore 65

Our read on each fund

ETF.net Research

EFIVAState Street SPDR S&P 500 ESG ETF

NULVBNuveen ESG Large-Cap Value

In short

EFIV A screened S&P 500 that still looks like one. EFIV trims to about 300 names on ESG criteria but holds industry-group weights close to the parent index, for 0.10% a year.

NULV Most ESG funds hand you the whole market with the worst offenders stripped out. NULV picks a lane: large-cap US value stocks that clear an ESG screen, tracking a TIAA index in a portfolio of roughly 100 names.

Stated mandate

EFIV The Fund seeks to track an index of securities selected using environmental, social, and governance sustainability criteria while retaining industry-group weights broadly similar to the S&P 500 Index.

NULV The Fund seeks to track the investment results of the TIAA ESG USA Large-Cap Value Index before fees and expenses.

Why people hold it

EFIV Charges 0.10% a year, well under the 0.25% typical of its values-screened peer group.
Keeps industry-group weights broadly similar to the S&P 500, so the screen changes which names you own more than which sectors.
Tracks its declared index very tightly, one of the cleaner implementations in its cohort.
Straightforward 1940 Act index fund from SPDR, running since 2020, distributing quarterly.

NULV A style-box slice, not a blend. It tracks the TIAA ESG USA Large-Cap Value Index, so the value tilt is the mandate rather than a byproduct of screening the market.
Roughly 100 stocks instead of a screened S&P 500, so the value screen actually shows up in what you own.
Trading since 2016 and now a billion-dollar-plus fund, so there is a real history here, not a launch-week ticker.
Plain vanilla plumbing: a 1940 Act index ETF with no leverage, no derivatives overlay, nothing exotic to monitor. It lands in the upper half of its ESG peer group in our review.

Worth knowing

EFIV About 300 stocks, not 500. The screens remove names, so results can diverge from the headline S&P 500.
Cheaper shelf-mates exist: XVV at 0.08% and ESGV at 0.09% undercut it on fee.
Mid-size asset base and moderate trading volume, which can mean wider spreads than the mega-cap index giants.

NULV At 0.26% a year, it costs more than the broad ESG index trackers at the top of this group, several of which sit under 0.15%. That is the toll for the value screen.
Distributions arrive once or twice a year, not quarterly or monthly.
The ESG screen sets the universe before the value ranking happens, so the holdings can look different from a conventional large-cap value index.

Full EFIV profile⁠

Full NULV profile⁠

EFIV vs NULV Holdings

How EFIV and NULV differ

Overlap by weight

29.5%

Shared holdings make up 71.6% of NULV and 30.3% of EFIV.

Level by level

Holdings86 in both29.5%
Countryby domicile99.5%
Asset classEquity100%

Sector

No Sector split for EFIV.

Country, concentration and asset class

Country by domicile

Country weights in EFIV and NULV, widest gap first
Country	More in EFIVMore in NULV	EFIV	NULV
United States	NULV +0.5 points	99.4%	99.9%
Switzerland	EFIV +0.3 points	0.3%	0.0%
China	EFIV +0.2 points	0.2%	0.0%
Ireland	Same weight	0.1%	0.1%
United Kingdom	EFIV +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

EFIV40.9%
NULV30.8%

Securities held

EFIV324
NULV127

Asset class

EFIV: Equity
NULV: Equity

Holdings

Only in EFIV238
In both86
Only in NULV41

Only in EFIV

238 securities, 69.6% of EFIV by weight

NVIDIA Corp12.79%
Alphabet Inc Class A4.12%
Alphabet Inc Class C3.32%
Eli Lilly & Co2.73%
Micron Technology Inc2.62%
Visa Inc Class A Shares1.73%
Walmart Inc1.34%
Mastercard Inc A1.27%
Intel Corp1.13%
Costco Wholesale Corp1.10%
UnitedHealth Group Inc0.91%
Applied Materials Inc0.83%
Bank of America Corp0.82%
General Electric0.81%
Lam Research Corp0.79%
Palo Alto Networks Inc0.77%
Caterpillar Inc0.74%
Texas Instruments Inc0.70%
Thermo Fisher Scientific Inc0.65%
Netflix Inc0.64%
Wells Fargo & Co0.64%
Amgen Inc0.62%
Ge Vernova Inc0.59%
Linde PLC0.58%
Kla Corp0.54%
Analog Devices Inc0.52%
Qualcomm Inc0.49%
Pepsico Inc0.45%
McDonald’s Corp0.45%
Abbott Laboratories0.45%
Conocophillips0.45%
Nextera Energy Inc0.42%
Welltower Inc0.42%
Seagate Technology Holdings0.39%
Tjx Companies Inc0.39%
Schwab (Charles) Corp0.36%
Dell Technologies C0.35%
Western Digital Corp0.35%
Uber Technologies Inc0.33%
Capital One Financial Corp0.32%
Chubb Ltd0.32%
Bristol Myers Squibb Co0.31%
Medtronic PLC0.31%
Marathon Petroleum Corp0.30%
Starbucks Corp0.30%
Newmont Corp0.29%
Lowe’s Cos Inc0.29%
Cvs Health Corp0.29%
Servicenow Inc0.28%
Booking Holdings Inc0.28%

Only in NULV

41 securities, 28.3% of NULV by weight

Meta Platforms Inc4.24%
Procter & Gamble Co/The1.87%
Travelers Companies, Inc.1.58%
Hewlett-Packard Enterpris1.48%
Honeywell International I1.41%
Verizon Communications1.36%
Pnc Financial Services Gr1.33%
Parker-Hannifin Corp1.24%
3M Co.1.19%
International Business Ma1.19%
Progressive Corp1.01%
Okta Inc0.99%
Steel Dynamics Inc0.91%
Royalty Pharma PLC0.81%
F5 Inc0.54%
Sunbelt Rentals Holdings0.54%
West Pharmaceutical Serv0.54%
Centerpoint Energy Inc0.54%
Comcast Corp New Class A0.49%
Synopsys Inc0.45%
Automatic Data Processing0.44%
Twilio Inc0.44%
Dollar General Corp.0.43%
Kenvue Inc0.43%
Steris PLC0.38%
Verisign Inc.0.37%
Bunge Global SA0.36%
Ferguson Enterprises Inc0.30%
Roblox Corp0.27%
Dupont De Nemours Inc0.23%
Vertex Pharmaceuticals0.20%
Coeur Mining Inc0.16%
Sherwin-Williams Co0.12%
Ast Spacemobile Inc0.11%
Dollar Tree Inc0.09%
Expeditors Intl Wash Inc0.08%
Jacobs Solutions Inc0.06%
Copart Inc0.04%
Lpl Financial Holdings In0.03%
Genuine Parts Co0.02%
Incyte Corp0.02%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in EFIV and NULV, widest gap first
Holding	More in EFIVMore in NULV	EFIV	NULV
Coca Cola Co/TheKO	NULV +1.46 points	0.89%	2.35%
Nxp Semiconductors NVNXPI	NULV +1.43 points	0.17%	1.60%
Pfizer IncPFE	NULV +1.33 points	0.42%	1.75%
Microsoft CorpMSFT	NULV +1.32 points	9.74%	11.06%
Cisco Systems IncCSCO	NULV +1.31 points	1.06%	2.37%
Oneok IncOKE	NULV +1.27 points	0.15%	1.42%
Slb LtdSLB	NULV +1.25 points	0.20%	1.45%
Citigroup IncC	NULV +1.22 points	0.52%	1.74%
Bank of New York Mellon CorpBNY	NULV +1.17 points	0.25%	1.42%
Exelon CorpEXC	NULV +1.15 points	0.12%	1.27%
Morgan StanleyMS	NULV +1.13 points	0.56%	1.69%
Gilead Sciences IncGILD	NULV +1.07 points	0.51%	1.58%
Cardinal Health IncCAH	NULV +1.06 points	0.14%	1.20%
Equinix IncEQIX	NULV +1.04 points	0.26%	1.30%
Netapp IncNTAP	NULV +1.03 points	0.11%	1.14%
Archer Daniels Midland CoADM	NULV +1.00 points	0.09%	1.09%
Baker Hughes CoBKR	NULV +1.00 points	0.13%	1.13%
Cboe Global Markets IncCBOE	NULV +0.95 points	0.08%	1.03%
Ecolab IncECL	NULV +0.93 points	0.19%	1.12%
Deere & CoDE	NULV +0.91 points	0.41%	1.32%
Union Pacific CorpUNP	NULV +0.91 points	0.44%	1.35%
Eaton Corp PLCETN	NULV +0.90 points	0.38%	1.28%
AbbVie IncABBV	NULV +0.87 points	1.27%	2.14%
S+p Global IncSPGI	NULV +0.84 points	0.35%	1.19%
Accenture PLC Class AACN	NULV +0.79 points	0.37%	1.16%
Goldman Sachs Group IncGS	NULV +0.77 points	0.67%	1.44%
Prologis IncPLD	NULV +0.75 points	0.30%	1.05%
Target CorpTGT	NULV +0.73 points	0.17%	0.90%
Ppg Industries IncPPG	NULV +0.71 points	0.07%	0.78%
Edwards Lifesciences CorpEW	NULV +0.67 points	0.13%	0.80%
Eversource EnergyES	NULV +0.65 points	0.06%	0.71%
Marsh & Mclennan CosMRSH	NULV +0.63 points	0.23%	0.86%
SempraSRE	NULV +0.60 points	0.14%	0.74%
Intercontinental Exchange InICE	NULV +0.55 points	0.23%	0.78%
Centene CorpCNC	NULV +0.55 points	0.08%	0.63%
The Cigna GroupCI	NULV +0.52 points	0.20%	0.72%
State Street CorpSTT	NULV +0.51 points	0.12%	0.63%
Danaher CorpDHR	NULV +0.50 points	0.37%	0.87%
Keurig Dr Pepper IncKDP	NULV +0.45 points	0.12%	0.57%
Johnson Controls InternationJCI	NULV +0.45 points	0.24%	0.69%
Salesforce IncCRM	NULV +0.43 points	0.47%	0.90%
Keysight Technologies InKEYS	NULV +0.40 points	0.14%	0.54%
C.h. Robinson Worldwide IncCHRW	NULV +0.36 points	0.04%	0.40%
Merck & Co. Inc.MRK	NULV +0.35 points	0.90%	1.25%
At+t IncT	NULV +0.34 points	0.36%	0.70%
Quest Diagnostics IncDGX	NULV +0.34 points	0.07%	0.41%
Stryker CorpSYK	NULV +0.31 points	0.27%	0.58%
Digital Realty Trust IncDLR	NULV +0.31 points	0.16%	0.47%
United Rentals IncURI	NULV +0.31 points	0.18%	0.49%
BlackRock IncBLK	EFIV +0.28 points	0.42%	0.14%
American Express CoAXP	NULV +0.22 points	0.42%	0.64%
Us BancorpUSB	NULV +0.22 points	0.23%	0.45%
News Corp Class ANWSA	NULV +0.21 points	0.03%	0.24%
First Solar IncFSLR	NULV +0.21 points	0.05%	0.26%
Fidelity National Info ServFIS	NULV +0.18 points	0.05%	0.23%
Humana IncHUM	NULV +0.18 points	0.12%	0.30%
Allstate CorpALL	NULV +0.16 points	0.16%	0.32%
Walt Disney Co/TheDIS	EFIV +0.15 points	0.48%	0.33%
Fiserv IncFISV	NULV +0.14 points	0.06%	0.20%
Apollo Global Management IncAPO	NULV +0.13 points	0.14%	0.27%
Kraft Heinz Co/TheKHC	NULV +0.13 points	0.05%	0.18%
Elevance Health IncELV	NULV +0.11 points	0.23%	0.34%
PayPal Holdings IncPYPL	EFIV +0.11 points	0.12%	0.01%
Csx CorpCSX	NULV +0.10 points	0.24%	0.34%
T Mobile Us IncTMUS	EFIV +0.10 points	0.18%	0.08%
Agilent Technologies IncA	NULV +0.08 points	0.13%	0.21%
American Tower CorpAMT	NULV +0.08 points	0.21%	0.29%
T Rowe Price Group IncTROW	NULV +0.07 points	0.06%	0.13%
Smurfit Westrock PLCSW	NULV +0.06 points	0.06%	0.12%
Fifth Third BancorpFITB	NULV +0.06 points	0.12%	0.18%
Hershey Co/TheHSY	NULV +0.06 points	0.06%	0.12%
Zoetis IncZTS	EFIV +0.06 points	0.08%	0.02%
Ares Management Corp AARES	EFIV +0.05 points	0.07%	0.02%
Regions Financial CorpRF	EFIV +0.05 points	0.06%	<0.01%
Ww Grainger IncGWW	NULV +0.04 points	0.15%	0.19%
Fastenal CoFAST	NULV +0.04 points	0.15%	0.19%
Ball CorpBALL	NULV +0.04 points	0.04%	0.08%
Xylem IncXYL	NULV +0.03 points	0.05%	0.08%
Intuit IncINTU	EFIV +0.03 points	0.23%	0.20%
Biogen IncBIIB	NULV +0.02 points	0.09%	0.11%
Home Depot IncHD	EFIV +0.01 points	0.81%	0.80%
Cbre Group Inc ACBRE	NULV +0.01 points	0.09%	0.10%
Willis Towers Watson PLCWTW	EFIV +0.01 points	0.07%	0.06%
M & T Bank CorpMTB	NULV +0.01 points	0.08%	0.09%
Sysco CorpSYY	Same weight	0.10%	0.10%
Yum Brands IncYUM	NULV +0.01 points	0.10%	0.11%

All 324 EFIV holdings⁠All 128 NULV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFIV vs NULV Cost

Overpaying NULV vs EFIV

$3,252

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EFIV 0.10%
$2,106
NULV 0.26%
$5,358

Amount$10,000

Years30 years

Cost over time

EFIV 0.10%
NULV 0.26%
Overpaying

Year by year

Year	EFIV	NULV	Overpaying
10	$183	$473	$290
20	$717	$1,838	$1,121
30	$2,106	$5,358	$3,252

Expense ratio

0.10%EFIV, cheaper
0.26%NULV

EFIV0.10%NULV0.26%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

EFIV 7th cheapest of 47 funds

NULV 25th cheapest of 47 funds

EFIV vs NULV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFIV 1.01%; NULV 1.35%, better
Payout (12M): EFIV $0.74; NULV $0.74
Last payment: EFIV $0.20; NULV $0.74
Ex-dividend: EFIV Sep 21, 2026; NULV Dec 18, 2025
Paid on: EFIV Sep 23, 2026; NULV Dec 19, 2025
Frequency: EFIV Quarterly; NULV Annual

Distribution history

Per share, 2017 to 2026, same scale for both

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

NULVAnnual · 9 paymentsAll NULV payments⁠

EFIV vs NULV Risk

Fall from peak · 5 years

EFIV
NULV

Risk facts

VolatilityStd dev, 3 years: EFIV 12.3%, betterNULV 12.5%
Return per unit of riskSharpe ratio, 3 years: EFIV 1.39, betterNULV 1.25
Worst fallMax drawdown, 5 years: EFIV −24.5%NULV −21.5%, better
Market sensitivityBeta, 5 years: EFIV 1.01NULV 0.82; Market = 1

EFIV and NULV in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026EFIV

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EFIV vs NULV

In short

Stated mandate

Why people hold it

Worth knowing

How EFIV and NULV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in NULV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday

How EFIV and NULV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in NULV

Weight gaps