ESGU vs NUMV: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI USA ETF

ESGUANasdaq

Nuveen ESG Mid-Cap Value

NUMVCCboe

Overlap

9.2%by weight

Expense ratio

ESGU −0.16pt a year

ESGU0.15%NUMV0.31%

Avg volume · 30D

ESGU 16.0×the volume

ESGU409KNUMV25.6K

5Y return · a year

ESGU +3.7pt

ESGU+10.4%NUMV+6.7%

ESGU vs NUMV Performance

Nov 9, 2021 – Nov 9, 2026

+63.8%ESGU+38.2%NUMV

Expense ratio: ESGU 0.15%, better; NUMV 0.31%
Fund size: ESGU $17.3B; NUMV $426M
1Y total return: ESGU +13.1%; NUMV +19.8%, better
Yield (12M): ESGU 0.94%; NUMV 1.31%, better
Holdings: ESGU 271; NUMV 88
Avg volume (30D): ESGU 409K sh, better; NUMV 25.6K sh
NAV per share: ESGU $160.68; NUMV $44.80
52W range

ETF.net Grade

Pillar letters and Scores for ESGU, NUMV, with each pillar’s weight
Pillar	ESGU	NUMV
Cost30% weight	B68Higher	D33
Mission25% weight	A98Higher	A71
Risk15% weight	C53	B67Higher
Tradability15% weight	A92Higher	C45
Holdings10% weight	B59	A71Higher
Durability5% weight	A94Higher	B67

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. ESGU and NUMV 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 ›

ESGU ranks 4th and NUMV 31st of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 80
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 78
Rank 2ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 4AESGUiShares ESG Aware MSCI USA ETFScore 77
Rank 5AXVViShares ESG Select Screened S&P 500 ETFScore 75
Rank 29BNUSCNuveen ESG Small-Cap ETFScore 55
Rank 31CNUMVNuveen ESG Mid-Cap ValueScore 54
Rank 32CETHOAmplify Etho Climate Leadership U.S. ETFScore 52

Our read on each fund

ETF.net Research

ESGUAiShares ESG Aware MSCI USA ETF

NUMVCNuveen ESG Mid-Cap Value

In short

ESGU Screening out companies is easy; keeping the market's shape while you do it is the hard part. ESGU's index optimizes toward stronger ESG characteristics while targeting risk and return similar to the broad MSCI USA Index.

NUMV Most ESG funds are the S&P 500 with the worst offenders stripped out. NUMV works a narrower lane: US mid-cap value stocks, screened for ESG, controversial business involvement and carbon, in an index it has tracked since 2016.

Stated mandate

ESGU Seeks to track an index of large- and mid-cap U.S. companies selected for favorable environmental, social and governance (ESG) characteristics while seeking risk/return similar to the MSCI USA Index.

NUMV The Fund seeks to track the performance of a U.S. mid-cap value index before fees and expenses. The index applies ESG criteria to its eligible equity securities.

Why people hold it

ESGU Not a screen-and-drop portfolio: the index optimizes toward better ESG characteristics while targeting risk and return similar to the broad MSCI USA Index.ishares.com
0.15% a year, below the typical fund in its US ESG group, spread across roughly 300 large- and mid-cap names rather than a narrow shortlist.
Running since 2016, a multi-billion-dollar iShares fund that pays quarterly and sits in the top quartile of a crowded US ESG peer group.

NUMV The ESG aisle is crowded with large-cap blend. NUMV takes the mid-cap value corner, applying its screens to a mid-cap value parent index instead of a megacap benchmark.sec.gov
Screens reach past ESG scores into controversial business involvement and low-carbon criteria, with the index rebalanced quarterly.nuveen.com
Trading since 2016, early for an ESG index fund, and spread across roughly 100 mid-caps rather than a short list of names.
Shareholder reports show the fund against both its custom ESG index and the unscreened MSCI USA Mid-Cap Value base index, so the cost of the screens is visible.sec.gov

Worth knowing

ESGU Cheaper seats in the same row: XVV at 0.08%, ESGV at 0.09%, SNPE and EFIV at 0.10%, against 0.15% here.
Market-like risk is the stated goal, so exclusions are lighter than a purist ESG fund and the holdings end up looking a lot like the broad US market.ishares.com
MSCI's ratings decide who makes the cut, so the portfolio reflects one provider's definition of ESG, not an industry standard.ishares.com

NUMV At 0.31% a year, it charges more than the typical fund in its ESG peer group and roughly triple the screened S&P 500 trackers like ESGV and XVV.
Volume is light next to the headline ESG funds, so spreads and order size matter more here.
Dividends arrive once or twice a year rather than quarterly.

Full ESGU profile⁠

Full NUMV profile⁠

ESGU vs NUMV Holdings

How ESGU and NUMV differ

Overlap by weight

9.2%

Shared holdings make up 65.7% of NUMV and 9.9% of ESGU.

Level by level

Holdings59 in both9.2%
Sector11 Sectors70.5%
Countryby domicile98.7%
Asset classStocks100%

Sector

Sector weights in ESGU and NUMV, widest gap first
Sector	Gap	ESGU	NUMV
Technology	ESGU +21.7 points	36.2%	14.5%
Financials	NUMV +6.1 points	12.5%	18.6%
Real Estate	NUMV +6.0 points	2.2%	8.2%
Industrials	NUMV +5.7 points	8.3%	14.0%
Utilities	NUMV +5.5 points	1.9%	7.4%
Consumer Staples	NUMV +5.1 points	4.8%	9.9%
Communication	ESGU +3.6 points	8.2%	4.6%
Energy	ESGU +1.9 points	3.7%	1.8%
Materials	NUMV +1.3 points	2.1%	3.4%
Health Care	ESGU +1.2 points	11.3%	10.1%
Consumer Discretionary	ESGU +1.1 points	8.7%	7.6%

Country, concentration and asset class

Country by domicile

Country weights in ESGU and NUMV, widest gap first
Country	Gap	ESGU	NUMV
United States	ESGU +1.1 points	99.8%	98.7%
Ireland	NUMV +0.9 points	0.0%	0.9%
Other countries (3)	NUMV +0.2 points	0.2%	0.4%

Concentration

Weight in the 10 largest Holdings

ESGU36.5%
NUMV21.2%

Securities held

ESGU268
NUMV87

Asset class

ESGU: Stocks
NUMV: Stocks

Holdings

Only in ESGU209
In both59
Only in NUMV28

Only in ESGU

209 securities, 90.0% of ESGU by weight

Apple7.82%
NVIDIA6.80%
Microsoft5.97%
Amazon.com Inc3.87%
Alphabet Class C3.03%
Broadcom Inc2.12%
Meta Platforms Class A1.95%
Eli Lilly1.67%
Alphabet Class A1.66%
Tesla Inc1.59%
Visa Class A1.39%
JPMorgan Chase & Co1.37%
Micron Technology1.20%
Advanced Micro Devices1.18%
AbbVie0.90%
Johnson & Johnson0.84%
Mastercard Class A0.78%
Exxonmobil Holdings Corp0.74%
Home Depot0.71%
Costco Wholesale Corp0.70%
Procter & Gamble0.69%
Coca-Cola0.64%
Cisco Systems Inc0.63%
Verizon Communications Inc0.57%
Merck & Co Inc0.54%
Goldman Sachs Group0.52%
Applied Material Inc0.51%
Ge Aerospace0.50%
Berkshire Hathaway Inc Class B0.49%
Lam Research0.48%
Palo Alto Networks0.48%
Nisource0.48%
Rtx0.47%
UnitedHealth Group0.46%
Palantir Technologies Class A0.45%
Morgan Stanley0.45%
Ecolab0.44%
Bank of New York Mellon Corp0.44%
Caterpillar Inc0.44%
Nextera Energy0.43%
Gilead Sciences0.43%
Automatic Data Processing Inc0.42%
Lowes Companies Inc0.42%
Linde PLC0.42%
S&P Global0.41%
American Express0.41%
American Tower Reit0.40%
Intel Corporation0.40%
Texas Instrument0.39%
International Business Machines Co0.39%

Only in NUMV

28 securities, 34.2% of NUMV by weight

Consolidated Edison, Inc.2.16%
Vivmark Residential2.11%
Ptc Inc2.01%
Veralto Corp1.99%
Roblox Corp1.79%
Atmos Energy Corp1.79%
Centerpoint Energy Inc1.74%
Fortive Corporation1.73%
Omnicom Group, Inc.1.66%
Regions Financial Corp.1.60%
Regency Centers Corp1.46%
Pulte Group, Inc.1.34%
Ball Corporation1.28%
Paychex, Inc.1.27%
Genuine Parts Co1.24%
Bunge Global SA1.16%
Jacobs Solutions Inc1.10%
Hp Inc1.08%
Smurfit Westrock PLC0.89%
Gen Digital Inc0.85%
Echostar Corp0.83%
Wr Berkley Corp0.73%
News Corp - A0.55%
Hubbell Inc0.44%
Idex Corp0.40%
Amcor PLC0.37%
Ast Spacemobile Inc0.35%
Tapestry Inc0.26%

Weight gaps

All 59 Holdings in both funds, largest gap first.

Holding weights in ESGU and NUMV, widest gap first
Holding	Gap	ESGU	NUMV
Cardinal HealthCAH	NUMV +2.28 points	0.31%	2.59%
United RentalsURI	NUMV +2.25 points	0.11%	2.36%
Crown Castle IncCCI	NUMV +1.92 points	0.23%	2.15%
Agilent Technologies IncA	NUMV +1.74 points	0.21%	1.95%
State StreetSTT	NUMV +1.69 points	0.24%	1.93%
Prudential Financial IncPRU	NUMV +1.68 points	0.28%	1.96%
Ppg IndustriesPPG	NUMV +1.68 points	0.16%	1.84%
Ferguson EnterprisesFERG	NUMV +1.65 points	0.10%	1.75%
Cboe Global MarketsCBOE	NUMV +1.61 points	0.17%	1.78%
SyscoSYY	NUMV +1.61 points	0.22%	1.83%
Archer Daniels MidlandADM	NUMV +1.56 points	0.13%	1.69%
Hewlett Packard EnterpriseHPE	NUMV +1.55 points	0.14%	1.69%
Willis Towers WatsonWTW	NUMV +1.53 points	0.10%	1.63%
Eversource EnergyES	NUMV +1.52 points	0.17%	1.69%
Synchrony FinancialSYF	NUMV +1.51 points	0.10%	1.61%
Baker Hughes Class ABKR	NUMV +1.47 points	0.12%	1.59%
Church and Dwight IncCHD	NUMV +1.43 points	0.34%	1.77%
T Rowe Price GroupTROW	NUMV +1.39 points	0.19%	1.58%
SterisSTE	NUMV +1.38 points	0.40%	1.78%
Kraft HeinzKHC	NUMV +1.34 points	0.21%	1.55%
Xylem IncXYL	NUMV +1.30 points	0.17%	1.47%
HumanaHUM	NUMV +1.28 points	0.12%	1.40%
Steel Dynamics IncSTLD	NUMV +1.25 points	0.10%	1.35%
First SolarFSLR	NUMV +1.24 points	0.09%	1.33%
Keysight TechnologiesKEYS	NUMV +1.22 points	0.14%	1.36%
Iron Mountain IncIRM	NUMV +1.21 points	0.09%	1.30%
Arch Capital GroupACGL	NUMV +1.10 points	0.24%	1.33%
Fifth Third BancorpFITB	NUMV +1.08 points	0.16%	1.24%
Ingersoll RandIR	NUMV +0.96 points	0.11%	1.07%
D R HortonDHI	NUMV +0.88 points	0.10%	0.98%
Tractor SupplyTSCO	NUMV +0.86 points	0.16%	1.02%
Cbre Group Class ACBRE	NUMV +0.85 points	0.14%	0.99%
Raymond JamesRJF	NUMV +0.84 points	0.24%	1.08%
Expeditors International of WashinEXPD	NUMV +0.84 points	0.18%	1.02%
Zoetis Inc Class AZTS	NUMV +0.83 points	0.17%	1.00%
Waters CorpWAT	NUMV +0.80 points	0.14%	0.94%
Dollar Tree IncDLTR	NUMV +0.76 points	0.10%	0.86%
Iqvia Holdings IncIQV	NUMV +0.69 points	0.14%	0.83%
Broadridge Financial Solutions IncBR	NUMV +0.69 points	0.18%	0.87%
Twilio Class ATWLO	NUMV +0.61 points	0.10%	0.71%
Sunbelt Rentals Holdings IncSUNB	NUMV +0.58 points	0.11%	0.69%
Hartford Insurance GroupHIG	NUMV +0.55 points	0.62%	1.17%
General Mills IncGIS	NUMV +0.52 points	0.19%	0.71%
Lennox InternationalLII	NUMV +0.48 points	0.09%	0.57%
Citizens Financial Group IncCFG	NUMV +0.47 points	0.14%	0.61%
Jb Hunt Transport ServicesJBHT	NUMV +0.46 points	0.08%	0.54%
Nasdaq IncNDAQ	NUMV +0.32 points	0.21%	0.53%
International PaperIP	NUMV +0.31 points	0.11%	0.42%
Ww Grainger IncGWW	ESGU +0.27 points	0.32%	0.05%
Ch Robinson WorldwideCHRW	NUMV +0.21 points	0.10%	0.31%
Mettler ToledoMTD	ESGU +0.19 points	0.23%	0.04%
Okta Class AOKTA	NUMV +0.16 points	0.12%	0.28%
F5FFIV	NUMV +0.14 points	0.11%	0.25%
Netapp IncNTAP	NUMV +0.11 points	0.11%	0.22%
Best BuyBBY	ESGU +0.10 points	0.12%	0.02%
Ares Management Class AARES	ESGU +0.09 points	0.10%	0.01%
Workday Class AWDAY	ESGU +0.06 points	0.10%	0.04%
Coeur MiningCDE	NUMV +0.05 points	0.08%	0.13%
Sba Communications Reit Corp ClassSBAC	NUMV +0.05 points	0.16%	0.21%

All 268 ESGU holdings⁠All 88 NUMV 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.

ESGU vs NUMV Cost

Overpaying NUMV vs ESGU

$3,209

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

ESGU 0.15%
$3,137
NUMV 0.31%
$6,346

Amount$10,000

Years30 years

Cost over time

ESGU 0.15%
NUMV 0.31%
Overpaying

Year by year

Year	ESGU	NUMV	Overpaying
10	$274	$563	$289
20	$1,071	$2,182	$1,111
30	$3,137	$6,346	$3,209

Expense ratio

0.15%ESGU, cheaper
0.31%NUMV

ESGU0.15%NUMV0.31%

0.08%0.95%

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

ESGU 13th cheapest of 47 funds

NUMV 30th cheapest of 47 funds

ESGU vs NUMV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ESGU 0.94%; NUMV 1.31%, better
Payout (12M): ESGU $1.55; NUMV $0.60
Last payment: ESGU $0.38; NUMV $0.60
Ex-dividend: ESGU Sep 15, 2026; NUMV Dec 18, 2025
Paid on: ESGU Sep 18, 2026; NUMV Dec 19, 2025
Frequency: ESGU Quarterly; NUMV Annual

Distribution history

Per share, 2017 to 2026, same scale for both

ESGUQuarterly · 41 paymentsAll ESGU payments⁠

NUMVAnnual · 9 paymentsAll NUMV payments⁠

ESGU vs NUMV Risk

Fall from peak · 5 years

ESGU
NUMV

Risk facts

VolatilityStd dev, 3 years: ESGU 12.8%, betterNUMV 14.7%
Return per unit of riskSharpe ratio, 3 years: ESGU 1.35, betterNUMV 1.07
Worst fallMax drawdown, 5 years: ESGU −26.1%NUMV −25.6%, better
Market sensitivityBeta, 5 years: ESGU 1.04NUMV 0.96; Market = 1

ESGU and NUMV in the news

All news⁠

ETF Filings
iShares files for a screened MSCI USA ETF that omits ESG from the name
Sep 4, 2026ESGU

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ESGU vs NUMV

In short

Stated mandate

Why people hold it

Worth knowing

How ESGU and NUMV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in NUMV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

iShares files for a screened MSCI USA ETF that omits ESG from the name

How ESGU and NUMV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in NUMV

Weight gaps