Skip to content
etf.net

MGV vs NULC

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

Nuveen ESG Large-Cap

NULCBCboe

Overlap

Expense ratio

MGV −0.16pt a year

MGV0.05%NULC0.21%

Avg volume · 30D

MGV 61.3×the volume

MGV247KNULC4.03K

5Y return · a year

MGV +3.5pt

MGV+12.9%NULC+9.4%

MGV vs NULC Performance

Oct 29, 2021 – Oct 30, 2026

+83.6%MGV+56.9%NULC

Oct 29, 2021 to Oct 30, 2026. MGV +83.6%. NULC +56.9%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
MGV 0.05%, better
NULC 0.21%
Fund size
MGV $13.6B
NULC $80M
1Y total return
MGV +25.6%, better
NULC +14.6%
Yield (12M)
MGV 1.82%
NULC 8.85%, better
Holdings
MGV 117
NULC 129
Avg volume (30D)
MGV 247K sh, better
NULC 4.03K sh
NAV per share
MGV $168.92
NULC $54.93
52W range

ETF.net Grade

MGV: Cost 100, Risk 92, Mission 67, Tradability 49, Holdings 57, Durability 90. NULC: Cost 72, Risk 63, Mission 98, Tradability 24, Holdings 51, Durability 32.
Pillar letters and Scores for MGV, NULC, with each pillar’s weight
PillarMGVNULC
Cost30% weightA100HigherA72
Mission25% weightB67A98Higher
Risk15% weightA92HigherB63
Tradability15% weightC49HigherF24
Holdings10% weightB57HigherC51
Durability5% weightA90HigherD32

Rank among US Factor Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MGV and NULC are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds
See all 30 ›

MGV ranks 1st and NULC 9th of 30 funds in the US Factor Index Category.

  1. Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
  2. Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
  3. Rank 9BMMTMState Street SPDR S&P 1500 Momentum Tilt ETFScore 65
  4. Rank 9BNULCNuveen ESG Large-CapScore 65
  5. Rank 11BGARPiShares MSCI USA Quality GARP ETFScore 64

Our read on each fund

ETF.net Research

MGVAVanguard Morningstar Mega Cap Value ETF

NULCBNuveen ESG Large-Cap

In short

MGV Most "value" ETFs slide down into mid caps. MGV stays at the very top of the US market and buys the value half of it for five basis points. Vanguard's plain, cheap way to own the old-guard giants.

NULC An ESG screen on a growth-tilted US large-cap portfolio: roughly 140 names tracking the TIAA ESG USA Large-Cap Index at 0.21% a year, under the typical US factor fund's fee.

Stated mandate

MGV The ETF seeks to track the Morningstar US Mega Cap Value Index and provides passive, diversified exposure to the largest value stocks in the U.S. market.

NULC The Fund seeks to track, before fees and expenses, the TIAA ESG USA Large-Cap Index.

Why people hold it

  • MGV At 0.05% it is the cheapest fund in its factor peer group, where the median charges 0.28%. It undercuts fellow top-rated peers SIZE (0.15%) and SUSA (0.25%).vanguard.com
  • Launched December 2007, straight into the crash, and now a multi-billion-dollar fund. Long history, quarterly distributions, Vanguard plumbing behind it.
  • One of the strongest overall showings in its US factor peer group, built on cost and staying power rather than a clever screen.
  • NULC At 0.21% a year it undercuts the 0.28% median for US factor ETFs, and sits below iShares' ESG-screened SUSA at 0.25%.
  • One named benchmark, the TIAA ESG USA Large-Cap Index, and a portfolio that hews closely to that brief. One of the tighter mandate builds among US factor funds.
  • Roughly 140 stocks with a growth lean: different enough from a plain large-cap index fund to matter, still spread across the big end of the market.
  • Live since 2019, so there is a real trading history behind the ESG label rather than a back-test.

Worth knowing

  • MGV About 130 names, all mega caps. The biggest holdings carry real weight, and small and mid caps are absent by design.
  • It tracks a Morningstar index of the largest US value stocks, so it leaves out the market's growth giants and can move very differently from a total-market fund.vanguard.com
  • Moderately traded rather than a household-name ticker, so limit orders and mid-session trading matter more here than with the very largest index ETFs.
  • NULC Thinly traded. Spreads can run wider than the giants of the ESG aisle, and size matters more when you place an order.
  • A smaller fund by asset base, which leaves less cushion than the household names if a sponsor ever reshuffles its lineup.
  • ESG screens plus a growth tilt mean the portfolio can look and behave differently from the broad US market in either direction.

Full MGV profile⁠

Full NULC profile⁠

MGV vs NULC 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.

MGV vs NULC Cost

Overpaying NULC vs MGV

$3,297

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

  • MGV 0.05%

    $1,060

  • NULC 0.21%

    $4,357

$10,000
30 years

Cost over time

  • MGV 0.05%
  • NULC 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530NULC $4,357MGV $1,060

Year by year

YearMGVNULCOverpaying
10$92$383$291
20$360$1,491$1,131
30$1,060$4,357$3,297

Expense ratio

  • 0.05%MGV, cheaper
  • 0.21%NULC
  • Middle half of US Factor Index funds
  • Median 0.30%

MGV cheapest of 30 funds

NULC 9th cheapest of 30 funds

MGV vs NULC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MGV 1.82%
NULC 8.85%, better
Payout (12M)
MGV $3.07
NULC $4.87
Last payment
MGV $0.72
NULC $4.87
Ex-dividend
MGV Sep 28, 2026
NULC Dec 18, 2025
Paid on
MGV Sep 30, 2026
NULC Dec 19, 2025
Frequency
MGV Quarterly
NULC Annual

Distribution history

Per share, 2017 to 2026, same scale for both

MGVQuarterly · 39 paymentsAll MGV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 29, 2017 $0.39; Jun 23, 2017 $0.41; Sep 27, 2017 $0.51; Dec 26, 2017 $0.47; Mar 22, 2018 $0.42; Jun 28, 2018 $0.46; Sep 28, 2018 $0.50; Dec 24, 2018 $0.51; Mar 25, 2019 $0.60; Jun 27, 2019 $0.57; Oct 1, 2019 $0.57; Dec 24, 2019 $0.60; Mar 26, 2020 $0.51; Jun 25, 2020 $0.53; Sep 11, 2020 $0.46; Dec 24, 2020 $0.65; Mar 26, 2021 $0.49; Jun 24, 2021 $0.55; Sep 29, 2021 $0.62; Dec 27, 2021 $0.66; Mar 24, 2022 $0.55; Jun 23, 2022 $0.60; Sep 28, 2022 $0.68; Dec 22, 2022 $0.70; Mar 23, 2023 $0.59; Jun 23, 2023 $0.66; Sep 21, 2023 $0.68; Dec 21, 2023 $0.77; Mar 21, 2024 $0.70; Jun 27, 2024 $0.73; Sep 26, 2024 $0.72; Dec 23, 2024 $0.72; Mar 27, 2025 $0.68; Jun 30, 2025 $0.68; Sep 29, 2025 $0.70; Dec 22, 2025 $0.82; Mar 27, 2026 $0.79; Jun 26, 2026 $0.73; Sep 28, 2026 $0.72. Use the arrow keys to read each point.$0$52017202020232026YTD
NULCAnnual · 7 paymentsAll NULC payments⁠
One bar per payment. 7 payments from 2017 to 2026 YTD. Dec 27, 2019 $0.23; Dec 17, 2020 $1.42; Dec 16, 2021 $2.53; Dec 15, 2022 $0.76; Dec 14, 2023 $0.52; Dec 18, 2024 $0.85; Dec 18, 2025 $4.87. Use the arrow keys to read each point.$0$52017202020232026YTD

MGV vs NULC Risk

Fall from peak · 5 years

  • MGV
  • NULC
Oct 29, 2021 to Oct 30, 2026. Worst fall: NULC −27.9% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MGV 11.1%, betterNULC 12.8%
Return per unit of riskSharpe ratio, 3 years
MGV 1.48, betterNULC 1.27
Worst fallMax drawdown, 5 years
MGV −16.5%, betterNULC −27.9%
Market sensitivityBeta, 5 years
MGV 0.66NULC 1.01

Popular comparisons

  • MGVAvsUSCAA

    Vanguard Morningstar Mega Cap Value ETF · Xtrackers MSCI USA Climate Action Equity ETF

    Expense ratio
    0.05% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NULCBvsUSCAA

    Nuveen ESG Large-Cap · Xtrackers MSCI USA Climate Action Equity ETF

    Expense ratio
    0.21% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MGVAvsSIZEA

    Vanguard Morningstar Mega Cap Value ETF · iShares MSCI USA Size Factor ETF

    Expense ratio
    0.05% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NULCBvsSIZEA

    Nuveen ESG Large-Cap · iShares MSCI USA Size Factor ETF

    Expense ratio
    0.21% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MGVAvsDXUVA

    Vanguard Morningstar Mega Cap Value ETF · U.S. Vector Equity Portfolio ETF Class Shares

    Expense ratio
    0.05% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NULCBvsDXUVA

    Nuveen ESG Large-Cap · U.S. Vector Equity Portfolio ETF Class Shares

    Expense ratio
    0.21% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.