NUDV vs USCL: Grades, Fees and Holdings Compared

Nuveen ESG Dividend

NUDVCCboe

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Overlap

13.7%by weight

Expense ratio

USCL −0.18pt a year

NUDV0.26%USCL0.08%

Avg volume · 30D

USCL 1.7×the volume

NUDV7.67KUSCL13.1K

3Y return · a year

USCL +2.0pt

NUDV+19.5%USCL+21.5%

NUDV vs USCL Performance

Oct 31, 2025 – Oct 30, 2026

+21.2%NUDV+7.3%USCL

Expense ratio: NUDV 0.26%; USCL 0.08%, better
Fund size: NUDV $57M; USCL $2.77B
1Y total return: NUDV +21.2%, better; USCL +7.3%
Yield (12M): NUDV 2.22%, better; USCL 1.06%
Holdings: NUDV 84; USCL 394
Avg volume (30D): NUDV 7.67K sh; USCL 13.1K sh, better
NAV per share: NUDV $34.26; USCL $85.14
52W range

ETF.net Grade

Pillar letters and Scores for NUDV, USCL, with each pillar’s weight
Pillar	NUDV	USCL
Cost30% weight	C46	A99Higher
Mission25% weight	D39	Not scored
Risk15% weight	A85Higher	C52
Tradability15% weight	D39	A70Higher
Holdings10% weight	B69Higher	D36
Durability5% weight	F24	A70Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. NUDV and USCL 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 ›

USCL ranks 8th and NUDV 34th of 47 funds in the US ESG & Values Index Category.

Rank 8AEVUSiShares ESG Aware MSCI USA Value ETFScore 73
Rank 8AUSCLiShares Climate Conscious & Transition MSCI USA ETFScore 73
Rank 10AESGVVanguard ESG U.S. Stock ETFScore 72
Rank 33CETHOAmplify Etho Climate Leadership U.S. ETFScore 51
Rank 34CNUDVNuveen ESG DividendScore 50
Rank 35CTPSCTimothy Plan US Small Cap Core ETFScore 47

Our read on each fund

ETF.net Research

NUDVCNuveen ESG Dividend

USCLAiShares Climate Conscious & Transition MSCI USA ETF

In short

NUDV Most ESG funds are the S&P 500 with the laggards screened out. NUDV starts somewhere else: higher-yielding US dividend payers, run through TIAA's ESG screens, landing at roughly 90 stocks.

USCL Most ESG index funds work by exclusion. USCL scores roughly 400 US large and mid caps on where they're heading instead: emissions intensity, reduction targets, green revenue. And it charges 0.08% a year to do it.

Stated mandate

NUDV The Fund seeks to track the TIAA ESG USA High Dividend Index before fees and expenses.

USCL The Fund seeks to track an index of U.S. large- and mid-capitalization companies selected for their relative positioning on the transition to a low-carbon economy, using climate-related measures such as emissions intensity, reduction targets, green-business revenue, and climate-risk management.

Why people hold it

NUDV Two jobs, one ticket: it tracks the TIAA ESG USA High Dividend Index, so the income tilt and the values screen are built into the same rulebook.
Roughly 90 US stocks, not a lightly edited 500. You get a real dividend concentration rather than the whole market with a few names shaved off.
Income arrives on a quarterly schedule, the standard cadence for US dividend equity funds.
Live since 2021 with a Nuveen wrapper around a TIAA-branded index, so the screening methodology and the manager come from the same house.

USCL At 0.08% a year, it matches the cheapest fund in its ESG cohort (XVV) and undercuts ESGV, SNPE, EFIV and ESGU.ishares.com
The index doesn't just screen out offenders. It selects on transition evidence: emissions intensity, reduction targets, green-business revenue, climate-risk management.ishares.com
About 400 US large and mid caps, so it reads as core equity exposure with a climate tilt, not a narrow clean-energy sector bet.
A multi-billion-dollar iShares fund that sticks tightly to the MSCI USA Extended Climate Action Index, one of the cleaner implementations in its peer group.

Worth knowing

NUDV At 0.26% it sits just above its ESG peer group's median and roughly triple the broad screened index funds like ESGV (0.09%) and XVV (0.08%).
Thinly traded with a modest asset base, so spreads can run wider than the household-name ESG funds and size orders deserve care.
A dividend screen plus an ESG screen means a portfolio that can look nothing like the S&P 500, in either direction, in any given stretch.

USCL Trading is thin for a fund this size, so spreads can widen. Limit orders are the standard tool here.
Climate scoring reshapes the sector and name mix, so results can diverge from a plain US large-cap index in either direction.
Launched in 2023, so its history is short next to the older ESG funds it competes with.

Full NUDV profile⁠

Full USCL profile⁠

NUDV vs USCL Holdings

How NUDV and USCL differ

Overlap by weight

13.7%

Shared holdings make up 93.4% of NUDV and 14.2% of USCL.

Level by level

Holdings76 in both13.7%
Sector11 Sectors56.5%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in NUDV and USCL, widest gap first
Sector	More in NUDVMore in USCL	NUDV	USCL
Technology	USCL +30.3 points	11.5%	41.8%
Financials	NUDV +14.3 points	23.9%	9.6%
Communication	USCL +6.6 points	3.9%	10.5%
Consumer Discretionary	USCL +6.6 points	3.1%	9.7%
Industrials	NUDV +6.5 points	13.3%	6.8%
Consumer Staples	NUDV +6.3 points	10.5%	4.2%
Health Care	NUDV +5.4 points	16.0%	10.6%
Utilities	NUDV +3.3 points	4.9%	1.6%
Real Estate	NUDV +3.0 points	4.7%	1.7%
Materials	NUDV +2.3 points	3.9%	1.6%
Energy	NUDV +2.2 points	4.3%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in NUDV and USCL, widest gap first
Country	More in NUDVMore in USCL	NUDV	USCL
United States	NUDV +0.7 points	100.0%	99.3%
Other countries (7)	USCL +0.7 points	0.0%	0.7%

Concentration

Weight in the 10 largest Holdings

NUDV23.4%
USCL44.8%

Securities held

NUDV83
USCL391

Asset class

NUDV: Equity
USCL: Equity

Holdings

Only in NUDV7
In both76
Only in USCL315

Only in NUDV

7 securities, 6.5% of NUDV by weight

Quest Diagnostics, Inc.1.14%
Centerpoint Energy Inc1.13%
Verisign Inc.1.03%
Crown Castle Inc0.93%
Steris PLC0.90%
Royalty Pharma PLC0.82%
Bunge Global SA0.50%

Only in USCL

315 securities, 85.7% of USCL by weight

Apple9.51%
NVIDIA8.84%
Microsoft6.92%
Amazon.com Inc4.37%
Alphabet Class A3.08%
Broadcom Inc2.77%
Meta Platforms Class A2.54%
Alphabet Class C2.44%
Tesla Inc2.15%
Eli Lilly2.13%
Advanced Micro Devices1.55%
Visa Class A1.29%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.24%
Walmart1.02%
Mastercard Class A0.97%
Palantir Technologies Class A0.75%
Exxonmobil Holdings Corp0.73%
UnitedHealth Group0.69%
Palo Alto Networks0.56%
Thermo Fisher Scientific0.49%
Netflix0.49%
Amgen Inc0.47%
Micron Technology0.47%
Bank of America0.46%
Linde PLC0.45%
Ge Aerospace0.44%
Applied Material Inc0.44%
Costco Wholesale Corp0.42%
Lam Research0.42%
Chevron0.41%
Caterpillar Inc0.40%
Kla0.39%
Analog Devices0.38%
Pepsico0.35%
Mcdonalds Corp0.35%
Salesforce0.34%
Arista Networks0.34%
Nextera Energy0.33%
Qualcomm0.33%
Oracle0.32%
American Express0.32%
Marvell Technology0.32%
Welltower0.31%
Danaher0.28%
Charles Schwab0.27%
Intel Corporation0.27%
Walt Disney0.27%
Vertex Pharmaceuticals0.27%
S&P Global0.27%

Weight gaps

All 76 Holdings in both funds, largest gap first.

Holding weights in NUDV and USCL, widest gap first
Holding	More in NUDVMore in USCL	NUDV	USCL
Coca Cola Co.KO	NUDV +2.10 points	2.78%	0.68%
International Business MaIBM	NUDV +2.00 points	2.34%	0.34%
Merck & Company, IncMRK	NUDV +1.95 points	2.64%	0.69%
Accenture PLCACN	NUDV +1.89 points	2.19%	0.30%
Procter & Gamble Co/ThePG	NUDV +1.82 points	2.53%	0.71%
Goldman Sachs Group, Inc.GS	NUDV +1.79 points	2.16%	0.37%
Deere & Co.DE	NUDV +1.77 points	2.08%	0.31%
Pfizer, Inc.PFE	NUDV +1.72 points	2.05%	0.33%
Morgan StanleyMS	NUDV +1.65 points	1.96%	0.31%
Union Pac Corp.UNP	NUDV +1.65 points	1.99%	0.34%
Travelers Companies, Inc.TRV	NUDV +1.62 points	1.70%	0.08%
Intercontinental ExchangeICE	NUDV +1.54 points	1.72%	0.18%
Verizon CommunicationsVZ	NUDV +1.51 points	1.86%	0.35%
Ecolab IncECL	NUDV +1.49 points	1.63%	0.14%
Pnc Financial Services GrPNC	NUDV +1.48 points	1.52%	0.04%
AbbVie Inc.ABBV	NUDV +1.47 points	2.45%	0.98%
U.s. BancorpUSB	NUDV +1.46 points	1.55%	0.09%
Allstate Corp.ALL	NUDV +1.45 points	1.51%	0.07%
Cigna Group/TheCI	NUDV +1.44 points	1.51%	0.07%
Equinix IncEQIX	NUDV +1.44 points	1.58%	0.14%
Slb LtdSLB	NUDV +1.42 points	1.57%	0.15%
Yum! Brands, Inc.YUM	NUDV +1.42 points	1.50%	0.08%
Bank of New York MellonBNY	NUDV +1.41 points	1.55%	0.14%
Honeywell International IHON	NUDV +1.40 points	1.50%	0.10%
3M Co.MMM	NUDV +1.40 points	1.57%	0.17%
Sempra EnergySRE	NUDV +1.40 points	1.48%	0.08%
Oneok IncOKE	NUDV +1.39 points	1.51%	0.12%
Exelon Corp.EXC	NUDV +1.37 points	1.46%	0.09%
Cboe Global Markets IncCBOE	NUDV +1.37 points	1.44%	0.07%
Cisco Systems, Inc.CSCO	NUDV +1.36 points	2.13%	0.77%
Archer-Daniels-Midland CoADM	NUDV +1.32 points	1.34%	0.02%
Prudential Financial, IncPRU	NUDV +1.31 points	1.35%	0.04%
Sysco Corp.SYY	NUDV +1.29 points	1.35%	0.06%
Automatic Data ProcessingADP	NUDV +1.29 points	1.51%	0.22%
Eaton Corp PLCETN	NUDV +1.27 points	1.54%	0.27%
AT&T Inc.T	NUDV +1.20 points	1.48%	0.28%
Baker Hughes CoBKR	NUDV +1.19 points	1.29%	0.10%
Nxp Semiconductors NVNXPI	NUDV +1.16 points	1.29%	0.13%
Gilead Sciences IncGILD	NUDV +1.15 points	1.55%	0.40%
Sherwin-Williams CoSHW	NUDV +1.10 points	1.24%	0.14%
Ppg Industries IncPPG	NUDV +1.04 points	1.09%	0.05%
Progressive CorpPGR	NUDV +1.03 points	1.16%	0.13%
Nasdaq IncNDAQ	NUDV +1.01 points	1.10%	0.09%
Eversource EnergyES	NUDV +1.00 points	1.05%	0.05%
Ferguson Enterprises IncFERG	NUDV +1.01 points	1.03%	0.02%
Cummins IncCMI	NUDV +1.00 points	1.10%	0.10%
Stryker CorpSYK	NUDV +0.99 points	1.08%	0.09%
The Hershey CompanyHSY	NUDV +0.94 points	0.99%	0.05%
Marsh & Mclennan Cos, IncMRSH	NUDV +0.92 points	1.10%	0.18%
Citigroup, Inc.C	NUDV +0.90 points	1.10%	0.20%
Starbucks CorpSBUX	NUDV +0.90 points	1.12%	0.22%
Elevance Health IncELV	NUDV +0.83 points	1.00%	0.17%
M & T Bank Corp.MTB	NUDV +0.80 points	0.82%	0.01%
American Tower Corp. ReitAMT	NUDV +0.76 points	0.92%	0.16%
Kraft Heinz Co/TheKHC	NUDV +0.75 points	0.78%	0.03%
Cardinal Health, Inc.CAH	NUDV +0.59 points	0.67%	0.08%
Intuit Inc.INTU	NUDV +0.51 points	0.69%	0.18%
Verisk Analytics IncVRSK	NUDV +0.50 points	0.55%	0.05%
Fifth Third BancorpFITB	NUDV +0.50 points	0.52%	0.02%
Hewlett-Packard EnterprisHPE	NUDV +0.47 points	0.57%	0.10%
Home Depot IncHD	USCL +0.47 points	0.15%	0.62%
Csx CorpCSX	NUDV +0.46 points	0.64%	0.18%
Capital One FinancialCOF	NUDV +0.43 points	0.60%	0.17%
Prologis, Inc.PLD	NUDV +0.43 points	0.65%	0.22%
Lowe's Cos IncLOW	NUDV +0.39 points	0.50%	0.11%
Zimmer Biomet HoldingsZBH	NUDV +0.36 points	0.39%	0.03%
Broadridge Financial SoluBR	NUDV +0.30 points	0.34%	0.04%
Digital Realty Trust IncDLR	NUDV +0.28 points	0.37%	0.09%
Johnson Controls IntlJCI	NUDV +0.27 points	0.44%	0.17%
Iron Mountain IncIRM	NUDV +0.18 points	0.25%	0.07%
Rockwell Automation, Inc.ROK	NUDV +0.14 points	0.23%	0.09%
Apollo Global ManagementAPO	NUDV +0.13 points	0.20%	0.07%
State Street Corp.STT	NUDV +0.14 points	0.18%	0.04%
BlackRock Funding Inc/DeBLK	NUDV +0.11 points	0.43%	0.32%
General Mills IncGIS	NUDV +0.08 points	0.11%	0.03%
Ch Robinson Worldwide IncCHRW	Same weight	0.02%	0.02%

All 84 NUDV holdings⁠All 391 USCL 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.

NUDV vs USCL Cost

Overpaying NUDV vs USCL

$3,669

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

NUDV 0.26%
$5,358
USCL 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

NUDV 0.26%
USCL 0.08%
Overpaying

Year by year

Year	NUDV	USCL	Overpaying
10	$473	$147	$326
20	$1,838	$575	$1,263
30	$5,358	$1,689	$3,669

Expense ratio

0.26%NUDV
0.08%USCL, cheaper

USCL0.08%NUDV0.26%

0.08%0.95%

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

USCL cheapest of 47 funds

NUDV 25th cheapest of 47 funds

NUDV vs USCL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): NUDV 2.22%, better; USCL 1.06%
Payout (12M): NUDV $0.76; USCL $0.91
Last payment: NUDV $0.18; USCL $0.20
Ex-dividend: NUDV Sep 29, 2026; USCL Sep 15, 2026
Paid on: NUDV Sep 30, 2026; USCL Sep 18, 2026
Frequency: NUDV Quarterly; USCL Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

NUDVQuarterly · 20 paymentsAll NUDV payments⁠

USCLQuarterly · 13 paymentsAll USCL payments⁠

NUDV vs USCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NUDV 13.1%USCL 12.5%, better
Return per unit of riskSharpe ratio, 3 years: NUDV 1.09USCL 1.28, better
Worst fallMax drawdown, 5 years: NUDV −20.1%USCL −19.0%since Jun 2023
Market sensitivityBeta, 5 years: NUDV 0.79USCL 1.01; Market = 1

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