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ETFs

Nuveen Growth Opportunities ETF

NUGO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 27 2021
Expense Ratio
0.55%
Type
US Equities
Fund Owner
Nuveen
Volume (1m avg. daily)
$599,219
AUM
$2,343,787,200
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
11.40%
AAPL
Apple Inc
8.89%
MA
Mastercard Incorporated - Ordinary Shares - Class A
6.22%
AMZN
Amazon.com Inc.
4.89%
NVDA
NVIDIA Corp
4.30%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.80%
LLY
Lilly(Eli) & Co
2.66%
n/a
US DOLLARS
2.53%
EOG
EOG Resources, Inc.
2.46%
COST
Costco Wholesale Corp
2.44%
Invest with NUGO

What is NUGO?

The Fund seeks long-term capital appreciation through a concentrated growth portfolio that primarily invests in U.S. companies with market capitalizations of at least $1 billion. The investment team looks for high-quality companies that exhibit potential for attractive earnings growth, strong relative valuation, attractive cash flows, and significant long-term returns. The Fund is an actively managed, semi-transparent exchange-traded fund ( ETF ).

ETFs related toNUGO

ETFs correlated to NUGO include ILCG, IWF, VONG

NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNUGO

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Create your own algorithmic trading strategy with NUGO using Composer

FAQ

NUGO is a US Equities ETF. The Fund seeks long-term capital appreciation through a concentrated growth portfolio that primarily invests in U.S. companies with market capitalizations of at least $1 billion. The investment team looks for high-quality companies that exhibit potential for attractive earnings growth, strong relative valuation, attractive cash flows, and significant long-term returns. The Fund is an actively managed, semi-transparent exchange-traded fund ( ETF ).

Yes, NUGO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NUGO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NUGO is 0.0238%. This is the percent change in the value of NUGO over the most recent 1-month period. The 3-month return on NUGO is 0.0918%. This is the percent change in the value of NUGO over the most recent 3-month period.

The standard deviation of NUGO for the past year is 0.2814%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NUGO include FDL, DFAT, and SDY.

ETFs correlated to NUGO include ILCG, IWF, and VONG.

ETFs that are inversely correlated to NUGO include QID, SQQQ, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.