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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)
$1,455,836
AUM
$2,484,601,665
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
12.28%
AAPL
Apple Inc
9.10%
AMZN
Amazon.com Inc.
8.41%
NVDA
NVIDIA Corp
8.28%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.84%
MA
Mastercard Incorporated - Ordinary Shares - Class A
4.99%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.48%
LLY
Lilly(Eli) & Co
3.72%
AVGO
Broadcom Inc
3.20%
TSLA
Tesla Inc
2.19%
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 IWF, VONG, ILCG

NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares

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

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Category

Featured, Technology Focus

Risk Rating

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Category

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Risk Rating

Aggressive

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 -0.0109%. This is the percent change in the value of NUGO over the most recent 1-month period. The 3-month return on NUGO is 0.0111%. 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 0.2034%. 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 VIG, VYM, and DFAS.

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

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.