IWF Vs. NUGO: Comparing Two Growth ETFs

Retired InvestorInvesting GroupFollow5ShareSavePlay(9min)CommentsSummaryNuveen Growth Opportunities ETF targets growth stocks, with a pronounced tilt toward the Magnificent Seven and large-cap technology.NUGO has not delivered alpha versus iShares Russell 1000 ETF, thus its performance justifies only a Hold rating.NUGO's higher fee (56bps) and extreme concentration—over 60% in the top ten holdings—heighten risk compared to iShares Russell 1000 Growth ETF and iShares Russell 1000 ETF.Both NUGO and IWF are unsuitable for income-focused investors, offering minimal yields and prioritizing capital appreciation over distributions. Richard Drury/DigitalVision via Getty Images Introduction Trying to tap into investor’s appetite for ETFs, I am sure that motived Nuveen to launch the Nuveen Growth Opportunities ETF (NUGO) about four years ago. I suspect with the dominance of theThis article was written byRetired Investor9.14K FollowersFollowRetired Investor has been investing since the 1980s and has a background in data analysis and pension fund management. He writes articles to help others prepare for retirement by investing in CEFs, ETFs, BDCs, and REITs. He is a long only investor and shares strategies for trading options with a focus on cash-secured-puts. He is a contributing author to the investing group iREIT®+HOYA CapitalThe group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%.Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.