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NOEQvsBWVTFETF Comparison

ETF 1

NOEQ

Northern Trust US Equity ETF

This fund is part of

US Multi-Factor

+0.06%

Full NOEQ fund page

VS

ETF 2

BWVTF

iPath CBOE S&P 500 BuyWrite Index ETN

This fund is part of

Options Strategies

-0.06%

Full BWVTF fund page

Northern Trust US Equity ETF (NOEQ) belongs to the US Multi-Factor segment. iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) is part of the Options Strategies segment. NOEQ's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, BWVTF's top sector exposures are Technology, Finance and Healthcare. NOEQ is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.75% for BWVTF. Run a side-by-side ETF comparison of NOEQ and BWVTF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NOEQ vs BWVTF performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NOEQ BWVTF	+0.19%+1.32%	+2.85%+5.15%	n/a+10.78%	n/a+20.01%	n/a+47.56%	n/a+49.55%
Flows	NOEQ BWVTF	+$361K-	+$160K-	--$126K	--$841K	--$841K	--$1M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NOEQ BWVTF	+11.91%+7.29%	n/a+7.51%	n/a+11.14%	n/a+12.31%
Max drawdown	NOEQ BWVTF	-3.46%-2.20%	n/a-5.71%	n/a-16.79%	n/a-19.88%
Max drawdown duration	NOEQ BWVTF	25d8d	n/a62d	n/a240d	n/a686d

Trading data

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	NOEQ	BWVTF
Last sale 9/4/2026 at 1:30 PM	$29.72
Previous close 09/04/2026	$29.84
Consolidated volume 09/04/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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NOEQ

is actively managed and doesn’t replicate an index

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	NOEQ	BWVTF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/4/2026 at 1:30 PM

Live

Closed

	NOEQ	BWVTF
Last price	$29.72	–
1D performance	-0.40%	–
AuM	$900.40 M	$1.57 M
E/R	0.12%	0.75%

Characteristics

	NOEQ	BWVTF
Management strategy	Active	Passive
Provider	Northern Trust	Barclays
Benchmark	-	CBOE S&P 500 BuyWrite Index
N° of holdings	3005	500
Asset class	-	Alternative
Trailing 12m distribution yield	Join	Join
Inception date	March 20, 2026	May 22, 2007
ESG	No	No

More NOEQ data on Trackinsight

More BWVTF data on Trackinsight

Exposure

Countries

NOEQ

USA

98.63%

Other

1.37%

BWVTF

USA

98.14%

Other

1.86%

Sectors

NOEQ

Technology

37.88%

Healthcare

17.77%

Industrials

10.89%

Energy

9.42%

Consumer Non-Cycl.

7.76%

Other

16.28%

BWVTF

Technology

44.19%

Finance

14.31%

Healthcare

9.37%

Consumer Non-Cycl.

9.14%

Industrials

7.9%

Other

15.1%

Diversification

NOEQ

Total weight of top 15 holdings out of 15

62%

BWVTF

Total weight of top 15 holdings out of 15

43.4%

Top 15 holdings

Data as of July 31, 2026

NOEQ

Alphabet, Inc.

7.93%

NVIDIA Corp.

5.80%

Amazon.com, Inc.

5.57%

Merck & Co., Inc.

5.24%

Johnson & Johnson

4.89%

Apple, Inc.

4.59%

ExxonMobil Holdings Corp.

4.53%

Eli Lilly & Co.

4.39%

Chevron Corp.

4.04%

The Boeing Co.

3.61%

Microsoft Corp.

3.09%

GE Aerospace

2.68%

Moody's Corp.

2.06%

GE Vernova, Inc.

1.84%

Broadcom Inc.

1.73%

BWVTF

Apple, Inc.

7.95%

NVIDIA Corp.

7.36%

Microsoft Corp.

4.64%

Amazon.com, Inc.

3.55%

Alphabet, Inc.

3.16%

Broadcom Inc.

2.80%

Alphabet, Inc.

2.54%

Meta Platforms, Inc.

2.06%

Eli Lilly & Co.

1.53%

Berkshire Hathaway, Inc.

1.49%

JPMorgan Chase & Co.

1.48%

Tesla, Inc.

1.34%

Micron Technology, Inc.

1.33%

Advanced Micro Devices, Inc.

1.12%

ExxonMobil Holdings Corp.

1.04%

Frequently asked questions about NOEQ and BWVTF

Which ETF is bigger: NOEQ or BWVTF?

As of September 4, 2026, NOEQ holds $900.40 M in assets under management (AUM), while BWVTF manages $1.57 M.

What sectors do the NOEQ and BWVTF ETFs invest in?

NOEQ leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, BWVTF focuses on Technology, Finance and Healthcare.

What are the top holdings of the NOEQ ETF and BWVTF ETF?

NOEQ top holdings include Alphabet, Inc., NVIDIA Corp. and Amazon.com, Inc.. BWVTF holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

NOEQvsBWVTFETF Comparison

Northern Trust US Equity ETF

iPath CBOE S&P 500 BuyWrite Index ETN

NOEQ vs BWVTF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: NOEQ or BWVTF?

As of September 4, 2026, NOEQ holds $900.40 M in assets under management (AUM), while BWVTF manages $1.57 M.

What sectors do the NOEQ and BWVTF ETFs invest in?

NOEQ leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, BWVTF focuses on Technology, Finance and Healthcare.

What are the top holdings of the NOEQ ETF and BWVTF ETF?

NOEQ top holdings include Alphabet, Inc., NVIDIA Corp. and Amazon.com, Inc.. BWVTF holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: NOEQ or BWVTF?

NOEQ holds 3032 securities with 62% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 43.4%.

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