NNUK vs NNWH: Which ETF Is Better?
A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.
It is a dead heat: 3 measures each. Which matters most depends on you.
The short answer
Bigger funds usually trade more cheaply and are less likely to close.
A tighter gap between the buy and sell price.
NNUK vs NNWH side by side
| NNUK leads on 3, NNWH on 3 | NNUKNanuk New World Fund Active ETF | NNWHNanuk New World Fund (Currency Hedged) Active EFT |
|---|---|---|
| The basics | ||
| Index tracked | See the PDS | See the PDS |
| Fund manager | Nanuk | Nanuk |
| Asset class | International shares | International shares |
| Listed | Mar 2022 | Sep 2024 |
| Cost and size | ||
| MERyearly fee, lower is better | 1.10% | 1.10% |
| AUMfund size | $975m✓ | $249m |
| Net flows (Sep)new money in, last month | $16m✓ | $2.1m |
| Bid/ask spreadtrading cost, lower is better | 0.76% | 0.68%✓ |
| Total returns | ||
| 1 month | +1.8%✓ | −0.7% |
| 1 year | +23.2% | +30.6%✓ |
| 3 years p.a. | +21.1% | – |
| 5 years p.a. | – | – |
| $10,000 invested | ||
| 1 year ago | $12,325 | $13,062✓ |
| 5 years ago | – | – |
✓ marks the better figure on each measure. Returns include distributions, to 30 September 2026.
NNUK vs NNWH price chart
Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions · TradingView
What $10,000 invested is worth now
Only NNUK has a 3 years record: $10,000 then is worth $17,777 today.
Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.
What the fees cost you
NNUK and NNWH charge the same fee, so fees make no difference between them.
Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.
Get the full NNUK vs NNWH report
- Every holding of each ETF: the top 50 companies, with sectors and countries
- Exactly which companies they share, and how much of each
- Fees in dollars over 10, 20 and 30 years
- Every metric side by side, including the index each tracks
- ★ FREE BONUSIs now a good time to invest? The Market Health-O-Meter
FAQs
Which is better, NNUK or NNWH?
It depends on what you need. On our numbers NNUK wins on 3 measures and NNWH on 3. NNUK is the larger fund at $975m vs $249m. NNWH has the better 1-year return: +30.6% vs +23.2%. NNWH has the tighter bid/ask spread (0.68%), so it is usually slightly cheaper to trade.
Which is cheaper, NNUK or NNWH?
NNUK charges 1.10% a year and NNWH charges 1.10% a year.
Can I hold both NNUK and NNWH?
You can, but check how much they overlap. NNUK is a international shares fund and NNWH is a international shares fund.
More comparisons
General information only, not a recommendation. Past performance is not a reliable indicator of future performance.