NUDM vs. CIL

Last updated Aug 4, 2026

NUDM (Nuveen ESG International Developed Markets Equity ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - NUDM tracks the MSCI TIAA ESG International DM while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 5 years, NUDM returned 8.93%/yr vs 7.16%/yr for CIL. Their 0.73 correlation means they have sometimes moved together and sometimes differently. NUDM charges 0.30%/yr vs 0.45%/yr for CIL.

Performance

NUDM vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG International Developed Markets Equity ETF (NUDM) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUDM achieves a 12.01% return, which is significantly higher than CIL's 5.44% return.

NUDM

• 1D: 0.35%
• 1M: 1.07%
• 6M: 6.46%
• YTD: 12.01%
• 1Y: 25.69%
• 3Y*: 17.61%
• 5Y*: 8.93%
• 10Y*: —
• ALL TIME*: 8.69%

CIL

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 5.44%
• 1Y: 16.21%
• 3Y*: 15.35%
• 5Y*: 7.16%
• 10Y*: 8.18%
• ALL TIME*: 7.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIL VictoryShares International Volatility Wtd ETF	$0.00	$0.00	$0.00
NUDM Nuveen ESG International Developed Markets Equity ETF	$2.51M	$2.03M	$1.85M

NUDM vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUDM Nuveen ESG International Developed Markets Equity ETF	12.01%	29.60%	5.47%	17.70%	-15.16%	10.62%	10.06%	24.58%	-14.82%	8.40%
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	10.66%

Correlation

The correlation between NUDM and CIL is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017	0.73

The correlation between NUDM and CIL shifts across timeframes, from 0.56 (1 year) to 0.80 (3 years), reflecting how their relationship changes across market environments.

NUDM vs. CIL - Sectors Allocation Comparison

Sectors	NUDM	CIL
Financial Services	27.7%	24.8%
Industrials	20.8%	18.4%
Technology	14.6%	6.4%
Healthcare	9.9%	7.7%
Consumer Defensive	6.0%	8.8%
Consumer Cyclical	5.0%	8.2%
Basic Materials	4.8%	6.6%
Communication Services	4.6%	5.8%
Utilities	4.2%	6.6%
Real Estate	1.6%	2.2%
Energy	0.6%	4.6%

Return for Risk

NUDM vs. CIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUDM

NUDM Risk / Return Rank: 61
NUDM Sharpe Ratio Rank: 64
NUDM Sortino Ratio Rank: 64
NUDM Omega Ratio Rank: 62
NUDM Calmar Ratio Rank: 55
NUDM Martin Ratio Rank: 61

CIL

CIL Risk / Return Rank: 93
CIL Sharpe Ratio Rank: 92
CIL Sortino Ratio Rank: 94
CIL Omega Ratio Rank: 96
CIL Calmar Ratio Rank: 87
CIL Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUDM vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG International Developed Markets Equity ETF (NUDM) and VictoryShares International Volatility Wtd ETF (CIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NUDM	CIL	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.51	-0.93
Sortino ratio: Return per unit of downside risk	2.23	3.80	-1.57
Omega ratio: Gain probability vs. loss probability	1.28	1.67	-0.39
Calmar ratio: Return relative to maximum drawdown	2.06	3.68	-1.62
Martin ratio: Return relative to average drawdown	7.74	18.39	-10.65

NUDM vs. CIL - Sharpe Ratio Comparison

The current NUDM Sharpe Ratio is 1.58, which is lower than the CIL Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of NUDM and CIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NUDM vs. CIL - Drawdown Comparison

The maximum NUDM drawdown since its inception was -32.01%, smaller than the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for NUDM and CIL.

Drawdown Indicators

	NUDM	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-36.27%	+4.26%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-4.60%	-7.90%
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	-11.29%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-30.09%	-29.89%	-0.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.27%	—
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	-6.76%	-6.47%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	1.03%	+2.30%

Volatility

NUDM vs. CIL - Volatility Comparison

Nuveen ESG International Developed Markets Equity ETF (NUDM) has a higher volatility of 4.56% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that NUDM's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUDM	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	0.00%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	2.31%	+11.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	6.77%	+9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	16.39%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	16.74%	+0.84%

NUDM vs. CIL - Expense Ratio Comparison

NUDM has a 0.30% expense ratio, which is lower than CIL's 0.45% expense ratio.

Dividends

NUDM vs. CIL - Dividend Comparison

NUDM's dividend yield for the trailing twelve months is around 6.66%, more than CIL's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.05%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
NUDM Nuveen ESG International Developed Markets Equity ETF	6.66%	7.46%	3.33%	3.14%	1.98%	4.31%	1.47%	3.42%	2.45%	0.47%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUDM and CIL in my portfolio?

NUDM and CIL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUDM or CIL?

NUDM has higher volatility (4.56%) compared to CIL (0.00%). In terms of maximum drawdown, NUDM dropped -32.01% vs CIL's -36.27%.

Which ETF is better, NUDM or CIL?

On 5-year performance, NUDM leads with 8.93% vs 7.16% for CIL. On fees, NUDM is cheaper at 0.30% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUDM or CIL?

Over the 5-year period, NUDM has performed better with a 8.93% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUDM or CIL?

NUDM is cheaper with a 0.30% expense ratio, compared with 0.45% for CIL.

Which ETF pays a higher dividend yield, NUDM or CIL?

NUDM has the higher dividend yield at 6.66%, compared with 1.05% for CIL.

What is the main difference between NUDM and CIL?

NUDM tracks MSCI TIAA ESG International DM, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: Nuveen and Crestview. Their fees differ too: 0.30% for NUDM and 0.45% for CIL.

Which has better risk-adjusted returns?

CIL currently has the higher Sharpe Ratio (2.51 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.