NUDM vs. FIDI
NUDM (Nuveen ESG International Developed Markets Equity ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - NUDM tracks the MSCI TIAA ESG International DM while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, NUDM returned 7.98%/yr vs 10.43%/yr for FIDI. Their correlation of 0.84 suggests significant overlap in exposure. NUDM charges 0.30%/yr vs 0.39%/yr for FIDI.
Performance
NUDM vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, NUDM achieves a 7.90% return, which is significantly lower than FIDI's 8.93% return.
NUDM
- 1D
- -0.62%
- 1M
- 4.14%
- YTD
- 7.90%
- 6M
- 9.70%
- 1Y
- 21.49%
- 3Y*
- 16.01%
- 5Y*
- 7.98%
- 10Y*
- —
FIDI
- 1D
- -0.57%
- 1M
- 0.38%
- YTD
- 8.93%
- 6M
- 12.21%
- 1Y
- 25.24%
- 3Y*
- 19.10%
- 5Y*
- 10.43%
- 10Y*
- —
NUDM vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NUDM Nuveen ESG International Developed Markets Equity ETF | 7.90% | 29.60% | 5.47% | 17.70% | -15.16% | 10.62% | 10.06% | 24.58% | -18.48% |
FIDI Fidelity International High Dividend ETF | 8.93% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -20.16% |
Correlation
The correlation between NUDM and FIDI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.84 |
The correlation between NUDM and FIDI has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
NUDM vs. FIDI — Risk / Return Rank
NUDM
FIDI
NUDM vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG International Developed Markets Equity ETF (NUDM) and Fidelity International High Dividend ETF (FIDI). 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.
| NUDM | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.65 | -1.92 |
| Martin ratioReturn relative to average drawdown | 6.46 | 13.04 | -6.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUDM | FIDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.19 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.71 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.31 | +0.17 |
Drawdowns
NUDM vs. FIDI - Drawdown Comparison
The maximum NUDM drawdown since its inception was -32.01%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for NUDM and FIDI.
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Drawdown Indicators
| NUDM | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -46.34% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -6.96% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -12.09% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -30.09% | -26.05% | -4.04% |
Current DrawdownCurrent decline from peak | -1.71% | -2.24% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -9.79% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 1.94% | +1.40% |
Volatility
NUDM vs. FIDI - Volatility Comparison
Nuveen ESG International Developed Markets Equity ETF (NUDM) has a higher volatility of 5.22% compared to Fidelity International High Dividend ETF (FIDI) at 3.09%. This indicates that NUDM's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUDM | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.09% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 9.00% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 11.60% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 14.84% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.73% | -1.14% |
NUDM vs. FIDI - Expense Ratio Comparison
NUDM has a 0.30% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
NUDM vs. FIDI - Dividend Comparison
NUDM's dividend yield for the trailing twelve months is around 6.92%, more than FIDI's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.13% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% |
NUDM Nuveen ESG International Developed Markets Equity ETF | 6.92% | 7.46% | 3.33% | 3.14% | 1.98% | 4.31% | 1.47% | 3.42% | 2.45% | 0.47% |
Frequently Asked Questions
NUDM and FIDI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUDM has higher volatility (5.22%) compared to FIDI (3.09%). In terms of maximum drawdown, NUDM dropped -32.01% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 10.43% vs 7.98% for NUDM. On fees, NUDM is cheaper at 0.30% per year. On volatility, FIDI has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 10.43% return vs 7.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUDM is cheaper with a 0.30% expense ratio, compared with 0.39% for FIDI.
NUDM has the higher dividend yield at 6.92%, compared with 4.13% for FIDI.
NUDM tracks MSCI TIAA ESG International DM, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: Nuveen and Fidelity. Their fees differ too: 0.30% for NUDM and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.19 vs 1.37), 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.
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