NUDM vs. IDHQ
NUDM (Nuveen ESG International Developed Markets Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - NUDM tracks the MSCI TIAA ESG International DM while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 5 years, NUDM returned 8.71%/yr vs 9.11%/yr for IDHQ. Their correlation of 0.83 suggests significant overlap in exposure. NUDM charges 0.30%/yr vs 0.29%/yr for IDHQ.
Performance
NUDM vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, NUDM achieves a 10.22% return, which is significantly lower than IDHQ's 23.96% return.
NUDM
- 1D
- -0.92%
- 1M
- 1.17%
- 6M
- 6.88%
- YTD
- 10.22%
- 1Y
- 22.51%
- 3Y*
- 15.98%
- 5Y*
- 8.71%
- 10Y*
- —
IDHQ
- 1D
- -1.06%
- 1M
- 3.48%
- 6M
- 17.70%
- YTD
- 23.96%
- 1Y
- 34.45%
- 3Y*
- 18.63%
- 5Y*
- 9.11%
- 10Y*
- 10.54%
NUDM vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUDM Nuveen ESG International Developed Markets Equity ETF | 10.22% | 29.60% | 5.47% | 17.70% | -15.16% | 10.62% | 10.06% | 24.58% | -14.82% | 8.40% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.96% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 9.51% |
Correlation
The correlation between NUDM and IDHQ is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | 0.83 |
The correlation between NUDM and IDHQ has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
NUDM vs. IDHQ — Risk / Return Rank
NUDM
IDHQ
NUDM vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG International Developed Markets Equity ETF (NUDM) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.58 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.73 | 10.14 | -3.41 |
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Drawdowns
NUDM vs. IDHQ - Drawdown Comparison
The maximum NUDM drawdown since its inception was -32.01%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for NUDM and IDHQ.
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Drawdown Indicators
| NUDM | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -73.84% | +41.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -13.44% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -14.07% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.09% | -33.54% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -1.50% | -2.57% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -21.09% | +14.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.41% | -0.06% |
Volatility
NUDM vs. IDHQ - Volatility Comparison
The current volatility for Nuveen ESG International Developed Markets Equity ETF (NUDM) is 4.86%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 7.92%. This indicates that NUDM experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUDM | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 7.92% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 18.93% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 20.78% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 17.85% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 17.97% | -0.38% |
NUDM vs. IDHQ - Expense Ratio Comparison
NUDM has a 0.30% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
NUDM vs. IDHQ - Dividend Comparison
NUDM's dividend yield for the trailing twelve months is around 6.77%, more than IDHQ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.04% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
NUDM Nuveen ESG International Developed Markets Equity ETF | 6.77% | 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
With a correlation of 0.90, NUDM and IDHQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IDHQ has higher volatility (7.92%) compared to NUDM (4.86%). In terms of maximum drawdown, NUDM dropped -32.01% vs IDHQ's -73.84%.
On 5-year performance, IDHQ leads with 9.11% vs 8.71% for NUDM. On fees, IDHQ is cheaper at 0.29% per year. On volatility, NUDM has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDHQ has performed better with a 9.11% return vs 8.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.30% for NUDM.
NUDM has the higher dividend yield at 6.77%, compared with 2.04% for IDHQ.
NUDM tracks MSCI TIAA ESG International DM, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Nuveen and Invesco. Their fees differ too: 0.30% for NUDM and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.67 vs 1.39), 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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