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NUDM vs. NDVG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NUDM vs. NDVG

Last updated Jun 4, 2026

NUDM (Nuveen ESG International Developed Markets Equity ETF) and NDVG (Nuveen Dividend Growth ETF) are both exchange-traded funds - NUDM is a Foreign Large Cap Equities fund tracking the MSCI TIAA ESG International DM, while NDVG is a Large Cap Growth Equities fund actively managed by Nuveen. NUDM is passively managed, while NDVG is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. NUDM charges 0.30%/yr vs 0.64%/yr for NDVG.

Performance

NUDM vs. NDVG - Performance Comparison

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

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Returns By Period

NUDM

1D
-0.62%
1M
4.14%
YTD
7.90%
6M
9.70%
1Y
21.49%
3Y*
16.01%
5Y*
7.98%
10Y*
—

NDVG

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NUDM vs. NDVG - Yearly Performance Comparison

2026 (YTD)20252024202320222021
NUDM
Nuveen ESG International Developed Markets Equity ETF		7.90%29.60%5.47%17.70%-15.16%-0.32%
NDVG
Nuveen Dividend Growth ETF		-1.62%10.06%17.60%15.15%-9.55%11.07%

Correlation

The correlation between NUDM and NDVG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2021

0.71

The correlation between NUDM and NDVG has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

NUDM vs. NDVG - Sectors Allocation Comparison

Sectors
NUDM
NDVG

Financial Services

25.9%
14.7%

Industrials

21.2%
10.2%

Technology

12.1%
28.9%

Healthcare

10.8%
9.8%

Consumer Defensive

7.4%
7.7%

Consumer Cyclical

6.0%
9.7%

Basic Materials

5.4%
2.2%

Communication Services

4.5%
2.7%

Utilities

3.8%
5.1%

Real Estate

2.3%
3.9%

Energy

0.7%
5.3%

Financial Services

NUDM
25.9%
NDVG
14.7%

Industrials

NUDM
21.2%
NDVG
10.2%

Technology

NUDM
12.1%
NDVG
28.9%

Healthcare

NUDM
10.8%
NDVG
9.8%

Consumer Defensive

NUDM
7.4%
NDVG
7.7%

Consumer Cyclical

NUDM
6.0%
NDVG
9.7%

Basic Materials

NUDM
5.4%
NDVG
2.2%

Communication Services

NUDM
4.5%
NDVG
2.7%

Utilities

NUDM
3.8%
NDVG
5.1%

Real Estate

NUDM
2.3%
NDVG
3.9%

Energy

NUDM
0.7%
NDVG
5.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nuveen ESG International Developed Markets Equity ETF

Nuveen Dividend Growth ETF

Often compared with NUDM:
NUDM vs. VXUSNUDM vs. SPDWNUDM vs. SCHFNUDM vs. ESGDNUDM vs. VFIAXNUDM vs. SWISXNUDM vs. SPY
Often compared with NDVG:
NDVG vs. IGRONDVG vs. JEPQNDVG vs. QOWZNDVG vs. DGRONDVG vs. DGRWNDVG vs. VUGNDVG vs. BDGS

Return for Risk

NUDM vs. NDVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NUDM
NUDM Risk / Return Rank: 3838
Overall Rank
NUDM Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
NUDM Sortino Ratio Rank: 3838
Sortino Ratio Rank
NUDM Omega Ratio Rank: 3737
Omega Ratio Rank
NUDM Calmar Ratio Rank: 3535
Calmar Ratio Rank
NUDM Martin Ratio Rank: 4141
Martin Ratio Rank
NDVG
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUDM vs. NDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG International Developed Markets Equity ETF (NUDM) and Nuveen Dividend Growth ETF (NDVG). 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.

NUDMNDVGDifference
Sharpe ratioReturn per unit of total volatility
1.37

—

—

Sortino ratioReturn per unit of downside risk
1.96

—

—

Omega ratioGain probability vs. loss probability

1.25

—

—

Calmar ratioReturn relative to maximum drawdown

1.73

—

—

Martin ratioReturn relative to average drawdown

6.46

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUDM vs. NDVG - Sharpe Ratio Comparison

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Sharpe Ratios by Period

NUDMNDVGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

—

—

Drawdowns

NUDM vs. NDVG - Drawdown Comparison

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Drawdown Indicators

NUDMNDVGDifference

Max Drawdown

Largest peak-to-trough decline

-32.01%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-12.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-13.47%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-30.09%

—

—

Current Drawdown

Current decline from peak

-1.71%

—

—

Average Drawdown

Average peak-to-trough decline

-6.86%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.34%

—

—

Volatility

NUDM vs. NDVG - Volatility Comparison

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Volatility by Period

NUDMNDVGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.22%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.03%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.64%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.59%

—

—

NUDM vs. NDVG - Expense Ratio Comparison

NUDM has a 0.30% expense ratio, which is lower than NDVG's 0.64% expense ratio.

Dividends

NUDM vs. NDVG - Dividend Comparison

NUDM's dividend yield for the trailing twelve months is around 6.92%, more than NDVG's 4.41% yield.

PositionTTM202520242023202220212020201920182017
NDVG
Nuveen Dividend Growth ETF		4.41%1.05%1.20%1.24%1.34%0.57%0.00%0.00%0.00%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 NDVG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, NUDM is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

NUDM is cheaper with a 0.30% expense ratio, compared with 0.64% for NDVG.

NUDM has the higher dividend yield at 6.92%, compared with 4.41% for NDVG.

NUDM is categorized as Foreign Large Cap Equities, while NDVG is Large Cap Growth Equities. Their fees differ too: 0.30% for NUDM and 0.64% for NDVG.

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