Correlation
The correlation between NUDM and SPY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
NUDM vs. SPY
Compare and contrast key facts about Nuveen ESG International Developed Markets Equity ETF (NUDM) and SPDR S&P 500 ETF (SPY).
NUDM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUDM is a passively managed fund by Nuveen that tracks the performance of the MSCI TIAA ESG International DM. It was launched on Jun 7, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both NUDM and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUDM or SPY.
Performance
NUDM vs. SPY - Performance Comparison
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Key characteristics
NUDM:
0.85
SPY:
0.70
NUDM:
1.19
SPY:
1.02
NUDM:
1.16
SPY:
1.15
NUDM:
1.03
SPY:
0.68
NUDM:
3.12
SPY:
2.57
NUDM:
4.45%
SPY:
4.93%
NUDM:
17.36%
SPY:
20.42%
NUDM:
-32.01%
SPY:
-55.19%
NUDM:
-0.83%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NUDM achieves a 15.00% return, which is significantly higher than SPY's 0.87% return.
NUDM
15.00%
5.17%
11.80%
13.18%
11.06%
11.18%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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NUDM vs. SPY - Expense Ratio Comparison
NUDM has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NUDM vs. SPY — Risk-Adjusted Performance Rank
NUDM
SPY
NUDM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG International Developed Markets Equity ETF (NUDM) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
NUDM vs. SPY - Dividend Comparison
NUDM's dividend yield for the trailing twelve months is around 2.89%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUDM Nuveen ESG International Developed Markets Equity ETF | 2.89% | 3.33% | 3.14% | 1.98% | 4.31% | 1.47% | 3.42% | 2.45% | 0.47% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NUDM vs. SPY - Drawdown Comparison
The maximum NUDM drawdown since its inception was -32.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NUDM and SPY.
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Volatility
NUDM vs. SPY - Volatility Comparison
The current volatility for Nuveen ESG International Developed Markets Equity ETF (NUDM) is 3.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that NUDM experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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