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NUEM vs. EINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NUEM vs. EINC

Last updated Jun 26, 2026

NUEM (Nuveen ESG Emerging Markets Equity ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - NUEM is a Emerging Markets Equities fund tracking the MSCI TIAA ESG Emerging Markets, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 5 years, NUEM returned 5.00%/yr vs 21.22%/yr for EINC. At a 0.31 correlation, their price movements are largely independent. NUEM charges 0.35%/yr vs 0.45%/yr for EINC.

Performance

NUEM vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Emerging Markets Equity ETF (NUEM) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NUEM achieves a 18.06% return, which is significantly lower than EINC's 26.86% return.

NUEM

1D
0.52%
1M
-0.36%
YTD
18.06%
6M
17.70%
1Y
31.23%
3Y*
18.96%
5Y*
5.00%
10Y*
—

EINC

1D
1.61%
1M
-1.34%
YTD
26.86%
6M
26.99%
1Y
30.33%
3Y*
29.92%
5Y*
21.22%
10Y*
12.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NUEM vs. EINC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NUEM
Nuveen ESG Emerging Markets Equity ETF		18.06%27.12%9.73%8.57%-19.74%-1.08%24.09%16.67%-17.26%18.50%
EINC
VanEck Energy Income ETF		26.86%7.11%42.79%15.55%19.18%38.05%-19.89%16.98%-19.85%1.46%

Correlation

The correlation between NUEM and EINC is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.09

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

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.31

The correlation between NUEM and EINC shifts across timeframes, from -0.09 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

NUEM vs. EINC - Sectors Allocation Comparison

Sectors
NUEM
EINC

Technology

36.5%

-

Financial Services

16.8%

-

Consumer Cyclical

11.2%

-

Industrials

11.1%
2.5%

Basic Materials

7.9%

-

Communication Services

7.6%

-

Energy

2.6%
99.4%

Healthcare

2.6%

-

Utilities

1.7%
0.6%

Consumer Defensive

1.5%

-

Real Estate

0.6%

-

Technology

NUEM
36.5%
EINC

-

Financial Services

NUEM
16.8%
EINC

-

Consumer Cyclical

NUEM
11.2%
EINC

-

Industrials

NUEM
11.1%
EINC
2.5%

Basic Materials

NUEM
7.9%
EINC

-

Communication Services

NUEM
7.6%
EINC

-

Energy

NUEM
2.6%
EINC
99.4%

Healthcare

NUEM
2.6%
EINC

-

Utilities

NUEM
1.7%
EINC
0.6%

Consumer Defensive

NUEM
1.5%
EINC

-

Real Estate

NUEM
0.6%
EINC

-

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 Emerging Markets Equity ETF

VanEck Energy Income ETF

Often compared with NUEM:
NUEM vs. ESGENUEM vs. VWONUEM vs. FRDMNUEM vs. SPYNUEM vs. SPMONUEM vs. VOONUEM vs. NPFI
Often compared with EINC:
EINC vs. XLEEINC vs. BIZDEINC vs. EMLPEINC vs. SMHEINC vs. IXCEINC vs. VPUEINC vs. ERY

Return for Risk

NUEM vs. EINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NUEM
NUEM Risk / Return Rank: 5555
Overall Rank
NUEM Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
NUEM Sortino Ratio Rank: 4848
Sortino Ratio Rank
NUEM Omega Ratio Rank: 5454
Omega Ratio Rank
NUEM Calmar Ratio Rank: 6363
Calmar Ratio Rank
NUEM Martin Ratio Rank: 5858
Martin Ratio Rank
EINC
EINC Risk / Return Rank: 7171
Overall Rank
EINC Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 6868
Sortino Ratio Rank
EINC Omega Ratio Rank: 6969
Omega Ratio Rank
EINC Calmar Ratio Rank: 8383
Calmar Ratio Rank
EINC Martin Ratio Rank: 6262
Martin Ratio Rank
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.

NUEM vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Emerging Markets Equity ETF (NUEM) and VanEck Energy Income ETF (EINC). 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.

NUEMEINCDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.01

-0.48

Sortino ratioReturn per unit of downside risk
2.12
2.71

-0.59

Omega ratioGain probability vs. loss probability

1.30

1.35

-0.05

Calmar ratioReturn relative to maximum drawdown

2.71

3.86

-1.15

Martin ratioReturn relative to average drawdown

9.11

9.71

-0.60

NUEM vs. EINC - Sharpe Ratio Comparison

The current NUEM Sharpe Ratio is 1.53, which is comparable to the EINC Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of NUEM and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NUEM vs. EINC - Drawdown Comparison

The maximum NUEM drawdown since its inception was -39.48%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for NUEM and EINC.

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Drawdown Indicators

NUEMEINCDifference

Max Drawdown

Largest peak-to-trough decline

-39.48%

-87.55%

+48.07%

Max Drawdown (1Y)

Largest decline over 1 year

-11.56%

-7.89%

-3.67%

Max Drawdown (3Y)

Largest decline over 3 years

-17.58%

-16.01%

-1.57%

Max Drawdown (5Y)

Largest decline over 5 years

-38.10%

-19.87%

-18.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-68.85%

—

Current Drawdown

Current decline from peak

-4.82%

-3.83%

-0.99%

Average Drawdown

Average peak-to-trough decline

-14.94%

-44.13%

+29.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

3.13%

+0.31%

Volatility

NUEM vs. EINC - Volatility Comparison

Nuveen ESG Emerging Markets Equity ETF (NUEM) has a higher volatility of 9.97% compared to VanEck Energy Income ETF (EINC) at 6.06%. This indicates that NUEM's price experiences larger fluctuations and is considered to be riskier than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NUEMEINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.97%

6.06%

+3.91%

Volatility (6M)

Calculated over the trailing 6-month period

18.42%

11.99%

+6.43%

Volatility (1Y)

Calculated over the trailing 1-year period

20.53%

15.16%

+5.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.14%

19.56%

+0.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.36%

25.43%

-5.07%

NUEM vs. EINC - Expense Ratio Comparison

NUEM has a 0.35% expense ratio, which is lower than EINC's 0.45% expense ratio.

Dividends

NUEM vs. EINC - Dividend Comparison

NUEM's dividend yield for the trailing twelve months is around 3.03%, less than EINC's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF		3.49%4.51%3.33%3.77%2.89%6.03%6.69%9.66%11.31%8.53%9.71%28.53%
NUEM
Nuveen ESG Emerging Markets Equity ETF		3.03%3.58%1.95%2.37%1.90%2.45%1.26%1.98%2.05%0.62%0.00%0.00%

Frequently Asked Questions

NUEM and EINC have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NUEM has higher volatility (9.97%) compared to EINC (6.06%). In terms of maximum drawdown, NUEM dropped -39.48% vs EINC's -87.55%.

On 5-year performance, EINC leads with 21.22% vs 5.00% for NUEM. On fees, NUEM is cheaper at 0.35% per year. On volatility, EINC has been the lower-risk option at 6.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EINC has performed better with a 21.22% return vs 5.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

NUEM is cheaper with a 0.35% expense ratio, compared with 0.45% for EINC.

EINC has the higher dividend yield at 3.49%, compared with 3.03% for NUEM.

NUEM is categorized as Emerging Markets Equities, while EINC is Energy Equities. NUEM tracks MSCI TIAA ESG Emerging Markets, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Nuveen and VanEck. Their fees differ too: 0.35% for NUEM and 0.45% for EINC.

EINC currently has the higher Sharpe Ratio (2.01 vs 1.53), 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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