NUEM vs. ESGE
Compare and contrast key facts about Nuveen ESG Emerging Markets Equity ETF (NUEM) and iShares ESG Aware MSCI EM ETF (ESGE).
NUEM and ESGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUEM is a passively managed fund by Nuveen that tracks the performance of the MSCI TIAA ESG Emerging Markets. It was launched on Jun 7, 2017. ESGE is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Focus Index. It was launched on Jun 28, 2016. Both NUEM and ESGE 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: NUEM or ESGE.
Correlation
The correlation between NUEM and ESGE is 0.90, 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.
Performance
NUEM vs. ESGE - Performance Comparison
Key characteristics
NUEM:
0.62
ESGE:
0.75
NUEM:
0.98
ESGE:
1.15
NUEM:
1.13
ESGE:
1.14
NUEM:
0.45
ESGE:
0.38
NUEM:
3.50
ESGE:
3.01
NUEM:
3.71%
ESGE:
3.99%
NUEM:
21.06%
ESGE:
15.89%
NUEM:
-39.48%
ESGE:
-41.07%
NUEM:
-17.91%
ESGE:
-20.85%
Returns By Period
In the year-to-date period, NUEM achieves a 8.50% return, which is significantly higher than ESGE's 7.80% return.
NUEM
8.50%
-2.00%
1.49%
10.55%
3.31%
N/A
ESGE
7.80%
-0.81%
2.33%
9.89%
1.22%
N/A
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NUEM vs. ESGE - Expense Ratio Comparison
NUEM has a 0.35% expense ratio, which is higher than ESGE's 0.25% expense ratio.
Risk-Adjusted Performance
NUEM vs. ESGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Emerging Markets Equity ETF (NUEM) and iShares ESG Aware MSCI EM ETF (ESGE). 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.
Dividends
NUEM vs. ESGE - Dividend Comparison
NUEM has not paid dividends to shareholders, while ESGE's dividend yield for the trailing twelve months is around 2.31%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
NUEM Nuveen ESG Emerging Markets Equity ETF | 0.00% | 2.37% | 1.90% | 2.44% | 1.26% | 1.98% | 2.05% | 0.62% | 0.00% |
ESGE iShares ESG Aware MSCI EM ETF | 2.31% | 2.65% | 2.68% | 2.66% | 1.31% | 2.59% | 2.18% | 1.86% | 0.27% |
Drawdowns
NUEM vs. ESGE - Drawdown Comparison
The maximum NUEM drawdown since its inception was -39.48%, roughly equal to the maximum ESGE drawdown of -41.07%. Use the drawdown chart below to compare losses from any high point for NUEM and ESGE. For additional features, visit the drawdowns tool.
Volatility
NUEM vs. ESGE - Volatility Comparison
Nuveen ESG Emerging Markets Equity ETF (NUEM) has a higher volatility of 5.52% compared to iShares ESG Aware MSCI EM ETF (ESGE) at 3.86%. This indicates that NUEM's price experiences larger fluctuations and is considered to be riskier than ESGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.