NUEM vs. EVLU
NUEM (Nuveen ESG Emerging Markets Equity ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - NUEM tracks the MSCI TIAA ESG Emerging Markets while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, NUEM returned 42.42% vs 72.04% for EVLU. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
NUEM vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, NUEM achieves a 19.14% return, which is significantly lower than EVLU's 34.01% return.
NUEM
- 1D
- -1.30%
- 1M
- 3.53%
- YTD
- 19.14%
- 6M
- 21.09%
- 1Y
- 42.42%
- 3Y*
- 19.13%
- 5Y*
- 5.39%
- 10Y*
- —
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUEM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NUEM Nuveen ESG Emerging Markets Equity ETF | 19.14% | 27.12% | 4.76% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between NUEM and EVLU is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.87 |
The correlation between NUEM and EVLU has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
NUEM vs. EVLU — Risk / Return Rank
NUEM
EVLU
NUEM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Emerging Markets Equity ETF (NUEM) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.
| NUEM | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.67 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 5.61 | -1.92 |
| Martin ratioReturn relative to average drawdown | 12.95 | 20.79 | -7.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUEM | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 3.80 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 2.23 | -1.82 |
Drawdowns
NUEM vs. EVLU - Drawdown Comparison
The maximum NUEM drawdown since its inception was -39.48%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for NUEM and EVLU.
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Drawdown Indicators
| NUEM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -17.17% | -22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -12.90% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.10% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -2.27% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -15.02% | -3.48% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 3.48% | -0.20% |
Volatility
NUEM vs. EVLU - Volatility Comparison
The current volatility for Nuveen ESG Emerging Markets Equity ETF (NUEM) is 6.76%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that NUEM experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUEM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 9.17% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 16.23% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.68% | 19.04% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 19.93% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 19.93% | +0.25% |
NUEM vs. EVLU - Expense Ratio Comparison
Both NUEM and EVLU have an expense ratio of 0.35%.
Dividends
NUEM vs. EVLU - Dividend Comparison
NUEM's dividend yield for the trailing twelve months is around 3.00%, less than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.88% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUEM Nuveen ESG Emerging Markets Equity ETF | 3.00% | 3.58% | 1.95% | 2.37% | 1.90% | 2.45% | 1.26% | 1.98% | 2.05% | 0.62% |
Frequently Asked Questions
NUEM and EVLU have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.17%) compared to NUEM (6.76%). In terms of maximum drawdown, NUEM dropped -39.48% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 42.42% for NUEM. Both ETFs have the same 0.35% expense ratio. On volatility, NUEM has been the lower-risk option at 6.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 72.04% return vs 42.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUEM and EVLU have the same expense ratio: 0.35% per year.
EVLU has the higher dividend yield at 3.88%, compared with 3.00% for NUEM.
NUEM tracks MSCI TIAA ESG Emerging Markets, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: Nuveen and iShares.
EVLU currently has the higher Sharpe Ratio (3.80 vs 2.28), 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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