NUEM vs. FRDM
Compare and contrast key facts about Nuveen ESG Emerging Markets Equity ETF (NUEM) and Freedom 100 Emerging Markets ETF (FRDM).
NUEM and FRDM 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. FRDM is a passively managed fund by Freedom Funds that tracks the performance of the Life + Liberty Freedom 100 Emerging Markets Index. It was launched on May 22, 2019. Both NUEM and FRDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NUEM vs. FRDM - Performance Comparison
Loading graphics...
NUEM vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NUEM Nuveen ESG Emerging Markets Equity ETF | 3.26% | 27.12% | 9.73% | 8.57% | -19.74% | -1.08% | 24.09% | 14.73% |
FRDM Freedom 100 Emerging Markets ETF | 7.05% | 61.27% | 1.70% | 22.77% | -14.45% | 6.13% | 16.90% | 12.33% |
Returns By Period
In the year-to-date period, NUEM achieves a 3.26% return, which is significantly lower than FRDM's 7.05% return.
NUEM
- 1D
- 3.84%
- 1M
- -6.67%
- YTD
- 3.26%
- 6M
- 6.73%
- 1Y
- 30.23%
- 3Y*
- 13.98%
- 5Y*
- 3.28%
- 10Y*
- —
FRDM
- 1D
- 4.49%
- 1M
- -12.64%
- YTD
- 7.05%
- 6M
- 24.68%
- 1Y
- 59.74%
- 3Y*
- 26.32%
- 5Y*
- 12.99%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NUEM vs. FRDM - Expense Ratio Comparison
NUEM has a 0.35% expense ratio, which is lower than FRDM's 0.49% expense ratio.
Return for Risk
NUEM vs. FRDM — Risk / Return Rank
NUEM
FRDM
NUEM vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Emerging Markets Equity ETF (NUEM) and Freedom 100 Emerging Markets ETF (FRDM). 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 | FRDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.55 | -0.97 |
Sortino ratioReturn per unit of downside risk | 2.22 | 3.15 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.47 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.52 | -0.90 |
Martin ratioReturn relative to average drawdown | 9.22 | 14.69 | -5.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NUEM | FRDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.55 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.65 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.66 | -0.33 |
Correlation
The correlation between NUEM and FRDM is 0.80, 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.
Dividends
NUEM vs. FRDM - Dividend Comparison
NUEM's dividend yield for the trailing twelve months is around 3.47%, more than FRDM's 2.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUEM Nuveen ESG Emerging Markets Equity ETF | 3.47% | 3.58% | 1.95% | 2.37% | 1.90% | 2.45% | 1.26% | 1.98% | 2.05% | 0.62% |
FRDM Freedom 100 Emerging Markets ETF | 2.04% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% | 0.00% | 0.00% |
Drawdowns
NUEM vs. FRDM - Drawdown Comparison
The maximum NUEM drawdown since its inception was -39.48%, roughly equal to the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for NUEM and FRDM.
Loading graphics...
Drawdown Indicators
| NUEM | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -40.49% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -16.87% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -38.10% | -29.25% | -8.85% |
Current DrawdownCurrent decline from peak | -8.11% | -13.13% | +5.02% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -7.21% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 4.04% | -0.76% |
Volatility
NUEM vs. FRDM - Volatility Comparison
The current volatility for Nuveen ESG Emerging Markets Equity ETF (NUEM) is 9.97%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 13.19%. This indicates that NUEM experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NUEM | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 13.19% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 18.31% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 23.57% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.42% | 20.00% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 22.36% | -2.27% |