NUEM vs. SPY
Compare and contrast key facts about Nuveen ESG Emerging Markets Equity ETF (NUEM) and SPDR S&P 500 ETF (SPY).
NUEM and SPY 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. 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 NUEM 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: NUEM or SPY.
Correlation
The correlation between NUEM and SPY is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NUEM vs. SPY - Performance Comparison
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Key characteristics
NUEM:
0.41
SPY:
0.66
NUEM:
0.73
SPY:
1.08
NUEM:
1.10
SPY:
1.16
NUEM:
0.35
SPY:
0.72
NUEM:
1.62
SPY:
2.78
NUEM:
5.69%
SPY:
4.88%
NUEM:
22.93%
SPY:
20.26%
NUEM:
-39.48%
SPY:
-55.19%
NUEM:
-11.40%
SPY:
-2.99%
Returns By Period
In the year-to-date period, NUEM achieves a 6.72% return, which is significantly higher than SPY's 1.46% return.
NUEM
6.72%
9.51%
5.75%
9.25%
5.79%
8.42%
N/A
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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NUEM vs. SPY - Expense Ratio Comparison
NUEM has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NUEM vs. SPY — Risk-Adjusted Performance Rank
NUEM
SPY
NUEM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Emerging Markets Equity ETF (NUEM) 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
NUEM vs. SPY - Dividend Comparison
NUEM's dividend yield for the trailing twelve months is around 1.83%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUEM Nuveen ESG Emerging Markets Equity ETF | 1.83% | 1.95% | 2.37% | 1.90% | 2.45% | 1.26% | 1.98% | 2.05% | 0.62% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NUEM vs. SPY - Drawdown Comparison
The maximum NUEM drawdown since its inception was -39.48%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NUEM and SPY. For additional features, visit the drawdowns tool.
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Volatility
NUEM vs. SPY - Volatility Comparison
Nuveen ESG Emerging Markets Equity ETF (NUEM) has a higher volatility of 5.37% compared to SPDR S&P 500 ETF (SPY) at 4.66%. This indicates that NUEM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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