NURE vs. NUDM

Last updated Jun 5, 2026

NURE (Nuveen Short-Term REIT ETF) and NUDM (Nuveen ESG International Developed Markets Equity ETF) are both exchange-traded funds - NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index, while NUDM is a Foreign Large Cap Equities fund tracking the MSCI TIAA ESG International DM. Both are passively managed. Over the past 5 years, NURE returned 2.02%/yr vs 8.14%/yr for NUDM. At a 0.47 correlation, their price movements are largely independent. NURE charges 0.35%/yr vs 0.30%/yr for NUDM.

Performance

NURE vs. NUDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) and Nuveen ESG International Developed Markets Equity ETF (NUDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NURE achieves a 13.59% return, which is significantly higher than NUDM's 8.73% return.

NURE

• 1D: 2.34%
• 1M: 5.22%
• YTD: 13.59%
• 6M: 16.03%
• 1Y: 10.17%
• 3Y*: 5.79%
• 5Y*: 2.02%
• 10Y*: —

NUDM

• 1D: 0.77%
• 1M: 3.41%
• YTD: 8.73%
• 6M: 10.27%
• 1Y: 21.93%
• 3Y*: 16.41%
• 5Y*: 8.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NURE vs. NUDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NURE Nuveen Short-Term REIT ETF	13.59%	-7.51%	6.65%	13.09%	-28.48%	53.41%	-7.24%	25.10%	0.02%	2.64%
NUDM Nuveen ESG International Developed Markets Equity ETF	8.73%	29.60%	5.47%	17.70%	-15.16%	10.62%	10.06%	24.58%	-14.82%	8.40%

Correlation

The correlation between NURE and NUDM is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017	0.47

The correlation between NURE and NUDM has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

NURE vs. NUDM - Sectors Allocation Comparison

Sectors	NURE	NUDM
Real Estate	100.0%	2.3%
Basic Materials	-	5.4%
Communication Services	-	4.5%
Consumer Cyclical	-	6.0%
Consumer Defensive	-	7.4%
Energy	-	0.7%
Financial Services	-	25.9%
Healthcare	-	10.8%
Industrials	-	21.2%
Technology	-	12.1%
Utilities	-	3.8%

Return for Risk

NURE vs. NUDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NURE

NURE Risk / Return Rank: 21
NURE Sharpe Ratio Rank: 19
NURE Sortino Ratio Rank: 20
NURE Omega Ratio Rank: 19
NURE Calmar Ratio Rank: 24
NURE Martin Ratio Rank: 20

NUDM

NUDM Risk / Return Rank: 39
NUDM Sharpe Ratio Rank: 40
NUDM Sortino Ratio Rank: 40
NUDM Omega Ratio Rank: 39
NUDM Calmar Ratio Rank: 36
NUDM Martin Ratio Rank: 42

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.

NURE vs. NUDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Nuveen ESG International Developed Markets Equity ETF (NUDM). 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.

	NURE	NUDM	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.40	-0.76
Sortino ratio: Return per unit of downside risk	1.03	2.00	-0.97
Omega ratio: Gain probability vs. loss probability	1.12	1.25	-0.13
Calmar ratio: Return relative to maximum drawdown	1.12	1.76	-0.64
Martin ratio: Return relative to average drawdown	2.32	6.59	-4.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NURE vs. NUDM - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 0.64, which is lower than the NUDM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of NURE and NUDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NURE	NUDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.40	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.49	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.48	-0.21

Drawdowns

NURE vs. NUDM - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than NUDM's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for NURE and NUDM.

Drawdown Indicators

	NURE	NUDM	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-32.01%	-14.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-12.50%	+3.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-13.47%	-7.56%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-30.09%	-5.89%
Current Drawdown Current decline from peak	-10.45%	-0.96%	-9.49%
Average Drawdown Average peak-to-trough decline	-12.30%	-6.86%	-5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	3.34%	+1.05%

Volatility

NURE vs. NUDM - Volatility Comparison

The current volatility for Nuveen Short-Term REIT ETF (NURE) is 4.58%, while Nuveen ESG International Developed Markets Equity ETF (NUDM) has a volatility of 5.09%. This indicates that NURE experiences smaller price fluctuations and is considered to be less risky than NUDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NURE	NUDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	5.09%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	13.04%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	15.73%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	16.64%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	17.59%	+4.22%

NURE vs. NUDM - Expense Ratio Comparison

NURE has a 0.35% expense ratio, which is higher than NUDM's 0.30% expense ratio.

Dividends

NURE vs. NUDM - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.38%, less than NUDM's 6.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NUDM Nuveen ESG International Developed Markets Equity ETF	6.86%	7.46%	3.33%	3.14%	1.98%	4.31%	1.47%	3.42%	2.45%	0.47%	0.00%
NURE Nuveen Short-Term REIT ETF	4.38%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%

Frequently Asked Questions

Can I hold both NURE and NUDM in my portfolio?

NURE and NUDM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NURE or NUDM?

NUDM has higher volatility (5.09%) compared to NURE (4.58%). In terms of maximum drawdown, NURE dropped -46.05% vs NUDM's -32.01%.

Which ETF is better, NURE or NUDM?

On 5-year performance, NUDM leads with 8.14% vs 2.02% for NURE. On fees, NUDM is cheaper at 0.30% per year. On volatility, NURE has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NURE or NUDM?

Over the 5-year period, NUDM has performed better with a 8.14% return vs 2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NURE or NUDM?

NUDM is cheaper with a 0.30% expense ratio, compared with 0.35% for NURE.

Which ETF pays a higher dividend yield, NURE or NUDM?

NUDM has the higher dividend yield at 6.86%, compared with 4.38% for NURE.

What is the main difference between NURE and NUDM?

NURE is categorized as REIT, while NUDM is Foreign Large Cap Equities. NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while NUDM tracks MSCI TIAA ESG International DM. Their fees differ too: 0.35% for NURE and 0.30% for NUDM.

Which has better risk-adjusted returns?

NUDM currently has the higher Sharpe Ratio (1.40 vs 0.64), 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.