NUDM vs SPY
Nuveen ESG International Developed Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NUDM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.09% | |
| AUM | $739M | $821.1B | |
| Dividend Yield | 4.94% | 1.01% | |
| Holdings | 153 | 505 | |
| YTD Return | +11.98% | +12.22% | |
| 1Y Return | +19.05% | +20.83% | |
| 3Y Return (annualized) | +19.20% | +21.70% | |
| 5Y Return (annualized) | +9.28% | +12.98% | |
| Volatility (annualized) | 15.9% | 15.3% | |
| Max Drawdown | -32.0% | -56.5% | |
| Fund Family | Nuveen | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 6, 2017 | Jan 22, 1993 |
NUDM vs SPY Performance
Nuveen ESG International Developed Markets Equity ETF (NUDM) is a ETF from Nuveen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NUDM returned +19.05% while SPY returned +20.83%. Year to date, NUDM is up 11.98% versus a gain of 12.22% for SPY.
Over three years, NUDM compounded at +19.20% per year against +21.70% for SPY; over five years the annualized figures are +9.28% and +12.98% respectively. Across the full 9-year window we track, SPY has the edge at +8.79% annualized vs +8.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUDM has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.0% for NUDM and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NUDM charges 0.27% per year while SPY charges 0.09%. On a $10,000 position that is $27 vs $9 annually, a gap of $18 per year that compounds over a long holding period. On income, NUDM currently yields 4.94% against 1.01% for SPY.
Holdings Overlap
NUDM and SPY share 0 holdings out of 653 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NUDM or SPY?
NUDM has an expense ratio of 0.27% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, NUDM or SPY?
Over the past year NUDM returned +19.05% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), NUDM annualized +8.74% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NUDM or SPY?
NUDM has been the more volatile fund at 15.9% annualized versus 15.3% for SPY. Worst drawdown: NUDM -32.0% vs SPY -56.5%.
Should I hold both NUDM and SPY?
NUDM and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUDM and SPY?
NUDM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 653 unique securities.
Which pays a higher dividend, NUDM or SPY?
NUDM yields 4.94% while SPY yields 1.01%, so NUDM currently pays the higher dividend yield.
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