DMXF vs NUDM: Grades, Fees and Holdings Compared

iShares ESG Advanced MSCI EAFE ETF

DMXFANasdaq

Nuveen ESG International Developed Markets Equity

NUDMBCboe

Overlap

36.5%by weight

Expense ratio

DMXF −0.15pt a year

DMXF0.12%NUDM0.27%

Avg volume · 30D

NUDM 1.4×the volume

DMXF75.7KNUDM105K

5Y return · a year

NUDM +1.3pt

DMXF+6.7%NUDM+8.0%

DMXF vs NUDM Performance

Oct 29, 2021 – Oct 30, 2026

+38.6%DMXF+46.9%NUDM

Expense ratio: DMXF 0.12%, better; NUDM 0.27%
Fund size: DMXF $1.04B; NUDM $889M
1Y total return: DMXF +14.0%, better; NUDM +10.5%
Yield (12M): DMXF 4.22%; NUDM 6.90%, better
Holdings: DMXF 408; NUDM 156
Avg volume (30D): DMXF 75.7K sh; NUDM 105K sh, better
NAV per share: DMXF $83.48; NUDM $39.18
52W range

ETF.net Grade

Pillar letters and Scores for DMXF, NUDM, with each pillar’s weight
Pillar	DMXF	NUDM
Cost30% weight	A88Higher	C41
Mission25% weight	A100	A100
Risk15% weight	D36	C44Higher
Tradability15% weight	A74Higher	B61
Holdings10% weight	C45Higher	D36
Durability5% weight	A76Higher	A74

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. DMXF and NUDM are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

DMXF ranks 3rd and NUDM 7th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 72
Rank 7BAVSDAvantis Responsible International Equity ETFScore 60
Rank 7BNUDMNuveen ESG International Developed Markets EquityScore 60
Rank 9BCVIECalvert International Responsible Index ETFScore 59

Our read on each fund

ETF.net Research

DMXFAiShares ESG Advanced MSCI EAFE ETF

NUDMBNuveen ESG International Developed Markets Equity

In short

DMXF The strict one. Where iShares' ESG Aware EAFE fund screens five controversial businesses, DMXF screens fourteen, including the whole energy sector, and charges less than its lighter-screened sibling to do it.

NUDM Most developed-market index funds own the whole market. NUDM runs the same neighborhood (Europe, Japan, Australia, everything ex-US and ex-Canada) through a TIAA-built ESG screen, landing on roughly 160 names instead of thousands.

Stated mandate

DMXF The fund seeks to track an index of developed-market equities outside the United States and Canada, while incorporating positive environmental, social, and governance characteristics.

NUDM The fund seeks to track, before fees and expenses, the TIAA ESG International Developed Markets Equity Index. That index uses listed equities from developed-market countries outside the United States and Canada and applies ESG criteria.

Why people hold it

DMXF 0.12% a year, roughly half the typical fee among international ESG funds, and cheaper than the softer-screened iShares sibling ESGD at 0.20%.ishares.com
Fourteen business-involvement screens: fossil fuels, nuclear power and weapons, GMOs, palm oil, for-profit prisons, predatory lending, gambling, tobacco and more.ishares.com
The fossil fuel screen is categorical, not cosmetic: the index drops the entire GICS energy sector plus companies with industry ties such as thermal coal.blackrock.com
Sticks tightly to its MSCI EAFE Choice ESG Screened index, one of the stronger implementations among international ESG funds.

NUDM ESG is in the contract, not the brochure: the stated mandate is to track a TIAA ESG index of developed-market stocks outside the US and Canada.
A straight index wrapper. No manager discretion and no wandering from the mission: it holds the ESG index it says it holds.
Trading since 2017, so it carries a multi-year record through real markets rather than a backtest.
Roughly 160 stocks, a short enough list that you can read the holdings and see what the screen kept in.

Worth knowing

DMXF Deep exclusions mean real drift from plain EAFE. Sibling ESGD is built to keep risk and return close to the parent index; DMXF is not.ishares.com ishares.com 2
About 400 stocks, a narrower slate than the unscreened parent index, so individual names and surviving sectors carry more weight.
Mid-sized and moderately traded rather than a category heavyweight, and distributions arrive once or twice a year rather than quarterly.

NUDM The screen carries a price: 0.27% a year, against 0.03% at VEA, SPDW and SCHF and 0.04% at IDEV for unscreened developed-market exposure.
Thinly traded next to the index giants, so spreads can run wider. Limit orders and mid-session trades matter more with a fund like this.
Cutting thousands of developed-market stocks down to about 160 means the mix, and the results, can look different from the plain broad benchmark in either direction.

Full DMXF profile⁠

Full NUDM profile⁠

DMXF vs NUDM Holdings

How DMXF and NUDM differ

Overlap by weight

36.5%

Shared holdings make up 64.5% of NUDM and 43.3% of DMXF.

Level by level

Holdings100 in both36.5%
Countryby domicile82.3%
Sector11 Sectors86.6%
Asset classEquity100%

Sector

Sector weights in DMXF and NUDM, widest gap first
Sector	More in DMXFMore in NUDM	DMXF	NUDM
Industrials	NUDM +5.5 points	14.9%	20.4%
Technology	DMXF +5.4 points	19.5%	14.1%
Financials	DMXF +4.5 points	33.2%	28.7%
Consumer Staples	NUDM +3.3 points	2.4%	5.7%
Utilities	NUDM +3.3 points	0.7%	4.0%
Real Estate	DMXF +1.3 points	2.7%	1.4%
Health Care	DMXF +1.3 points	11.1%	9.8%
Communication	DMXF +1.0 points	5.7%	4.7%
Energy	NUDM +0.7 points	0.0%	0.7%
Materials	NUDM +0.5 points	5.0%	5.5%
Consumer Discretionary	NUDM +0.1 points	4.7%	4.8%

Country, concentration and asset class

Country by domicile

Country weights in DMXF and NUDM, widest gap first
Country	More in DMXFMore in NUDM	DMXF	NUDM
Japan	DMXF +7.8 points	31.0%	23.2%
United Kingdom	NUDM +6.2 points	5.9%	12.1%
Netherlands	DMXF +4.1 points	10.8%	6.7%
Spain	NUDM +2.9 points	1.7%	4.6%
Norway	NUDM +2.7 points	0.0%	2.7%
Sweden	DMXF +2.3 points	4.5%	2.2%
Italy	NUDM +1.3 points	2.1%	3.4%
Hong Kong	DMXF +1.2 points	2.6%	1.4%
Other countries (15)	NUDM +2.3 points	41.5%	43.8%

Outside the US: DMXF 99% developed, 1% emerging. NUDM 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

DMXF22.3%
NUDM22.8%

Securities held

DMXF393
NUDM154

Asset class

DMXF: Equity
NUDM: Equity

Holdings

Only in DMXF293
In both100
Only in NUDM54

Only in DMXF

293 securities, 56.1% of DMXF by weight

Mitsubishi Ufj Financial Group2.19%
Advantest1.52%
Lair Liquide Societe Anonyme Pour1.18%
Dbs Group Holdings Ltd1.10%
Aia Group0.94%
Keyence0.87%
Spotify Technology0.81%
Investor Class B0.70%
Oversea-Chinese Banking0.70%
Infineon Technologies AG0.69%
Csl0.63%
Deutsche Boerse AG0.62%
Macquarie Group Ltd Def0.61%
Murata Manufacturing0.61%
Shin Etsu Chemical0.58%
Nintendo0.54%
Argenx0.53%
Lonza Group AG0.52%
Nordea Bank0.50%
Swiss Re AG0.49%
Kddi0.49%
Ferrari0.45%
Prosus NV Class N0.43%
Nokia0.41%
Galderma Group N AG0.40%
Softbank0.40%
Sandoz Group AG0.39%
MS&AD Insurance Group Holdings0.37%
Daiichi Life Group0.37%
United Overseas Bank0.36%
Assa Abloy B0.36%
Fujitsu0.36%
Asm International NV0.36%
Goodman Group Units0.35%
Sandvik0.35%
Legrand SA0.35%
Fujikura0.35%
Erste Group Bank AG0.35%
Alcon AG0.33%
Genmab0.32%
Japan Post Bank Ltd0.32%
Fanuc Corp0.32%
Ntt0.31%
Otsuka Holdings0.30%
Bank Leumi Le Israel0.30%
Swiss Life Holding AG0.30%
Renesas Electronics Corp0.29%
Prudential PLC0.29%
Nebius NV Class A0.29%
Tdk0.29%

Only in NUDM

54 securities, 35.3% of NUDM by weight

Siemens AG2.21%
National Australia Bank L1.81%
Iberdrola SA1.77%
Sony Group Corp1.69%
Bayer AG1.55%
Intesa Sanpaolo Spa1.52%
Unilever PLC1.43%
Danone SA1.33%
Gsk PLC1.28%
Nestle SA1.26%
National Grid PLC1.22%
Mitsubishi Electric Corp1.21%
Panasonic Holdings Corp1.18%
Bnp Paribas SA1.03%
Lloyds Banking Group PLC1.01%
Dbs Group Holdings Ltd0.88%
Bridgestone Corp0.87%
Toyota Motor Corp0.78%
Industria De Diseno Texti0.75%
Atlas0.70%
Acs Actividades De Constr0.66%
Sanofi0.64%
Neste Oyj0.63%
Telia Co Ab0.55%
Keppel Ltd0.52%
Nokia Oyj0.47%
Norsk Hydro Asa0.44%
Orsted A/S0.42%
Telenor Asa0.42%
Mitsubishi Chem Grp Corp0.41%
Aib Group PLC0.40%
Ebara Corp0.39%
J Sainsbury PLC0.37%
Koninklijke Ahold Delhaiz0.34%
Edp - Energias De Portuga0.32%
Yokogawa Electric Corp0.30%
Alstom SA0.29%
Syensqo SA0.28%
Evonik Industries AG0.28%
Italgas Spa0.25%
Dhl AG0.21%
Capitaland Ascendas Reit0.20%
Wilmar International Ltd0.18%
Icl Group Ltd0.15%
Verisure PLC0.14%
Prysmian Spa0.12%
Hennes & Mauritz Ab0.10%
Reckitt Benckiser Group P0.09%
Verbund AG0.07%
Wartsila Oyj Abp0.07%

Weight gaps

All 100 Holdings in both funds, largest gap first.

Holding weights in DMXF and NUDM, widest gap first
Holding	More in DMXFMore in NUDM	DMXF	NUDM
Asml Holding	DMXF +1.69 points	5.72%	4.03%
Recruit Holdings Ltd	DMXF +1.38 points	1.51%	0.13%
Assicurazioni Generali	NUDM +1.08 points	0.32%	1.40%
Dnb Bank	NUDM +1.05 points	0.26%	1.31%
3I Group Fund PLCIII.L	NUDM +0.98 points	0.29%	1.27%
Boc Hong Kong Holdings Ltd	NUDM +0.87 points	0.24%	1.11%
Vestas Wind Systems	NUDM +0.79 points	0.26%	1.05%
Brambles	NUDM +0.76 points	0.19%	0.95%
London Stock Exchange Group PLCLSEG.L	NUDM +0.75 points	0.53%	1.28%
Mizuho Financial Group	NUDM +0.73 points	1.07%	1.80%
Bank Hapoalim Bm	NUDM +0.70 points	0.25%	0.95%
Vat Group AG	NUDM +0.69 points	0.17%	0.86%
Givaudan SA	NUDM +0.66 points	0.42%	1.08%
Amadeus It Group	NUDM +0.62 points	0.25%	0.87%
Tokio Marine Holdings	DMXF +0.61 points	0.92%	0.31%
Sumitomo Mitsui Financial Group	NUDM +0.60 points	1.40%	2.00%
Komatsu	NUDM +0.59 points	0.32%	0.91%
Computershare Ltd	NUDM +0.58 points	0.15%	0.73%
Sgs SA	NUDM +0.58 points	0.20%	0.78%
Westpac Banking Corporation	DMXF +0.57 points	0.83%	0.26%
Haleon PLCHLN.L	NUDM +0.57 points	0.35%	0.92%
Boliden	NUDM +0.54 points	0.14%	0.68%
Nitto Denko	NUDM +0.53 points	0.14%	0.67%
Informa PLCINF.L	NUDM +0.52 points	0.14%	0.66%
Legal and General Group PLCLGEN.L	NUDM +0.52 points	0.20%	0.72%
Softbank Group Corp	NUDM +0.48 points	0.99%	1.47%
BunzlBNZL.L	NUDM +0.47 points	0.11%	0.58%
Chugai Pharmaceutical Ltd	NUDM +0.46 points	0.27%	0.73%
Ucb SA	NUDM +0.45 points	0.36%	0.81%
Astellas Pharma	NUDM +0.45 points	0.26%	0.71%
Sumitomo Metal Mining	NUDM +0.42 points	0.12%	0.54%
Asahi Kasei	NUDM +0.42 points	0.11%	0.53%
Smiths Group PLCSMIN.L	NUDM +0.41 points	0.10%	0.51%
Axa SA	NUDM +0.40 points	0.70%	1.10%
Hermes International	DMXF +0.40 points	0.47%	0.07%
Kuehne Und Nagel International AG	NUDM +0.39 points	0.13%	0.52%
Abb Ltd	NUDM +0.39 points	1.25%	1.64%
Oriental Land	NUDM +0.39 points	0.22%	0.61%
Allianz	NUDM +0.37 points	1.74%	2.11%
Yamaha Motor	NUDM +0.37 points	0.09%	0.46%
Schneider Electric	DMXF +0.34 points	1.36%	1.02%
Tokyo Electron	NUDM +0.33 points	1.25%	1.58%
Wolters Kluwer	NUDM +0.32 points	0.21%	0.53%
Bouygues SA	NUDM +0.31 points	0.09%	0.40%
Pearson PLCPSON.L	NUDM +0.30 points	0.08%	0.38%
Essilorluxottica SA	NUDM +0.31 points	0.56%	0.87%
Mowi	NUDM +0.29 points	0.10%	0.39%
Eiffage SA	NUDM +0.29 points	0.07%	0.35%
Sanrio	NUDM +0.28 points	0.07%	0.35%
Ing Groep	NUDM +0.28 points	0.85%	1.13%
Mitsui Kinzoku Limited Ltd	NUDM +0.27 points	0.06%	0.33%
Daiwa House Industry	NUDM +0.26 points	0.15%	0.41%
Grab Holdings Class AGRAB	NUDM +0.25 points	0.06%	0.31%
Dai Nippon Printing	NUDM +0.24 points	0.06%	0.30%
Hoya	DMXF +0.24 points	0.52%	0.28%
Mtr Corporation	NUDM +0.24 points	0.07%	0.31%
Sigma Healthcare	NUDM +0.23 points	0.09%	0.32%
Unibail Rodamco We Stapled Units	NUDM +0.23 points	0.10%	0.33%
Commonwealth Bank of Australia	NUDM +0.22 points	1.83%	2.05%
Universal Music Group	NUDM +0.22 points	0.19%	0.41%
Transurban Group Stapled Units	NUDM +0.21 points	0.28%	0.49%
Hong Kong Exchanges and Clearing	NUDM +0.20 points	0.40%	0.60%
Northern Star Resources Ltd	DMXF +0.19 points	0.22%	0.03%
Isuzu Motors	NUDM +0.19 points	0.06%	0.24%
Yokohama Financial Group	NUDM +0.19 points	0.09%	0.28%
Endeavour MiningEDV.L	NUDM +0.18 points	0.10%	0.28%
Compass Group PLCCPG.L	DMXF +0.18 points	0.54%	0.36%
Merck	DMXF +0.18 points	0.20%	0.03%
Sino Land Ltd	NUDM +0.17 points	0.06%	0.23%
Swire Pacific Ltd A	NUDM +0.17 points	0.05%	0.22%
Sika AG	DMXF +0.17 points	0.31%	0.14%
Kbc Groep	DMXF +0.16 points	0.28%	0.12%
Dieteren (D) SA	NUDM +0.15 points	0.04%	0.19%
Sun Hung Kai Properties Ltd	DMXF +0.15 points	0.18%	0.03%
Societe Generale SA	NUDM +0.14 points	0.40%	0.54%
Ayvens SA	NUDM +0.13 points	0.03%	0.16%
Antofagasta PLCANTO.L	DMXF +0.12 points	0.14%	0.02%
Nec	NUDM +0.12 points	0.35%	0.47%
Meridian Energy Ltd	NUDM +0.11 points	0.05%	0.16%
Pls Group Ltd	NUDM +0.12 points	0.05%	0.17%
Novartis AG	DMXF +0.11 points	2.78%	2.67%
Sompo Holdings	NUDM +0.10 points	0.34%	0.44%
Airtel Africa PLCAAF.L	NUDM +0.10 points	0.02%	0.12%
Caixabank SA	DMXF +0.09 points	0.41%	0.32%
Sap	NUDM +0.09 points	2.23%	2.32%
Jx Advanced Metals Corp	NUDM +0.07 points	0.10%	0.17%
Zurich Insurance Group AG	DMXF +0.08 points	1.05%	0.97%
Orkla	NUDM +0.07 points	0.07%	0.14%
Gecina SA	NUDM +0.07 points	0.02%	0.09%
Lynas Rare Earths	DMXF +0.06 points	0.07%	0.01%
Vonovia SE	DMXF +0.05 points	0.12%	0.07%
Shimizu	DMXF +0.04 points	0.06%	0.02%
Symrise AG	NUDM +0.02 points	0.13%	0.15%
Sekisui House	DMXF +0.02 points	0.12%	0.10%
Rakuten Group	DMXF +0.01 points	0.05%	0.04%
Relx PLCREL.L	NUDM +0.01 points	0.66%	0.67%
Telstra Group	DMXF +0.01 points	0.13%	0.12%
Kingfisher PLCKGF.L	NUDM +0.01 points	0.07%	0.08%
Land Securities Group Reit PLCLAND.L	Same weight	0.06%	0.06%
Henkel AG	Same weight	0.07%	0.07%

All 393 DMXF holdings⁠All 158 NUDM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DMXF vs NUDM Cost

Overpaying NUDM vs DMXF

$3,037

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DMXF 0.12%
$2,520
NUDM 0.27%
$5,557

Amount$10,000

Years30 years

Cost over time

DMXF 0.12%
NUDM 0.27%
Overpaying

Year by year

Year	DMXF	NUDM	Overpaying
10	$220	$491	$271
20	$859	$1,907	$1,048
30	$2,520	$5,557	$3,037

Expense ratio

0.12%DMXF, cheaper
0.27%NUDM

DMXF0.12%NUDM0.27%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

DMXF 2nd cheapest of 18 funds

NUDM 11th cheapest of 18 funds

DMXF vs NUDM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DMXF 4.22%; NUDM 6.90%, better
Payout (12M): DMXF $3.54; NUDM $2.70
Last payment: DMXF $1.03; NUDM $2.70
Ex-dividend: DMXF Jun 15, 2026; NUDM Dec 18, 2025
Paid on: DMXF Jun 18, 2026; NUDM Dec 19, 2025
Frequency: DMXF Twice a year; NUDM Annual

Distribution history

Per share, 2017 to 2026, same scale for both

DMXFTwice a year · 13 paymentsAll DMXF payments⁠

NUDMAnnual · 9 paymentsAll NUDM payments⁠

DMXF vs NUDM Risk

Fall from peak · 5 years

DMXF
NUDM

Risk facts

VolatilityStd dev, 3 years: DMXF 12.8%NUDM 12.5%, better
Return per unit of riskSharpe ratio, 3 years: DMXF 1.06NUDM 1.16, better
Worst fallMax drawdown, 5 years: DMXF −33.7%NUDM −30.1%, better
Market sensitivityBeta, 5 years: DMXF 0.86NUDM 0.94; Market = 1

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