ESGD vs NUDM: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI EAFE ETF

ESGDANasdaq

Nuveen ESG International Developed Markets Equity

NUDMBCboe

Overlap

41.6%by weight

Expense ratio

ESGD −0.07pt a year

ESGD0.20%NUDM0.27%

Avg volume · 30D

ESGD 2.9×the volume

ESGD309KNUDM105K

5Y return · a year

ESGD +0.2pt

ESGD+8.2%NUDM+8.0%

ESGD vs NUDM Performance

Oct 29, 2021 – Oct 30, 2026

+48.2%ESGD+46.9%NUDM

Expense ratio: ESGD 0.20%, better; NUDM 0.27%
Fund size: ESGD $11.8B; NUDM $889M
1Y total return: ESGD +13.0%, better; NUDM +10.5%
Yield (12M): ESGD 3.33%; NUDM 6.90%, better
Holdings: ESGD 349; NUDM 156
Avg volume (30D): ESGD 309K sh, better; NUDM 105K sh
NAV per share: ESGD $102.56; NUDM $39.18
52W range

ETF.net Grade

Pillar letters and Scores for ESGD, NUDM, with each pillar’s weight
Pillar	ESGD	NUDM
Cost30% weight	B68Higher	C41
Mission25% weight	A100	A100
Risk15% weight	B55Higher	C44
Tradability15% weight	A91Higher	B61
Holdings10% weight	A77Higher	D36
Durability5% weight	A95Higher	A74

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. ESGD 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 ›

ESGD ranks 2nd 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 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

ESGDAiShares ESG Aware MSCI EAFE ETF

NUDMBNuveen ESG International Developed Markets Equity

In short

ESGD The plain-vanilla international index fund, ESG-screened. Roughly 400 developed-market stocks from outside the US and Canada, tracking an MSCI EAFE ESG Focus index since 2016, for 0.20% a year.

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

ESGD The fund seeks to track an index of international developed-market stocks outside the United States and Canada that have positive aggregate 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

ESGD Costs 0.20% a year, below the typical fee in its international ESG peer group.
Roughly 400 stocks spanning developed markets outside the US and Canada: broad-market coverage, not a narrow thematic bet.ishares.com
Tracks the MSCI EAFE Extended ESG Focus Index, keeping the familiar developed-markets shape while tilting toward companies with better aggregate ESG characteristics.ishares.com
A multi-billion-dollar fund trading since 2016, and one of the sturdier builds in its peer group.

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

ESGD Cheaper tickets exist on the same shelf: VSGX at 0.10%, iShares' own DMXF at 0.12%. The fee here buys scale, not the lowest sticker.
The ESG screen leaves holdings different from a plain EAFE fund, so results can drift from the unscreened index in either direction.
Moderately traded rather than one of the busiest tapes in the category, and distributions land once or twice a year rather than monthly.

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 ESGD profile⁠

Full NUDM profile⁠

ESGD vs NUDM Holdings

How ESGD and NUDM differ

Overlap by weight

41.6%

Shared holdings make up 89.9% of NUDM and 45.4% of ESGD.

Level by level

Holdings119 in both41.6%
Sector11 Sectors91.3%
Countryby domicile93.0%
Asset classEquity100%

Sector

Sector weights in ESGD and NUDM, widest gap first
Sector	More in ESGDMore in NUDM	ESGD	NUDM
Energy	ESGD +3.6 points	4.3%	0.7%
Technology	NUDM +3.1 points	11.0%	14.1%
Consumer Discretionary	ESGD +3.0 points	7.8%	4.8%
Financials	NUDM +2.3 points	26.4%	28.7%
Industrials	NUDM +1.8 points	18.6%	20.4%
Communication	NUDM +1.1 points	3.6%	4.7%
Consumer Staples	ESGD +1.0 points	6.7%	5.7%
Health Care	ESGD +0.8 points	10.6%	9.8%
Real Estate	ESGD +0.3 points	1.7%	1.4%
Utilities	NUDM +0.2 points	3.8%	4.0%
Materials	ESGD +0.1 points	5.6%	5.5%

Country, concentration and asset class

Country by domicile

Country weights in ESGD and NUDM, widest gap first
Country	More in ESGDMore in NUDM	ESGD	NUDM
United Kingdom	ESGD +2.3 points	14.4%	12.1%
Japan	ESGD +1.5 points	24.7%	23.2%
Norway	NUDM +1.3 points	1.4%	2.7%
Sweden	ESGD +1.3 points	3.5%	2.2%
Israel	NUDM +1.1 points	0.0%	1.1%
China	NUDM +1.1 points	0.0%	1.1%
Switzerland	ESGD +0.7 points	10.7%	10.0%
Netherlands	NUDM +0.6 points	6.1%	6.7%
Other countries (15)	NUDM +1.6 points	39.3%	40.9%

Outside the US: ESGD 100% developed, 0% emerging. NUDM 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

ESGD14.4%
NUDM22.8%

Securities held

ESGD332
NUDM154

Asset class

ESGD: Equity
NUDM: Equity

Holdings

Only in ESGD213
In both119
Only in NUDM35

Only in ESGD

213 securities, 53.9% of ESGD by weight

Hsbc Holdings PLC1.36%
Roche Ps Par AG1.33%
Shell1.21%
Astrazeneca PLC1.15%
Totalenergies0.95%
Bhp Group Ltd0.89%
Mitsubishi Ufj Financial Group0.86%
Itochu0.78%
Hitachi0.74%
Advantest0.72%
Dbs Group Holdings Ltd0.69%
Ubs Group AG0.63%
Rolls-Royce Holdings PLC0.57%
Banco Bilbao Vizcaya Argentaria0.57%
Aia Group0.56%
Bae Systems PLC0.55%
Novo Nordisk Class B0.53%
Lonza Group AG0.53%
Loreal SA0.53%
Kddi0.52%
Unicredit0.49%
Banco Santander0.47%
Diageo PLC0.46%
Takeda Pharmaceutical0.42%
Kioxia Holdings0.42%
Siemens Energy N AG0.41%
Lvmh0.41%
Telia Company0.40%
Bp PLC0.40%
Daiwa Securities Group Inc0.40%
Koninklijke Kpn NV0.39%
Barclays PLC0.38%
Mitsubishi0.38%
Sse PLC0.38%
Fast Retailing0.37%
Infineon Technologies AG0.37%
Anheuser-Busch Inbev SA0.37%
Alcon AG0.37%
Sandvik0.36%
Marubeni0.36%
Eneos Holdings0.36%
Swiss Re AG0.36%
Muenchener Rueckversicherungs-Gese0.35%
Airbus Group0.34%
Aviva PLC0.34%
Secom0.33%
Deutsche Boerse AG0.33%
Oversea-Chinese Banking0.32%
Deutsche Bank AG0.32%
Fanuc Corp0.32%

Only in NUDM

35 securities, 10.0% of NUDM by weight

Dbs Group Holdings Ltd0.88%
Atlas0.70%
Nitto Denko Corp0.67%
Neste Oyj0.63%
Telia Co Ab0.55%
Keppel Ltd0.52%
Nokia Oyj0.47%
Orsted A/S0.42%
Telenor Asa0.42%
Aib Group PLC0.40%
Bouygues SA0.40%
Pearson PLC0.38%
J Sainsbury PLC0.37%
Grab Holdings Ltd0.31%
Dai Nippon Printing Co Lt0.30%
Syensqo SA0.28%
Italgas Spa0.25%
Swire Pacific Ltd0.22%
Capitaland Ascendas Reit0.20%
D'ieteren Group0.19%
Wilmar International Ltd0.18%
Ayvens SA0.16%
Icl Group Ltd0.15%
Symrise AG0.15%
Verisure PLC0.14%
Airtel Africa PLC0.12%
Telstra Corp Ltd0.12%
Hennes & Mauritz Ab0.10%
Verbund AG0.07%
Wartsila Oyj Abp0.07%
Addtech Ab0.07%
Kerry Group PLC0.02%
Shimizu Corp0.02%
Lynas Rare Earths Ltd0.01%
Sony Financial Group Inc<0.01%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in ESGD and NUDM, widest gap first
Holding	More in ESGDMore in NUDM	ESGD	NUDM
National Australia Bank	NUDM +1.29 points	0.52%	1.81%
Bayer AG	NUDM +1.27 points	0.28%	1.55%
Mizuho Financial Group	NUDM +1.19 points	0.61%	1.80%
Sumitomo Mitsui Financial Group	NUDM +1.15 points	0.85%	2.00%
Dnb Bank	NUDM +1.12 points	0.19%	1.31%
Siemens N AG	NUDM +1.10 points	1.11%	2.21%
Allianz	NUDM +1.06 points	1.05%	2.11%
Novartis AG	NUDM +1.04 points	1.63%	2.67%
3I Group Fund PLCIII.L	NUDM +1.03 points	0.24%	1.27%
Asml Holding	NUDM +0.99 points	3.04%	4.03%
Sap	NUDM +0.99 points	1.33%	2.32%
Commonwealth Bank of Australia	NUDM +0.98 points	1.07%	2.05%
Assicurazioni Generali	NUDM +0.98 points	0.42%	1.40%
Danone SA	NUDM +0.97 points	0.36%	1.33%
Softbank Group Corp	NUDM +0.95 points	0.52%	1.47%
Mitsubishi Electric	NUDM +0.94 points	0.27%	1.21%
Iberdrola	NUDM +0.93 points	0.84%	1.77%
London Stock Exchange Group PLCLSEG.L	NUDM +0.92 points	0.36%	1.28%
Vestas Wind Systems	NUDM +0.87 points	0.18%	1.05%
Panasonic Holdings	NUDM +0.87 points	0.31%	1.18%
GlaxosmithklineGSK.L	NUDM +0.86 points	0.42%	1.28%
Tokyo Electron	NUDM +0.84 points	0.74%	1.58%
Sony Group	NUDM +0.83 points	0.86%	1.69%
Boc Hong Kong Holdings Ltd	NUDM +0.82 points	0.29%	1.11%
Haleon PLCHLN.L	NUDM +0.82 points	0.10%	0.92%
Komatsu	NUDM +0.72 points	0.19%	0.91%
Brambles	NUDM +0.71 points	0.24%	0.95%
Vat Group AG	NUDM +0.70 points	0.16%	0.86%
Abb Ltd	NUDM +0.70 points	0.94%	1.64%
Givaudan SA	NUDM +0.66 points	0.42%	1.08%
Sgs SA	NUDM +0.65 points	0.13%	0.78%
Recruit Holdings Ltd	ESGD +0.64 points	0.77%	0.13%
Unilever PLCULVR.L	NUDM +0.62 points	0.81%	1.43%
Lloyds Banking Group PLCLLOY.L	NUDM +0.61 points	0.40%	1.01%
Intesa Sanpaolo	NUDM +0.60 points	0.92%	1.52%
Ucb SA	NUDM +0.59 points	0.22%	0.81%
Essilorluxottica SA	NUDM +0.60 points	0.27%	0.87%
Chugai Pharmaceutical Ltd	NUDM +0.58 points	0.15%	0.73%
Bank Hapoalim Bm	NUDM +0.57 points	0.38%	0.95%
Legal and General Group PLCLGEN.L	NUDM +0.55 points	0.17%	0.72%
Amadeus It Group	NUDM +0.55 points	0.32%	0.87%
Astellas Pharma	NUDM +0.53 points	0.18%	0.71%
Acs Actividades De Construccion Y	NUDM +0.52 points	0.14%	0.66%
National Grid PLCNG.L	NUDM +0.52 points	0.70%	1.22%
Computershare Ltd	NUDM +0.50 points	0.23%	0.73%
Ing Groep	NUDM +0.50 points	0.63%	1.13%
Axa SA	NUDM +0.48 points	0.62%	1.10%
Industria De Diseno Textil SA	NUDM +0.47 points	0.28%	0.75%
BunzlBNZL.L	NUDM +0.47 points	0.11%	0.58%
Sumitomo Metal Mining	NUDM +0.43 points	0.11%	0.54%
Wolters Kluwer	NUDM +0.40 points	0.13%	0.53%
Informa PLCINF.L	NUDM +0.37 points	0.29%	0.66%
Norsk Hydro	NUDM +0.36 points	0.08%	0.44%
Bridgestone	NUDM +0.35 points	0.52%	0.87%
Bnp Paribas SA	NUDM +0.35 points	0.68%	1.03%
Boliden	NUDM +0.34 points	0.34%	0.68%
Schneider Electric	NUDM +0.33 points	0.69%	1.02%
Oriental Land	NUDM +0.33 points	0.28%	0.61%
Kuehne Und Nagel International AG	NUDM +0.33 points	0.19%	0.52%
Merck	ESGD +0.32 points	0.35%	0.03%
Ebara	NUDM +0.31 points	0.08%	0.39%
Daiwa House Industry	NUDM +0.31 points	0.10%	0.41%
Asahi Kasei	NUDM +0.31 points	0.22%	0.53%
Mitsubishi Chemical Group	NUDM +0.30 points	0.11%	0.41%
Henkel AG	ESGD +0.30 points	0.37%	0.07%
Universal Music Group	NUDM +0.30 points	0.11%	0.41%
Hong Kong Exchanges and Clearing	NUDM +0.28 points	0.32%	0.60%
Sompo Holdings	NUDM +0.27 points	0.17%	0.44%
Zurich Insurance Group AG	NUDM +0.26 points	0.71%	0.97%
Toyota Motor	ESGD +0.26 points	1.04%	0.78%
Relx PLCREL.L	NUDM +0.26 points	0.41%	0.67%
Mitsui Kinzoku Limited Ltd	NUDM +0.25 points	0.08%	0.33%
Sanrio	NUDM +0.24 points	0.11%	0.35%
Compass Group PLCCPG.L	NUDM +0.22 points	0.14%	0.36%
Societe Generale SA	NUDM +0.21 points	0.33%	0.54%
Nec	NUDM +0.19 points	0.28%	0.47%
Endeavour MiningEDV.L	NUDM +0.19 points	0.09%	0.28%
Alstom SA	NUDM +0.19 points	0.10%	0.29%
Tokio Marine Holdings	ESGD +0.19 points	0.50%	0.31%
Sigma Healthcare	NUDM +0.19 points	0.13%	0.32%
Yamaha Motor	NUDM +0.19 points	0.27%	0.46%
Sekisui House	ESGD +0.18 points	0.28%	0.10%
Westpac Banking Corporation	ESGD +0.18 points	0.44%	0.26%
Kbc Groep	ESGD +0.17 points	0.29%	0.12%
Sanofi SA	NUDM +0.17 points	0.47%	0.64%
Sika AG	ESGD +0.16 points	0.30%	0.14%
Mowi	NUDM +0.16 points	0.23%	0.39%
Evonik Industries AG	NUDM +0.16 points	0.12%	0.28%
Caixabank SA	ESGD +0.15 points	0.47%	0.32%
Hermes International	ESGD +0.15 points	0.22%	0.07%
Smiths Group PLCSMIN.L	NUDM +0.15 points	0.36%	0.51%
Yokogawa Electric	NUDM +0.15 points	0.15%	0.30%
Kingfisher PLCKGF.L	ESGD +0.14 points	0.22%	0.08%
Isuzu Motors	NUDM +0.14 points	0.10%	0.24%
Mtr Corporation	NUDM +0.14 points	0.17%	0.31%
Hoya	ESGD +0.13 points	0.41%	0.28%
Koninklijke Ahold Delhaize	NUDM +0.13 points	0.21%	0.34%
Eiffage SA	NUDM +0.13 points	0.23%	0.35%
Nestle SA	NUDM +0.11 points	1.15%	1.26%
Vonovia SE	ESGD +0.12 points	0.19%	0.07%

All 330 ESGD 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.

ESGD vs NUDM Cost

Overpaying NUDM vs ESGD

$1,402

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

ESGD 0.20%
$4,155
NUDM 0.27%
$5,557

Amount$10,000

Years30 years

Cost over time

ESGD 0.20%
NUDM 0.27%
Overpaying

Year by year

Year	ESGD	NUDM	Overpaying
10	$365	$491	$126
20	$1,421	$1,907	$486
30	$4,155	$5,557	$1,402

Expense ratio

0.20%ESGD, cheaper
0.27%NUDM

ESGD0.20%NUDM0.27%

0.10%0.95%

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

ESGD 6th cheapest of 18 funds

NUDM 11th cheapest of 18 funds

ESGD vs NUDM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESGD 3.33%; NUDM 6.90%, better
Payout (12M): ESGD $3.42; NUDM $2.70
Last payment: ESGD $1.63; NUDM $2.70
Ex-dividend: ESGD Jun 15, 2026; NUDM Dec 18, 2025
Paid on: ESGD Jun 18, 2026; NUDM Dec 19, 2025
Frequency: ESGD Twice a year; NUDM Annual

Distribution history

Per share, 2017 to 2026, same scale for both

ESGDTwice a year · 20 paymentsAll ESGD payments⁠

NUDMAnnual · 9 paymentsAll NUDM payments⁠

ESGD vs NUDM Risk

Fall from peak · 5 years

ESGD
NUDM

Risk facts

VolatilityStd dev, 3 years: ESGD 11.7%, betterNUDM 12.5%
Return per unit of riskSharpe ratio, 3 years: ESGD 1.18, betterNUDM 1.16
Worst fallMax drawdown, 5 years: ESGD −29.9%, betterNUDM −30.1%
Market sensitivityBeta, 5 years: ESGD 0.80NUDM 0.94; Market = 1

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