NUDM vs VSGX: Grades, Fees and Holdings Compared

Nuveen ESG International Developed Markets Equity

NUDMBCboe

Vanguard ESG International Stock ETF

VSGXACboe

Overlap

17.4%by weight

Expense ratio

VSGX −0.17pt a year

NUDM0.27%VSGX0.10%

Avg volume · 30D

VSGX 1.6×the volume

NUDM105KVSGX166K

5Y return · a year

NUDM +0.6pt

NUDM+8.0%VSGX+7.4%

NUDM vs VSGX Performance

Oct 29, 2021 – Oct 30, 2026

+46.9%NUDM+43.0%VSGX

Expense ratio: NUDM 0.27%; VSGX 0.10%, better
Fund size: NUDM $889M; VSGX $6.7B
1Y total return: NUDM +10.5%; VSGX +14.4%, better
Yield (12M): NUDM 6.90%, better; VSGX 3.11%
Holdings: NUDM 156; VSGX 6667
Avg volume (30D): NUDM 105K sh; VSGX 166K sh, better
NAV per share: NUDM $39.18; VSGX $77.91
52W range

ETF.net Grade

Pillar letters and Scores for NUDM, VSGX, with each pillar’s weight
Pillar	NUDM	VSGX
Cost30% weight	C41	A100Higher
Mission25% weight	A100	A100
Risk15% weight	C44	C49Higher
Tradability15% weight	B61	B64Higher
Holdings10% weight	D36	B60Higher
Durability5% weight	A74	A92Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. NUDM and VSGX 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 ›

VSGX ranks 1st 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 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

NUDMBNuveen ESG International Developed Markets Equity

VSGXAVanguard ESG International Stock ETF

In short

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.

VSGX Most ex-US ESG funds stop at big developed-market names. VSGX casts a wider net: large, mid and small caps across developed and emerging markets, minus the industries its index screens out, for 0.10% a year.

Stated mandate

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.

VSGX The Fund seeks to track an index of large-, mid-, and small-capitalization stocks from developed and emerging markets outside the United States, subject to environmental, social, and corporate-governance screening.

Why people hold it

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.

VSGX 0.10% a year, well under half the typical fee in its international ESG peer group. Vanguard's usual move: undercut the room.
Reaches past the usual EAFE box, holding thousands of stocks across developed and emerging markets. EAFE-based rivals like ESGD and DMXF cover developed large and mid caps only.msci.com
The screen is FTSE's rulebook, not Vanguard's opinion: out go fossil fuel reserves, weapons, tobacco, alcohol, gambling, adult entertainment and nuclear power, plus conduct flags.ftserussell.com
What survives the screen stays market-cap weighted, with no factor tilts or manager stock picks. Distributions land quarterly.lseg.com

Worth knowing

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.

VSGX Cutting oil, gas, coal, nuclear and weapons names removes whole slices of the market, so results can drift from a plain ex-US index in either direction.ftserussell.com
Emerging markets, small caps and foreign currency all ride along, which can mean wider swings than a developed large-cap-only ex-US fund.
It de-selects rather than rewards: clearing the screen isn't the same as being a sustainability leader, and there's no carbon or Paris-alignment target.lseg.com

Full NUDM profile⁠

Full VSGX profile⁠

NUDM vs VSGX Holdings

How NUDM and VSGX differ

Overlap by weight

17.4%

Shared holdings make up 78.5% of NUDM and 18.1% of VSGX.

Level by level

Holdings113 in both17.4%
Countryby domicile56.9%
Sector11 Sectors80.9%
Asset classEquity100%

Sector

Sector weights in NUDM and VSGX, widest gap first
Sector	More in NUDMMore in VSGX	NUDM	VSGX
Technology	VSGX +14.0 points	14.1%	28.1%
Industrials	NUDM +12.2 points	20.4%	8.2%
Utilities	NUDM +3.4 points	4.0%	0.6%
Consumer Discretionary	VSGX +3.4 points	4.8%	8.2%
Real Estate	VSGX +1.3 points	1.4%	2.7%
Consumer Staples	NUDM +1.0 points	5.7%	4.7%
Health Care	NUDM +0.8 points	9.8%	9.0%
Energy	NUDM +0.6 points	0.7%	0.1%
Communication	NUDM +0.5 points	4.7%	4.2%
Materials	VSGX +0.5 points	5.5%	6.0%
Financials	NUDM +0.4 points	28.7%	28.3%

Country, concentration and asset class

Country by domicile

Country weights in NUDM and VSGX, widest gap first
Country	More in NUDMMore in VSGX	NUDM	VSGX
Taiwan	VSGX +12.4 points	0.0%	12.4%
South Korea	VSGX +8.0 points	0.0%	8.0%
Canada	VSGX +6.4 points	0.0%	6.4%
United Kingdom	NUDM +6.2 points	12.1%	5.9%
Japan	NUDM +6.1 points	23.2%	17.1%
China	VSGX +5.7 points	1.1%	6.8%
France	NUDM +5.4 points	8.3%	2.9%
Germany	NUDM +5.0 points	9.1%	4.1%
Other countries (30)	NUDM +9.7 points	46.2%	36.5%

Outside the US: NUDM 97% developed, 3% emerging. VSGX 61% developed, 39% emerging.

Concentration

Weight in the 10 largest Holdings

NUDM22.8%
VSGX18.1%

Securities held

NUDM154
VSGX6,625

Asset class

NUDM: Equity
VSGX: Equity

Holdings

Only in NUDM41
In both113
Only in VSGX6,512

Only in NUDM

41 securities, 21.4% of NUDM by weight

Siemens AG2.21%
Iberdrola SA1.77%
Abb Ltd1.64%
National Grid PLC1.22%
Mitsubishi Electric Corp1.21%
Schneider Electric SE1.02%
Komatsu Ltd0.91%
Dbs Group Holdings Ltd0.88%
Sgs SA0.78%
Atlas0.70%
Acs Actividades De Constr0.66%
Neste Oyj0.63%
Telia Co Ab0.55%
Sumitomo Metal Mining Co0.54%
Keppel Ltd0.52%
Smiths Group PLC0.51%
Nokia Oyj0.47%
Orsted A/S0.42%
Aib Group PLC0.40%
Bouygues SA0.40%
Ebara Corp0.39%
Eiffage SA0.35%
Mitsui Kinzoku Co Ltd0.33%
Edp - Energias De Portuga0.32%
Grab Holdings Ltd0.31%
Yokogawa Electric Corp0.30%
Syensqo SA0.28%
Italgas Spa0.25%
Capitaland Ascendas Reit0.20%
Wilmar International Ltd0.18%
Jx Advanced Metals Corp0.17%
Verisure PLC0.14%
Sika AG0.14%
Prysmian Spa0.12%
Hennes & Mauritz Ab0.10%
Vonovia SE0.07%
Verbund AG0.07%
Wartsila Oyj Abp0.07%
Addtech Ab0.07%
Kerry Group PLC0.02%
Shimizu Corp0.02%

Only in VSGX

6,512 securities, 81.6% of VSGX by weight

Taiwan Semiconductor Manufacturing Co Ltd5.79%
Samsung Electronics Co Ltd2.76%
SK hynix Inc2.26%
SLCMT11421.12%
Roche Holding AG0.89%
Royal Bank of Canada0.84%
Alibaba Group Holding Ltd0.78%
Mitsubishi UFJ Financial Group Inc0.77%
AstraZeneca PLC0.74%
MediaTek Inc0.69%
Banco Santander SA0.61%
Shopify Inc0.55%
Advantest Corp0.49%
Banco Bilbao Vizcaya Argentaria SA0.48%
UBS Group AG0.45%
Delta Electronics Inc0.41%
Kioxia Holdings Corp0.40%
UniCredit SpA0.40%
DBS Group Holdings Ltd0.37%
Novo Nordisk A/S0.37%
Bank of Montreal0.36%
Samsung Electronics-Pref0.35%
Bank of Nova Scotia/The0.34%
China Construction Bank Corp0.34%
Deutsche Telekom AG0.31%
Canadian Imperial Bank of Commerce0.31%
Hon Hai Precision Industry Co Ltd0.29%
AIA Group Ltd0.29%
Keyence Corp0.29%
Agnico Eagle Mines Ltd0.28%
Infineon Technologies AG0.27%
Murata Manufacturing Co Ltd0.26%
HDFC Bank Ltd0.26%
Fast Retailing Co Ltd0.25%
Barclays PLC0.25%
Oversea-Chinese Banking Corp Ltd0.24%
ANZ Group Holdings Ltd0.24%
Industrial & Commercial Bank of China Ltd0.24%
SK Square Co Ltd0.23%
ICICI Bank Ltd0.22%
ASE Technology Holding Co Ltd0.22%
NatWest Group PLC0.22%
Manulife Financial Corp0.22%
Investor AB0.21%
Shin-Etsu Chemical Co Ltd0.21%
L'Oreal SA0.19%
Nordea Bank Abp0.19%
Deutsche Bank AG0.19%
CSL Ltd0.19%
Samsung Electro-Mechanics Co Ltd0.19%

Weight gaps

The 100 widest of 113 Holdings in both funds.

Holding weights in NUDM and VSGX, widest gap first
Holding	More in NUDMMore in VSGX	NUDM	VSGX
Asml Holding NV	NUDM +1.93 points	4.03%	2.10%
Novartis AG	NUDM +1.86 points	2.67%	0.81%
Sap SE	NUDM +1.70 points	2.32%	0.62%
Allianz SE	NUDM +1.57 points	2.11%	0.54%
National Australia Bank L	NUDM +1.55 points	1.81%	0.26%
Commonwealth Bank of Aust	NUDM +1.52 points	2.05%	0.53%
Sumitomo Mitsui Financial	NUDM +1.52 points	2.00%	0.48%
Mizuho Financial Group In	NUDM +1.40 points	1.80%	0.40%
Bayer AG	NUDM +1.39 points	1.55%	0.16%
Sony Group Corp	NUDM +1.26 points	1.69%	0.43%
Generali	NUDM +1.26 points	1.40%	0.14%
Dnb Bank Asa	NUDM +1.23 points	1.31%	0.08%
Danone SA	NUDM +1.20 points	1.33%	0.13%
Intesa Sanpaolo Spa	NUDM +1.17 points	1.52%	0.35%
3I Group PLCIII.L	NUDM +1.17 points	1.27%	0.10%
London Stock Exchange GroLSEG.L	NUDM +1.13 points	1.28%	0.15%
Tokyo Electron Ltd	NUDM +1.08 points	1.58%	0.50%
Unilever PLCULVR.L	NUDM +1.04 points	1.43%	0.39%
Boc Hong Kong Holdings Lt	NUDM +1.04 points	1.11%	0.07%
Softbank Group Corp	NUDM +1.01 points	1.47%	0.46%
Gsk PLCGSK.L	NUDM +0.99 points	1.28%	0.29%
Givaudan SA	NUDM +0.99 points	1.08%	0.09%
Panasonic Holdings Corp	NUDM +0.98 points	1.18%	0.20%
Vestas Wind Systems A/S	NUDM +0.96 points	1.05%	0.09%
Brambles Ltd	NUDM +0.89 points	0.95%	0.06%
Axa SA	NUDM +0.86 points	1.10%	0.24%
Bank Hapoalim Bm	NUDM +0.85 points	0.95%	0.10%
Ing Groep NV	NUDM +0.82 points	1.13%	0.31%
Amadeus It Group SA	NUDM +0.79 points	0.87%	0.08%
Haleon PLCHLN.L	NUDM +0.80 points	0.92%	0.12%
Vat Group AG	NUDM +0.79 points	0.86%	0.07%
Bridgestone Corp	NUDM +0.79 points	0.87%	0.08%
Lloyds Banking Group PLCLLOY.L	NUDM +0.76 points	1.01%	0.25%
Ucb SA	NUDM +0.73 points	0.81%	0.08%
Essilorluxottica SA	NUDM +0.72 points	0.87%	0.15%
Bnp Paribas SA	NUDM +0.71 points	1.03%	0.32%
Computershare Ltd	NUDM +0.68 points	0.73%	0.05%
Zurich Insurance Group AG	NUDM +0.67 points	0.97%	0.30%
Chugai Pharmaceutical Co	NUDM +0.65 points	0.73%	0.08%
Legal & General Group PLCLGEN.L	NUDM +0.66 points	0.72%	0.06%
Boliden Ab	NUDM +0.64 points	0.68%	0.04%
Astellas Pharma Inc	NUDM +0.63 points	0.71%	0.08%
Nitto Denko Corp	NUDM +0.63 points	0.67%	0.04%
Informa PLCINF.L	NUDM +0.62 points	0.66%	0.04%
Nestle SA	NUDM +0.55 points	1.26%	0.71%
Oriental Land Co Ltd/Japa	NUDM +0.55 points	0.61%	0.06%
Industria De Diseno Texti	NUDM +0.54 points	0.75%	0.21%
Bunzl PLCBNZL.L	NUDM +0.55 points	0.58%	0.03%
Relx PLCREL.L	NUDM +0.49 points	0.67%	0.18%
Asahi Kasei Corp	NUDM +0.49 points	0.53%	0.04%
Kuehne & Nagel Internatio	NUDM +0.48 points	0.52%	0.04%
Wolters Kluwer NV	NUDM +0.48 points	0.53%	0.05%
Yamaha Motor Co Ltd	NUDM +0.43 points	0.46%	0.03%
Hong Kong Exchanges & Cle	NUDM +0.42 points	0.60%	0.18%
Transurban Group	NUDM +0.40 points	0.49%	0.09%
Norsk Hydro Asa	NUDM +0.41 points	0.44%	0.03%
Telenor Asa	NUDM +0.39 points	0.42%	0.03%
Mitsubishi Chem Grp Corp	NUDM +0.38 points	0.41%	0.03%
Societe Generale SA	NUDM +0.38 points	0.54%	0.16%
Sanofi	NUDM +0.37 points	0.64%	0.27%
Mowi Asa	NUDM +0.36 points	0.39%	0.03%
Daiwa House Industry Co L	NUDM +0.36 points	0.41%	0.05%
Universal Music Group NV	NUDM +0.36 points	0.41%	0.05%
Nec Corp	NUDM +0.36 points	0.47%	0.11%
Pearson PLCPSON.L	NUDM +0.35 points	0.38%	0.03%
J Sainsbury PLCSBRY.L	NUDM +0.34 points	0.37%	0.03%
Sompo Holdings Inc	NUDM +0.33 points	0.44%	0.11%
Sanrio Co Ltd	NUDM +0.33 points	0.35%	0.02%
Recruit Holdings Co Ltd	VSGX +0.31 points	0.13%	0.44%
Unibail-Rodamco-Westfield	NUDM +0.29 points	0.33%	0.04%
Sigma Healthcare Ltd	NUDM +0.29 points	0.32%	0.03%
Mtr Corp Ltd	NUDM +0.29 points	0.31%	0.02%
Dai Nippon Printing Co Lt	NUDM +0.28 points	0.30%	0.02%
Alstom SA	NUDM +0.27 points	0.29%	0.02%
Evonik Industries AG	NUDM +0.26 points	0.28%	0.02%
Endeavour Mining PLCEDV.L	NUDM +0.24 points	0.28%	0.04%
Koninklijke Ahold Delhaiz	NUDM +0.24 points	0.34%	0.10%
Yokohama Financial Group	NUDM +0.24 points	0.28%	0.04%
Isuzu Motors Ltd	NUDM +0.23 points	0.24%	0.02%
Sino Land Co Ltd	NUDM +0.21 points	0.23%	0.02%
Swire Pacific Ltd	NUDM +0.21 points	0.22%	<0.01%
Compass Group PLCCPG.L	NUDM +0.21 points	0.36%	0.15%
Toyota Motor Corp	NUDM +0.20 points	0.78%	0.58%
D'ieteren Group	NUDM +0.18 points	0.19%	0.01%
Caixabank SA	NUDM +0.16 points	0.32%	0.16%
Ayvens SA	NUDM +0.15 points	0.16%	0.01%
Meridian Energy Ltd	NUDM +0.15 points	0.16%	0.01%
Icl Group Ltd	NUDM +0.14 points	0.15%	0.01%
Pls Group Ltd	NUDM +0.14 points	0.17%	0.03%
Hoya Corp	NUDM +0.13 points	0.28%	0.15%
Orkla Asa	NUDM +0.12 points	0.14%	0.02%
Airtel Africa PLCAAF.L	NUDM +0.11 points	0.12%	<0.01%
Symrise AG	NUDM +0.11 points	0.15%	0.04%
Hermes International	VSGX +0.09 points	0.07%	0.16%
Gecina SA	NUDM +0.08 points	0.09%	0.01%
Telstra Corp Ltd	NUDM +0.08 points	0.12%	0.04%
Sekisui House Ltd	NUDM +0.06 points	0.10%	0.04%
Kingfisher PLCKGF.L	NUDM +0.06 points	0.08%	0.02%
Henkel AG & Co Kgaa	NUDM +0.05 points	0.07%	0.02%
Land Securities Group PLCLAND.L	NUDM +0.04 points	0.06%	0.02%

All 158 NUDM holdings⁠All 6,429 VSGX 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.

NUDM vs VSGX Cost

Overpaying NUDM vs VSGX

$3,451

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

NUDM 0.27%
$5,557
VSGX 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

NUDM 0.27%
VSGX 0.10%
Overpaying

Year by year

Year	NUDM	VSGX	Overpaying
10	$491	$183	$308
20	$1,907	$717	$1,190
30	$5,557	$2,106	$3,451

Expense ratio

0.27%NUDM
0.10%VSGX, cheaper

VSGX0.10%NUDM0.27%

0.10%0.95%

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

VSGX cheapest of 18 funds

NUDM 11th cheapest of 18 funds

NUDM vs VSGX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): NUDM 6.90%, better; VSGX 3.11%
Payout (12M): NUDM $2.70; VSGX $2.43
Last payment: NUDM $2.70; VSGX $0.47
Ex-dividend: NUDM Dec 18, 2025; VSGX Sep 18, 2026
Paid on: NUDM Dec 19, 2025; VSGX Sep 22, 2026
Frequency: NUDM Annual; VSGX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NUDMAnnual · 9 paymentsAll NUDM payments⁠

VSGXQuarterly · 31 paymentsAll VSGX payments⁠

NUDM vs VSGX Risk

Fall from peak · 5 years

NUDM
VSGX

Risk facts

VolatilityStd dev, 3 years: NUDM 12.5%, betterVSGX 12.8%
Return per unit of riskSharpe ratio, 3 years: NUDM 1.16VSGX 1.20, better
Worst fallMax drawdown, 5 years: NUDM −30.1%, betterVSGX −31.2%
Market sensitivityBeta, 5 years: NUDM 0.94VSGX 0.97; Market = 1

NUDM and VSGX in the news

All news⁠

ETF Filings
Calamos to liquidate its Giannis Antetokounmpo sustainable ETF
Sep 11, 2026VSGX

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NUDM vs VSGX

In short

Stated mandate

Why people hold it

Worth knowing

How NUDM and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NUDM

Only in VSGX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Calamos to liquidate its Giannis Antetokounmpo sustainable ETF

How NUDM and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NUDM

Only in VSGX

Weight gaps