NUDM vs PPIE
Nuveen ESG International Developed Markets Equity ETF vs Putnam PanAgora ESG International Equity ETF
Which is better, NUDM or PPIE?
Nearly the same fund. NUDM costs less.
NUDM has a lower expense ratio. PPIE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. NUDM is less concentrated, with 23.4% of the fund in its ten largest positions against 26.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NUDM | PPIE |
|---|---|---|
| Expense Ratio | 0.27%Best | 0.49% |
| AUM | $869M | $4M |
| Dividend Yield | 5.02% | 12.07% |
| Holdings | 188 | 142 |
| Volatility (annualized) | 13.1% | 12.1%Best |
| Max Drawdown | -13.5%Best | -13.6% |
| $10,000 over 3.4 years | $15,833 | $17,025Best |
| Top 10 Weight | 23.4%Best | 26.8% |
| Fund Family | Nuveen | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 6, 2017 | Jan 19, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 127 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. NUDM has data through Oct 14, 2026 and PPIE through Jun 9, 2026.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Jan 20, 2023 to Jun 9, 2026 (3.4 years).
Risk: Volatility and Drawdowns
NUDM has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.1% for PPIE. 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 -13.5% for NUDM and -13.6% for PPIE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NUDM charges 0.27% per year while PPIE charges 0.49%. On a $10,000 position that is $27 vs $49 annually, a gap of $22 per year that compounds over a long holding period. On income, NUDM currently yields 5.02% against 12.07% for PPIE.
Holdings Overlap
26.3% of NUDM's money is in holdings PPIE also owns. 26.4% of PPIE's money is in holdings NUDM also owns.
PPIE and NUDM share little of their money.
The two holdings books were reported 217 days apart, NUDM as of Oct 2, 2026 and PPIE as of Feb 27, 2026, so some of the difference between them is the time between the two reports rather than the funds.
31 positions in common, counted across the 155 positions we hold weights for in NUDM and 137 in PPIE, against full books of 188 and 142.
What only one of them owns
Our book lists 4 positions for PPIE that do not appear in our book for NUDM (4.8% of the fund), and 3 for NUDM that do not appear in PPIE (2.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NUDM | Weight in PPIE | Difference |
|---|---|---|---|
| ISP:MIIntesa Sanpaolo SpA Shs | 1.65% | 2.75% | 1.10% |
| 6758:JPSony Group Corp. | 1.60% | 2.80% | 1.20% |
| SIE:SGSiemens Ag | 2.32% | 1.65% | 0.67% |
| III:LN3I Group PLC | 1.30% | 2.10% | 0.80% |
| DANO:PADanone SA | 1.21% | 1.21% | 0.00% |
| NG:LNNational Grid Plc | 1.10% | 1.30% | 0.20% |
| ABBN:SMAbb Ltd.[Abbn] | 1.88% | 0.41% | 1.47% |
| INGA:ASING Groep N.V. | 1.23% | 1.03% | 0.20% |
| 8035:JPTokyo Electron Ltd | 2.00% | 0.24% | 1.76% |
| 6752:JPPanasonic Corp | 1.51% | 0.51% | 1.00% |
26.4% of PPIE is already inside NUDM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NUDM or PPIE?
NUDM has an expense ratio of 0.27% while PPIE charges 0.49%. NUDM is the cheaper option, by $22 a year on a $10,000 investment.
Which is riskier, NUDM or PPIE?
NUDM has been the more volatile fund at 13.1% annualized versus 12.1% for PPIE. Worst drawdown: NUDM -13.5% vs PPIE -13.6%.
Should I hold both NUDM and PPIE?
NUDM and PPIE have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between NUDM and PPIE?
26.4% of PPIE's money is in holdings NUDM also owns. 26.4% of PPIE's is in holdings NUDM also owns. They hold 31 positions in common, counted across the 155 positions we hold weights for in NUDM and 137 in PPIE.
Which pays a higher dividend, NUDM or PPIE?
NUDM yields 5.02% while PPIE yields 12.07%, so PPIE currently pays the higher dividend yield.
Is PPIE better than NUDM?
NUDM has a lower expense ratio. PPIE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. NUDM is less concentrated, with 23.4% of the fund in its ten largest positions against 26.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.