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NUEMvsAAXJETF Comparison

ETF 1

NUEM

NuShares ESG Emerging Markets Equity ETF

This fund is part of

EM Large & Mid Cap

+1.6%

Full NUEM fund page

VS

ETF 2

AAXJ

iShares MSCI All Country Asia ex Japan ETF

This fund is part of

Global Blended Cap

+0.26%

Full AAXJ fund page

NuShares ESG Emerging Markets Equity ETF (NUEM) belongs to the EM Large & Mid Cap segment. iShares MSCI All Country Asia ex Japan ETF (AAXJ) is part of the Global Blended Cap segment. NUEM's top 3 sector exposures are Information Technology, Financials and Industrials. In contrast, AAXJ's top sector exposures are Information Technology, Financials and Consumer Discretionary. NUEM is less expensive with a Total Expense Ratio (TER) of 0.36%, versus 0.72% for AAXJ. NUEM is up 16.56% year-to-date (YTD) with +$8M in YTD flows. AAXJ performs better with 22.93% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of NUEM and AAXJ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NUEM vs AAXJ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NUEM AAXJ	-1.81%-1.96%	+14.88%+15.95%	+16.56%+22.93%	+34.56%+44.79%	+64.02%+80.49%	+29.25%+34.69%
Flows	NUEM AAXJ	--$241M	+$4M-$422M	+$8M+$24M	-$12M+$48M	+$17M-$637M	+$191M-$2.90B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NUEM AAXJ	+25.63%+29.49%	+18.07%+19.84%	+16.10%+17.41%	+16.68%+18.19%
Max drawdown	NUEM AAXJ	-6.50%-8.84%	-12.01%-13.32%	-15.73%-18.08%	-37.04%-40.48%
Max drawdown duration	NUEM AAXJ	21d7d	51d55d	244d241d	1485d1533d

Trading data

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	NUEM	AAXJ
Last sale 6/9/2026 at 7:59 PM	$40.53	$114.17
Previous close 06/09/2026	$40.52	$114.42
Consolidated volume 06/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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	NUEM	AAXJ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/9/2026 at 7:59 PM

Live

Closed

	NUEM	AAXJ
Last price	$40.53	$114.17
1D performance	+0.02%	-0.22%
AuM	$381.40 M	$3.82 B
E/R	0.36%	0.72%

Characteristics

	NUEM	AAXJ
Management strategy	Passive	Passive
Provider	Nuveen	iShares
Benchmark	MSCI TIAA ESG Emerging Markets Equity Index	MSCI AC Asia ex Japan Index
N° of holdings	100	832
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 7, 2017	August 13, 2008
ESG	Yes	No

More NUEM data on Trackinsight

More AAXJ data on Trackinsight

Exposure

Countries

NUEM

Taiwan

26.02%

Republic of Korea

17.05%

China

10.31%

Cayman Islands

9.1%

Other

37.52%

AAXJ

Taiwan

27.53%

Republic of Korea

21.1%

India

13.51%

Cayman Islands

13.34%

China

11.38%

Other

13.14%

Sectors

NUEM

Information Techn.

31.7%

Financials

14.94%

Other

53.36%

AAXJ

Information Techn.

41.46%

Financials

16.74%

Consumer Discreti.

9.64%

Industrials

7.38%

Other

24.78%

Diversification

NUEM

Total weight of top 15 holdings out of 15

42.2%

AAXJ

Total weight of top 15 holdings out of 15

43.48%

Top 15 holdings

Data as of April 30, 2026

NUEM

TWN SEMICONT MAN

15.97%

DELTA ELECTRONIC

3.13%

TENCENT HOLDINGS

2.99%

SAMSUNG SDI

2.35%

AVC

2.31%

SK SQUARE CO LTD

2.13%

CHINA CONSTRUCTION BANK

2.10%

INDUSTRIAL COMMERC BK CHINA

1.71%

UNITED MICRO

1.66%

PING AN

1.45%

DOOSAN ENERBILITY

1.35%

HDFC BANK

1.34%

CM BANK

1.26%

AGRICULTURAL BANK OF CHINA

1.26%

NETEASE INC

1.19%

AAXJ

TWN SEMICONT MAN

16.04%

SAMSUNG ELECTR

6.79%

SK HYNIX

4.57%

TENCENT HOLDINGS

3.69%

ALIBABA GROUP HOLDING LTD

2.67%

DELTA ELECTRONIC

1.29%

MEDIATEK INC

1.22%

AIA

1.09%

CHINA CONSTRUCTION BANK

1.04%

DBS GROUP HOLDINGS

0.93%

HDFC BANK

0.89%

RELIANCE INDUSTRIES

0.89%

HON HAI PRECISION INDUSTRY

0.84%

SAMSUNG ELEC-1P PRF

0.84%

US0669224778

0.70%

Frequently asked questions about NUEM and AAXJ

How have the NUEM and AAXJ ETFs performed in 2026?

As of June 9, 2026, NUEM is up 16.56% year-to-date (YTD), while AAXJ has returned 22.93%. That puts AAXJ better performer ahead so far this year.

Which ETF is attracting more investor money: NUEM or AAXJ?

Year-to-date, the NUEM ETF saw +$8M in flows, compared to +$24M for AAXJ.

Which ETF is more volatile: NUEM or AAXJ?

Over the past year, NUEM had a volatility of 18.07%, while AAXJ experienced 19.84%.

Which ETF is bigger: NUEM or AAXJ?

As of June 9, 2026, NUEM holds $381.40 M in assets under management (AUM), while AAXJ manages $3.82 B.

What sectors do the NUEM and AAXJ ETFs invest in?

NUEM leans toward sectors like Information Technology and Financials. Meanwhile, AAXJ focuses on Information Technology, Financials and Consumer Discretionary.

What are the top holdings of the NUEM ETF and AAXJ ETF?

NUEM top holdings include TWN SEMICONT MAN, DELTA ELECTRONIC and TENCENT HOLDINGS. AAXJ holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and SK HYNIX.

Which ETF is more diversified: NUEM or AAXJ?

NUEM holds 101 securities with 42.2% of its assets in the top 15. AAXJ has 906 securities and a top 15 weight of 43.48%.

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July 26, 2022

AAXJ

NUEMvsAAXJETF Comparison

NuShares ESG Emerging Markets Equity ETF

iShares MSCI All Country Asia ex Japan ETF

NUEM vs AAXJ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NUEM and AAXJ ETFs performed in 2026?

As of June 9, 2026, NUEM is up 16.56% year-to-date (YTD), while AAXJ has returned 22.93%. That puts AAXJ better performer ahead so far this year.

Which ETF is attracting more investor money: NUEM or AAXJ?

Year-to-date, the NUEM ETF saw +$8M in flows, compared to +$24M for AAXJ.

Which ETF is more volatile: NUEM or AAXJ?

Over the past year, NUEM had a volatility of 18.07%, while AAXJ experienced 19.84%.

Which ETF is bigger: NUEM or AAXJ?

As of June 9, 2026, NUEM holds $381.40 M in assets under management (AUM), while AAXJ manages $3.82 B.

What sectors do the NUEM and AAXJ ETFs invest in?

NUEM leans toward sectors like Information Technology and Financials. Meanwhile, AAXJ focuses on Information Technology, Financials and Consumer Discretionary.

What are the top holdings of the NUEM ETF and AAXJ ETF?

NUEM top holdings include TWN SEMICONT MAN, DELTA ELECTRONIC and TENCENT HOLDINGS. AAXJ holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and SK HYNIX.

Which ETF is more diversified: NUEM or AAXJ?

NUEM holds 101 securities with 42.2% of its assets in the top 15. AAXJ has 906 securities and a top 15 weight of 43.48%.

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