CESG.L vs. EEDS.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and EEDS.L (iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist)) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while EEDS.L is a Large Cap Blend Equities fund tracking the MSCI USA ESG Enhanced CTB Index. CESG.L is actively managed, while EEDS.L is passively managed. Over the past 5 years, CESG.L returned 5.33%/yr vs 11.09%/yr for EEDS.L. A 0.69 correlation means they provide meaningful diversification when combined. CESG.L charges 0.75%/yr vs 0.07%/yr for EEDS.L.
Performance
CESG.L vs. EEDS.L - Performance Comparison
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Returns By Period
In the year-to-date period, CESG.L achieves a 2.70% return, which is significantly lower than EEDS.L's 9.44% return.
CESG.L
- 1D
- 0.11%
- 1M
- 2.28%
- 6M
- 2.77%
- YTD
- 2.70%
- 1Y
- 5.82%
- 3Y*
- 9.53%
- 5Y*
- 5.33%
- 10Y*
- —
EEDS.L
- 1D
- -0.05%
- 1M
- 0.08%
- 6M
- 9.44%
- YTD
- 9.44%
- 1Y
- 20.16%
- 3Y*
- 18.49%
- 5Y*
- 11.09%
- 10Y*
- —
CESG.L vs. EEDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 2.70% | 11.47% | 9.71% | 12.32% | -13.97% | 23.33% |
EEDS.L iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) | 9.44% | 14.97% | 24.21% | 26.17% | -21.67% | 23.81% |
Correlation
The correlation between CESG.L and EEDS.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.69 |
Over the past year, the correlation between CESG.L and EEDS.L has dropped to 0.39 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
CESG.L vs. EEDS.L — Risk / Return Rank
CESG.L
EEDS.L
CESG.L vs. EEDS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) (EEDS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CESG.L | EEDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.34 | -1.79 |
| Martin ratioReturn relative to average drawdown | 1.42 | 9.44 | -8.02 |
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Drawdowns
CESG.L vs. EEDS.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum EEDS.L drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for CESG.L and EEDS.L.
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Drawdown Indicators
| CESG.L | EEDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -33.60% | +10.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -9.10% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -19.59% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -27.26% | +4.57% |
Current DrawdownCurrent decline from peak | -1.54% | -0.46% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -5.80% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.26% | +1.15% |
Volatility
CESG.L vs. EEDS.L - Volatility Comparison
First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) has a higher volatility of 3.44% compared to iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) (EEDS.L) at 2.85%. This indicates that CESG.L's price experiences larger fluctuations and is considered to be riskier than EEDS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | EEDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 2.85% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 9.47% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 12.47% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 16.53% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 17.82% | -5.29% |
CESG.L vs. EEDS.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than EEDS.L's 0.07% expense ratio.
Dividends
CESG.L vs. EEDS.L - Dividend Comparison
CESG.L has not paid dividends to shareholders, while EEDS.L's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEDS.L iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) | 0.83% | 0.89% | 1.00% | 1.15% | 1.42% | 1.01% | 1.24% | 1.07% |
Frequently Asked Questions
CESG.L and EEDS.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEDS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEDS.L is cheaper with a 0.07% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while EEDS.L is Large Cap Blend Equities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for CESG.L and 0.07% for EEDS.L.
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