DIVD vs. ESGE

Last updated Aug 2, 2026

DIVD (Altrius Global Dividend ETF) and ESGE (iShares ESG Aware MSCI EM ETF) are both exchange-traded funds - DIVD is a Global Equities fund actively managed by Altrius, while ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index. DIVD is actively managed, while ESGE is passively managed. Over the past 3 years, DIVD returned 16.58%/yr vs 18.81%/yr for ESGE. Their 0.54 correlation means they have sometimes moved together and sometimes differently. DIVD charges 0.49%/yr vs 0.25%/yr for ESGE.

Performance

DIVD vs. ESGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Altrius Global Dividend ETF (DIVD) and iShares ESG Aware MSCI EM ETF (ESGE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DIVD having a 17.92% return and ESGE slightly lower at 17.50%.

DIVD

• 1D: -0.29%
• 1M: 2.99%
• 6M: 10.96%
• YTD: 17.92%
• 1Y: 31.43%
• 3Y*: 16.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.44%

ESGE

• 1D: 0.92%
• 1M: -1.79%
• 6M: 9.17%
• YTD: 17.50%
• 1Y: 34.75%
• 3Y*: 18.81%
• 5Y*: 6.80%
• 10Y*: 8.88%
• ALL TIME*: 8.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVD Altrius Global Dividend ETF	$90.64K	$113.22K	$112.98K
ESGE iShares ESG Aware MSCI EM ETF	$53.52M	$39.94M	$58.74M

DIVD vs. ESGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DIVD Altrius Global Dividend ETF	17.92%	26.18%	2.52%	14.27%	17.01%
ESGE iShares ESG Aware MSCI EM ETF	17.50%	35.86%	6.63%	9.51%	9.90%

Correlation

The correlation between DIVD and ESGE is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.54

Over the past year, the correlation between DIVD and ESGE has dropped to 0.31 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

DIVD vs. ESGE - Sectors Allocation Comparison

Sectors	DIVD	ESGE
Healthcare	20.9%	2.5%
Financial Services	20.8%	23.0%
Consumer Defensive	18.4%	2.1%
Industrials	12.5%	4.9%
Energy	7.9%	1.7%
Technology	5.8%	45.4%
Basic Materials	4.7%	4.2%
Consumer Cyclical	4.4%	6.8%
Communication Services	3.3%	7.2%
Real Estate	1.4%	1.0%
Utilities	-	1.3%

Return for Risk

DIVD vs. ESGE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVD

DIVD Risk / Return Rank: 94
DIVD Sharpe Ratio Rank: 95
DIVD Sortino Ratio Rank: 95
DIVD Omega Ratio Rank: 94
DIVD Calmar Ratio Rank: 93
DIVD Martin Ratio Rank: 94

ESGE

ESGE Risk / Return Rank: 61
ESGE Sharpe Ratio Rank: 59
ESGE Sortino Ratio Rank: 55
ESGE Omega Ratio Rank: 62
ESGE Calmar Ratio Rank: 70
ESGE Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVD vs. ESGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altrius Global Dividend ETF (DIVD) and iShares ESG Aware MSCI EM ETF (ESGE). 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.

	DIVD	ESGE	Difference
Sharpe ratio: Return per unit of total volatility	2.74	1.39	+1.35
Sortino ratio: Return per unit of downside risk	3.97	1.90	+2.08
Omega ratio: Gain probability vs. loss probability	1.50	1.27	+0.23
Calmar ratio: Return relative to maximum drawdown	4.53	2.44	+2.09
Martin ratio: Return relative to average drawdown	17.76	7.40	+10.36

DIVD vs. ESGE - Sharpe Ratio Comparison

The current DIVD Sharpe Ratio is 2.74, which is higher than the ESGE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of DIVD and ESGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVD vs. ESGE - Drawdown Comparison

The maximum DIVD drawdown since its inception was -13.88%, smaller than the maximum ESGE drawdown of -41.07%. Use the drawdown chart below to compare losses from any high point for DIVD and ESGE.

Drawdown Indicators

	DIVD	ESGE	Difference
Max Drawdown Largest peak-to-trough decline	-13.88%	-41.07%	+27.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.70%	-13.90%	+7.20%
Max Drawdown (3Y) Largest decline over 3 years	-13.88%	-16.71%	+2.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.07%	—
Current Drawdown Current decline from peak	-0.29%	-9.30%	+9.01%
Average Drawdown Average peak-to-trough decline	-2.16%	-14.34%	+12.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	4.58%	-2.87%

Volatility

DIVD vs. ESGE - Volatility Comparison

The current volatility for Altrius Global Dividend ETF (DIVD) is 3.23%, while iShares ESG Aware MSCI EM ETF (ESGE) has a volatility of 9.09%. This indicates that DIVD experiences smaller price fluctuations and is considered to be less risky than ESGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVD	ESGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	9.09%	-5.86%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	22.33%	-14.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	24.45%	-13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	19.98%	-6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	20.35%	-7.18%

DIVD vs. ESGE - Expense Ratio Comparison

DIVD has a 0.49% expense ratio, which is higher than ESGE's 0.25% expense ratio.

Dividends

DIVD vs. ESGE - Dividend Comparison

DIVD's dividend yield for the trailing twelve months is around 2.72%, more than ESGE's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVD Altrius Global Dividend ETF	2.72%	2.86%	3.39%	2.96%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESGE iShares ESG Aware MSCI EM ETF	2.20%	2.50%	2.41%	2.64%	2.68%	2.66%	1.31%	2.59%	2.19%	1.86%	0.27%

Frequently Asked Questions

Can I hold both DIVD and ESGE in my portfolio?

DIVD and ESGE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVD or ESGE?

ESGE has higher volatility (9.09%) compared to DIVD (3.23%). In terms of maximum drawdown, DIVD dropped -13.88% vs ESGE's -41.07%.

Which ETF is better, DIVD or ESGE?

On 3-year performance, ESGE leads with 18.81% vs 16.58% for DIVD. On fees, ESGE is cheaper at 0.25% per year. On volatility, DIVD has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVD or ESGE?

Over the 3-year period, ESGE has performed better with a 18.81% return vs 16.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVD or ESGE?

ESGE is cheaper with a 0.25% expense ratio, compared with 0.49% for DIVD.

Which ETF pays a higher dividend yield, DIVD or ESGE?

DIVD has the higher dividend yield at 2.72%, compared with 2.20% for ESGE.

What is the main difference between DIVD and ESGE?

DIVD is categorized as Global Equities, while ESGE is Emerging Markets Equities. They also come from different issuers: Altrius and iShares. Their fees differ too: 0.49% for DIVD and 0.25% for ESGE.

Which has better risk-adjusted returns?

DIVD currently has the higher Sharpe Ratio (2.74 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.