EASG vs. CVIE

Last updated Jun 3, 2026

EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) and CVIE (Calvert International Responsible Index ETF) are both Foreign Large Cap Equities funds - EASG tracks the MSCI EAFE ESG Leaders Index while CVIE tracks the Calvert International Responsible Index. Both are passively managed. Over the past 3 years, EASG returned 13.95%/yr vs 21.69%/yr for CVIE. With a 0.96 correlation, they move nearly in lockstep. EASG charges 0.14%/yr vs 0.18%/yr for CVIE.

Performance

EASG vs. CVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) and Calvert International Responsible Index ETF (CVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EASG achieves a 8.96% return, which is significantly lower than CVIE's 19.73% return.

EASG

• 1D: 0.53%
• 1M: 3.42%
• YTD: 8.96%
• 6M: 11.59%
• 1Y: 18.95%
• 3Y*: 13.95%
• 5Y*: 7.13%
• 10Y*: —

CVIE

• 1D: 0.44%
• 1M: 7.58%
• YTD: 19.73%
• 6M: 23.80%
• 1Y: 36.91%
• 3Y*: 21.69%
• 5Y*: —
• 10Y*: —

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

EASG vs. CVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	8.96%	25.19%	2.26%	7.71%
CVIE Calvert International Responsible Index ETF	19.73%	33.23%	5.37%	8.48%

Correlation

The correlation between EASG and CVIE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.96

The correlation between EASG and CVIE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

EASG vs. CVIE - Sectors Allocation Comparison

Sectors	EASG	CVIE
Financial Services	23.5%	24.6%
Industrials	18.5%	16.7%
Technology	12.8%	22.6%
Healthcare	10.3%	7.9%
Consumer Cyclical	6.8%	6.7%
Consumer Defensive	6.6%	5.6%
Basic Materials	6.0%	6.2%
Communication Services	5.6%	3.9%
Utilities	4.7%	3.1%
Energy	3.4%	1.1%
Real Estate	2.0%	1.6%

Return for Risk

EASG vs. CVIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EASG

EASG Risk / Return Rank: 35
EASG Sharpe Ratio Rank: 34
EASG Sortino Ratio Rank: 33
EASG Omega Ratio Rank: 32
EASG Calmar Ratio Rank: 35
EASG Martin Ratio Rank: 40

CVIE

CVIE Risk / Return Rank: 64
CVIE Sharpe Ratio Rank: 67
CVIE Sortino Ratio Rank: 65
CVIE Omega Ratio Rank: 65
CVIE Calmar Ratio Rank: 60
CVIE Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EASG vs. CVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) and Calvert International Responsible Index ETF (CVIE). 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.

	EASG	CVIE	Difference
Sharpe ratio Return per unit of total volatility	1.23	2.24	-1.01
Sortino ratio Return per unit of downside risk	1.78	3.06	-1.28
Omega ratio Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio Return relative to maximum drawdown	1.73	2.99	-1.27
Martin ratio Return relative to average drawdown	6.39	11.91	-5.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EASG vs. CVIE - Sharpe Ratio Comparison

The current EASG Sharpe Ratio is 1.23, which is lower than the CVIE Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of EASG and CVIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EASG	CVIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.24	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.29	-0.77

Drawdowns

EASG vs. CVIE - Drawdown Comparison

The maximum EASG drawdown since its inception was -32.06%, which is greater than CVIE's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for EASG and CVIE.

Drawdown Indicators

	EASG	CVIE	Difference
Max Drawdown Largest peak-to-trough decline	-32.06%	-13.52%	-18.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-12.71%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-16.14%	-13.52%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-31.42%	—	—
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-6.19%	-2.64%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.19%	-0.02%

Volatility

EASG vs. CVIE - Volatility Comparison

The current volatility for Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) is 5.03%, while Calvert International Responsible Index ETF (CVIE) has a volatility of 6.24%. This indicates that EASG experiences smaller price fluctuations and is considered to be less risky than CVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EASG	CVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	6.24%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	14.22%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	16.60%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	15.39%	+1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	15.39%	+2.96%

EASG vs. CVIE - Expense Ratio Comparison

EASG has a 0.14% expense ratio, which is lower than CVIE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EASG vs. CVIE - Dividend Comparison

EASG's dividend yield for the trailing twelve months is around 3.84%, more than CVIE's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CVIE Calvert International Responsible Index ETF	2.21%	2.85%	2.78%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	3.84%	4.18%	2.93%	2.51%	2.47%	2.69%	1.70%	2.94%	0.85%

Frequently Asked Questions

Can I hold both EASG and CVIE in my portfolio?

With a correlation of 0.95, EASG and CVIE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EASG or CVIE?

CVIE has higher volatility (6.24%) compared to EASG (5.03%). In terms of maximum drawdown, EASG dropped -32.06% vs CVIE's -13.52%.

Which ETF is better, EASG or CVIE?

On 3-year performance, CVIE leads with 21.69% vs 13.95% for EASG. On fees, EASG is cheaper at 0.14% per year. On volatility, EASG has been the lower-risk option at 5.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EASG or CVIE?

Over the 3-year period, CVIE has performed better with a 21.69% return vs 13.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EASG or CVIE?

EASG is cheaper with a 0.14% expense ratio, compared with 0.18% for CVIE.

Which ETF pays a higher dividend yield, EASG or CVIE?

EASG has the higher dividend yield at 3.84%, compared with 2.21% for CVIE.

What is the main difference between EASG and CVIE?

EASG tracks MSCI EAFE ESG Leaders Index, while CVIE tracks Calvert International Responsible Index. They also come from different issuers: Deutsche Bank and Calvert. Their fees differ too: 0.14% for EASG and 0.18% for CVIE.

Which has better risk-adjusted returns?

CVIE currently has the higher Sharpe Ratio (2.24 vs 1.23), 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.