EEDM.L vs. CESG.L
EEDM.L (iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist)) and CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) are both exchange-traded funds - EEDM.L is a Emerging Markets Equities fund tracking the MSCI EM ESG Enhanced CTB Index, while CESG.L is a ESG fund actively managed by First Trust. EEDM.L is passively managed, while CESG.L is actively managed. Over the past 5 years, EEDM.L returned 5.67%/yr vs 5.53%/yr for CESG.L. A 0.51 correlation means they provide meaningful diversification when combined. EEDM.L charges 0.18%/yr vs 0.75%/yr for CESG.L.
Performance
EEDM.L vs. CESG.L - Performance Comparison
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Returns By Period
In the year-to-date period, EEDM.L achieves a 15.41% return, which is significantly higher than CESG.L's 3.98% return.
EEDM.L
- 1D
- -1.89%
- 1M
- -9.56%
- 6M
- 10.23%
- YTD
- 15.41%
- 1Y
- 29.68%
- 3Y*
- 18.64%
- 5Y*
- 5.67%
- 10Y*
- —
CESG.L
- 1D
- 0.93%
- 1M
- 3.53%
- 6M
- 4.17%
- YTD
- 3.98%
- 1Y
- 6.69%
- 3Y*
- 9.84%
- 5Y*
- 5.53%
- 10Y*
- —
EEDM.L vs. CESG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EEDM.L iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist) | 15.41% | 35.48% | 6.70% | 8.18% | -21.69% | -3.75% |
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 3.98% | 11.47% | 9.71% | 12.32% | -13.97% | 23.33% |
Correlation
The correlation between EEDM.L and CESG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.51 |
Over the past year, the correlation between EEDM.L and CESG.L has dropped to 0.24 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
EEDM.L vs. CESG.L — Risk / Return Rank
EEDM.L
CESG.L
EEDM.L vs. CESG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist) (EEDM.L) and First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.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.
| EEDM.L | CESG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.76 | +1.45 |
| Martin ratioReturn relative to average drawdown | 6.95 | 1.95 | +5.00 |
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Drawdowns
EEDM.L vs. CESG.L - Drawdown Comparison
The maximum EEDM.L drawdown since its inception was -40.90%, which is greater than CESG.L's maximum drawdown of -22.69%. Use the drawdown chart below to compare losses from any high point for EEDM.L and CESG.L.
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Drawdown Indicators
| EEDM.L | CESG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.90% | -22.69% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -8.81% | -4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -10.31% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -22.69% | -13.70% |
Current DrawdownCurrent decline from peak | -11.26% | -0.31% | -10.95% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -5.51% | -10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 3.42% | +0.84% |
Volatility
EEDM.L vs. CESG.L - Volatility Comparison
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist) (EEDM.L) has a higher volatility of 9.16% compared to First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) at 3.47%. This indicates that EEDM.L's price experiences larger fluctuations and is considered to be riskier than CESG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEDM.L | CESG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 3.47% | +5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 8.09% | +11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 10.01% | +11.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 12.63% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 12.53% | +8.27% |
EEDM.L vs. CESG.L - Expense Ratio Comparison
EEDM.L has a 0.18% expense ratio, which is lower than CESG.L's 0.75% expense ratio.
Dividends
EEDM.L vs. CESG.L - Dividend Comparison
EEDM.L's dividend yield for the trailing twelve months is around 1.69%, while CESG.L has not paid dividends to shareholders.
| 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% |
EEDM.L iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist) | 1.69% | 1.89% | 2.37% | 2.37% | 2.59% | 1.97% | 1.54% | 0.05% |
Frequently Asked Questions
EEDM.L and CESG.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEDM.L is cheaper with a 0.18% expense ratio, compared with 0.75% for CESG.L.
EEDM.L is categorized as Emerging Markets Equities, while CESG.L is ESG. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.18% for EEDM.L and 0.75% for CESG.L.
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