EEMX vs. ESGE
Compare and contrast key facts about SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and iShares ESG Aware MSCI EM ETF (ESGE).
EEMX and ESGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMX is a passively managed fund by State Street that tracks the performance of the MSCI Emerging Markets ex Fossil Fuels Index. It was launched on Oct 24, 2016. ESGE is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Focus Index. It was launched on Jun 28, 2016. Both EEMX and ESGE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEMX or ESGE.
Key characteristics
| EEMX | ESGE | |
|---|---|---|
| YTD Return | 3.64% | 2.99% |
| 1Y Return | 11.34% | 10.69% |
| 3Y Return (Ann) | -5.57% | -6.74% |
| 5Y Return (Ann) | 1.95% | 1.21% |
| Sharpe Ratio | 0.73 | 0.69 |
| Daily Std Dev | 15.49% | 15.28% |
| Max Drawdown | -39.91% | -41.07% |
| Current Drawdown | -21.96% | -24.38% |
Correlation
The correlation between EEMX and ESGE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EEMX vs. ESGE - Performance Comparison
In the year-to-date period, EEMX achieves a 3.64% return, which is significantly higher than ESGE's 2.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EEMX vs. ESGE - Expense Ratio Comparison
EEMX has a 0.30% expense ratio, which is higher than ESGE's 0.25% expense ratio.
Risk-Adjusted Performance
EEMX vs. ESGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) 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.
Dividends
EEMX vs. ESGE - Dividend Comparison
EEMX's dividend yield for the trailing twelve months is around 2.12%, less than ESGE's 2.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 2.12% | 2.20% | 2.38% | 1.72% | 1.42% | 2.57% | 2.41% | 2.45% | 0.15% |
ESGE iShares ESG Aware MSCI EM ETF | 2.57% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
Drawdowns
EEMX vs. ESGE - Drawdown Comparison
The maximum EEMX drawdown since its inception was -39.91%, roughly equal to the maximum ESGE drawdown of -41.07%. Use the drawdown chart below to compare losses from any high point for EEMX and ESGE. For additional features, visit the drawdowns tool.
Volatility
EEMX vs. ESGE - Volatility Comparison
The current volatility for SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) is 4.96%, while iShares ESG Aware MSCI EM ETF (ESGE) has a volatility of 5.25%. This indicates that EEMX 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.