EFIV vs. XLG
EFIV (State Street SPDR S&P 500 ESG ETF) and XLG (Invesco S&P 500 Top 50 ETF) are both S&P 500 funds - EFIV tracks the S&P 500 Scored & Screened Index while XLG tracks the S&P 500 Top 50 Index. Both are passively managed. Over the past 5 years, EFIV returned 13.87%/yr vs 14.02%/yr for XLG. Their 0.95 correlation means they have historically moved very closely together. EFIV charges 0.10%/yr vs 0.20%/yr for XLG.
Performance
EFIV vs. XLG - Performance Comparison
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Returns By Period
In the year-to-date period, EFIV achieves a 12.21% return, which is significantly higher than XLG's 4.68% return.
EFIV
- 1D
- 1.57%
- 1M
- 2.07%
- 6M
- 9.54%
- YTD
- 12.21%
- 1Y
- 25.97%
- 3Y*
- 20.83%
- 5Y*
- 13.87%
- 10Y*
- —
- ALL TIME*
- 17.62%
XLG
- 1D
- 1.74%
- 1M
- 1.81%
- 6M
- 4.68%
- YTD
- 4.68%
- 1Y
- 17.86%
- 3Y*
- 21.61%
- 5Y*
- 14.02%
- 10Y*
- 16.44%
- ALL TIME*
- 11.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $6.45M | $3.68M | |
| $59.56M | $59.06M | $102.51M |
EFIV vs. XLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EFIV State Street SPDR S&P 500 ESG ETF | 12.21% | 18.47% | 23.80% | 27.92% | -17.76% | 31.70% | 16.38% |
XLG Invesco S&P 500 Top 50 ETF | 4.68% | 19.51% | 33.49% | 38.16% | -24.29% | 30.77% | 15.56% |
Correlation
The correlation between EFIV and XLG is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.95 |
The correlation between EFIV and XLG has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
EFIV vs. XLG — Risk / Return Rank
EFIV
XLG
EFIV vs. XLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ESG ETF (EFIV) and Invesco S&P 500 Top 50 ETF (XLG). 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.
| EFIV | XLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.44 | +1.32 |
| Martin ratioReturn relative to average drawdown | 12.05 | 4.49 | +7.56 |
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Drawdowns
EFIV vs. XLG - Drawdown Comparison
The maximum EFIV drawdown since its inception was -24.52%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for EFIV and XLG.
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Drawdown Indicators
| EFIV | XLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.52% | -52.39% | +27.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -12.41% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -20.70% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -28.02% | +3.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.09% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.62% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 3.98% | -1.82% |
Volatility
EFIV vs. XLG - Volatility Comparison
The current volatility for State Street SPDR S&P 500 ESG ETF (EFIV) is 4.11%, while Invesco S&P 500 Top 50 ETF (XLG) has a volatility of 5.30%. This indicates that EFIV experiences smaller price fluctuations and is considered to be less risky than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFIV | XLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 5.30% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 11.66% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 14.73% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 18.91% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.93% | -2.12% |
EFIV vs. XLG - Expense Ratio Comparison
EFIV has a 0.10% expense ratio, which is lower than XLG's 0.20% 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
EFIV vs. XLG - Dividend Comparison
EFIV's dividend yield for the trailing twelve months is around 0.95%, more than XLG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFIV State Street SPDR S&P 500 ESG ETF | 0.95% | 1.03% | 1.20% | 1.37% | 1.64% | 1.19% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLG Invesco S&P 500 Top 50 ETF | 0.64% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
Frequently Asked Questions
With a correlation of 0.91, EFIV and XLG 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.
XLG has higher volatility (5.30%) compared to EFIV (4.11%). In terms of maximum drawdown, EFIV dropped -24.52% vs XLG's -52.39%.
On 5-year performance, XLG leads with 14.02% vs 13.87% for EFIV. On fees, EFIV is cheaper at 0.10% per year. On volatility, EFIV has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XLG has performed better with a 14.02% return vs 13.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EFIV is cheaper with a 0.10% expense ratio, compared with 0.20% for XLG.
EFIV has the higher dividend yield at 0.95%, compared with 0.64% for XLG.
EFIV tracks S&P 500 Scored & Screened Index, while XLG tracks S&P 500 Top 50 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.10% for EFIV and 0.20% for XLG.
EFIV currently has the higher Sharpe Ratio (2.01 vs 1.22), 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.
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