EMXF vs. ESGV

Last updated Jun 4, 2026

EMXF (iShares ESG Advanced MSCI EM ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - EMXF is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. Both are passively managed. Over the past 5 years, EMXF returned 7.15%/yr vs 12.64%/yr for ESGV. A 0.59 correlation means they provide meaningful diversification when combined. EMXF charges 0.16%/yr vs 0.09%/yr for ESGV.

Performance

EMXF vs. ESGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced MSCI EM ETF (EMXF) and Vanguard ESG U.S. Stock ETF (ESGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMXF achieves a 24.76% return, which is significantly higher than ESGV's 10.74% return.

EMXF

• 1D: -1.30%
• 1M: 8.70%
• YTD: 24.76%
• 6M: 27.57%
• 1Y: 47.21%
• 3Y*: 21.67%
• 5Y*: 7.15%
• 10Y*: —

ESGV

• 1D: -0.88%
• 1M: 6.08%
• YTD: 10.74%
• 6M: 10.73%
• 1Y: 28.04%
• 3Y*: 22.27%
• 5Y*: 12.64%
• 10Y*: —

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

EMXF vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMXF iShares ESG Advanced MSCI EM ETF	24.76%	29.40%	8.03%	6.63%	-18.99%	4.45%	15.32%
ESGV Vanguard ESG U.S. Stock ETF	10.74%	16.48%	24.69%	30.79%	-24.04%	26.55%	8.07%

Correlation

The correlation between EMXF and ESGV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.59

The correlation between EMXF and ESGV shifts across timeframes, from 0.59 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

EMXF vs. ESGV - Sectors Allocation Comparison

Sectors	EMXF	ESGV
Technology	35.2%	39.5%
Financial Services	32.2%	12.3%
Communication Services	8.0%	13.0%
Consumer Cyclical	5.7%	12.2%
Industrials	5.5%	4.5%
Healthcare	4.2%	9.8%
Consumer Defensive	2.9%	3.9%
Basic Materials	2.6%	1.9%
Real Estate	1.7%	2.8%
Utilities	0.6%	0.2%
Energy	0.0%	0.1%

Return for Risk

EMXF vs. ESGV — Risk / Return Rank

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

EMXF

EMXF Risk / Return Rank: 77
EMXF Sharpe Ratio Rank: 78
EMXF Sortino Ratio Rank: 76
EMXF Omega Ratio Rank: 78
EMXF Calmar Ratio Rank: 75
EMXF Martin Ratio Rank: 76

ESGV

ESGV Risk / Return Rank: 58
ESGV Sharpe Ratio Rank: 61
ESGV Sortino Ratio Rank: 60
ESGV Omega Ratio Rank: 61
ESGV Calmar Ratio Rank: 48
ESGV Martin Ratio Rank: 58

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.

EMXF vs. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EM ETF (EMXF) and Vanguard ESG U.S. Stock ETF (ESGV). 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.

	EMXF	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.11	+0.44
Sortino ratio: Return per unit of downside risk	3.42	2.89	+0.53
Omega ratio: Gain probability vs. loss probability	1.47	1.38	+0.09
Calmar ratio: Return relative to maximum drawdown	3.79	2.43	+1.36
Martin ratio: Return relative to average drawdown	14.56	10.42	+4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMXF vs. ESGV - Sharpe Ratio Comparison

The current EMXF Sharpe Ratio is 2.55, which is comparable to the ESGV Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of EMXF and ESGV, 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

	EMXF	ESGV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.11	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.69	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.72	-0.21

Drawdowns

EMXF vs. ESGV - Drawdown Comparison

The maximum EMXF drawdown since its inception was -33.13%, roughly equal to the maximum ESGV drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for EMXF and ESGV.

Drawdown Indicators

	EMXF	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-33.13%	-33.66%	+0.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-11.60%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-20.41%	+4.48%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-28.81%	-4.08%
Current Drawdown Current decline from peak	-1.30%	-0.88%	-0.42%
Average Drawdown Average peak-to-trough decline	-12.02%	-6.43%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.70%	+0.55%

Volatility

EMXF vs. ESGV - Volatility Comparison

iShares ESG Advanced MSCI EM ETF (EMXF) has a higher volatility of 8.10% compared to Vanguard ESG U.S. Stock ETF (ESGV) at 3.37%. This indicates that EMXF's price experiences larger fluctuations and is considered to be riskier than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMXF	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	3.37%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	16.13%	10.18%	+5.95%
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	13.35%	+5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	18.35%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	20.58%	+1.19%

EMXF vs. ESGV - Expense Ratio Comparison

EMXF has a 0.16% expense ratio, which is higher than ESGV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EMXF vs. ESGV - Dividend Comparison

EMXF's dividend yield for the trailing twelve months is around 2.75%, more than ESGV's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMXF iShares ESG Advanced MSCI EM ETF	2.75%	3.43%	2.92%	2.25%	2.42%	1.87%	0.41%	0.00%	0.00%
ESGV Vanguard ESG U.S. Stock ETF	0.85%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%

Frequently Asked Questions

Can I hold both EMXF and ESGV in my portfolio?

EMXF and ESGV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMXF or ESGV?

EMXF has higher volatility (8.10%) compared to ESGV (3.37%). In terms of maximum drawdown, EMXF dropped -33.13% vs ESGV's -33.66%.

Which ETF is better, EMXF or ESGV?

On 5-year performance, ESGV leads with 12.64% vs 7.15% for EMXF. On fees, ESGV is cheaper at 0.09% per year. On volatility, ESGV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMXF or ESGV?

Over the 5-year period, ESGV has performed better with a 12.64% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMXF or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.16% for EMXF.

Which ETF pays a higher dividend yield, EMXF or ESGV?

EMXF has the higher dividend yield at 2.75%, compared with 0.85% for ESGV.

What is the main difference between EMXF and ESGV?

EMXF is categorized as Emerging Markets Equities, while ESGV is Large Cap Blend Equities. EMXF tracks MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index, while ESGV tracks FTSE US All Cap Choice Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.16% for EMXF and 0.09% for ESGV.

Which has better risk-adjusted returns?

EMXF currently has the higher Sharpe Ratio (2.55 vs 2.11), 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.