ESG.TO vs. ESGV

Last updated Jun 4, 2026

ESG.TO (Invesco S&P 500 ESG Index ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - ESG.TO is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select 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, ESG.TO returned 16.77%/yr vs 15.86%/yr for ESGV. A 0.78 correlation means they provide meaningful diversification when combined. ESG.TO charges 0.20%/yr vs 0.09%/yr for ESGV.

Performance

ESG.TO vs. ESGV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P 500 ESG Index ETF (ESG.TO) and Vanguard ESG U.S. Stock ETF (ESGV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESG.TO is traded in CAD, while ESGV is traded in USD. To make them comparable, the ESGV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESG.TO achieves a 10.72% return, which is significantly lower than ESGV's 12.15% return.

ESG.TO

• 1D: -0.18%
• 1M: 6.87%
• YTD: 10.72%
• 6M: 7.79%
• 1Y: 29.42%
• 3Y*: 21.78%
• 5Y*: 16.77%
• 10Y*: —

ESGV

• 1D: -0.48%
• 1M: 8.20%
• YTD: 12.15%
• 6M: 10.30%
• 1Y: 29.69%
• 3Y*: 23.69%
• 5Y*: 15.86%
• 10Y*: —

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

ESG.TO vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESG.TO Invesco S&P 500 ESG Index ETF	10.72%	10.99%	33.33%	25.19%	-14.05%	32.71%	19.30%
ESGV Vanguard ESG U.S. Stock ETF	12.15%	11.14%	35.40%	27.91%	-18.63%	25.41%	26.17%

Correlation

The correlation between ESG.TO and ESGV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 6, 2020	0.78

The correlation between ESG.TO and ESGV has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

ESG.TO vs. ESGV - Sectors Allocation Comparison

Sectors	ESG.TO	ESGV
Technology	38.6%	39.5%
Communication Services	14.5%	13.0%
Financial Services	12.0%	12.3%
Healthcare	9.3%	9.8%
Industrials	6.8%	4.5%
Consumer Defensive	5.1%	3.9%
Consumer Cyclical	4.6%	12.2%
Energy	4.2%	0.1%
Real Estate	2.2%	2.8%
Basic Materials	1.9%	1.9%
Utilities	0.8%	0.2%

Return for Risk

ESG.TO vs. ESGV — Risk / Return Rank

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

ESG.TO

ESG.TO Risk / Return Rank: 71
ESG.TO Sharpe Ratio Rank: 76
ESG.TO Sortino Ratio Rank: 77
ESG.TO Omega Ratio Rank: 78
ESG.TO Calmar Ratio Rank: 62
ESG.TO Martin Ratio Rank: 63

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.

ESG.TO vs. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 ESG Index ETF (ESG.TO) 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.

	ESG.TO	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.28	+0.18
Sortino ratio: Return per unit of downside risk	3.46	3.09	+0.38
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	3.05	2.59	+0.46
Martin ratio: Return relative to average drawdown	11.22	9.37	+1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESG.TO vs. ESGV - Sharpe Ratio Comparison

The current ESG.TO Sharpe Ratio is 2.46, which is comparable to the ESGV Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of ESG.TO 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

	ESG.TO	ESGV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.28	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	0.97	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.86	+0.24

Drawdowns

ESG.TO vs. ESGV - Drawdown Comparison

The maximum ESG.TO drawdown since its inception was -22.31%, smaller than the maximum ESGV drawdown of -27.27%. Use the drawdown chart below to compare losses from any high point for ESG.TO and ESGV.

Drawdown Indicators

	ESG.TO	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-22.31%	-27.27%	+4.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-11.50%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	-19.85%	-20.76%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-22.31%	-26.61%	+4.30%
Current Drawdown Current decline from peak	-0.63%	-0.48%	-0.15%
Average Drawdown Average peak-to-trough decline	-4.30%	-5.51%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.18%	-0.55%

Volatility

ESG.TO vs. ESGV - Volatility Comparison

The current volatility for Invesco S&P 500 ESG Index ETF (ESG.TO) is 3.00%, while Vanguard ESG U.S. Stock ETF (ESGV) has a volatility of 3.25%. This indicates that ESG.TO experiences smaller price fluctuations and is considered to be less risky than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESG.TO	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.25%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	10.02%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	13.09%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	16.48%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	18.53%	-2.19%

ESG.TO vs. ESGV - Expense Ratio Comparison

ESG.TO has a 0.20% 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

ESG.TO vs. ESGV - Dividend Comparison

ESG.TO's dividend yield for the trailing twelve months is around 0.76%, less than ESGV's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESG.TO Invesco S&P 500 ESG Index ETF	0.76%	0.85%	0.92%	1.11%	1.38%	1.11%	0.95%	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 ESG.TO and ESGV in my portfolio?

ESG.TO and ESGV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESG.TO or ESGV?

On fees, ESGV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESG.TO or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.20% for ESG.TO.

What is the main difference between ESG.TO and ESGV?

ESG.TO is categorized as S&P 500, while ESGV is Large Cap Blend Equities. ESG.TO tracks S&P 500 Equal Weight ESG Leaders Select Index, while ESGV tracks FTSE US All Cap Choice Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.20% for ESG.TO and 0.09% for ESGV.