ESG vs. HYGV
ESG (FlexShares STOXX US ESG Select Index Fund) and HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) are both exchange-traded funds - ESG is a Large Cap Growth Equities fund tracking the STOXX USA ESG Select KPIs Index, while HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index. Both are passively managed. Over the past 5 years, ESG returned 11.82%/yr vs 3.31%/yr for HYGV. A 0.72 correlation means they provide meaningful diversification when combined. ESG charges 0.32%/yr vs 0.37%/yr for HYGV.
Performance
ESG vs. HYGV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESG achieves a 11.73% return, which is significantly higher than HYGV's 1.84% return.
ESG
- 1D
- -0.52%
- 1M
- 1.34%
- 6M
- 9.94%
- YTD
- 11.73%
- 1Y
- 20.77%
- 3Y*
- 18.53%
- 5Y*
- 11.82%
- 10Y*
- 14.93%
HYGV
- 1D
- -0.22%
- 1M
- 0.08%
- 6M
- 1.30%
- YTD
- 1.84%
- 1Y
- 5.94%
- 3Y*
- 7.90%
- 5Y*
- 3.31%
- 10Y*
- —
ESG vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESG FlexShares STOXX US ESG Select Index Fund | 11.73% | 16.04% | 20.22% | 27.86% | -19.89% | 28.48% | 20.75% | 31.74% | -10.02% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.84% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
Correlation
The correlation between ESG and HYGV is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.72 |
The correlation between ESG and HYGV has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESG vs. HYGV — Risk / Return Rank
ESG
HYGV
ESG vs. HYGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX US ESG Select Index Fund (ESG) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.
| ESG | HYGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.22 | +0.18 |
| Martin ratioReturn relative to average drawdown | 10.02 | 9.64 | +0.38 |
Loading charts...
Drawdowns
ESG vs. HYGV - Drawdown Comparison
The maximum ESG drawdown since its inception was -32.53%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for ESG and HYGV.
Loading charts...
Drawdown Indicators
| ESG | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -23.47% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -2.68% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.32% | -5.56% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -17.12% | -8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.42% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -3.28% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 0.62% | +1.46% |
Volatility
ESG vs. HYGV - Volatility Comparison
FlexShares STOXX US ESG Select Index Fund (ESG) has a higher volatility of 3.25% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 0.85%. This indicates that ESG's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESG | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 0.85% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 3.09% | +6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 3.84% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 7.60% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 9.14% | +9.17% |
ESG vs. HYGV - Expense Ratio Comparison
ESG has a 0.32% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Dividends
ESG vs. HYGV - Dividend Comparison
ESG's dividend yield for the trailing twelve months is around 0.87%, less than HYGV's 7.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESG FlexShares STOXX US ESG Select Index Fund | 0.87% | 0.96% | 1.18% | 1.10% | 1.38% | 1.03% | 1.33% | 1.51% | 1.72% | 1.52% | 0.92% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.40% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% |
Frequently Asked Questions
ESG and HYGV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESG has higher volatility (3.25%) compared to HYGV (0.85%). In terms of maximum drawdown, ESG dropped -32.53% vs HYGV's -23.47%.
On 5-year performance, ESG leads with 11.82% vs 3.31% for HYGV. On fees, ESG is cheaper at 0.32% per year. On volatility, HYGV has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ESG has performed better with a 11.82% return vs 3.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESG is cheaper with a 0.32% expense ratio, compared with 0.37% for HYGV.
HYGV has the higher dividend yield at 7.40%, compared with 0.87% for ESG.
ESG is categorized as Large Cap Growth Equities, while HYGV is High Yield Bonds. ESG tracks STOXX USA ESG Select KPIs Index, while HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index. Their fees differ too: 0.32% for ESG and 0.37% for HYGV.
ESG currently has the higher Sharpe Ratio (1.81 vs 1.55), 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.
Find the right allocation for ESG and HYGV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer