ESGB vs. IQSM
ESGB (IQ MacKay ESG Core Plus Bond ETF) and IQSM (IQ Candriam U.S. Mid Cap Equity ETF) are both exchange-traded funds - ESGB is a Intermediate Core-Plus Bond fund actively managed by IndexIQ, while IQSM is a Mid Cap Blend Equities fund tracking the IQ Candriam ESG U.S. Mid Cap Equity Index - Benchmark TR Net. ESGB is actively managed, while IQSM is passively managed. At a 0.08 correlation, their price movements are largely independent. ESGB charges 0.39%/yr vs 0.15%/yr for IQSM.
Performance
ESGB vs. IQSM - Performance Comparison
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Returns By Period
ESGB
- 1D
- 0.25%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSM
- 1D
- -0.82%
- 1M
- 1.99%
- YTD
- 11.70%
- 6M
- 9.85%
- 1Y
- 22.82%
- 3Y*
- 13.57%
- 5Y*
- —
- 10Y*
- —
ESGB vs. IQSM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ESGB IQ MacKay ESG Core Plus Bond ETF | -0.18% |
IQSM IQ Candriam U.S. Mid Cap Equity ETF | -0.06% |
Correlation
The correlation between ESGB and IQSM is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026 | 0.08 |
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Return for Risk
ESGB vs. IQSM — Risk / Return Rank
ESGB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IQSM
ESGB vs. IQSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay ESG Core Plus Bond ETF (ESGB) and IQ Candriam U.S. Mid Cap Equity ETF (IQSM). 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.
| ESGB | IQSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.59 | — |
| Martin ratioReturn relative to average drawdown | — | 9.42 | — |
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Drawdowns
ESGB vs. IQSM - Drawdown Comparison
The maximum ESGB drawdown since its inception was -0.64%, smaller than the maximum IQSM drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for ESGB and IQSM.
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Drawdown Indicators
| ESGB | IQSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.64% | -23.66% | +23.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.86% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.66% | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.33% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -4.81% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
ESGB vs. IQSM - Volatility Comparison
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Volatility by Period
| ESGB | IQSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 15.24% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 17.88% | -13.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 17.88% | -13.78% |
ESGB vs. IQSM - Expense Ratio Comparison
ESGB has a 0.39% expense ratio, which is higher than IQSM's 0.15% expense ratio.
Dividends
ESGB vs. IQSM - Dividend Comparison
ESGB has not paid dividends to shareholders, while IQSM's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ESGB IQ MacKay ESG Core Plus Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 1.08% | 1.18% | 1.22% | 1.11% | 0.32% |
Frequently Asked Questions
ESGB and IQSM have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSM is cheaper with a 0.15% expense ratio, compared with 0.39% for ESGB.
IQSM has the higher dividend yield at 1.08%, compared with 0.00% for ESGB.
ESGB is categorized as Intermediate Core-Plus Bond, while IQSM is Mid Cap Blend Equities. Their fees differ too: 0.39% for ESGB and 0.15% for IQSM.
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