ESGD vs. IFLO

Last updated Jul 14, 2026

ESGD (iShares ESG Aware MSCI EAFE ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, ESGD returned 19.66% vs 31.49% for IFLO. Their correlation of 0.87 suggests significant overlap in exposure. ESGD charges 0.20%/yr vs 0.56%/yr for IFLO.

Performance

ESGD vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware MSCI EAFE ETF (ESGD) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGD achieves a 9.32% return, which is significantly lower than IFLO's 18.32% return.

ESGD

• 1D: -1.03%
• 1M: 0.17%
• 6M: 5.46%
• YTD: 9.32%
• 1Y: 19.66%
• 3Y*: 14.83%
• 5Y*: 8.37%
• 10Y*: 9.69%

IFLO

• 1D: -0.65%
• 1M: -0.87%
• 6M: 14.97%
• YTD: 18.32%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ESGD vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
ESGD iShares ESG Aware MSCI EAFE ETF	9.32%	11.02%
IFLO VictoryShares International Free Cash Flow ETF	18.32%	13.12%

Correlation

The correlation between ESGD and IFLO is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.87

The correlation between ESGD and IFLO has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

ESGD vs. IFLO - Sectors Allocation Comparison

Sectors	ESGD	IFLO
Financial Services	26.5%	1.1%
Industrials	18.1%	18.1%
Technology	13.9%	21.5%
Healthcare	10.1%	11.7%
Consumer Defensive	6.9%	2.8%
Consumer Cyclical	6.3%	13.8%
Basic Materials	5.4%	11.3%
Utilities	3.7%	1.0%
Communication Services	3.6%	6.7%
Energy	3.4%	12.1%
Real Estate	1.6%	0.0%

Return for Risk

ESGD vs. IFLO — Risk / Return Rank

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

ESGD

ESGD Risk / Return Rank: 44
ESGD Sharpe Ratio Rank: 44
ESGD Sortino Ratio Rank: 44
ESGD Omega Ratio Rank: 43
ESGD Calmar Ratio Rank: 42
ESGD Martin Ratio Rank: 48

IFLO

IFLO Risk / Return Rank: 87
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

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.

ESGD vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE ETF (ESGD) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	ESGD	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.16	-0.91
Sortino ratio: Return per unit of downside risk	1.82	3.13	-1.31
Omega ratio: Gain probability vs. loss probability	1.23	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	1.69	4.91	-3.22
Martin ratio: Return relative to average drawdown	6.30	16.50	-10.21

ESGD vs. IFLO - Sharpe Ratio Comparison

The current ESGD Sharpe Ratio is 1.24, which is lower than the IFLO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of ESGD and IFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESGD vs. IFLO - Drawdown Comparison

The maximum ESGD drawdown since its inception was -33.70%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for ESGD and IFLO.

Drawdown Indicators

	ESGD	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-6.44%	-27.26%
Max Drawdown (1Y) Largest decline over 1 year	-11.68%	-6.44%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	-13.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.70%	—	—
Current Drawdown Current decline from peak	-2.01%	-2.22%	+0.21%
Average Drawdown Average peak-to-trough decline	-6.14%	-1.29%	-4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.91%	+1.22%

Volatility

ESGD vs. IFLO - Volatility Comparison

iShares ESG Aware MSCI EAFE ETF (ESGD) has a higher volatility of 5.09% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 4.77%. This indicates that ESGD's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGD	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	4.77%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	12.05%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.93%	14.71%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	14.61%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	14.61%	+2.41%

ESGD vs. IFLO - Expense Ratio Comparison

ESGD has a 0.20% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

ESGD vs. IFLO - Dividend Comparison

ESGD's dividend yield for the trailing twelve months is around 3.35%, more than IFLO's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESGD iShares ESG Aware MSCI EAFE ETF	3.35%	3.60%	3.23%	3.02%	2.59%	2.75%	1.63%	2.57%	2.69%	2.65%	0.09%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESGD and IFLO in my portfolio?

ESGD and IFLO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESGD or IFLO?

ESGD has higher volatility (5.09%) compared to IFLO (4.77%). In terms of maximum drawdown, ESGD dropped -33.70% vs IFLO's -6.44%.

Which ETF is better, ESGD or IFLO?

On 1-year performance, IFLO leads with 31.49% vs 19.66% for ESGD. On fees, ESGD is cheaper at 0.20% per year. On volatility, IFLO has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESGD or IFLO?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESGD or IFLO?

ESGD is cheaper with a 0.20% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, ESGD or IFLO?

ESGD has the higher dividend yield at 3.35%, compared with 1.57% for IFLO.

What is the main difference between ESGD and IFLO?

They also come from different issuers: iShares and VictoryShares. Their fees differ too: 0.20% for ESGD and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 1.24), 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.