ESGD vs. USXF

Last updated Jun 16, 2026

ESGD (iShares ESG Aware MSCI EAFE ETF) and USXF (iShares ESG Advanced MSCI USA ETF) are both exchange-traded funds - ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index, while USXF is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index. Both are passively managed. Over the past 5 years, ESGD returned 8.21%/yr vs 15.64%/yr for USXF. A 0.72 correlation means they provide meaningful diversification when combined. ESGD charges 0.20%/yr vs 0.10%/yr for USXF.

Performance

ESGD vs. USXF - Performance Comparison

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

Returns By Period

In the year-to-date period, ESGD achieves a 9.85% return, which is significantly lower than USXF's 20.37% return.

ESGD

• 1D: 0.66%
• 1M: 3.97%
• YTD: 9.85%
• 6M: 10.51%
• 1Y: 21.72%
• 3Y*: 15.36%
• 5Y*: 8.21%
• 10Y*: —

USXF

• 1D: 2.44%
• 1M: 5.10%
• YTD: 20.37%
• 6M: 21.61%
• 1Y: 36.09%
• 3Y*: 25.87%
• 5Y*: 15.64%
• 10Y*: —

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

ESGD vs. USXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGD iShares ESG Aware MSCI EAFE ETF	9.85%	29.63%	3.95%	18.53%	-15.17%	11.79%	20.05%
USXF iShares ESG Advanced MSCI USA ETF	20.37%	16.97%	26.16%	31.65%	-21.20%	27.14%	23.07%

Correlation

The correlation between ESGD and USXF is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020	0.72

The correlation between ESGD and USXF has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

ESGD vs. USXF - Sectors Allocation Comparison

Sectors	ESGD	USXF
Financial Services	25.8%	15.1%
Industrials	18.2%	8.0%
Technology	12.6%	53.9%
Healthcare	9.9%	5.7%
Consumer Defensive	7.0%	0.9%
Consumer Cyclical	6.6%	6.6%
Basic Materials	5.5%	2.3%
Communication Services	4.3%	2.0%
Energy	3.9%	0.1%
Utilities	3.7%	1.1%
Real Estate	1.6%	4.0%

Return for Risk

ESGD vs. USXF — Risk / Return Rank

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

ESGD

ESGD Risk / Return Rank: 43
ESGD Sharpe Ratio Rank: 43
ESGD Sortino Ratio Rank: 43
ESGD Omega Ratio Rank: 42
ESGD Calmar Ratio Rank: 41
ESGD Martin Ratio Rank: 46

USXF

USXF Risk / Return Rank: 72
USXF Sharpe Ratio Rank: 72
USXF Sortino Ratio Rank: 66
USXF Omega Ratio Rank: 68
USXF Calmar Ratio Rank: 76
USXF Martin Ratio Rank: 78

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. USXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE ETF (ESGD) and iShares ESG Advanced MSCI USA ETF (USXF). 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	USXF	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.10	-0.72
Sortino ratio: Return per unit of downside risk	2.01	2.77	-0.76
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	1.87	3.56	-1.69
Martin ratio: Return relative to average drawdown	6.97	13.71	-6.74

ESGD vs. USXF - Sharpe Ratio Comparison

The current ESGD Sharpe Ratio is 1.38, which is lower than the USXF Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ESGD and USXF, 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. USXF - Drawdown Comparison

The maximum ESGD drawdown since its inception was -33.70%, which is greater than USXF's maximum drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for ESGD and USXF.

Drawdown Indicators

	ESGD	USXF	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-29.54%	-4.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.68%	-10.19%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.86%	-20.93%	+7.07%
Max Drawdown (5Y) Largest decline over 5 years	-30.03%	-29.54%	-0.49%
Current Drawdown Current decline from peak	0.00%	-0.83%	+0.83%
Average Drawdown Average peak-to-trough decline	-6.17%	-6.40%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.64%	+0.49%

Volatility

ESGD vs. USXF - Volatility Comparison

The current volatility for iShares ESG Aware MSCI EAFE ETF (ESGD) is 5.58%, while iShares ESG Advanced MSCI USA ETF (USXF) has a volatility of 7.98%. This indicates that ESGD experiences smaller price fluctuations and is considered to be less risky than USXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGD	USXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	7.98%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	13.32%	14.39%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	17.29%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	19.76%	-3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	19.31%	-2.31%

ESGD vs. USXF - Expense Ratio Comparison

ESGD has a 0.20% expense ratio, which is higher than USXF's 0.10% 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

ESGD vs. USXF - Dividend Comparison

ESGD's dividend yield for the trailing twelve months is around 4.92%, more than USXF's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESGD iShares ESG Aware MSCI EAFE ETF	4.92%	3.60%	3.23%	3.02%	2.59%	2.75%	1.63%	2.57%	2.69%	2.65%	0.09%
USXF iShares ESG Advanced MSCI USA ETF	0.98%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESGD and USXF in my portfolio?

ESGD and USXF have a correlation of 0.68, 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 USXF?

USXF has higher volatility (7.98%) compared to ESGD (5.58%). In terms of maximum drawdown, ESGD dropped -33.70% vs USXF's -29.54%.

Which ETF is better, ESGD or USXF?

On 5-year performance, USXF leads with 15.64% vs 8.21% for ESGD. On fees, USXF is cheaper at 0.10% per year. On volatility, ESGD has been the lower-risk option at 5.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESGD or USXF?

Over the 5-year period, USXF has performed better with a 15.64% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESGD or USXF?

USXF is cheaper with a 0.10% expense ratio, compared with 0.20% for ESGD.

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

ESGD has the higher dividend yield at 4.92%, compared with 0.98% for USXF.

What is the main difference between ESGD and USXF?

ESGD is categorized as Foreign Large Cap Equities, while USXF is Large Cap Growth Equities. ESGD tracks MSCI EAFE Extended ESG Focus Index, while USXF tracks MSCI USA Choice ESG Screened Index. Their fees differ too: 0.20% for ESGD and 0.10% for USXF.

Which has better risk-adjusted returns?

USXF currently has the higher Sharpe Ratio (2.10 vs 1.38), 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.