ESGE vs. DIVD

Last updated Jun 4, 2026

ESGE (iShares ESG Aware MSCI EM ETF) and DIVD (Altrius Global Dividend ETF) are both exchange-traded funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index, while DIVD is a Global Equities fund actively managed by Altrius. ESGE is passively managed, while DIVD is actively managed. Over the past 3 years, ESGE returned 24.13%/yr vs 17.10%/yr for DIVD. A 0.59 correlation means they provide meaningful diversification when combined. ESGE charges 0.25%/yr vs 0.49%/yr for DIVD.

Performance

ESGE vs. DIVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware MSCI EM ETF (ESGE) and Altrius Global Dividend ETF (DIVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGE achieves a 26.85% return, which is significantly higher than DIVD's 10.91% return.

ESGE

• 1D: -1.23%
• 1M: 9.37%
• YTD: 26.85%
• 6M: 29.21%
• 1Y: 55.02%
• 3Y*: 24.13%
• 5Y*: 6.83%
• 10Y*: —

DIVD

• 1D: -0.65%
• 1M: 0.55%
• YTD: 10.91%
• 6M: 11.92%
• 1Y: 23.86%
• 3Y*: 17.10%
• 5Y*: —
• 10Y*: —

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

ESGE vs. DIVD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESGE iShares ESG Aware MSCI EM ETF	26.85%	35.86%	6.63%	9.51%	10.57%
DIVD Altrius Global Dividend ETF	10.91%	26.18%	2.52%	14.27%	18.38%

Correlation

The correlation between ESGE and DIVD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022	0.59

The correlation between ESGE and DIVD shifts across timeframes, from 0.47 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

ESGE vs. DIVD - Sectors Allocation Comparison

Sectors	ESGE	DIVD
Technology	43.4%	8.8%
Financial Services	20.9%	17.2%
Consumer Cyclical	8.3%	4.7%
Communication Services	7.2%	3.4%
Industrials	4.7%	14.9%
Basic Materials	4.1%	6.0%
Healthcare	2.4%	19.3%
Energy	2.2%	9.4%
Consumer Defensive	2.1%	15.1%
Utilities	1.5%	-
Real Estate	1.1%	1.2%

Return for Risk

ESGE vs. DIVD — Risk / Return Rank

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

ESGE

ESGE Risk / Return Rank: 80
ESGE Sharpe Ratio Rank: 83
ESGE Sortino Ratio Rank: 78
ESGE Omega Ratio Rank: 82
ESGE Calmar Ratio Rank: 77
ESGE Martin Ratio Rank: 79

DIVD

DIVD Risk / Return Rank: 66
DIVD Sharpe Ratio Rank: 63
DIVD Sortino Ratio Rank: 65
DIVD Omega Ratio Rank: 62
DIVD Calmar Ratio Rank: 71
DIVD Martin Ratio Rank: 70

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.

ESGE vs. DIVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and Altrius Global Dividend ETF (DIVD). 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.

	ESGE	DIVD	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.12	+0.63
Sortino ratio: Return per unit of downside risk	3.56	3.03	+0.53
Omega ratio: Gain probability vs. loss probability	1.50	1.38	+0.13
Calmar ratio: Return relative to maximum drawdown	3.98	3.58	+0.40
Martin ratio: Return relative to average drawdown	15.51	13.05	+2.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGE vs. DIVD - Sharpe Ratio Comparison

The current ESGE Sharpe Ratio is 2.75, which is comparable to the DIVD Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of ESGE and DIVD, 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

	ESGE	DIVD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.12	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.50	-1.01

Drawdowns

ESGE vs. DIVD - Drawdown Comparison

The maximum ESGE drawdown since its inception was -41.07%, which is greater than DIVD's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for ESGE and DIVD.

Drawdown Indicators

	ESGE	DIVD	Difference
Max Drawdown Largest peak-to-trough decline	-41.07%	-13.88%	-27.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-6.70%	-7.20%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-13.88%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-39.23%	—	—
Current Drawdown Current decline from peak	-1.23%	-1.57%	+0.34%
Average Drawdown Average peak-to-trough decline	-14.47%	-2.23%	-12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	1.83%	+1.73%

Volatility

ESGE vs. DIVD - Volatility Comparison

iShares ESG Aware MSCI EM ETF (ESGE) has a higher volatility of 8.56% compared to Altrius Global Dividend ETF (DIVD) at 2.76%. This indicates that ESGE's price experiences larger fluctuations and is considered to be riskier than DIVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGE	DIVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	2.76%	+5.80%
Volatility (6M) Calculated over the trailing 6-month period	17.46%	8.29%	+9.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	11.30%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.11%	13.26%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.94%	13.26%	+6.68%

ESGE vs. DIVD - Expense Ratio Comparison

ESGE has a 0.25% expense ratio, which is lower than DIVD's 0.49% expense ratio.

Dividends

ESGE vs. DIVD - Dividend Comparison

ESGE's dividend yield for the trailing twelve months is around 1.97%, less than DIVD's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVD Altrius Global Dividend ETF	2.73%	2.86%	3.39%	2.96%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESGE iShares ESG Aware MSCI EM ETF	1.97%	2.50%	2.41%	2.64%	2.68%	2.66%	1.31%	2.59%	2.19%	1.86%	0.27%

Frequently Asked Questions

Can I hold both ESGE and DIVD in my portfolio?

ESGE and DIVD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESGE or DIVD?

ESGE has higher volatility (8.56%) compared to DIVD (2.76%). In terms of maximum drawdown, ESGE dropped -41.07% vs DIVD's -13.88%.

Which ETF is better, ESGE or DIVD?

On 3-year performance, ESGE leads with 24.13% vs 17.10% for DIVD. On fees, ESGE is cheaper at 0.25% per year. On volatility, DIVD has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESGE or DIVD?

Over the 3-year period, ESGE has performed better with a 24.13% return vs 17.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESGE or DIVD?

ESGE is cheaper with a 0.25% expense ratio, compared with 0.49% for DIVD.

Which ETF pays a higher dividend yield, ESGE or DIVD?

DIVD has the higher dividend yield at 2.73%, compared with 1.97% for ESGE.

What is the main difference between ESGE and DIVD?

ESGE is categorized as Emerging Markets Equities, while DIVD is Global Equities. They also come from different issuers: iShares and Altrius. Their fees differ too: 0.25% for ESGE and 0.49% for DIVD.

Which has better risk-adjusted returns?

ESGE currently has the higher Sharpe Ratio (2.75 vs 2.12), 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.