ESGE vs. EAGG
ESGE (iShares ESG Aware MSCI EM ETF) and EAGG (iShares ESG Aware US Aggregate Bond ETF) are both exchange-traded funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index, while EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus Index. Both are passively managed. Over the past 5 years, ESGE returned 7.48%/yr vs 0.08%/yr for EAGG. At a 0.08 correlation, their price movements are largely independent. ESGE charges 0.25%/yr vs 0.10%/yr for EAGG.
Performance
ESGE vs. EAGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGE achieves a 27.56% return, which is significantly higher than EAGG's 0.54% return.
ESGE
- 1D
- 2.95%
- 1M
- 8.60%
- YTD
- 27.56%
- 6M
- 30.80%
- 1Y
- 51.80%
- 3Y*
- 22.81%
- 5Y*
- 7.48%
- 10Y*
- —
EAGG
- 1D
- 0.06%
- 1M
- 1.08%
- YTD
- 0.54%
- 6M
- 0.85%
- 1Y
- 4.91%
- 3Y*
- 3.92%
- 5Y*
- 0.08%
- 10Y*
- —
ESGE vs. EAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 27.56% | 35.86% | 6.63% | 9.51% | -22.41% | -2.87% | 18.60% | 20.37% | -0.76% |
EAGG iShares ESG Aware US Aggregate Bond ETF | 0.54% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
Correlation
The correlation between ESGE and EAGG is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.08 |
Over the past year, ESGE and EAGG have become more correlated (0.30) than their long-term average of 0.08, meaning their price movements have been converging.
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
ESGE vs. EAGG — Risk / Return Rank
ESGE
EAGG
ESGE vs. EAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and iShares ESG Aware US Aggregate Bond ETF (EAGG). 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.
| ESGE | EAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.23 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 1.79 | +1.96 |
| Martin ratioReturn relative to average drawdown | 14.02 | 5.28 | +8.74 |
Loading charts...
Drawdowns
ESGE vs. EAGG - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, which is greater than EAGG's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for ESGE and EAGG.
Loading charts...
Drawdown Indicators
| ESGE | EAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.07% | -18.74% | -22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -2.75% | -11.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -6.20% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -39.18% | -17.98% | -21.20% |
Current DrawdownCurrent decline from peak | -0.68% | -2.53% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -6.03% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 0.93% | +2.77% |
Volatility
ESGE vs. EAGG - Volatility Comparison
iShares ESG Aware MSCI EM ETF (ESGE) has a higher volatility of 11.18% compared to iShares ESG Aware US Aggregate Bond ETF (EAGG) at 1.26%. This indicates that ESGE's price experiences larger fluctuations and is considered to be riskier than EAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESGE | EAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.18% | 1.26% | +9.92% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 2.73% | +16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 3.72% | +18.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 6.03% | +13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 5.49% | +14.61% |
ESGE vs. EAGG - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is higher than EAGG'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
ESGE vs. EAGG - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.69%, less than EAGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.00% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% | 0.00% | 0.00% |
ESGE iShares ESG Aware MSCI EM ETF | 2.69% | 2.50% | 2.41% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
Frequently Asked Questions
ESGE and EAGG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESGE has higher volatility (11.18%) compared to EAGG (1.26%). In terms of maximum drawdown, ESGE dropped -41.07% vs EAGG's -18.74%.
On 5-year performance, ESGE leads with 7.48% vs 0.08% for EAGG. On fees, EAGG is cheaper at 0.10% per year. On volatility, EAGG has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ESGE has performed better with a 7.48% return vs 0.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAGG is cheaper with a 0.10% expense ratio, compared with 0.25% for ESGE.
EAGG has the higher dividend yield at 4.00%, compared with 2.69% for ESGE.
ESGE is categorized as Emerging Markets Equities, while EAGG is Intermediate Core Bond. ESGE tracks MSCI EM Extended ESG Focus Index, while EAGG tracks Bloomberg MSCI U.S. Aggregate ESG Focus Index. Their fees differ too: 0.25% for ESGE and 0.10% for EAGG.
ESGE currently has the higher Sharpe Ratio (2.38 vs 1.33), 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 ESGE and EAGG
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