ESGE vs. EEMX
Compare and contrast key facts about iShares ESG Aware MSCI EM ETF (ESGE) and SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX).
ESGE and EEMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESGE is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Focus Index. It was launched on Jun 28, 2016. EEMX is a passively managed fund by State Street that tracks the performance of the MSCI Emerging Markets ex Fossil Fuels Index. It was launched on Oct 24, 2016. Both ESGE and EEMX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESGE or EEMX.
Key characteristics
| ESGE | EEMX | |
|---|---|---|
| YTD Return | 11.79% | 12.74% |
| 1Y Return | 18.27% | 20.04% |
| 3Y Return (Ann) | -2.75% | -1.00% |
| 5Y Return (Ann) | 2.83% | 3.72% |
| Sharpe Ratio | 1.33 | 1.41 |
| Sortino Ratio | 1.95 | 2.05 |
| Omega Ratio | 1.24 | 1.25 |
| Calmar Ratio | 0.67 | 0.75 |
| Martin Ratio | 7.16 | 7.77 |
| Ulcer Index | 2.92% | 2.89% |
| Daily Std Dev | 15.62% | 15.80% |
| Max Drawdown | -41.07% | -39.91% |
| Current Drawdown | -17.93% | -15.11% |
Correlation
The correlation between ESGE and EEMX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ESGE vs. EEMX - Performance Comparison
In the year-to-date period, ESGE achieves a 11.79% return, which is significantly lower than EEMX's 12.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ESGE vs. EEMX - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than EEMX's 0.30% expense ratio.
Risk-Adjusted Performance
ESGE vs. EEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX). 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.
Dividends
ESGE vs. EEMX - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.45%, more than EEMX's 1.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.45% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 1.96% | 2.20% | 2.38% | 1.72% | 1.42% | 2.57% | 2.41% | 2.45% | 0.15% |
Drawdowns
ESGE vs. EEMX - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, roughly equal to the maximum EEMX drawdown of -39.91%. Use the drawdown chart below to compare losses from any high point for ESGE and EEMX. For additional features, visit the drawdowns tool.
Volatility
ESGE vs. EEMX - Volatility Comparison
The current volatility for iShares ESG Aware MSCI EM ETF (ESGE) is 4.18%, while SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) has a volatility of 4.52%. This indicates that ESGE experiences smaller price fluctuations and is considered to be less risky than EEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.