ESGE vs. FIDLX

Last updated Jul 14, 2026

ESGE (iShares ESG Aware MSCI EM ETF) and FIDLX (Fidelity Advisor Large Cap Fund Class Z) are both funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index, while FIDLX is a Large Cap Value Equities fund managed by Fidelity. A 0.62 correlation means they provide meaningful diversification when combined. ESGE charges 0.25%/yr vs 0.42%/yr for FIDLX.

Performance

ESGE vs. FIDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware MSCI EM ETF (ESGE) and Fidelity Advisor Large Cap Fund Class Z (FIDLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESGE

• 1D: -3.62%
• 1M: -4.97%
• 6M: 11.26%
• YTD: 17.75%
• 1Y: 34.66%
• 3Y*: 19.28%
• 5Y*: 5.88%
• 10Y*: —

FIDLX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ESGE vs. FIDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESGE iShares ESG Aware MSCI EM ETF	17.75%	35.86%	6.63%	9.51%	-22.41%	-2.87%	18.60%	20.37%	-15.24%	28.79%
FIDLX Fidelity Advisor Large Cap Fund Class Z	0.02%	19.77%	26.52%	23.65%	-7.81%	25.99%	8.97%	31.90%	-8.31%	13.58%

Correlation

The correlation between ESGE and FIDLX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.62

Over the past year, the correlation between ESGE and FIDLX has dropped to 0.24 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

ESGE vs. FIDLX — Risk / Return Rank

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

ESGE

ESGE Risk / Return Rank: 58
ESGE Sharpe Ratio Rank: 54
ESGE Sortino Ratio Rank: 50
ESGE Omega Ratio Rank: 59
ESGE Calmar Ratio Rank: 63
ESGE Martin Ratio Rank: 62

FIDLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FIDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and Fidelity Advisor Large Cap Fund Class Z (FIDLX). 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	FIDLX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.51	—	—
Martin ratio: Return relative to average drawdown	8.74	—	—

Drawdowns

Drawdown Indicators

	ESGE	FIDLX	Difference
Max Drawdown Largest peak-to-trough decline	-41.07%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.46%	—	—
Current Drawdown Current decline from peak	-9.10%	—	—
Average Drawdown Average peak-to-trough decline	-14.36%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	—	—

Volatility

Volatility by Period

	ESGE	FIDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	—	—

ESGE vs. FIDLX - Expense Ratio Comparison

ESGE has a 0.25% expense ratio, which is lower than FIDLX's 0.42% expense ratio.

Dividends

ESGE vs. FIDLX - Dividend Comparison

ESGE's dividend yield for the trailing twelve months is around 2.20%, while FIDLX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESGE iShares ESG Aware MSCI EM ETF	2.20%	2.50%	2.41%	2.64%	2.68%	2.66%	1.31%	2.59%	2.19%	1.86%	0.27%
FIDLX Fidelity Advisor Large Cap Fund Class Z	5.87%	5.87%	6.23%	3.56%	2.42%	6.64%	5.53%	8.55%	17.01%	6.13%	0.00%

Frequently Asked Questions

Can I hold both ESGE and FIDLX in my portfolio?

ESGE and FIDLX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.