ESGE vs. FNDE
Compare and contrast key facts about iShares ESG Aware MSCI EM ETF (ESGE) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).
ESGE and FNDE 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. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both ESGE and FNDE 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 FNDE.
Performance
ESGE vs. FNDE - Performance Comparison
Returns By Period
In the year-to-date period, ESGE achieves a 8.74% return, which is significantly lower than FNDE's 14.45% return.
ESGE
8.74%
-5.31%
2.62%
11.30%
2.59%
N/A
FNDE
14.45%
-4.49%
1.94%
18.81%
5.58%
5.04%
Key characteristics
| ESGE | FNDE | |
|---|---|---|
| Sharpe Ratio | 0.80 | 1.20 |
| Sortino Ratio | 1.23 | 1.75 |
| Omega Ratio | 1.15 | 1.22 |
| Calmar Ratio | 0.41 | 1.38 |
| Martin Ratio | 3.88 | 5.70 |
| Ulcer Index | 3.29% | 3.54% |
| Daily Std Dev | 15.90% | 16.84% |
| Max Drawdown | -41.07% | -43.55% |
| Current Drawdown | -20.17% | -9.22% |
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ESGE vs. FNDE - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than FNDE's 0.39% expense ratio.
Correlation
The correlation between ESGE and FNDE is 0.89, 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.
Risk-Adjusted Performance
ESGE vs. FNDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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. FNDE - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.52%, less than FNDE's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.52% | 2.65% | 2.68% | 2.66% | 1.31% | 2.59% | 2.18% | 1.86% | 0.27% | 0.00% | 0.00% | 0.00% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 4.06% | 4.74% | 5.59% | 4.31% | 2.49% | 3.47% | 3.05% | 2.05% | 1.65% | 2.02% | 1.36% | 0.51% |
Drawdowns
ESGE vs. FNDE - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for ESGE and FNDE. For additional features, visit the drawdowns tool.
Volatility
ESGE vs. FNDE - Volatility Comparison
The current volatility for iShares ESG Aware MSCI EM ETF (ESGE) is 4.86%, while Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a volatility of 5.61%. This indicates that ESGE experiences smaller price fluctuations and is considered to be less risky than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.