ESGE vs. FSSGX
ESGE (iShares ESG Aware MSCI EM ETF) and FSSGX (Fidelity SAI Sustainable Emerging Markets Equity Fund) are both Emerging Markets Equities funds. ESGE is passively managed, while FSSGX is actively managed. Over the past 3 years, ESGE returned 18.81%/yr vs 20.25%/yr for FSSGX. Their 0.95 correlation means they have historically moved very closely together. ESGE charges 0.25%/yr vs 0.95%/yr for FSSGX.
Performance
ESGE vs. FSSGX - Performance Comparison
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Returns By Period
In the year-to-date period, ESGE achieves a 17.50% return, which is significantly lower than FSSGX's 19.20% return.
ESGE
- 1D
- 0.92%
- 1M
- -1.79%
- 6M
- 9.17%
- YTD
- 17.50%
- 1Y
- 34.75%
- 3Y*
- 18.81%
- 5Y*
- 6.80%
- 10Y*
- 8.88%
- ALL TIME*
- 8.86%
FSSGX
- 1D
- 3.86%
- 1M
- -3.64%
- 6M
- 8.76%
- YTD
- 19.20%
- 1Y
- 39.39%
- 3Y*
- 20.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $53.52M | $39.94M | $58.74M | |
| $0.00 | $0.00 | $0.00 |
ESGE vs. FSSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 17.50% | 35.86% | 6.63% | 9.51% | -10.03% |
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund | 19.20% | 38.40% | 7.34% | 11.67% | -7.56% |
Correlation
The correlation between ESGE and FSSGX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.95 |
The correlation between ESGE and FSSGX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
ESGE vs. FSSGX — Risk / Return Rank
ESGE
FSSGX
ESGE vs. FSSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX). 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 | FSSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.57 | -0.13 |
| Martin ratioReturn relative to average drawdown | 7.40 | 8.07 | -0.67 |
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Drawdowns
ESGE vs. FSSGX - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, which is greater than FSSGX's maximum drawdown of -24.11%. Use the drawdown chart below to compare losses from any high point for ESGE and FSSGX.
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Drawdown Indicators
| ESGE | FSSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.07% | -24.11% | -16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -14.53% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -15.80% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.07% | — | — |
Current DrawdownCurrent decline from peak | -9.30% | -11.23% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -5.50% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 4.62% | -0.04% |
Volatility
ESGE vs. FSSGX - Volatility Comparison
iShares ESG Aware MSCI EM ETF (ESGE) and Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) have volatilities of 9.09% and 9.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGE | FSSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 9.54% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.33% | 21.96% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.45% | 24.32% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 20.21% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 20.21% | +0.14% |
ESGE vs. FSSGX - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than FSSGX's 0.95% expense ratio.
Dividends
ESGE vs. FSSGX - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.20%, less than FSSGX's 2.40% yield.
| 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% |
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund | 2.40% | 2.87% | 3.83% | 1.01% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, ESGE and FSSGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSSGX has higher volatility (9.54%) compared to ESGE (9.09%). In terms of maximum drawdown, ESGE dropped -41.07% vs FSSGX's -24.11%.
FSSGX currently has the higher Sharpe Ratio (1.54 vs 1.39), 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.
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