ESGE vs. GLD
Compare and contrast key facts about iShares ESG Aware MSCI EM ETF (ESGE) and SPDR Gold Trust (GLD).
ESGE and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both ESGE and GLD 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 GLD.
Key characteristics
| ESGE | GLD | |
|---|---|---|
| YTD Return | 11.79% | 32.25% |
| 1Y Return | 18.27% | 36.82% |
| 3Y Return (Ann) | -2.75% | 14.26% |
| 5Y Return (Ann) | 2.83% | 12.52% |
| Sharpe Ratio | 1.33 | 2.63 |
| Sortino Ratio | 1.95 | 3.52 |
| Omega Ratio | 1.24 | 1.45 |
| Calmar Ratio | 0.67 | 5.03 |
| Martin Ratio | 7.16 | 17.09 |
| Ulcer Index | 2.92% | 2.18% |
| Daily Std Dev | 15.62% | 14.23% |
| Max Drawdown | -41.07% | -45.56% |
| Current Drawdown | -17.93% | -1.81% |
Correlation
The correlation between ESGE and GLD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ESGE vs. GLD - Performance Comparison
In the year-to-date period, ESGE achieves a 11.79% return, which is significantly lower than GLD's 32.25% 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. GLD - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
ESGE vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.45%, while GLD has not paid dividends to shareholders.
| 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% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ESGE vs. GLD - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for ESGE and GLD. For additional features, visit the drawdowns tool.
Volatility
ESGE vs. GLD - Volatility Comparison
iShares ESG Aware MSCI EM ETF (ESGE) has a higher volatility of 4.18% compared to SPDR Gold Trust (GLD) at 3.46%. This indicates that ESGE's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.