ESGE vs. HYXF
ESGE (iShares ESG Aware MSCI EM ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, ESGE returned 7.48%/yr vs 3.71%/yr for HYXF. At a 0.46 correlation, their price movements are largely independent. ESGE charges 0.25%/yr vs 0.35%/yr for HYXF.
Performance
ESGE vs. HYXF - Performance Comparison
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Returns By Period
In the year-to-date period, ESGE achieves a 27.56% return, which is significantly higher than HYXF's 1.34% return.
ESGE
- 1D
- 2.95%
- 1M
- 8.60%
- YTD
- 27.56%
- 6M
- 30.80%
- 1Y
- 51.80%
- 3Y*
- 22.81%
- 5Y*
- 7.48%
- 10Y*
- —
HYXF
- 1D
- 0.29%
- 1M
- 1.24%
- YTD
- 1.34%
- 6M
- 1.95%
- 1Y
- 6.13%
- 3Y*
- 8.59%
- 5Y*
- 3.71%
- 10Y*
- 5.12%
ESGE vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 27.56% | 35.86% | 6.63% | 9.51% | -22.41% | -2.87% | 18.60% | 20.37% | -15.24% | 38.86% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.34% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
Correlation
The correlation between ESGE and HYXF is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2016 | 0.46 |
The correlation between ESGE and HYXF shifts across timeframes, from 0.46 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESGE vs. HYXF — Risk / Return Rank
ESGE
HYXF
ESGE vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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 | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 2.40 | +1.35 |
| Martin ratioReturn relative to average drawdown | 14.02 | 10.72 | +3.31 |
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Drawdowns
ESGE vs. HYXF - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, which is greater than HYXF's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for ESGE and HYXF.
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Drawdown Indicators
| ESGE | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.07% | -18.75% | -22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -2.57% | -11.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -4.81% | -11.90% |
Max Drawdown (5Y)Largest decline over 5 years | -39.18% | -16.00% | -23.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.75% | — |
Current DrawdownCurrent decline from peak | -0.68% | 0.00% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -2.57% | -11.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 0.57% | +3.13% |
Volatility
ESGE vs. HYXF - Volatility Comparison
iShares ESG Aware MSCI EM ETF (ESGE) has a higher volatility of 11.18% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.29%. This indicates that ESGE's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGE | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.18% | 1.29% | +9.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 3.01% | +16.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 3.83% | +18.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 8.05% | +11.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 8.31% | +11.79% |
ESGE vs. HYXF - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than HYXF's 0.35% expense ratio.
Dividends
ESGE vs. HYXF - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.69%, less than HYXF's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.69% | 2.50% | 2.41% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.07% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
Frequently Asked Questions
ESGE and HYXF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESGE has higher volatility (11.18%) compared to HYXF (1.29%). In terms of maximum drawdown, ESGE dropped -41.07% vs HYXF's -18.75%.
On 5-year performance, ESGE leads with 7.48% vs 3.71% for HYXF. On fees, ESGE is cheaper at 0.25% per year. On volatility, HYXF has been the lower-risk option at 1.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ESGE has performed better with a 7.48% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESGE is cheaper with a 0.25% expense ratio, compared with 0.35% for HYXF.
HYXF has the higher dividend yield at 6.07%, compared with 2.69% for ESGE.
ESGE is categorized as Emerging Markets Equities, while HYXF is High Yield Bonds. ESGE tracks MSCI EM Extended ESG Focus Index, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Their fees differ too: 0.25% for ESGE and 0.35% for HYXF.
ESGE currently has the higher Sharpe Ratio (2.38 vs 1.61), 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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