ESGE vs. IEMG
Compare and contrast key facts about iShares ESG Aware MSCI EM ETF (ESGE) and iShares Core MSCI Emerging Markets ETF (IEMG).
ESGE and IEMG 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both ESGE and IEMG 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 IEMG.
Performance
ESGE vs. IEMG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ESGE having a 8.74% return and IEMG slightly lower at 8.47%.
ESGE
8.74%
-5.31%
2.62%
11.30%
2.59%
N/A
IEMG
8.47%
-5.20%
0.80%
12.02%
3.90%
3.33%
Key characteristics
| ESGE | IEMG | |
|---|---|---|
| Sharpe Ratio | 0.80 | 0.89 |
| Sortino Ratio | 1.23 | 1.33 |
| Omega Ratio | 1.15 | 1.16 |
| Calmar Ratio | 0.41 | 0.53 |
| Martin Ratio | 3.88 | 4.32 |
| Ulcer Index | 3.29% | 3.10% |
| Daily Std Dev | 15.90% | 15.05% |
| Max Drawdown | -41.07% | -38.72% |
| Current Drawdown | -20.17% | -14.09% |
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ESGE vs. IEMG - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is higher than IEMG's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between ESGE and IEMG is 0.96, 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. IEMG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) and iShares Core MSCI Emerging Markets ETF (IEMG). 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. IEMG - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.52%, less than IEMG's 2.73% 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% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.73% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
Drawdowns
ESGE vs. IEMG - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, which is greater than IEMG's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for ESGE and IEMG. For additional features, visit the drawdowns tool.
Volatility
ESGE vs. IEMG - Volatility Comparison
iShares ESG Aware MSCI EM ETF (ESGE) has a higher volatility of 4.86% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 4.61%. This indicates that ESGE's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.