ESGG vs. CGW
Compare and contrast key facts about FlexShares STOXX Global ESG Select Index Fund (ESGG) and Invesco S&P Global Water Index ETF (CGW).
ESGG and CGW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESGG is a passively managed fund by Northern Trust that tracks the performance of the STOXX Global ESG Select KPIs Index. It was launched on Jul 13, 2016. CGW is a passively managed fund by Invesco that tracks the performance of the S&P Global Water Index. It was launched on May 14, 2007. Both ESGG and CGW 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: ESGG or CGW.
Key characteristics
| ESGG | CGW | |
|---|---|---|
| YTD Return | 16.69% | 11.05% |
| 1Y Return | 28.19% | 26.83% |
| 3Y Return (Ann) | 6.32% | 0.64% |
| 5Y Return (Ann) | 12.61% | 10.18% |
| Sharpe Ratio | 2.41 | 1.87 |
| Sortino Ratio | 3.28 | 2.74 |
| Omega Ratio | 1.43 | 1.33 |
| Calmar Ratio | 3.28 | 1.27 |
| Martin Ratio | 14.39 | 9.20 |
| Ulcer Index | 1.91% | 2.91% |
| Daily Std Dev | 11.42% | 14.30% |
| Max Drawdown | -32.31% | -57.24% |
| Current Drawdown | -1.00% | -3.81% |
Correlation
The correlation between ESGG and CGW is 0.73, 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.
Performance
ESGG vs. CGW - Performance Comparison
In the year-to-date period, ESGG achieves a 16.69% return, which is significantly higher than CGW's 11.05% 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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ESGG vs. CGW - Expense Ratio Comparison
ESGG has a 0.42% expense ratio, which is lower than CGW's 0.57% expense ratio.
Risk-Adjusted Performance
ESGG vs. CGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) and Invesco S&P Global Water Index ETF (CGW). 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
ESGG vs. CGW - Dividend Comparison
ESGG's dividend yield for the trailing twelve months is around 1.62%, more than CGW's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGG FlexShares STOXX Global ESG Select Index Fund | 1.62% | 1.73% | 1.83% | 1.34% | 1.36% | 1.94% | 2.12% | 1.71% | 0.87% | 0.00% | 0.00% | 0.00% |
CGW Invesco S&P Global Water Index ETF | 1.40% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% | 1.52% |
Drawdowns
ESGG vs. CGW - Drawdown Comparison
The maximum ESGG drawdown since its inception was -32.31%, smaller than the maximum CGW drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for ESGG and CGW. For additional features, visit the drawdowns tool.
Volatility
ESGG vs. CGW - Volatility Comparison
The current volatility for FlexShares STOXX Global ESG Select Index Fund (ESGG) is 3.43%, while Invesco S&P Global Water Index ETF (CGW) has a volatility of 4.03%. This indicates that ESGG experiences smaller price fluctuations and is considered to be less risky than CGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.