Correlation
The correlation between ESGG and EFAX is 0.72, 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.
ESGG vs. EFAX
Compare and contrast key facts about FlexShares STOXX Global ESG Select Index Fund (ESGG) and SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX).
ESGG and EFAX 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. EFAX is a passively managed fund by State Street that tracks the performance of the MSCI EAFE ex Fossil Fuels Index. It was launched on Oct 24, 2016. Both ESGG and EFAX 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 EFAX.
Performance
ESGG vs. EFAX - Performance Comparison
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Key characteristics
ESGG:
0.80
EFAX:
0.90
ESGG:
1.13
EFAX:
1.31
ESGG:
1.16
EFAX:
1.18
ESGG:
0.75
EFAX:
1.12
ESGG:
3.34
EFAX:
3.36
ESGG:
3.78%
EFAX:
4.51%
ESGG:
17.64%
EFAX:
17.71%
ESGG:
-32.31%
EFAX:
-32.53%
ESGG:
-0.22%
EFAX:
-0.52%
Returns By Period
In the year-to-date period, ESGG achieves a 7.30% return, which is significantly lower than EFAX's 18.11% return.
ESGG
7.30%
5.26%
4.79%
12.87%
13.04%
14.44%
N/A
EFAX
18.11%
4.79%
14.69%
14.90%
11.98%
11.07%
N/A
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ESGG vs. EFAX - Expense Ratio Comparison
ESGG has a 0.42% expense ratio, which is higher than EFAX's 0.20% expense ratio.
Risk-Adjusted Performance
ESGG vs. EFAX — Risk-Adjusted Performance Rank
ESGG
EFAX
ESGG vs. EFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) and SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX). 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.
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Dividends
ESGG vs. EFAX - Dividend Comparison
ESGG's dividend yield for the trailing twelve months is around 1.75%, less than EFAX's 2.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESGG FlexShares STOXX Global ESG Select Index Fund | 1.75% | 1.84% | 1.73% | 1.83% | 1.34% | 1.36% | 1.94% | 2.12% | 1.71% | 0.87% |
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF | 2.32% | 2.74% | 2.71% | 2.81% | 2.58% | 1.69% | 2.71% | 3.05% | 2.89% | 0.26% |
Drawdowns
ESGG vs. EFAX - Drawdown Comparison
The maximum ESGG drawdown since its inception was -32.31%, roughly equal to the maximum EFAX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for ESGG and EFAX.
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Volatility
ESGG vs. EFAX - Volatility Comparison
FlexShares STOXX Global ESG Select Index Fund (ESGG) has a higher volatility of 3.48% compared to SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) at 3.25%. This indicates that ESGG's price experiences larger fluctuations and is considered to be riskier than EFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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