Correlation
The correlation between ESGG and GGRO.TO is 0.79, 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. GGRO.TO
Compare and contrast key facts about FlexShares STOXX Global ESG Select Index Fund (ESGG) and iShares ESG Growth ETF Portfolio (GGRO.TO).
ESGG and GGRO.TO 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. GGRO.TO is an actively managed fund by iShares. It was launched on Sep 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESGG or GGRO.TO.
Performance
ESGG vs. GGRO.TO - Performance Comparison
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Key characteristics
ESGG:
0.80
GGRO.TO:
1.08
ESGG:
1.13
GGRO.TO:
1.49
ESGG:
1.16
GGRO.TO:
1.21
ESGG:
0.75
GGRO.TO:
1.01
ESGG:
3.34
GGRO.TO:
3.76
ESGG:
3.78%
GGRO.TO:
3.68%
ESGG:
17.64%
GGRO.TO:
13.04%
ESGG:
-32.31%
GGRO.TO:
-22.14%
ESGG:
-0.22%
GGRO.TO:
-1.79%
Returns By Period
In the year-to-date period, ESGG achieves a 7.30% return, which is significantly higher than GGRO.TO's 3.20% return.
ESGG
7.30%
5.26%
4.79%
12.87%
13.04%
14.44%
N/A
GGRO.TO
3.20%
4.75%
0.17%
14.05%
13.67%
N/A
N/A
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ESGG vs. GGRO.TO - Expense Ratio Comparison
ESGG has a 0.42% expense ratio, which is higher than GGRO.TO's 0.25% expense ratio.
Risk-Adjusted Performance
ESGG vs. GGRO.TO — Risk-Adjusted Performance Rank
ESGG
GGRO.TO
ESGG vs. GGRO.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) and iShares ESG Growth ETF Portfolio (GGRO.TO). 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. GGRO.TO - Dividend Comparison
ESGG's dividend yield for the trailing twelve months is around 1.75%, more than GGRO.TO's 1.62% 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% |
GGRO.TO iShares ESG Growth ETF Portfolio | 1.62% | 1.63% | 1.89% | 1.69% | 1.43% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ESGG vs. GGRO.TO - Drawdown Comparison
The maximum ESGG drawdown since its inception was -32.31%, which is greater than GGRO.TO's maximum drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for ESGG and GGRO.TO.
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Volatility
ESGG vs. GGRO.TO - Volatility Comparison
FlexShares STOXX Global ESG Select Index Fund (ESGG) has a higher volatility of 3.48% compared to iShares ESG Growth ETF Portfolio (GGRO.TO) at 3.05%. This indicates that ESGG's price experiences larger fluctuations and is considered to be riskier than GGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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