ESGG vs. HYGV
ESGG (FlexShares STOXX Global ESG Select Index Fund) and HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) are both exchange-traded funds - ESGG is a Large Cap Growth Equities fund tracking the STOXX Global ESG Select KPIs Index, while HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index. Both are passively managed. Over the past 5 years, ESGG returned 12.05%/yr vs 3.36%/yr for HYGV. A 0.71 correlation means they provide meaningful diversification when combined. ESGG charges 0.42%/yr vs 0.37%/yr for HYGV.
Performance
ESGG vs. HYGV - Performance Comparison
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Returns By Period
In the year-to-date period, ESGG achieves a 11.97% return, which is significantly higher than HYGV's 1.71% return.
ESGG
- 1D
- -0.45%
- 1M
- 0.78%
- YTD
- 11.97%
- 6M
- 11.17%
- 1Y
- 25.48%
- 3Y*
- 20.41%
- 5Y*
- 12.05%
- 10Y*
- —
HYGV
- 1D
- 0.02%
- 1M
- 0.62%
- YTD
- 1.71%
- 6M
- 1.65%
- 1Y
- 6.01%
- 3Y*
- 8.60%
- 5Y*
- 3.36%
- 10Y*
- —
ESGG vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESGG FlexShares STOXX Global ESG Select Index Fund | 11.97% | 24.01% | 14.48% | 25.57% | -18.66% | 23.76% | 17.32% | 29.10% | -11.36% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.71% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
Correlation
The correlation between ESGG and HYGV is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.71 |
The correlation between ESGG and HYGV has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
ESGG vs. HYGV — Risk / Return Rank
ESGG
HYGV
ESGG vs. HYGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.
| ESGG | HYGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.25 | +0.54 |
| Martin ratioReturn relative to average drawdown | 12.00 | 9.67 | +2.32 |
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Drawdowns
ESGG vs. HYGV - Drawdown Comparison
The maximum ESGG drawdown since its inception was -32.31%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for ESGG and HYGV.
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Drawdown Indicators
| ESGG | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -23.47% | -8.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.16% | -2.68% | -6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -5.56% | -11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | -17.12% | -10.45% |
Current DrawdownCurrent decline from peak | -2.87% | -0.25% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -3.30% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.62% | +1.51% |
Volatility
ESGG vs. HYGV - Volatility Comparison
FlexShares STOXX Global ESG Select Index Fund (ESGG) has a higher volatility of 5.31% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.04%. This indicates that ESGG's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGG | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 1.04% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 3.09% | +7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 3.88% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 7.60% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 9.17% | +7.36% |
ESGG vs. HYGV - Expense Ratio Comparison
ESGG has a 0.42% expense ratio, which is higher than HYGV's 0.37% expense ratio.
Dividends
ESGG vs. HYGV - Dividend Comparison
ESGG's dividend yield for the trailing twelve months is around 1.32%, less than HYGV's 7.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGG FlexShares STOXX Global ESG Select Index Fund | 1.32% | 1.39% | 1.84% | 1.73% | 1.83% | 1.34% | 1.36% | 1.94% | 2.12% | 1.71% | 0.87% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.38% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% |
Frequently Asked Questions
ESGG and HYGV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESGG has higher volatility (5.31%) compared to HYGV (1.04%). In terms of maximum drawdown, ESGG dropped -32.31% vs HYGV's -23.47%.
On 5-year performance, ESGG leads with 12.05% vs 3.36% for HYGV. On fees, HYGV is cheaper at 0.37% per year. On volatility, HYGV has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ESGG has performed better with a 12.05% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYGV is cheaper with a 0.37% expense ratio, compared with 0.42% for ESGG.
HYGV has the higher dividend yield at 7.38%, compared with 1.32% for ESGG.
ESGG is categorized as Large Cap Growth Equities, while HYGV is High Yield Bonds. ESGG tracks STOXX Global ESG Select KPIs Index, while HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index. Their fees differ too: 0.42% for ESGG and 0.37% for HYGV.
ESGG currently has the higher Sharpe Ratio (2.01 vs 1.56), 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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