ESMV vs. ESGD
ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and ESGD (iShares ESG Aware MSCI EAFE ETF) are both exchange-traded funds - ESMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross, while ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index. Both are passively managed. Over the past 3 years, ESMV returned 11.27%/yr vs 15.89%/yr for ESGD. A 0.63 correlation means they provide meaningful diversification when combined. ESMV charges 0.18%/yr vs 0.20%/yr for ESGD.
Performance
ESMV vs. ESGD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESMV achieves a 5.28% return, which is significantly lower than ESGD's 8.31% return.
ESMV
- 1D
- -0.78%
- 1M
- 3.36%
- YTD
- 5.28%
- 6M
- 5.39%
- 1Y
- 6.76%
- 3Y*
- 11.27%
- 5Y*
- —
- 10Y*
- —
ESGD
- 1D
- -0.81%
- 1M
- 3.52%
- YTD
- 8.31%
- 6M
- 10.53%
- 1Y
- 20.25%
- 3Y*
- 15.89%
- 5Y*
- 7.90%
- 10Y*
- —
ESMV vs. ESGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 5.28% | 5.34% | 13.06% | 12.20% | -11.08% | 3.20% |
ESGD iShares ESG Aware MSCI EAFE ETF | 8.31% | 29.63% | 3.95% | 18.53% | -15.17% | -2.02% |
Correlation
The correlation between ESMV and ESGD is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.63 |
The correlation between ESMV and ESGD has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESMV vs. ESGD — Risk / Return Rank
ESMV
ESGD
ESMV vs. ESGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and iShares ESG Aware MSCI EAFE ETF (ESGD). 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.
| ESMV | ESGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.74 | -0.77 |
| Martin ratioReturn relative to average drawdown | 2.97 | 6.53 | -3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ESMV | ESGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.34 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.57 | -0.14 |
Drawdowns
ESMV vs. ESGD - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, smaller than the maximum ESGD drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for ESMV and ESGD.
Loading charts...
Drawdown Indicators
| ESMV | ESGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.77% | -33.70% | +13.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -11.68% | +4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -13.86% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.03% | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.36% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -6.19% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 3.11% | -0.83% |
Volatility
ESMV vs. ESGD - Volatility Comparison
The current volatility for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is 2.25%, while iShares ESG Aware MSCI EAFE ETF (ESGD) has a volatility of 4.88%. This indicates that ESMV experiences smaller price fluctuations and is considered to be less risky than ESGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESMV | ESGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 4.88% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 12.59% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 15.22% | -5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.24% | 16.61% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.24% | 16.97% | -3.73% |
ESMV vs. ESGD - Expense Ratio Comparison
ESMV has a 0.18% expense ratio, which is lower than ESGD's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESMV vs. ESGD - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.58%, less than ESGD's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGD iShares ESG Aware MSCI EAFE ETF | 3.33% | 3.60% | 3.23% | 3.02% | 2.59% | 2.75% | 1.63% | 2.57% | 2.69% | 2.65% | 0.09% |
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.58% | 1.56% | 1.71% | 1.75% | 1.66% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESMV and ESGD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESGD has higher volatility (4.88%) compared to ESMV (2.25%). In terms of maximum drawdown, ESMV dropped -19.77% vs ESGD's -33.70%.
On 3-year performance, ESGD leads with 15.89% vs 11.27% for ESMV. On fees, ESMV is cheaper at 0.18% per year. On volatility, ESMV has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ESGD has performed better with a 15.89% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESMV is cheaper with a 0.18% expense ratio, compared with 0.20% for ESGD.
ESGD has the higher dividend yield at 3.33%, compared with 1.58% for ESMV.
ESMV is categorized as Large Cap Blend Equities, while ESGD is Foreign Large Cap Equities. ESMV tracks MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross, while ESGD tracks MSCI EAFE Extended ESG Focus Index. Their fees differ too: 0.18% for ESMV and 0.20% for ESGD.
ESGD currently has the higher Sharpe Ratio (1.34 vs 0.67), 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.
Find the right allocation for ESMV and ESGD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer