ETHI.AX vs. ESGI.AX

Last updated Jul 16, 2026

ETHI.AX (Betashares Global Sustainability Leaders ETF) and ESGI.AX (VanEck MSCI International Sustainable Equity ETF) are both Global Equities funds - ETHI.AX tracks the Nasdaq Future Global Sustainability Leaders Index while ESGI.AX tracks the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. Both are passively managed. Over the past 5 years, ETHI.AX returned 9.58%/yr vs 10.39%/yr for ESGI.AX. A 0.74 correlation means they provide meaningful diversification when combined. ETHI.AX charges 0.59%/yr vs 0.55%/yr for ESGI.AX.

Performance

ETHI.AX vs. ESGI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Global Sustainability Leaders ETF (ETHI.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHI.AX achieves a 3.99% return, which is significantly lower than ESGI.AX's 6.43% return.

ETHI.AX

• 1D: -0.24%
• 1M: 3.31%
• 6M: 4.06%
• YTD: 3.99%
• 1Y: 9.57%
• 3Y*: 13.69%
• 5Y*: 9.58%
• 10Y*: —

ESGI.AX

• 1D: -0.45%
• 1M: 4.59%
• 6M: 4.93%
• YTD: 6.43%
• 1Y: 8.19%
• 3Y*: 14.32%
• 5Y*: 10.39%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHI.AX vs. ESGI.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ETHI.AX Betashares Global Sustainability Leaders ETF	3.99%	4.56%	27.20%	22.81%	-15.53%	31.01%	24.65%	36.89%	4.04%
ESGI.AX VanEck MSCI International Sustainable Equity ETF	6.43%	6.29%	23.14%	16.95%	-7.32%	24.77%	4.97%	28.97%	-2.79%

Correlation

The correlation between ETHI.AX and ESGI.AX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018	0.74

The correlation between ETHI.AX and ESGI.AX shifts across timeframes, from 0.73 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ETHI.AX vs. ESGI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETHI.AX

ETHI.AX Risk / Return Rank: 24
ETHI.AX Sharpe Ratio Rank: 28
ETHI.AX Sortino Ratio Rank: 27
ETHI.AX Omega Ratio Rank: 28
ETHI.AX Calmar Ratio Rank: 19
ETHI.AX Martin Ratio Rank: 18

ESGI.AX

ESGI.AX Risk / Return Rank: 19
ESGI.AX Sharpe Ratio Rank: 21
ESGI.AX Sortino Ratio Rank: 21
ESGI.AX Omega Ratio Rank: 20
ESGI.AX Calmar Ratio Rank: 17
ESGI.AX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETHI.AX vs. ESGI.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Sustainability Leaders ETF (ETHI.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX). 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.

	ETHI.AX	ESGI.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.62	+0.25
Sortino ratio: Return per unit of downside risk	1.28	0.98	+0.30
Omega ratio: Gain probability vs. loss probability	1.17	1.12	+0.05
Calmar ratio: Return relative to maximum drawdown	0.68	0.60	+0.08
Martin ratio: Return relative to average drawdown	1.60	1.38	+0.23

ETHI.AX vs. ESGI.AX - Sharpe Ratio Comparison

The current ETHI.AX Sharpe Ratio is 0.87, which is higher than the ESGI.AX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ETHI.AX and ESGI.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHI.AX vs. ESGI.AX - Drawdown Comparison

The maximum ETHI.AX drawdown since its inception was -25.44%, which is greater than ESGI.AX's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for ETHI.AX and ESGI.AX.

Drawdown Indicators

	ETHI.AX	ESGI.AX	Difference
Max Drawdown Largest peak-to-trough decline	-25.44%	-22.88%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	-14.99%	-14.92%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-15.65%	-14.92%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	-19.38%	-6.06%
Current Drawdown Current decline from peak	-1.00%	-1.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.63%	-4.51%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.42%	6.53%	-0.11%

Volatility

ETHI.AX vs. ESGI.AX - Volatility Comparison

The current volatility for Betashares Global Sustainability Leaders ETF (ETHI.AX) is 2.80%, while VanEck MSCI International Sustainable Equity ETF (ESGI.AX) has a volatility of 3.61%. This indicates that ETHI.AX experiences smaller price fluctuations and is considered to be less risky than ESGI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHI.AX	ESGI.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	3.61%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	12.18%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	14.33%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	13.00%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.73%	13.86%	+0.87%

ETHI.AX vs. ESGI.AX - Expense Ratio Comparison

ETHI.AX has a 0.59% expense ratio, which is higher than ESGI.AX's 0.55% expense ratio.

Dividends

ETHI.AX vs. ESGI.AX - Dividend Comparison

ETHI.AX's dividend yield for the trailing twelve months is around 1.55%, less than ESGI.AX's 2.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESGI.AX VanEck MSCI International Sustainable Equity ETF	2.71%	6.43%	6.58%	3.35%	2.39%	1.42%	1.50%	1.55%	0.52%	0.00%
ETHI.AX Betashares Global Sustainability Leaders ETF	1.55%	1.86%	2.11%	4.40%	2.43%	5.04%	10.20%	3.90%	1.69%	1.13%

Frequently Asked Questions

Can I hold both ETHI.AX and ESGI.AX in my portfolio?

ETHI.AX and ESGI.AX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHI.AX or ESGI.AX?

On fees, ESGI.AX is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHI.AX or ESGI.AX?

ESGI.AX is cheaper with a 0.55% expense ratio, compared with 0.59% for ETHI.AX.

What is the main difference between ETHI.AX and ESGI.AX?

ETHI.AX tracks Nasdaq Future Global Sustainability Leaders Index, while ESGI.AX tracks MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. They also come from different issuers: BetaShares and VanEck. Their fees differ too: 0.59% for ETHI.AX and 0.55% for ESGI.AX.