ETHO vs. ERTH
Compare and contrast key facts about Etho Climate Leadership U.S. ETF (ETHO) and Invesco MSCI Sustainable Future ETF (ERTH).
ETHO and ERTH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHO is a passively managed fund by ETFMG that tracks the performance of the Etho Climate Leadership Index. It was launched on Nov 18, 2015. ERTH is a passively managed fund by Invesco that tracks the performance of the MSCI Global Environment Select Index. It was launched on Oct 24, 2006. Both ETHO and ERTH 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: ETHO or ERTH.
Key characteristics
| ETHO | ERTH | |
|---|---|---|
| YTD Return | 13.55% | -9.87% |
| 1Y Return | 31.50% | 5.62% |
| 3Y Return (Ann) | -0.36% | -15.09% |
| 5Y Return (Ann) | 9.95% | 1.61% |
| Sharpe Ratio | 1.83 | 0.19 |
| Sortino Ratio | 2.57 | 0.43 |
| Omega Ratio | 1.33 | 1.05 |
| Calmar Ratio | 1.19 | 0.09 |
| Martin Ratio | 9.07 | 0.38 |
| Ulcer Index | 3.34% | 10.70% |
| Daily Std Dev | 16.53% | 21.13% |
| Max Drawdown | -36.67% | -64.46% |
| Current Drawdown | -1.84% | -40.70% |
Correlation
The correlation between ETHO and ERTH is 0.78, 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.
Performance
ETHO vs. ERTH - Performance Comparison
In the year-to-date period, ETHO achieves a 13.55% return, which is significantly higher than ERTH's -9.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ETHO vs. ERTH - Expense Ratio Comparison
ETHO has a 0.48% expense ratio, which is lower than ERTH's 0.55% expense ratio.
Risk-Adjusted Performance
ETHO vs. ERTH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Etho Climate Leadership U.S. ETF (ETHO) and Invesco MSCI Sustainable Future ETF (ERTH). 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.
Dividends
ETHO vs. ERTH - Dividend Comparison
ETHO's dividend yield for the trailing twelve months is around 1.11%, less than ERTH's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHO Etho Climate Leadership U.S. ETF | 1.11% | 1.55% | 1.09% | 0.67% | 0.75% | 0.82% | 0.91% | 0.81% | 1.17% | 0.00% | 0.00% | 0.00% |
ERTH Invesco MSCI Sustainable Future ETF | 1.20% | 1.28% | 1.22% | 15.33% | 0.21% | 0.50% | 0.61% | 0.87% | 1.06% | 0.79% | 0.83% | 0.85% |
Drawdowns
ETHO vs. ERTH - Drawdown Comparison
The maximum ETHO drawdown since its inception was -36.67%, smaller than the maximum ERTH drawdown of -64.46%. Use the drawdown chart below to compare losses from any high point for ETHO and ERTH. For additional features, visit the drawdowns tool.
Volatility
ETHO vs. ERTH - Volatility Comparison
The current volatility for Etho Climate Leadership U.S. ETF (ETHO) is 5.00%, while Invesco MSCI Sustainable Future ETF (ERTH) has a volatility of 6.38%. This indicates that ETHO experiences smaller price fluctuations and is considered to be less risky than ERTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.