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GGRO.TO vs. ESGG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GGRO.TO vs. ESGG

Last updated Jun 4, 2026

GGRO.TO (iShares ESG Growth ETF Portfolio) and ESGG (FlexShares STOXX Global ESG Select Index Fund) are both exchange-traded funds - GGRO.TO is a Diversified Portfolio fund actively managed by iShares, while ESGG is a Large Cap Growth Equities fund tracking the STOXX Global ESG Select KPIs Index. GGRO.TO is actively managed, while ESGG is passively managed. Over the past 5 years, GGRO.TO returned 11.21%/yr vs 16.01%/yr for ESGG. A 0.74 correlation means they provide meaningful diversification when combined. GGRO.TO charges 0.25%/yr vs 0.42%/yr for ESGG.

Performance

GGRO.TO vs. ESGG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Growth ETF Portfolio (GGRO.TO) and FlexShares STOXX Global ESG Select Index Fund (ESGG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GGRO.TO is traded in CAD, while ESGG is traded in USD. To make them comparable, the ESGG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GGRO.TO achieves a 11.53% return, which is significantly lower than ESGG's 16.18% return.

GGRO.TO

1D
-0.62%
1M
6.36%
YTD
11.53%
6M
9.38%
1Y
22.46%
3Y*
19.13%
5Y*
11.21%
10Y*
—

ESGG

1D
-0.07%
1M
11.03%
YTD
16.18%
6M
15.83%
1Y
33.10%
3Y*
22.92%
5Y*
16.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GGRO.TO vs. ESGG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
GGRO.TO
iShares ESG Growth ETF Portfolio		11.53%14.24%20.48%19.18%-14.11%15.52%7.20%
ESGG
FlexShares STOXX Global ESG Select Index Fund		16.18%18.32%24.31%22.81%-12.86%22.64%8.87%

Correlation

The correlation between GGRO.TO and ESGG is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2020

0.74

The correlation between GGRO.TO and ESGG has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

GGRO.TO vs. ESGG - Sectors Allocation Comparison

Sectors
GGRO.TO
ESGG

Technology

27.5%
39.9%

Financial Services

23.1%
19.4%

Industrials

7.0%
5.2%

Basic Materials

5.7%
2.4%

Consumer Cyclical

3.8%
4.0%

Healthcare

3.7%
11.8%

Real Estate

2.3%
1.2%

Communication Services

2.3%
0.9%

Consumer Defensive

2.2%
5.0%

Utilities

0.8%
2.1%

Energy

0.0%
4.3%

Technology

GGRO.TO
27.5%
ESGG
39.9%

Financial Services

GGRO.TO
23.1%
ESGG
19.4%

Industrials

GGRO.TO
7.0%
ESGG
5.2%

Basic Materials

GGRO.TO
5.7%
ESGG
2.4%

Consumer Cyclical

GGRO.TO
3.8%
ESGG
4.0%

Healthcare

GGRO.TO
3.7%
ESGG
11.8%

Real Estate

GGRO.TO
2.3%
ESGG
1.2%

Communication Services

GGRO.TO
2.3%
ESGG
0.9%

Consumer Defensive

GGRO.TO
2.2%
ESGG
5.0%

Utilities

GGRO.TO
0.8%
ESGG
2.1%

Energy

GGRO.TO
0.0%
ESGG
4.3%

Compare stocks, funds, or ETFs

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iShares ESG Growth ETF Portfolio

FlexShares STOXX Global ESG Select Index Fund

Often compared with GGRO.TO:
GGRO.TO vs. VGRO.TOGGRO.TO vs. VFV.TOGGRO.TO vs. XEQT.TOGGRO.TO vs. GEQT.TOGGRO.TO vs. GBAL.TOGGRO.TO vs. ESGGGRO.TO vs. BAFWX
Often compared with ESGG:
ESGG vs. GGRG.LESGG vs. EFAXESGG vs. VUGESGG vs. CGWESGG vs. VOOESGG vs. XLGESGG vs. OMFL

Return for Risk

GGRO.TO vs. ESGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GGRO.TO
GGRO.TO Risk / Return Rank: 5858
Overall Rank
GGRO.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
GGRO.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
GGRO.TO Omega Ratio Rank: 5757
Omega Ratio Rank
GGRO.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
GGRO.TO Martin Ratio Rank: 6464
Martin Ratio Rank
ESGG
ESGG Risk / Return Rank: 7878
Overall Rank
ESGG Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
ESGG Sortino Ratio Rank: 8282
Sortino Ratio Rank
ESGG Omega Ratio Rank: 7878
Omega Ratio Rank
ESGG Calmar Ratio Rank: 6969
Calmar Ratio Rank
ESGG Martin Ratio Rank: 7979
Martin Ratio Rank
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.

GGRO.TO vs. ESGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Growth ETF Portfolio (GGRO.TO) and FlexShares STOXX Global ESG Select Index Fund (ESGG). 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.

GGRO.TOESGGDifference
Sharpe ratioReturn per unit of total volatility
1.89
2.87

-0.98

Sortino ratioReturn per unit of downside risk
2.63
4.01

-1.38

Omega ratioGain probability vs. loss probability

1.35

1.54

-0.19

Calmar ratioReturn relative to maximum drawdown

2.91

4.50

-1.59

Martin ratioReturn relative to average drawdown

11.75

18.29

-6.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGRO.TO vs. ESGG - Sharpe Ratio Comparison

The current GGRO.TO Sharpe Ratio is 1.89, which is lower than the ESGG Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of GGRO.TO and ESGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GGRO.TOESGGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

2.87

-0.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

1.17

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

1.07

1.03

+0.04

Drawdowns

GGRO.TO vs. ESGG - Drawdown Comparison

The maximum GGRO.TO drawdown since its inception was -22.13%, smaller than the maximum ESGG drawdown of -25.95%. Use the drawdown chart below to compare losses from any high point for GGRO.TO and ESGG.

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Drawdown Indicators

GGRO.TOESGGDifference

Max Drawdown

Largest peak-to-trough decline

-22.13%

-25.95%

+3.82%

Max Drawdown (1Y)

Largest decline over 1 year

-7.74%

-7.38%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-13.78%

-16.32%

+2.54%

Max Drawdown (5Y)

Largest decline over 5 years

-22.13%

-22.17%

+0.04%

Current Drawdown

Current decline from peak

-0.62%

-0.07%

-0.55%

Average Drawdown

Average peak-to-trough decline

-4.97%

-3.79%

-1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.81%

+0.11%

Volatility

GGRO.TO vs. ESGG - Volatility Comparison

iShares ESG Growth ETF Portfolio (GGRO.TO) has a higher volatility of 3.84% compared to FlexShares STOXX Global ESG Select Index Fund (ESGG) at 3.59%. This indicates that GGRO.TO's price experiences larger fluctuations and is considered to be riskier than ESGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GGRO.TOESGGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.84%

3.59%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

9.82%

9.34%

+0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

11.91%

11.59%

+0.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.76%

13.79%

-2.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.57%

14.62%

-3.05%

GGRO.TO vs. ESGG - Expense Ratio Comparison

GGRO.TO has a 0.25% expense ratio, which is lower than ESGG's 0.42% expense ratio.

Dividends

GGRO.TO vs. ESGG - Dividend Comparison

GGRO.TO's dividend yield for the trailing twelve months is around 1.38%, more than ESGG's 1.21% yield.

PositionTTM2025202420232022202120202019201820172016
ESGG
FlexShares STOXX Global ESG Select Index Fund		1.21%1.39%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		1.38%1.51%1.62%1.89%1.69%1.43%0.83%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GGRO.TO and ESGG have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GGRO.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GGRO.TO is cheaper with a 0.25% expense ratio, compared with 0.42% for ESGG.

GGRO.TO is categorized as Diversified Portfolio, while ESGG is Large Cap Growth Equities. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.25% for GGRO.TO and 0.42% for ESGG.

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