SUSL vs. EFIV
SUSL (iShares ESG MSCI USA Leaders ETF) and EFIV (State Street SPDR S&P 500 ESG ETF) are both exchange-traded funds - SUSL is a Large Cap Growth Equities fund tracking the MSCI USA Extended ESG Leaders Index, while EFIV is a S&P 500 fund tracking the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, SUSL returned 13.21%/yr vs 13.87%/yr for EFIV. Their 0.97 correlation means they have historically moved very closely together. Both charge a 0.10% expense ratio.
Performance
SUSL vs. EFIV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SUSL having a 12.03% return and EFIV slightly higher at 12.21%.
SUSL
- 1D
- 1.73%
- 1M
- 2.24%
- 6M
- 10.23%
- YTD
- 12.03%
- 1Y
- 24.28%
- 3Y*
- 21.39%
- 5Y*
- 13.21%
- 10Y*
- —
- ALL TIME*
- 16.67%
EFIV
- 1D
- 1.57%
- 1M
- 2.07%
- 6M
- 9.54%
- YTD
- 12.21%
- 1Y
- 25.97%
- 3Y*
- 20.83%
- 5Y*
- 13.87%
- 10Y*
- —
- ALL TIME*
- 17.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $6.45M | $3.68M | |
| $2.06M | $2.62M | $3.08M |
SUSL vs. EFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SUSL iShares ESG MSCI USA Leaders ETF | 12.03% | 18.97% | 23.51% | 29.08% | -20.22% | 31.53% | 15.96% |
EFIV State Street SPDR S&P 500 ESG ETF | 12.21% | 18.47% | 23.80% | 27.92% | -17.76% | 31.70% | 16.38% |
Correlation
The correlation between SUSL and EFIV is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.97 |
The correlation between SUSL and EFIV has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
SUSL vs. EFIV — Risk / Return Rank
SUSL
EFIV
SUSL vs. EFIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Leaders ETF (SUSL) and State Street SPDR S&P 500 ESG ETF (EFIV). 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.
| SUSL | EFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.76 | -0.62 |
| Martin ratioReturn relative to average drawdown | 8.82 | 12.05 | -3.23 |
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Drawdowns
SUSL vs. EFIV - Drawdown Comparison
The maximum SUSL drawdown since its inception was -34.26%, which is greater than EFIV's maximum drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for SUSL and EFIV.
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Drawdown Indicators
| SUSL | EFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -24.52% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -9.44% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -19.23% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -24.52% | -2.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.72% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.16% | +0.60% |
Volatility
SUSL vs. EFIV - Volatility Comparison
iShares ESG MSCI USA Leaders ETF (SUSL) has a higher volatility of 4.45% compared to State Street SPDR S&P 500 ESG ETF (EFIV) at 4.11%. This indicates that SUSL's price experiences larger fluctuations and is considered to be riskier than EFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUSL | EFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 4.11% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 10.54% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 12.97% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 17.08% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 16.81% | +2.92% |
SUSL vs. EFIV - Expense Ratio Comparison
Both SUSL and EFIV have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SUSL vs. EFIV - Dividend Comparison
SUSL's dividend yield for the trailing twelve months is around 0.92%, less than EFIV's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EFIV State Street SPDR S&P 500 ESG ETF | 0.95% | 1.03% | 1.20% | 1.37% | 1.64% | 1.19% | 0.65% | 0.00% |
SUSL iShares ESG MSCI USA Leaders ETF | 0.92% | 0.99% | 1.10% | 1.27% | 1.57% | 1.12% | 1.38% | 1.12% |
Frequently Asked Questions
With a correlation of 0.96, SUSL and EFIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SUSL has higher volatility (4.45%) compared to EFIV (4.11%). In terms of maximum drawdown, SUSL dropped -34.26% vs EFIV's -24.52%.
On 5-year performance, EFIV leads with 13.87% vs 13.21% for SUSL. Both ETFs have the same 0.10% expense ratio. On volatility, EFIV has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EFIV has performed better with a 13.87% return vs 13.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SUSL and EFIV have the same expense ratio: 0.10% per year.
EFIV has the higher dividend yield at 0.95%, compared with 0.92% for SUSL.
SUSL is categorized as Large Cap Growth Equities, while EFIV is S&P 500. SUSL tracks MSCI USA Extended ESG Leaders Index, while EFIV tracks S&P 500 Scored & Screened Index. They also come from different issuers: iShares and State Street.
EFIV currently has the higher Sharpe Ratio (2.01 vs 1.74), 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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