ESGE
iShares ESG Aware MSCI EM ETF
ESGE an index composed of large- and mid-capitalization emerging market equities that have positive environmental, social and governance characteristics.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
5.0 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 28, 2016 |
| Assets (mns) | $5,020 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.1 % |
| TENCENT HOLDINGS LTD | 4.4 % |
| SAMSUNG ELECTRONICS CO LTD | 2.6 % |
| ALIBABA GROUP HOLDING LTD. | 2.4 % |
| CHINA CONSTRUCTION BANK-H | 1.8 % |
| HDFC BANK LIMITED | 1.8 % |
| XIAOMI CORP. CLASS B | 1.3 % |
| RELIANCE INDUSTRIES LTD | 1.3 % |
| HYNIX SEMICONDUCTOR INC | 1.3 % |
| E.SUN FINANCIAL HOLDING CO | 1.1 % |
Constituent Breakdown
| Number of holdings | 311 |
| Herfindahl-Hirschman Index | 193 |
| Wgt avg mkt cap (mns) | $161,794 |
| Large cap (>$10bn) | 70.9% |
| Mid cap ($2-10bn) | 18.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 3.0% |
| Emerging mkts. | 89.4% |
Country Exposure
 |
CHINA | 23.6 % |
 |
TAIWAN | 20.6 % |
 |
INDIA | 14.9 % |
 |
SOUTH KOREA | 10.9 % |
 |
BRAZIL | 3.0 % |
 |
SAUDI ARABIA | 3.0 % |
 |
SOUTH AFRICA | 2.6 % |
 |
MALAYSIA | 2.0 % |
 |
MEXICO | 1.7 % |
 |
HONG KONG | 1.5 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.3% | 16.8% | 11.3% | 6.6% | 4.1% | -- | -- | 4.1% |
| Dividend Yield | 0.0% | 1.9% | 2.4% | 2.4% | 2.3% | -- | -- | 2.2% |
| Total Returns | 17.3% | 18.7% | 13.7% | 9.1% | 6.4% | -- | -- | 6.3% | Ann. Volatility | 21.5% | 19.6% | 17.3% | 17.9% | 18.9% | -- | -- | 20.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 42% |
| MSCI EAFE | 0.83 | 57% |
| MSCI Emg Mkts | 1.03 | 92% |
Liquidity Measures
| Avg. volume (000) | 495 |
| ADV traded (mns) | $19 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| Recent close | $39.28 |
| 30d moving avg. | $38.06 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 66 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 59.5% | +5 bp | +10.9% |
| EEM | iShares MSCI Emerging Markets ETF | 59.4% | +44 bp | +10.8% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 57.1% | +24 bp | +10.6% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 55.1% | +45 bp | +9.8% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 53.4% | +41 bp | +10.1% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 52.9% | -10 bp | +8.3% |
| LDEM | iShares ESG MSCI EM Leaders ETF | 52.7% | -8 bp | +14.5% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 52.1% | -10 bp | +10.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 51.9% | -14 bp | +10.5% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 51.8% | -16 bp | +10.9% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
ESGE
10.5%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 115 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.7%. ESGE's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places ESGE in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ESGESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| (25 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ESGE | 25.0 | 0.0 | 25 |
| Peer Avg. | 47.5 | 42.4 | 89.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .