CVIE vs ESGD: Grades, Fees and Holdings Compared

Calvert International Responsible Index ETF

CVIEBNYSE Arca

iShares ESG Aware MSCI EAFE ETF

ESGDANasdaq

Overlap

53.0%by weight

Expense ratio

CVIE −0.02pt a year

CVIE0.18%ESGD0.20%

Avg volume · 30D

ESGD 12.6×the volume

CVIE24.6KESGD309K

3Y return · a year

CVIE +3.7pt

CVIE+22.8%ESGD+19.1%

CVIE vs ESGD Performance

Oct 31, 2025 – Oct 30, 2026

+17.9%CVIE+13.0%ESGD

Expense ratio: CVIE 0.18%, better; ESGD 0.20%
Fund size: CVIE $502M; ESGD $11.8B
1Y total return: CVIE +17.9%, better; ESGD +13.0%
Yield (12M): CVIE 2.47%; ESGD 3.33%, better
Holdings: CVIE 741; ESGD 349
Avg volume (30D): CVIE 24.6K sh; ESGD 309K sh, better
NAV per share: CVIE $80.89; ESGD $102.56
52W range

ETF.net Grade

Pillar letters and Scores for CVIE, ESGD, with each pillar’s weight
Pillar	CVIE	ESGD
Cost30% weight	A76Higher	B68
Mission25% weight	B64	A100Higher
Risk15% weight	C44	B55Higher
Tradability15% weight	C40	A91Higher
Holdings10% weight	C54	A77Higher
Durability5% weight	C53	A95Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. CVIE and ESGD are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

ESGD ranks 2nd and CVIE 9th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 7BNUDMNuveen ESG International Developed Markets EquityScore 60
Rank 9BCVIECalvert International Responsible Index ETFScore 59
Rank 9BDFSIDimensional International Sustainability Core 1 ETFScore 59

Our read on each fund

ETF.net Research

CVIEBCalvert International Responsible Index ETF

ESGDAiShares ESG Aware MSCI EAFE ETF

In short

CVIE A responsible-investing take on developed markets outside the US, built on Calvert's own index rather than a licensed screen, for 0.18% a year. That is roughly half the typical fee in its peer group.

ESGD The plain-vanilla international index fund, ESG-screened. Roughly 400 developed-market stocks from outside the US and Canada, tracking an MSCI EAFE ESG Focus index since 2016, for 0.20% a year.

Stated mandate

CVIE The Fund seeks to track the Calvert International Responsible Index. It uses passive indexing and invests primarily in securities represented by that index.

ESGD The fund seeks to track an index of international developed-market stocks outside the United States and Canada that have positive aggregate environmental, social, and governance characteristics.

Why people hold it

CVIE 0.18% a year: roughly half the typical fee among the international index funds we track, and level with unscreened GXUS.
The screen is in-house. It tracks the Calvert International Responsible Index, so the research and the fund come from the same shop, not a rented third-party benchmark.
Straightforward build: a registered 1940 Act fund that passively indexes developed-market stocks, with cash paid out quarterly.
Lands in the upper half of its international index-fund peer group on our review.

ESGD Costs 0.20% a year, below the typical fee in its international ESG peer group.
Roughly 400 stocks spanning developed markets outside the US and Canada: broad-market coverage, not a narrow thematic bet.ishares.com
Tracks the MSCI EAFE Extended ESG Focus Index, keeping the familiar developed-markets shape while tilting toward companies with better aggregate ESG characteristics.ishares.com
A multi-billion-dollar fund trading since 2016, and one of the sturdier builds in its peer group.

Worth knowing

CVIE Thinly traded next to the category's giants, so the spread and a limit order matter more here.
Developed markets only, and it opened in 2023: no emerging-market sleeve, and a short record to judge.
Cheap for a screened fund, but broad unscreened rivals go lower. VXUS charges 0.05%.

ESGD Cheaper tickets exist on the same shelf: VSGX at 0.10%, iShares' own DMXF at 0.12%. The fee here buys scale, not the lowest sticker.
The ESG screen leaves holdings different from a plain EAFE fund, so results can drift from the unscreened index in either direction.
Moderately traded rather than one of the busiest tapes in the category, and distributions land once or twice a year rather than monthly.

Full CVIE profile⁠

Full ESGD profile⁠

CVIE vs ESGD Holdings

How CVIE and ESGD differ

Overlap by weight

53.0%

Shared holdings make up 87.8% of ESGD and 55.5% of CVIE.

Level by level

Holdings281 in both53.0%
Countryby domicile68.2%
Sector11 Sectors85.4%
Asset classEquity100%

Sector

Sector weights in CVIE and ESGD, widest gap first
Sector	More in CVIEMore in ESGD	CVIE	ESGD
Technology	CVIE +13.4 points	24.4%	11.0%
Industrials	ESGD +3.8 points	14.8%	18.6%
Energy	ESGD +3.3 points	1.0%	4.3%
Health Care	ESGD +2.4 points	8.2%	10.6%
Consumer Discretionary	ESGD +2.2 points	5.6%	7.8%
Consumer Staples	ESGD +1.2 points	5.5%	6.7%
Financials	ESGD +0.8 points	25.6%	26.4%
Materials	CVIE +0.7 points	6.3%	5.6%
Utilities	ESGD +0.6 points	3.2%	3.8%
Real Estate	ESGD +0.5 points	1.2%	1.7%
Communication	CVIE +0.4 points	4.0%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in CVIE and ESGD, widest gap first
Country	More in CVIEMore in ESGD	CVIE	ESGD
Taiwan	CVIE +10.5 points	10.5%	0.0%
Canada	CVIE +10.2 points	10.2%	0.0%
Japan	ESGD +8.4 points	16.3%	24.7%
South Korea	CVIE +7.3 points	7.3%	0.0%
United Kingdom	ESGD +5.0 points	9.4%	14.4%
Switzerland	ESGD +2.8 points	7.9%	10.7%
France	ESGD +2.8 points	6.0%	8.8%
Germany	ESGD +2.5 points	6.4%	8.9%
Other countries (18)	ESGD +6.6 points	26.0%	32.6%

Outside the US: CVIE 81% developed, 19% emerging. ESGD 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

CVIE19.3%
ESGD14.4%

Securities held

CVIE726
ESGD332

Asset class

CVIE: Equity
ESGD: Equity

Holdings

Only in CVIE445
In both281
Only in ESGD51

Only in CVIE

445 securities, 44.2% of CVIE by weight

Taiwan Semiconductor5.72%
Samsung Electronics Co2.93%
Sk Hynix Inc Common Stock2.10%
Royal Bank of Canada1.04%
Toronto-Dominion Bank/The0.80%
Mediatek Inc Common Stock0.60%
Bank of Montreal Common0.47%
Bank of Nova Scotia/The0.47%
Canadian Imperial Bank of0.46%
Agnico Eagle Mines Ltd0.41%
Canadian Pacific Kansas0.36%
Manulife Financial Corp0.35%
Cie Financiere Richemont0.33%
Brookfield Corp Common0.32%
Spotify Technology SA0.31%
Investor Ab Common Stock0.30%
Canadian National Railway0.29%
Teck Resources Ltd Common0.28%
Delta Electronics Inc0.27%
Nxp Semiconductors NV0.26%
Ase Technology Holding Co0.25%
Cameco Corp Common Stock0.23%
Argenx SE0.23%
Cie De Saint-Gobain SA0.23%
Vinci SA Common Stock Eur0.23%
Alimentation Couche-Tard0.22%
Waste Connections Inc0.22%
National Bank of Canada0.22%
Geberit AG Common Stock0.21%
Power Corp of Canada0.20%
Samsung Electro-Mechanics0.20%
Sun Life Financial Inc0.20%
Volvo Ab Common Stock Sek0.20%
Fubon Financial Holding0.19%
Constellation Software0.19%
Kinross Gold Corp Common0.19%
Sk Square Co Ltd Common0.18%
Goodman Group Stapled0.18%
Ctbc Financial Holding Co0.18%
Dollarama Inc Common0.18%
Yuanta Financial Holding0.18%
United Microelectronics0.18%
Softbank Corp Common0.18%
Kingspan Group PLC Common0.18%
Loblaw Cos Ltd Common0.18%
Nordea Bank Abp Common0.17%
Woolworths Group Ltd0.17%
Cathay Financial Holding0.16%
Ts Financial Holding Co0.15%
Celestica Inc Common0.15%

Only in ESGD

51 securities, 11.6% of ESGD by weight

Shell1.21%
Totalenergies0.95%
Bhp Group Ltd0.89%
Bp PLC0.40%
Mitsubishi0.38%
Eneos Holdings0.36%
Airbus Group0.34%
Deutsche Bank AG0.32%
Aristocrat Leisure0.29%
Bayer AG0.28%
Spotify Technology0.28%
Endesa SA0.28%
Roche Holding AG0.28%
Equinor0.27%
Woodside Energy Group Ltd0.27%
Rheinmetall AG0.27%
Yamaha Motor0.27%
Galp Energia Sgps SA Class B0.23%
Glencore PLC0.23%
Naturgy Energy Group SA0.20%
Elbit Systems0.19%
The Lottery Corporation Ltd0.18%
Acciona0.18%
Mtr Corporation0.17%
Argenx0.17%
Teva Pharmaceutical Industries0.16%
Hulic0.16%
Yokogawa Electric0.15%
Stmicroelectronics0.15%
Evolution0.14%
Acs Actividades De Construccion Y0.14%
Asx Ltd0.13%
Aker Bp0.12%
Hankyu Hanshin Holdings0.12%
Shiseido0.11%
Verisure PLC0.11%
Sumitomo Metal Mining0.11%
Ericsson B0.11%
Honda Motor0.11%
A P Moller Maersk0.11%
Sanrio0.11%
Epiroc Class B0.10%
Taisei0.10%
Kokusai Electric0.09%
Endeavour Mining0.09%
Furukawa Electric Ltd0.08%
Mitsui Kinzoku Limited Ltd0.08%
Upm-Kymmene Corp0.07%
Eur/Usd0.00%
Wisa Group PLC0.00%

Weight gaps

The 100 widest of 281 Holdings in both funds.

Holding weights in CVIE and ESGD, widest gap first
Holding	More in CVIEMore in ESGD	CVIE	ESGD
Asml Holding NV Common	ESGD +0.94 points	2.10%	3.04%
Intesa Sanpaolo Spa	ESGD +0.56 points	0.36%	0.92%
Novartis AG Common Stock	ESGD +0.54 points	1.09%	1.63%
Itochu Corp Common Stock	ESGD +0.48 points	0.30%	0.78%
Bridgestone Corp Common	ESGD +0.44 points	0.08%	0.52%
Abb Ltd Common Stock Chf	ESGD +0.43 points	0.51%	0.94%
Sap SE Common Stock Eur 0	ESGD +0.41 points	0.92%	1.33%
Toyota Motor Corp Common	ESGD +0.39 points	0.65%	1.04%
National Grid PLC CommonNG.L	ESGD +0.38 points	0.32%	0.70%
Allianz SE Common Stock	ESGD +0.37 points	0.68%	1.05%
Zurich Insurance Group AG	ESGD +0.37 points	0.34%	0.71%
Telia Co Ab Common Stock	ESGD +0.36 points	0.04%	0.40%
Commonwealth Bank of	ESGD +0.36 points	0.71%	1.07%
Air Liquide SA Common	CVIE +0.36 points	0.51%	0.15%
Bnp Paribas SA Common	ESGD +0.34 points	0.34%	0.68%
Hsbc Holdings PLC CommonHSBA.L	ESGD +0.34 points	1.02%	1.36%
Sony Group Corp Common	ESGD +0.34 points	0.52%	0.86%
Lonza Group AG Common	ESGD +0.33 points	0.20%	0.53%
Koninklijke Kpn NV Common	ESGD +0.32 points	0.07%	0.39%
Henkel AG & Co Kgaa	ESGD +0.31 points	0.06%	0.37%
Axa SA Common Stock Eur	ESGD +0.31 points	0.31%	0.62%
Daiwa Securities Group	ESGD +0.31 points	0.09%	0.40%
Ing Groep NV Common Stock	ESGD +0.31 points	0.32%	0.63%
Kddi Corp Common Stock	ESGD +0.31 points	0.21%	0.52%
Sumitomo Mitsui Financial	ESGD +0.30 points	0.55%	0.85%
Smiths Group PLC CommonSMIN.L	ESGD +0.30 points	0.06%	0.36%
Caixabank SA Common Stock	ESGD +0.29 points	0.18%	0.47%
Diageo PLC Common StockDGE.L	ESGD +0.29 points	0.17%	0.46%
Secom Co Ltd Common Stock	ESGD +0.28 points	0.05%	0.33%
Transurban Group Stapled	ESGD +0.27 points	0.15%	0.42%
Unilever PLC Common StockULVR.L	ESGD +0.27 points	0.54%	0.81%
Iberdrola SA Common Stock	ESGD +0.27 points	0.57%	0.84%
Ana Holdings Inc Common	ESGD +0.26 points	0.03%	0.29%
Tokyo Electron Ltd Common	ESGD +0.26 points	0.48%	0.74%
Givaudan SA Common Stock	ESGD +0.26 points	0.16%	0.42%
Merck Kgaa Common Stock	ESGD +0.26 points	0.09%	0.35%
Svenska Cellulosa Ab Sca	ESGD +0.25 points	0.04%	0.29%
Dbs Group Holdings Ltd	ESGD +0.25 points	0.44%	0.69%
Amadeus It Group SA	ESGD +0.24 points	0.08%	0.32%
Siemens AG Common Stock	ESGD +0.24 points	0.87%	1.11%
Generali Common Stock Eur	ESGD +0.24 points	0.18%	0.42%
Kerry Group PLC Common	ESGD +0.23 points	0.08%	0.31%
Hitachi Ltd Common Stock	ESGD +0.23 points	0.51%	0.74%
Swiss Prime Site AG	ESGD +0.23 points	0.06%	0.29%
Aviva PLC Common StockAV.L	ESGD +0.23 points	0.11%	0.34%
Unibail-Rodamco-Westfield	ESGD +0.22 points	0.03%	0.25%
Safran SA Common Stock	CVIE +0.22 points	0.42%	0.20%
Marubeni Corp Common	ESGD +0.22 points	0.14%	0.36%
Sse PLC Common Stock GbpSSE.L	ESGD +0.22 points	0.16%	0.38%
Kbc Group NV Common Stock	ESGD +0.22 points	0.07%	0.29%
Aia Group Ltd Common	ESGD +0.22 points	0.34%	0.56%
Hoya Corp Common Stock	ESGD +0.21 points	0.20%	0.41%
Edp SA Common Stock Eur 1	ESGD +0.22 points	0.03%	0.25%
Sandvik Ab Common Stock	ESGD +0.21 points	0.15%	0.36%
Alcon AG Common Stock Chf	ESGD +0.22 points	0.15%	0.37%
Informa PLC Common StockINF.L	ESGD +0.21 points	0.08%	0.29%
Kesko Oyj Common Stock	ESGD +0.21 points	0.04%	0.25%
Eiffage SA Common Stock	ESGD +0.20 points	0.03%	0.23%
Sekisui House Ltd Common	ESGD +0.21 points	0.07%	0.28%
Rexel SA Common Stock Eur	ESGD +0.20 points	0.04%	0.24%
Bank Hapoalim Bm Common	ESGD +0.20 points	0.18%	0.38%
Boliden Ab Common Stock	ESGD +0.19 points	0.15%	0.34%
Heineken NV Common Stock	ESGD +0.20 points	0.07%	0.27%
Segro PLC Reit Gbp 10SGRO.L	ESGD +0.19 points	0.02%	0.21%
Mizuho Financial Group	ESGD +0.20 points	0.41%	0.61%
Fanuc Corp Common Stock	ESGD +0.19 points	0.13%	0.32%
Sika AG Common Stock Chf	ESGD +0.19 points	0.11%	0.30%
Adidas AG Common Stock	ESGD +0.19 points	0.11%	0.30%
Swiss Re AG Common Stock	ESGD +0.19 points	0.17%	0.36%
Oriental Land Co	ESGD +0.19 points	0.09%	0.28%
Sino Land Co Ltd Common	ESGD +0.19 points	0.03%	0.22%
Getlink SE Common Stock	ESGD +0.18 points	0.04%	0.22%
Societe Generale SA	ESGD +0.18 points	0.15%	0.33%
Boc Hong Kong Holdings	ESGD +0.17 points	0.12%	0.29%
Kingfisher PLC CommonKGF.L	ESGD +0.17 points	0.05%	0.22%
Sampo Oyj Common Stock	ESGD +0.17 points	0.06%	0.23%
Asahi Kasei Corp Common	ESGD +0.17 points	0.05%	0.22%
Bae Systems PLCBA.L	ESGD +0.18 points	0.37%	0.55%
Anglo American PLC CommonAAL.L	CVIE +0.17 points	0.35%	0.18%
London Stock ExchangeLSEG.L	ESGD +0.17 points	0.19%	0.36%
Akzo Nobel NV Common	ESGD +0.18 points	0.05%	0.23%
National Australia Bank	ESGD +0.17 points	0.35%	0.52%
Orkla Asa Common Stock	ESGD +0.17 points	0.05%	0.22%
Nestle SA Common Stock	ESGD +0.17 points	0.98%	1.15%
Tokio Marine Holdings Inc	ESGD +0.17 points	0.33%	0.50%
Danone SA Common Stock	ESGD +0.17 points	0.19%	0.36%
Ubs Group AG Common Stock	ESGD +0.16 points	0.47%	0.63%
Moncler Spa Common Stock	ESGD +0.17 points	0.04%	0.20%
Qbe Insurance Group Ltd	ESGD +0.16 points	0.11%	0.27%
Relx PLC Common Stock GbpREL.L	ESGD +0.16 points	0.25%	0.41%
Nec Corp Common Stock Jpy	ESGD +0.16 points	0.12%	0.28%
Takeda Pharmaceutical Co	ESGD +0.15 points	0.27%	0.42%
Recruit Holdings Co Ltd	ESGD +0.15 points	0.62%	0.77%
Wartsila Oyj Abp Common	ESGD +0.16 points	0.03%	0.19%
Meridian Energy Ltd	ESGD +0.16 points	0.01%	0.17%
Mowi Asa Common Stock Nok	ESGD +0.16 points	0.07%	0.23%
Kuehne & Nagel	ESGD +0.15 points	0.04%	0.19%
Obayashi Corp Common	ESGD +0.15 points	0.04%	0.19%
Daiichi Life Group Inc	ESGD +0.15 points	0.12%	0.27%
Hochtief AG Common Stock	ESGD +0.14 points	0.02%	0.16%

All CVIE holdings⁠All 330 ESGD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CVIE vs ESGD Cost

Overpaying ESGD vs CVIE

$406

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CVIE 0.18%
$3,749
ESGD 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

CVIE 0.18%
ESGD 0.20%
Overpaying

Year by year

Year	CVIE	ESGD	Overpaying
10	$328	$365	$37
20	$1,281	$1,421	$140
30	$3,749	$4,155	$406

Expense ratio

0.18%CVIE, cheaper
0.20%ESGD

CVIE0.18%ESGD0.20%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

CVIE 5th cheapest of 18 funds

ESGD 6th cheapest of 18 funds

CVIE vs ESGD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CVIE 2.47%; ESGD 3.33%, better
Payout (12M): CVIE $1.99; ESGD $3.42
Last payment: CVIE $0.25; ESGD $1.63
Ex-dividend: CVIE Sep 21, 2026; ESGD Jun 15, 2026
Paid on: CVIE Sep 25, 2026; ESGD Jun 18, 2026
Frequency: CVIE Quarterly; ESGD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

CVIEQuarterly · 15 paymentsAll CVIE payments⁠

ESGDTwice a year · 20 paymentsAll ESGD payments⁠

CVIE vs ESGD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CVIE 13.9%ESGD 11.7%, better
Return per unit of riskSharpe ratio, 3 years: CVIE 1.24, betterESGD 1.18
Worst fallMax drawdown, 5 years: CVIE −13.5%since Feb 2023ESGD −29.9%
Market sensitivityBeta, 5 years: CVIE 1.10ESGD 0.80; Market = 1

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