EFIV vs ESGV

EFIVAState Street SPDR S&P 500 ESG ETF

ESGVAVanguard ESG U.S. Stock ETF

In short

EFIV A screened S&P 500 that still looks like one. EFIV trims to about 300 names on ESG criteria but holds industry-group weights close to the parent index, for 0.10% a year.

ESGV Most screened U.S. funds start with the S&P 500 and stop there. ESGV screens the whole market instead, holding roughly 1,300 large, mid and small caps at a 0.09% expense ratio.

Stated mandate

EFIV The Fund seeks to track an index of securities selected using environmental, social, and governance sustainability criteria while retaining industry-group weights broadly similar to the S&P 500 Index.

ESGV The Fund passively tracks a broad U.S. equity index covering large-, mid-, and small-capitalization companies that are screened using environmental, social, and corporate governance criteria.

Why people hold it

• EFIV Charges 0.10% a year, well under the 0.25% typical of its values-screened peer group.
• Keeps industry-group weights broadly similar to the S&P 500, so the screen changes which names you own more than which sectors.
• Tracks its declared index very tightly, one of the cleaner implementations in its cohort.
• Straightforward 1940 Act index fund from SPDR, running since 2020, distributing quarterly.

• ESGV Costs 0.09% a year, against a typical fund in its screened-U.S. peer group at 0.25%. It also sits under SNPE and EFIV (0.10%) and ESGU (0.15%).
• All-cap by design: large, mid and small companies, roughly 1,300 names. Most rivals here are screened versions of the S&P 500, so small caps never make the cut.
• Passive and literal: it follows the FTSE US All Cap Choice Index with very little drift, and is one of the cleaner implementations in a 35-fund peer group.
• A multi-billion-dollar Vanguard fund running since 2018, paying distributions quarterly. Long enough on the tape to have a real operating history.

Worth knowing

• EFIV About 300 stocks, not 500. The screens remove names, so results can diverge from the headline S&P 500.
• Cheaper shelf-mates exist: XVV at 0.08% and ESGV at 0.09% undercut it on fee.
• Mid-size asset base and moderate trading volume, which can mean wider spreads than the mega-cap index giants.

• ESGV The screens strip out companies a plain total-market fund keeps, so the sector mix differs and results can run ahead of or behind the unscreened market in any stretch.
• All stocks, all U.S. No bonds, no foreign listings, so full equity market swings come straight through.
• The values test is FTSE's rulebook, not yours. Worth reading what the index actually excludes before assuming it matches your own list.

Full EFIV profile⁠

Full ESGV profile⁠