EFIV vs EVUS

EFIVAState Street SPDR S&P 500 ESG ETF

EVUSAiShares ESG Aware MSCI USA Value 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.

EVUS Most ESG funds hand you the whole market with the worst offenders trimmed. EVUS takes the value slice instead: roughly 220 cheaper-looking US large and mid caps, ESG-screened and re-weighted, for 0.18% a year.

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.

EVUS The Fund tracks an index of U.S. large- and mid-capitalization equities selected for value characteristics and positive ESG characteristics, with risk and return characteristics similar to the MSCI USA Value Index.

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.

• EVUS Rare combo: the ESG screen is applied inside the value sleeve rather than across the whole market, via MSCI's USA Value Extended ESG Focus Index.
• Cheap for the niche: 0.18% a year against a 0.25% median in its ESG-values peer group.
• The mandate is literal. It is built to keep risk and return close to the MSCI USA Value Index, and it reads as one of the more faithful implementations in its peer group.
• Straightforward plumbing: about 220 US large and mid caps, index-driven weights, cash paid quarterly, iShares running the desk.

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.

• EVUS Thinly traded. On a larger order, the spread can cost more than a full year of the 0.18% fee.
• Launched in 2023, so the record is short and assets sit well below the family flagship, ESGU.
• Plain broad-market ESG funds run cheaper: XVV at 0.08%, ESGV at 0.09%. The value tilt is what costs extra.

Full EFIV profile⁠

Full EVUS profile⁠