EFIV vs SHE: Grades, Fees and Holdings Compared

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

State Street SPDR MSCI USA Gender Diversity ETF

SHEBNYSE Arca

Overlap

44.0%by weight

Expense ratio

EFIV −0.10pt a year

EFIV0.10%SHE0.20%

Avg volume · 30D

EFIV 14.5×the volume

EFIV57.1KSHE3.95K

5Y return · a year

EFIV +3.5pt

EFIV+12.3%SHE+8.8%

EFIV vs SHE Performance

Oct 29, 2021 – Oct 30, 2026

+78.2%EFIV+52.3%SHE

Expense ratio: EFIV 0.10%, better; SHE 0.20%
Fund size: EFIV $1.06B; SHE $349M
1Y total return: EFIV +12.5%; SHE +17.8%, better
Yield (12M): EFIV 1.01%; SHE 1.15%, better
Holdings: EFIV 326; SHE 233
Avg volume (30D): EFIV 57.1K sh, better; SHE 3.95K sh
NAV per share: EFIV $74.02; SHE $157.03
52W range

ETF.net Grade

Pillar letters and Scores for EFIV, SHE, with each pillar’s weight
Pillar	EFIV	SHE
Cost30% weight	A86Higher	C53
Mission25% weight	A100Higher	A87
Risk15% weight	C53	B67Higher
Tradability15% weight	A84Higher	C44
Holdings10% weight	C43	B64Higher
Durability5% weight	A71	A76Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. EFIV and SHE are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

EFIV ranks 2nd and SHE 18th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 3ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 18BRSPEInvesco ESG S&P 500 Equal Weight ETFScore 64
Rank 18BSHEState Street SPDR MSCI USA Gender Diversity ETFScore 64
Rank 21BCVMCCalvert US Mid-Cap Core Responsible Index ETFScore 63

Our read on each fund

ETF.net Research

EFIVAState Street SPDR S&P 500 ESG ETF

SHEBState Street SPDR MSCI USA Gender Diversity 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.

SHE The ticker is the pitch. SHE tracks an MSCI index that scores US large and mid caps on women in the boardroom, in senior management and across the workforce, then weights holdings by market cap and that score. One issue, blue-chip portfolio.

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.

SHE The fund seeks to track the total return of the MSCI USA Gender Diversity Select Index and provide exposure to US companies demonstrating leadership in promoting and supporting gender diversity.

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.

SHE The screen is specific, not a broad ESG catch-all: the index targets companies committed to gender diversity at every level, from the corporate board through executive and senior management to the workforce.ssga.com
The tilt shows up in position sizes, not just the guest list. Companies are weighted by market cap combined with a Gender Diversity Score covering women's representation and diversity management.ssga.com
0.20% a year, below the median for its ESG-and-values peer group. Unusual for a single-theme screen, which normally carries a premium.
Trading since 2016 under State Street's SPDR banner, making it one of the longer-running US funds built on a single diversity metric. Roughly 230 stocks, distributions quarterly.

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.

SHE Thinly traded next to the giant ESG index funds. Spreads tend to be wider and sizeable orders need more patience at the screen.
Broad ESG index funds cost less: ESGV and XVV both sit under a tenth of a percent. The narrower screen here is what you're paying the difference for.
Membership rides on MSCI's diversity data. When a company's Gender Diversity Score shifts, its place and weight in the index shift at the next reconstitution.ssga.com

Full EFIV profile⁠

Full SHE profile⁠

EFIV vs SHE Holdings

How EFIV and SHE differ

Overlap by weight

44.0%

Shared holdings make up 69.1% of SHE and 57.5% of EFIV.

Level by level

Holdings152 in both44.0%
Countryby domicile99.2%
Asset classEquity100%

Sector

No Sector split for EFIV.

Country, concentration and asset class

Country by domicile

Country weights in EFIV and SHE, widest gap first
Country	More in EFIVMore in SHE	EFIV	SHE
United States	EFIV +0.4 points	99.4%	99.0%
Brazil	SHE +0.4 points	0.0%	0.4%
China	SHE +0.2 points	0.2%	0.4%
Switzerland	EFIV +0.3 points	0.3%	0.0%
Canada	SHE +0.2 points	0.0%	0.2%
United Kingdom	Same weight	0.1%	0.1%
Ireland	EFIV +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

EFIV40.9%
SHE35.4%

Securities held

EFIV324
SHE231

Asset class

EFIV: Equity
SHE: Equity

Holdings

Only in EFIV172
In both152
Only in SHE79

Only in EFIV

172 securities, 42.5% of EFIV by weight

Alphabet Inc Class A4.12%
Alphabet Inc Class C3.32%
Eli Lilly & Co2.73%
Visa Inc Class A Shares1.73%
Walmart Inc1.34%
Mastercard Inc A1.27%
Cisco Systems Inc1.06%
UnitedHealth Group Inc0.91%
Merck & Co. Inc.0.90%
Applied Materials Inc0.83%
General Electric0.81%
Lam Research Corp0.79%
Palo Alto Networks Inc0.77%
Texas Instruments Inc0.70%
Goldman Sachs Group Inc0.67%
Ge Vernova Inc0.59%
Kla Corp0.54%
Gilead Sciences Inc0.51%
Pepsico Inc0.45%
McDonald’s Corp0.45%
Conocophillips0.45%
Union Pacific Corp0.44%
Nextera Energy Inc0.42%
Pfizer Inc0.42%
Seagate Technology Holdings0.39%
Danaher Corp0.37%
Schwab (Charles) Corp0.36%
Dell Technologies C0.35%
Western Digital Corp0.35%
Capital One Financial Corp0.32%
Chubb Ltd0.32%
Bristol Myers Squibb Co0.31%
Servicenow Inc0.28%
Valero Energy Corp0.27%
Phillips 660.27%
Cme Group Inc0.26%
Csx Corp0.24%
Emerson Electric Co0.24%
Quanta Services Inc0.24%
Cadence Design Sys Inc0.23%
Intercontinental Exchange In0.23%
Williams Cos Inc0.23%
Elevance Health Inc0.23%
Constellation Energy0.22%
American Tower Corp0.21%
Eog Resources Inc0.21%
Moderna Inc0.20%
Motorola Solutions Inc0.20%
Lumentum Holdings Inc0.20%
Slb Ltd0.20%

Only in SHE

79 securities, 30.9% of SHE by weight

Advanced Micro Devices5.51%
JPMorgan Chase & Co3.34%
Exxonmobil Holdings Corp1.98%
Johnson & Johnson1.84%
Oracle Corp1.62%
Amphenol Corp Class A1.61%
Arista Networks Inc1.47%
Chevron Corp1.36%
Procter & Gamble Co/The1.17%
Philip Morris International0.92%
Rtx Corp0.58%
Vertex Pharmaceuticals Inc0.45%
Applovin Corp Class A0.41%
Parker Hannifin Corp0.40%
Mercadolibre Inc0.39%
Monolithic Power Systems Inc0.38%
Ross Stores Inc0.34%
O Reilly Automotive Inc0.32%
Mckesson Corp0.31%
Boeing Co/The0.29%
Southern Co/The0.29%
General Motors Co0.29%
Twilio Inc A0.28%
Automatic Data Processing0.28%
Duke Energy Corp0.27%
Howmet Aerospace Inc0.25%
Pnc Financial Services Group0.23%
Northrop Grumman Corp0.21%
Waste Connections Inc0.17%
Public Storage0.17%
Verisign Inc0.17%
F5 Inc0.17%
Vistra Corp0.16%
Xcel Energy Inc0.15%
Charter Communications Inc A0.14%
Ferguson Enterprises Inc0.14%
Veeva Systems Inc Class A0.12%
Paychex Inc0.12%
Burlington Stores Inc0.11%
Revolution Medicines Inc0.11%
Emcor Group Inc0.11%
P G & E Corp0.10%
Fabrinet0.09%
Nvent Electric PLC0.09%
Dexcom Inc0.09%
Casey’s General Stores Inc0.09%
Lennar Corp A0.09%
Sunbelt Rentals Holdings Inc0.08%
Dte Energy Company0.08%
Edison International0.08%

Weight gaps

The 100 widest of 152 Holdings in both funds.

Holding weights in EFIV and SHE, widest gap first
Holding	More in EFIVMore in SHE	EFIV	SHE
NVIDIA CorpNVDA	EFIV +8.33 points	12.79%	4.46%
Microsoft CorpMSFT	EFIV +4.77 points	9.74%	4.97%
Netflix IncNFLX	SHE +2.87 points	0.64%	3.51%
Intel CorpINTC	SHE +2.00 points	1.13%	3.13%
Micron Technology IncMU	SHE +1.91 points	2.62%	4.53%
Walt Disney Co/TheDIS	SHE +1.63 points	0.48%	2.11%
At+t IncT	SHE +1.23 points	0.36%	1.59%
Analog Devices IncADI	SHE +1.05 points	0.52%	1.57%
Qualcomm IncQCOM	SHE +0.82 points	0.49%	1.31%
Salesforce IncCRM	SHE +0.78 points	0.47%	1.25%
Accenture PLC Class AACN	SHE +0.58 points	0.37%	0.95%
Intuit IncINTU	SHE +0.52 points	0.23%	0.75%
Corning IncGLW	SHE +0.51 points	0.25%	0.76%
Home Depot IncHD	SHE +0.43 points	0.81%	1.24%
Adobe IncADBE	SHE +0.43 points	0.24%	0.67%
Booking Holdings IncBKNG	SHE +0.39 points	0.28%	0.67%
Lowe’s Cos IncLOW	SHE +0.37 points	0.29%	0.66%
Fortinet IncFTNT	SHE +0.36 points	0.21%	0.57%
Costco Wholesale CorpCOST	SHE +0.35 points	1.10%	1.45%
Starbucks CorpSBUX	SHE +0.34 points	0.30%	0.64%
Tjx Companies IncTJX	SHE +0.30 points	0.39%	0.69%
Keysight Technologies InKEYS	SHE +0.30 points	0.14%	0.44%
Caterpillar IncCAT	SHE +0.28 points	0.74%	1.02%
AbbVie IncABBV	SHE +0.29 points	1.27%	1.56%
Autodesk IncADSK	SHE +0.26 points	0.13%	0.39%
Coherent CorpCOHR	SHE +0.24 points	0.11%	0.35%
Te Connectivity PLCTEL	SHE +0.23 points	0.16%	0.39%
Marriott International Class AMAR	SHE +0.24 points	0.21%	0.45%
Thermo Fisher Scientific IncTMO	SHE +0.22 points	0.65%	0.87%
Abbott LaboratoriesABT	SHE +0.18 points	0.45%	0.63%
Netapp IncNTAP	SHE +0.18 points	0.11%	0.29%
Citigroup IncC	SHE +0.19 points	0.52%	0.71%
Cognizant Tech Solutions ACTSH	SHE +0.18 points	0.07%	0.25%
Take Two Interactive SoftwreTTWO	SHE +0.18 points	0.08%	0.26%
Hilton Worldwide Holdings InHLT	SHE +0.16 points	0.20%	0.36%
Autozone IncAZO	SHE +0.16 points	0.13%	0.29%
Ford Motor CoF	SHE +0.16 points	0.12%	0.28%
Wells Fargo & CoWFC	SHE +0.15 points	0.64%	0.79%
Jabil IncJBL	SHE +0.16 points	0.07%	0.23%
Bank of America CorpBAC	SHE +0.16 points	0.82%	0.98%
Trane Technologies PLCTT	SHE +0.14 points	0.24%	0.38%
News Corp Class ANWSA	SHE +0.13 points	0.03%	0.16%
Hp IncHPQ	SHE +0.13 points	0.07%	0.20%
Amgen IncAMGN	SHE +0.13 points	0.62%	0.75%
Ulta Beauty IncULTA	SHE +0.12 points	0.07%	0.19%
Tapestry IncTPR	SHE +0.11 points	0.06%	0.17%
Marathon Petroleum CorpMPC	SHE +0.11 points	0.30%	0.41%
Eaton Corp PLCETN	SHE +0.10 points	0.38%	0.48%
Johnson Controls InternationJCI	SHE +0.10 points	0.24%	0.34%
Nike Inc Class BNKE	SHE +0.10 points	0.11%	0.21%
Ebay IncEBAY	SHE +0.10 points	0.12%	0.22%
Equinix IncEQIX	SHE +0.09 points	0.26%	0.35%
Williams Sonoma IncWSM	SHE +0.09 points	0.08%	0.17%
Morgan StanleyMS	SHE +0.09 points	0.56%	0.65%
Ww Grainger IncGWW	SHE +0.09 points	0.15%	0.24%
Coca Cola Co/TheKO	SHE +0.09 points	0.89%	0.98%
Ecolab IncECL	SHE +0.09 points	0.19%	0.28%
Gen Digital IncGEN	SHE +0.08 points	0.04%	0.12%
Tractor Supply CompanyTSCO	SHE +0.09 points	0.04%	0.13%
Yum Brands IncYUM	SHE +0.09 points	0.10%	0.19%
Deere & CoDE	EFIV +0.08 points	0.41%	0.33%
Bank of New York Mellon CorpBNY	SHE +0.08 points	0.25%	0.33%
Chipotle Mexican Grill IncCMG	SHE +0.07 points	0.10%	0.17%
Prologis IncPLD	SHE +0.07 points	0.30%	0.37%
Expedia Group IncEXPE	SHE +0.07 points	0.08%	0.15%
Cummins IncCMI	SHE +0.06 points	0.18%	0.24%
Boston Scientific CorpBSX	SHE +0.07 points	0.15%	0.22%
Freeport Mcmoran IncFCX	SHE +0.07 points	0.23%	0.30%
The Cigna GroupCI	SHE +0.06 points	0.20%	0.26%
Linde PLCLIN	SHE +0.06 points	0.58%	0.64%
Marsh & Mclennan CosMRSH	SHE +0.06 points	0.23%	0.29%
Regeneron PharmaceuticalsREGN	SHE +0.06 points	0.20%	0.26%
Cvs Health CorpCVS	SHE +0.05 points	0.29%	0.34%
Humana IncHUM	SHE +0.06 points	0.12%	0.18%
Stryker CorpSYK	SHE +0.05 points	0.27%	0.32%
Best Buy Co IncBBY	SHE +0.05 points	0.05%	0.10%
S+p Global IncSPGI	EFIV +0.06 points	0.35%	0.29%
American International GroupAIG	SHE +0.05 points	0.11%	0.16%
Uber Technologies IncUBER	SHE +0.05 points	0.33%	0.38%
Ingersoll Rand IncIR	SHE +0.05 points	0.07%	0.12%
Welltower IncWELL	EFIV +0.05 points	0.42%	0.37%
BlackRock IncBLK	EFIV +0.04 points	0.42%	0.38%
Aon PLC Class AAON	SHE +0.04 points	0.17%	0.21%
Otis Worldwide CorpOTIS	SHE +0.04 points	0.07%	0.11%
State Street CorpSTT	SHE +0.04 points	0.12%	0.16%
Exelon CorpEXC	SHE +0.04 points	0.12%	0.16%
Darden Restaurants IncDRI	SHE +0.04 points	0.06%	0.10%
Las Vegas Sands CorpLVS	SHE +0.04 points	0.02%	0.06%
Prudential Financial IncPRU	SHE +0.04 points	0.10%	0.14%
Principal Financial GroupPFG	SHE +0.03 points	0.06%	0.09%
Idexx Laboratories IncIDXX	SHE +0.04 points	0.11%	0.15%
PayPal Holdings IncPYPL	SHE +0.04 points	0.12%	0.16%
Kimberly Clark CorpKMB	SHE +0.04 points	0.09%	0.13%
Labcorp Holdings IncLH	SHE +0.04 points	0.07%	0.11%
Ameriprise Financial IncAMP	SHE +0.03 points	0.11%	0.14%
Newmont CorpNEM	SHE +0.04 points	0.29%	0.33%
Entergy CorpETR	EFIV +0.03 points	0.13%	0.10%
Biogen IncBIIB	SHE +0.03 points	0.09%	0.12%
Willis Towers Watson PLCWTW	SHE +0.03 points	0.07%	0.10%
American Water Works Co IncAWK	SHE +0.03 points	0.07%	0.10%

All 324 EFIV holdings⁠All 230 SHE 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.

EFIV vs SHE Cost

Overpaying SHE vs EFIV

$2,049

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

EFIV 0.10%
$2,106
SHE 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

EFIV 0.10%
SHE 0.20%
Overpaying

Year by year

Year	EFIV	SHE	Overpaying
10	$183	$365	$182
20	$717	$1,421	$704
30	$2,106	$4,155	$2,049

Expense ratio

0.10%EFIV, cheaper
0.20%SHE

EFIV0.10%SHE0.20%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

EFIV 7th cheapest of 47 funds

SHE 21st cheapest of 47 funds

EFIV vs SHE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFIV 1.01%; SHE 1.15%, better
Payout (12M): EFIV $0.74; SHE $1.75
Last payment: EFIV $0.20; SHE $0.49
Ex-dividend: EFIV Sep 21, 2026; SHE Sep 1, 2026
Paid on: EFIV Sep 23, 2026; SHE Sep 3, 2026
Frequency: EFIV Quarterly; SHE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

SHEQuarterly · 39 paymentsAll SHE payments⁠

EFIV vs SHE Risk

Fall from peak · 5 years

EFIV
SHE

Risk facts

VolatilityStd dev, 3 years: EFIV 12.3%, betterSHE 13.6%
Return per unit of riskSharpe ratio, 3 years: EFIV 1.39, betterSHE 1.30
Worst fallMax drawdown, 5 years: EFIV −24.5%, betterSHE −31.7%
Market sensitivityBeta, 5 years: EFIV 1.01SHE 1.01; Market = 1

EFIV and SHE in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026EFIV

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