EFIV vs USXF

EFIVAState Street SPDR S&P 500 ESG ETF

USXFAiShares ESG Advanced MSCI USA 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.

USXF The strict end of the iShares US ESG shelf. It follows an MSCI index built on favorable ESG ratings plus deep exclusion screens, cutting the US large- and mid-cap market to about 300 names, and charges 0.10% to do it.

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.

USXF The fund seeks to track a U.S. large- and mid-cap equity index whose constituents have favorable environmental, social, and governance ratings and pass extensive controversial-activity screens.

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.

• USXF Charges 0.10% a year, under half the typical fee in its ESG-screened US peer group and below its bigger iShares sibling ESGU at 0.15%.
• The screens bite. The MSCI USA Choice ESG Screened Index asks for favorable ESG ratings and extensive controversial-activity exclusions, not a light tilt.ishares.com
• Ends up a focused book of about 300 US large- and mid-caps, so the screening shows up in what you actually own.
• A billion-dollar-plus iShares fund that pays quarterly, launched in 2020, with a plain index structure: no leverage, no options overlay.

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.

• USXF Roughly 300 names against the full US market leaves real sector and single-stock gaps, and stretches where it moves differently from a broad index fund.
• Moderately traded rather than a headline-volume ETF, so spreads are worth a look on larger or hurried orders.
• ESG here is MSCI's definition, set by its ratings thresholds and exclusion lists, and index methodology can be revised over time.

Full EFIV profile⁠

Full USXF profile⁠