ERTH vs SDG: Grades, Fees and Holdings Compared

Invesco MSCI Sustainable Future ETF

ERTHCNYSE Arca

iShares MSCI Global Sustainable Development Goals ETF

SDGBNasdaq

Overlap

23.7%by weight

Expense ratio

SDG −0.15pt a year

ERTH0.65%SDG0.50%

Avg volume · 30D

ERTH 1.1×the volume

ERTH3.92KSDG3.63K

10Y return · a year

SDG +2.9pt

ERTH+5.1%SDG+8.0%

ERTH vs SDG Performance

Oct 29, 2021 – Oct 30, 2026

−39.6%ERTH−2.0%SDG

Expense ratio: ERTH 0.65%; SDG 0.50%, better
Fund size: ERTH $119M; SDG $160M
1Y total return: ERTH −13.8%; SDG +3.7%, better
Yield (12M): ERTH 2.04%, better; SDG 1.75%
Holdings: ERTH 185; SDG 144
Avg volume (30D): ERTH 3.92K sh, better; SDG 3.63K sh
NAV per share: ERTH $40.97; SDG $86.56
52W range

ETF.net Grade

Pillar letters and Scores for ERTH, SDG, with each pillar’s weight
Pillar	ERTH	SDG
Cost30% weight	D33	C47Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D35	A72Higher
Tradability15% weight	B68Higher	B60
Holdings10% weight	C54	B61Higher
Durability5% weight	B69	A75Higher

Rank among Climate & Sustainability funds

How we build Categories ›

Same Category. ERTH and SDG are both graded against the same 8 Climate & Sustainability funds, so their Grades compare head to head.

Climate & Sustainability⁠

Category · 8 funds

See all 8 ›

SDG ranks 4th and ERTH 5th of 8 funds in the Climate & Sustainability Category.

Rank 1AKLMTInvesco MSCI Global Climate 500 ETFScore 73
Rank 2BIQSZInvesco Global Equity Net Zero ETFScore 68
Rank 3BCCSOCarbon Collective Climate Solutions U.S. Equity ETFScore 59
Rank 4BSDGiShares MSCI Global Sustainable Development Goals ETFScore 58
Rank 5CERTHInvesco MSCI Sustainable Future ETFScore 45
Rank 6CETECiShares Breakthrough Environmental Solutions ETFScore 40

Our read on each fund

ETF.net Research

ERTHCInvesco MSCI Sustainable Future ETF

SDGBiShares MSCI Global Sustainable Development Goals ETF

In short

ERTH Born in 2006 as a cleantech fund, ERTH now tracks MSCI's six-theme environment index, from alternative energy to green building to sustainable water. Fee: 0.65% net of a waiver through August 31, 2028.

SDG A global stock fund built on one filter: does the business itself serve the UN's Sustainable Development Goals? About 120 companies worldwide, running since 2016, priced below the typical global thematic fund.

Stated mandate

ERTH The fund seeks to provide exposure to companies addressing multiple environmental-impact themes, including alternative energy, energy efficiency, green building, and sustainable water.

SDG The Fund seeks to track an index of global companies aligned with the United Nations Sustainable Development Goals.

Why people hold it

ERTH Six themes, not one: alternative energy, energy efficiency, green building, sustainable water, pollution prevention, and sustainable agriculture, across about 180 global names.invesco.com
The index takes only companies drawing 50% or more of revenue from those six themes, so you own the business itself, not a conglomerate's side project.msci.com
Trading since 2006, when it launched as the Invesco Cleantech ETF, it moved to the MSCI six-theme index in March 2021. Few climate funds carry that much history.invesco.com

SDG Charges 0.50% a year, under the median fee for global thematic funds in its peer group.
Holdings come from a published index, the MSCI ACWI Sustainable Development Index, rather than a manager's judgement call. The rulebook is public.ishares.com
About 120 names across global markets, concentrated enough that the theme actually shows up in the portfolio instead of getting diluted.
Live since 2016 on BlackRock's iShares platform, a long track record for a theme fund, and it sits in the upper half of its global thematic cohort.

Worth knowing

ERTH At 0.65% net of a waiver through August 31, 2028 (0.68% gross), it sits above the category median and well above peers like KLMT at 0.10% and IQSZ at 0.19%.
Thinly traded and modest in size, so the spread can cost more than the headline fee.
Our review places it in the lower half of its climate peer group, with cost and swings in price the main drags.

SDG Thinly traded, so spreads can run wider than on broad index funds and larger orders take more care to fill.
The SDG alignment screens leave out large chunks of the world market, so results can drift well away from a plain global index.ishares.com
Cheaper sustainability-tilted options share the cohort: Invesco's KLMT runs 0.10%.

Full ERTH profile⁠

Full SDG profile⁠

ERTH vs SDG Holdings

How ERTH and SDG differ

Overlap by weight

23.7%

Shared holdings make up 45.3% of ERTH and 29.5% of SDG.

Level by level

Holdings33 in both23.7%
Countryby domicile73.6%
Asset classEquity100%

Sector

No Sector split for SDG.

Country, concentration and asset class

Country by domicile

Country weights in ERTH and SDG, widest gap first
Country	More in ERTHMore in SDG	ERTH	SDG
China	SDG +6.8 points	9.8%	16.6%
Taiwan	SDG +6.6 points	0.3%	6.9%
Hong Kong	ERTH +4.0 points	7.1%	3.1%
United States	ERTH +3.9 points	40.9%	37.0%
Switzerland	SDG +3.8 points	0.4%	4.2%
Japan	SDG +3.6 points	5.3%	8.9%
Singapore	ERTH +3.0 points	3.0%	0.0%
Ireland	ERTH +2.7 points	2.7%	0.0%
Other countries (20)	ERTH +7.2 points	30.5%	23.3%

Outside the US: ERTH 68% developed, 32% emerging. SDG 58% developed, 42% emerging.

Concentration

Weight in the 10 largest Holdings

ERTH38.4%
SDG36.7%

Securities held

ERTH179
SDG120

Asset class

ERTH: Equity
SDG: Equity

Holdings

Only in ERTH146
In both33
Only in SDG87

Only in ERTH

146 securities, 54.7% of ERTH by weight

Tesla Inc6.50%
BYD Co Ltd4.36%
Kingspan Group PLC2.69%
Nextpower Inc1.92%
Advanced Drainage Systems Inc1.53%
Darling Ingredients Inc1.43%
Alstom SA1.01%
XPeng Inc0.94%
Ormat Technologies Inc0.92%
Vornado Realty Trust0.92%
Nordex SE0.92%
Suzano SA0.90%
Merlin Properties Socimi SA0.88%
Applied Digital Corp0.81%
Cousins Properties Inc0.78%
Tritax Big Box REIT PLC0.78%
Louisiana-Pacific Corp0.75%
Japan Real Estate Investment Corp0.73%
Badger Meter Inc0.71%
Meritage Homes Corp0.68%
Berkeley Group Holdings PLC/The0.67%
BYD Co Ltd0.66%
Clearway Energy Inc0.63%
Kilroy Realty Corp0.62%
Embassy Office Parks REIT0.61%
GLP J-Reit0.59%
West Fraser Timber Co Ltd0.59%
Nippon Prologis REIT Inc0.56%
Highwoods Properties Inc0.55%
Enphase Energy Inc0.54%
NEXTDC Ltd0.54%
Bellway PLC0.53%
Orix JREIT Inc0.47%
Rockwool A/S0.45%
KB Home0.45%
Big Yellow Group PLC0.38%
Beijing-Shanghai High Speed Railway Co Ltd0.37%
Sims Ltd0.37%
Stadler Rail AG0.35%
China Everbright Environment Group Ltd0.35%
Doral Group Renewable Energy Resources Ltd0.34%
WAAREE Energies Ltd0.34%
Interface Inc0.34%
Signify NV0.33%
Japan Prime Realty Investment Corp0.32%
Keppel REIT0.32%
Mitsui Fudosan Logistics Park Inc0.31%
Mapletree Pan Asia Commercial Trust0.30%
SolarEdge Technologies Inc0.30%
Frasers Centrepoint Trust0.29%

Only in SDG

87 securities, 69.8% of SDG by weight

Tyson Foods Inc Class A4.22%
Bristol Myers Squibb3.99%
East Japan Railway3.77%
Wiwynn Corporation3.61%
Marvell Technology3.58%
Novartis AG3.45%
Uni-President Enterprises2.88%
Kimberly Clark2.42%
Wh Group2.42%
Regeneron Pharmaceuticals1.96%
Csl1.86%
Central Japan Railway1.82%
Equinix Reit1.79%
Essity Class B1.72%
Vertex Pharmaceuticals1.68%
Masco1.47%
Xpeng Class A Inc1.44%
Acciona1.37%
Hochtief AG1.24%
Alfa A1.20%
China Mengniu Dairy Ltd1.17%
Vonovia SE1.08%
Saputo1.07%
Daiichi Sankyo Ltd1.02%
Pearson PLC0.98%
Edwards Lifesciences0.85%
Orsted A/S0.83%
Genmab0.74%
Dexcom Inc0.60%
New Oriental Education & Technolog0.55%
United Utilities Group PLC0.53%
Sonova Holding AG0.52%
Argenx0.50%
Tal Education Group Adr Reptg0.48%
Unicharm0.47%
Eisai0.46%
United Therapeutics0.44%
Incyte Corp0.43%
Beone Medicines AG0.42%
Terumo0.41%
Tingyi (Cayman Islands) Holdings0.41%
Unibail Rodamco We Stapled Units0.38%
Neurocrine Biosciences0.37%
Elia Group SA0.36%
Sun Communities Reit Inc0.33%
Chugai Pharmaceutical Ltd0.33%
Hengan International Group0.32%
Svenska Cellulosa B0.32%
Alnylam Pharmaceuticals0.32%
Seres Group A0.30%

Weight gaps

All 33 Holdings in both funds, largest gap first.

Holding weights in ERTH and SDG, widest gap first
Holding	More in ERTHMore in SDG	ERTH	SDG
Digital Realty Trust IncDLR	ERTH +4.07 points	5.38%	1.31%
Scentre Group	ERTH +1.70 points	2.13%	0.43%
CapitaLand Integrated Commercial Trust	ERTH +1.60 points	1.85%	0.25%
NVIDIA CorpNVDA	ERTH +1.48 points	5.55%	4.07%
Enlight Renewable Energy Ltd	ERTH +1.42 points	1.58%	0.16%
GDS Holdings Ltd	SDG +1.32 points	0.51%	1.83%
Li Auto Inc	SDG +1.29 points	1.07%	2.36%
LG Energy Solution Ltd	ERTH +1.24 points	2.03%	0.79%
Contemporary Amperex Technology Co Ltd	ERTH +1.20 points	1.23%	0.03%
Klepierre SA	ERTH +1.08 points	1.43%	0.35%
Rivian Automotive IncRIVN	ERTH +1.06 points	1.75%	0.69%
Weyerhaeuser CoWY	ERTH +1.02 points	2.32%	1.30%
NIO Inc	SDG +0.98 points	0.93%	1.91%
Nippon Building Fund Inc	ERTH +0.81 points	0.93%	0.12%
Vestas Wind Systems A/S	ERTH +0.80 points	4.54%	3.74%
Contemporary Amperex Technology Co Ltd	ERTH +0.75 points	1.48%	0.73%
MTR Corp Ltd	ERTH +0.59 points	1.06%	0.47%
CSI Solar Co Ltd	SDG +0.57 points	0.04%	0.61%
Henderson Land Development Co Ltd	ERTH +0.56 points	0.76%	0.20%
EDP Renewables SA	ERTH +0.53 points	0.73%	0.20%
First Solar IncFSLR	SDG +0.45 points	2.94%	3.39%
Zhejiang Leapmotor Technology Co Ltd	SDG +0.43 points	0.34%	0.77%
Gecina SA	ERTH +0.42 points	0.52%	0.10%
TCL Zhonghuan Renewable Energy Technology Co Ltd	SDG +0.42 points	0.05%	0.47%
Suzlon Energy Ltd	ERTH +0.34 points	0.65%	0.31%
Salmar ASA	ERTH +0.29 points	0.68%	0.39%
Covivio SA/France	ERTH +0.24 points	0.42%	0.18%
Mowi ASA	ERTH +0.21 points	1.64%	1.43%
Hangzhou First Applied Material Co Ltd	SDG +0.18 points	0.05%	0.23%
China Longyuan Power Group Corp Ltd	SDG +0.08 points	0.27%	0.35%
China Three Gorges Renewables Group Co Ltd	ERTH +0.08 points	0.14%	0.06%
Sungrow Power Supply Co Ltd	ERTH +0.05 points	0.20%	0.15%
Goldwind Science & Technology Co Ltd	SDG +0.04 points	0.08%	0.12%

All 177 ERTH holdings⁠All 120 SDG 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.

ERTH vs SDG Cost

Overpaying ERTH vs SDG

$2,738

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

ERTH 0.65%
$12,717
SDG 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

ERTH 0.65%
SDG 0.50%
Overpaying

Year by year

Year	ERTH	SDG	Overpaying
10	$1,163	$900	$263
20	$4,440	$3,460	$980
30	$12,717	$9,979	$2,738

Expense ratio

0.65%ERTH
0.50%SDG, cheaper

SDG0.50%ERTH0.65%

0.10%0.95%

Middle half of Climate & Sustainability funds
Median 0.48%

SDG 5th cheapest of 8 funds

ERTH 6th cheapest of 8 funds

ERTH vs SDG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ERTH 2.04%, better; SDG 1.75%
Payout (12M): ERTH $0.83; SDG $1.51
Last payment: ERTH $0.15; SDG $0.66
Ex-dividend: ERTH Sep 21, 2026; SDG Jun 15, 2026
Paid on: ERTH Sep 25, 2026; SDG Jun 18, 2026
Frequency: ERTH Quarterly; SDG Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ERTHQuarterly · 33 paymentsAll ERTH payments⁠

SDGTwice a year · 19 paymentsAll SDG payments⁠

ERTH vs SDG Risk

Fall from peak · 5 years

ERTH
SDG

Risk facts

VolatilityStd dev, 3 years: ERTH 17.9%SDG 12.8%, better
Return per unit of riskSharpe ratio, 3 years: ERTH −0.004SDG 0.34, better
Worst fallMax drawdown, 5 years: ERTH −51.7%SDG −27.8%, better
Market sensitivityBeta, 5 years: ERTH 1.12SDG 0.80; Market = 1

ERTH and SDG in the news

All news⁠

ETF Filings
Calamos to liquidate its Giannis Antetokounmpo sustainable ETF
Sep 11, 2026SDG

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ERTH vs SDG

In short

Stated mandate

Why people hold it

Worth knowing

How ERTH and SDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ERTH

Only in SDG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Calamos to liquidate its Giannis Antetokounmpo sustainable ETF

How ERTH and SDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ERTH

Only in SDG

Weight gaps