ESGU vs FEUS: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI USA ETF

ESGUANasdaq

Northern Trust ESG & Climate US Large Cap Core ETF

FEUSANYSE Arca

Overlap

56.0%by weight

Expense ratio

FEUS −0.06pt a year

ESGU0.15%FEUS0.09%

Avg volume · 30D

ESGU 97.5×the volume

ESGU389KFEUS3.99K

5Y return · a year

ESGU +0.3pt

ESGU+10.8%FEUS+10.5%

ESGU vs FEUS Performance

Oct 29, 2021 – Oct 30, 2026

+67.1%ESGU+64.5%FEUS

Expense ratio: ESGU 0.15%; FEUS 0.09%, better
Fund size: ESGU $17.8B; FEUS $126M
1Y total return: ESGU +11.5%; FEUS +12.3%, better
Yield (12M): ESGU 0.94%; FEUS 1.00%, better
Holdings: ESGU 271; FEUS 131
Avg volume (30D): ESGU 389K sh, better; FEUS 3.99K sh
NAV per share: ESGU $165.22; FEUS $82.36
52W range

ETF.net Grade

Pillar letters and Scores for ESGU, FEUS, with each pillar’s weight
Pillar	ESGU	FEUS
Cost30% weight	B68	A86Higher
Mission25% weight	A97	A100Higher
Risk15% weight	C50	C54Higher
Tradability15% weight	A92Higher	D38
Holdings10% weight	B59Higher	C50
Durability5% weight	A95Higher	C46

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. ESGU and FEUS 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 ›

ESGU ranks 4th and FEUS 12th 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 4AESGUiShares ESG Aware MSCI USA ETFScore 76
Rank 5ADFSUDimensional US Sustainability Core 1 ETFScore 74
Rank 10AUSXFiShares ESG Advanced MSCI USA ETFScore 72
Rank 12AFEUSNorthern Trust ESG & Climate US Large Cap Core ETFScore 71
Rank 13BESMLiShares ESG Aware MSCI USA Small-Cap ETFScore 68

Our read on each fund

ETF.net Research

ESGUAiShares ESG Aware MSCI USA ETF

FEUSANorthern Trust ESG & Climate US Large Cap Core ETF

In short

ESGU Screening out companies is easy; keeping the market's shape while you do it is the hard part. ESGU's index optimizes toward stronger ESG characteristics while targeting risk and return similar to the broad MSCI USA Index.

FEUS Plenty of ESG large-caps are a screened S&P 500. FEUS instead optimizes the 600 biggest US companies toward higher ESG scores and lower carbon, while holding sector weights near the parent. Fee: 0.09% net of a waiver through March 1, 2027.

Stated mandate

ESGU Seeks to track an index of large- and mid-cap U.S. companies selected for favorable environmental, social and governance (ESG) characteristics while seeking risk/return similar to the MSCI USA Index.

FEUS The fund seeks results that generally correspond, before fees and expenses, to the price and yield performance of the Northern Trust ESG & Climate US Large Cap Core Index.

Why people hold it

ESGU Not a screen-and-drop portfolio: the index optimizes toward better ESG characteristics while targeting risk and return similar to the broad MSCI USA Index.ishares.com
0.15% a year, below the typical fund in its US ESG group, spread across roughly 300 large- and mid-cap names rather than a narrow shortlist.
Running since 2016, a multi-billion-dollar iShares fund that pays quarterly and sits in the top quartile of a crowded US ESG peer group.

FEUS Not a screen, an optimizer: it starts from the 600 largest US companies, tilts toward higher ESG scores and lower carbon, and caps each name's active weight at -1.00% to +0.75%.sec.gov flexshares.com
The ESG Vector Score follows SASB standards, grading the sustainability issues that are financially material to each industry instead of applying one generic rating.sec.gov flexshares.com
0.09% net of a waiver through March 1, 2027 (0.10% gross), below the category median. ESGU charges 0.15%, SNPE and EFIV 0.10%; only XVV, at 0.08%, goes lower.
The portfolio matches the index it advertises, and it sits in the top quartile of a crowded 48-fund ESG peer group.

Worth knowing

ESGU Cheaper seats in the same row: XVV at 0.08%, ESGV at 0.09%, SNPE and EFIV at 0.10%, against 0.15% here.
Market-like risk is the stated goal, so exclusions are lighter than a purist ESG fund and the holdings end up looking a lot like the broad US market.ishares.com
MSCI's ratings decide who makes the cut, so the portfolio reflects one provider's definition of ESG, not an industry standard.ishares.com

FEUS Thinly traded and smaller, roughly 130 stocks. Thin volume can mean wider spreads; filings flag new fund risk, where a fund that stays small may track its index less closely.flexshares.com
Norms-based and controversial-business screens drop some big US names outright, so returns can drift from the broad market in either direction.sec.gov flexshares.com
The FlexShares label became Northern Trust ESG & Climate US Large Cap Core ETF in 2026. Same ticker, same index.flexshares.com

Full ESGU profile⁠

Full FEUS profile⁠

ESGU vs FEUS Holdings

How ESGU and FEUS differ

Overlap by weight

56.0%

Shared holdings make up 81.9% of FEUS and 63.3% of ESGU.

Level by level

Holdings84 in both56.0%
Sector11 Sectors95.8%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in ESGU and FEUS, widest gap first
Sector	More in ESGUMore in FEUS	ESGU	FEUS
Industrials	ESGU +1.7 points	8.2%	6.5%
Technology	FEUS +1.4 points	38.4%	39.8%
Consumer Discretionary	FEUS +1.3 points	8.1%	9.4%
Health Care	ESGU +0.8 points	10.6%	9.8%
Energy	ESGU +0.6 points	4.0%	3.4%
Communication	FEUS +0.6 points	8.5%	9.1%
Materials	FEUS +0.6 points	1.9%	2.5%
Real Estate	ESGU +0.5 points	2.1%	1.6%
Consumer Staples	ESGU +0.5 points	4.6%	4.1%
Financials	FEUS +0.3 points	11.9%	12.2%
Utilities	ESGU +0.2 points	1.8%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in ESGU and FEUS, widest gap first
Country	More in ESGUMore in FEUS	ESGU	FEUS
Canada	FEUS +0.6 points	0.0%	0.6%
Other countries (3)	ESGU +0.6 points	100.0%	99.4%

Concentration

Weight in the 10 largest Holdings

ESGU36.2%
FEUS39.0%

Securities held

ESGU268
FEUS129

Asset class

ESGU: Equity
FEUS: Equity

Holdings

Only in ESGU184
In both84
Only in FEUS45

Only in ESGU

184 securities, 36.6% of ESGU by weight

Exxonmobil Holdings Corp0.82%
Procter & Gamble0.66%
Costco Wholesale Corp0.65%
Coca-Cola0.61%
Applied Material Inc0.58%
Palo Alto Networks0.55%
Palantir Technologies Class A0.50%
Rtx0.48%
Nisource0.47%
UnitedHealth Group0.46%
Ge Aerospace0.46%
Gilead Sciences0.43%
Texas Instrument0.42%
Linde PLC0.40%
American Express0.39%
American Tower Reit0.39%
Bank of America0.36%
Honeywell International Inc0.36%
Williams0.36%
Ge Vernova0.35%
Accenture PLC Class A0.35%
Steris0.35%
Cummins Inc0.34%
Citigroup0.34%
Analog Devices0.33%
Netflix0.32%
Cheniere Energy0.32%
Crh Public Limited PLC0.32%
Stryker0.32%
Mckesson Corp0.30%
Idexx Laboratories0.30%
Ww Grainger Inc0.30%
Crowdstrike Holdings Class A0.29%
Colgate-Palmolive0.29%
L3HARRIS Technologies0.29%
Pnc Financial Services Group0.29%
Kinder Morgan0.28%
Marvell Technology0.28%
Cardinal Health0.28%
Vertex Pharmaceuticals0.28%
Arista Networks0.28%
Diamondback Energy0.27%
Walt Disney0.27%
3M0.26%
Prudential Financial Inc0.26%
Kimberly Clark0.26%
Western Digital Corp0.25%
Targa Resources0.24%
Cencora0.24%
Progressive0.24%

Only in FEUS

45 securities, 16.5% of FEUS by weight

Walmart Inc Common Stock USD 0.11.55%
Pepsico Inc Common Stock USD 0.0171.02%
Medtronic PLC Common Stock USD 0.10.90%
Valero Energy Corp Common Stock USD 0.010.85%
Cvs Health Corp Common Stock USD 0.010.84%
Waste Management Inc Common Stock USD 0.010.69%
Elevance Health Inc Common Stock USD 0.010.67%
Emerson Electric Co Common Stock USD 0.50.65%
Comcast Corp Common Stock USD 0.010.60%
Agnico Eagle Mines Ltd Common Stock Cad 00.60%
Johnson Controls International PLC Common Stock0.60%
Accenture PLC Common Stock USD 0.00002250.57%
Norfolk Southern Corp Common Stock USD 10.56%
Schlumberger Limited0.48%
Becton Dickinson & Co Common Stock USD 10.40%
Ebay Inc Common Stock USD 0.0010.38%
Republic Services Inc Common Stock USD 0.010.35%
Msci Inc Common Stock USD 0.010.33%
American International Group Inc Common Stock USD0.32%
Consolidated Edison Company of New York Inc.0.30%
Paychex Inc Common Stock USD 0.010.26%
Illumina Inc Common Stock USD 0.010.26%
PG&E Corp Common Stock USD 00.26%
Apollo Global Management Inc Common Stock USD0.24%
Expedia Group Inc Common Stock USD 0.0010.24%
Cognizant Technology Solutions Corp Common Stock0.21%
Jabil Inc Common Stock USD 0.0010.21%
American Water Works Co Inc Common Stock USD 0.010.21%
Ulta Beauty Inc Common Stock USD 0.010.20%
The Estee Lauder Companies Inc.0.19%
Hp Inc Common Stock USD 0.010.19%
Verisk Analytics Inc Common Stock USD 0.0010.19%
Edison International Common Stock USD 00.16%
Hubbell Inc Common Stock USD 0.010.16%
Dupont De Nemours Inc Common Stock USD 0.010.14%
SS&C Technologies Holdings Inc Common Stock USD0.12%
Equifax Inc Common Stock USD 1.250.12%
Akamai Technologies Inc Common Stock USD 0.010.10%
Ralph Lauren Corp Common Stock USD 0.010.09%
Nextpower Inc Common Stock USD 0.00010.08%
Las Vegas Sands Corp Common Stock USD 0.0010.08%
Host Hotels & Resorts Inc Reit USD 0.010.07%
United States of America Bill Zero Cpn 25/MAR/20270.05%
Globalfoundries Inc Common Stock USD 0.020.04%
Qxo Inc Common Stock USD 0.000010.02%

Weight gaps

All 84 Holdings in both funds, largest gap first.

Holding weights in ESGU and FEUS, widest gap first
Holding	More in ESGUMore in FEUS	ESGU	FEUS
Alphabet Class AGOOGL	FEUS +1.36 points	1.58%	2.94%
Eli LillyLLY	ESGU +1.24 points	1.70%	0.46%
Advanced Micro DevicesAMD	ESGU +1.09 points	1.29%	0.20%
Broadcom IncAVGO	ESGU +0.97 points	2.29%	1.32%
Johnson & JohnsonJNJ	FEUS +0.93 points	0.81%	1.74%
Micron TechnologyMU	ESGU +0.92 points	1.50%	0.58%
Tesla IncTSLA	FEUS +0.87 points	1.73%	2.60%
Mastercard Class AMA	FEUS +0.87 points	0.74%	1.61%
Amgen IncAMGN	FEUS +0.83 points	0.36%	1.19%
Merck & Co IncMRK	FEUS +0.83 points	0.53%	1.36%
SalesforceCRM	FEUS +0.82 points	0.34%	1.16%
International Business Machines CoIBM	FEUS +0.79 points	0.40%	1.19%
QualcommQCOM	FEUS +0.76 points	0.25%	1.01%
BlackRockBLK	FEUS +0.73 points	0.27%	1.00%
Union PacificUNP	FEUS +0.71 points	0.32%	1.03%
JPMorgan Chase & CoJPM	FEUS +0.67 points	1.34%	2.01%
AbbVieABBV	ESGU +0.66 points	0.89%	0.23%
Dell Technologies Inc Class CDELL	FEUS +0.66 points	0.19%	0.85%
Abbott LaboratoriesABT	FEUS +0.65 points	0.13%	0.78%
S&P GlobalSPGI	FEUS +0.61 points	0.40%	1.01%
Cisco Systems IncCSCO	FEUS +0.60 points	0.69%	1.29%
CsxCSX	FEUS +0.59 points	0.11%	0.70%
Prologis ReitPLD	FEUS +0.58 points	0.28%	0.86%
Visa Class AV	FEUS +0.56 points	1.33%	1.89%
Morgan StanleyMS	FEUS +0.51 points	0.44%	0.95%
FortinetFTNT	FEUS +0.50 points	0.12%	0.62%
MicrosoftMSFT	FEUS +0.48 points	5.71%	6.19%
Automatic Data Processing IncADP	FEUS +0.46 points	0.40%	0.86%
Booking HoldingsBKNG	FEUS +0.47 points	0.17%	0.64%
Amazon.com IncAMZN	FEUS +0.47 points	3.49%	3.96%
Adobe IncADBE	FEUS +0.46 points	0.26%	0.72%
Intel CorporationINTC	FEUS +0.45 points	0.45%	0.90%
Mondelez International Class AMDLZ	FEUS +0.44 points	0.10%	0.54%
Alphabet Class CGOOG	ESGU +0.43 points	2.89%	2.46%
ConocophillipsCOP	FEUS +0.41 points	0.33%	0.74%
Sherwin WilliamsSHW	FEUS +0.40 points	0.16%	0.56%
Cadence Design SystemsCDNS	FEUS +0.40 points	0.26%	0.66%
Equinix ReitEQIX	FEUS +0.37 points	0.36%	0.73%
PfizerPFE	FEUS +0.37 points	0.25%	0.62%
Hewlett Packard EnterpriseHPE	FEUS +0.36 points	0.17%	0.53%
Moodys CorpMCO	FEUS +0.35 points	0.17%	0.52%
ServicenowNOW	FEUS +0.36 points	0.27%	0.63%
Hartford Insurance GroupHIG	ESGU +0.34 points	0.60%	0.26%
Target CorpTGT	FEUS +0.33 points	0.18%	0.51%
SynopsysSNPS	FEUS +0.30 points	0.26%	0.56%
Bank of New York Mellon CorpBNY	FEUS +0.30 points	0.43%	0.73%
OneokOKE	FEUS +0.30 points	0.14%	0.44%
NVIDIANVDA	FEUS +0.29 points	7.25%	7.54%
CignaCI	FEUS +0.28 points	0.21%	0.49%
Baker Hughes Class ABKR	FEUS +0.27 points	0.13%	0.40%
OracleORCL	ESGU +0.26 points	0.35%	0.09%
MetlifeMET	ESGU +0.25 points	0.36%	0.11%
Lowes Companies IncLOW	ESGU +0.25 points	0.38%	0.13%
PayPal HoldingsPYPL	FEUS +0.25 points	0.09%	0.34%
Lam ResearchLRCX	FEUS +0.20 points	0.56%	0.76%
Workday Class AWDAY	FEUS +0.19 points	0.10%	0.29%
Goldman Sachs GroupGS	ESGU +0.18 points	0.52%	0.34%
Occidental Petroleum CorpOXY	FEUS +0.16 points	0.19%	0.35%
Netapp IncNTAP	FEUS +0.16 points	0.13%	0.29%
KlaKLAC	ESGU +0.15 points	0.26%	0.11%
Carrier GlobalCARR	FEUS +0.15 points	0.14%	0.29%
Church and Dwight IncCHD	ESGU +0.13 points	0.32%	0.19%
AutodeskADSK	FEUS +0.13 points	0.25%	0.38%
AppleAAPL	ESGU +0.14 points	7.66%	7.52%
Ingersoll RandIR	FEUS +0.13 points	0.10%	0.23%
Caterpillar IncCAT	FEUS +0.12 points	0.48%	0.60%
EcolabECL	FEUS +0.12 points	0.43%	0.55%
State StreetSTT	FEUS +0.10 points	0.24%	0.34%
Trane Technologies PLCTT	FEUS +0.10 points	0.35%	0.45%
Williams Sonoma IncWSM	FEUS +0.09 points	0.13%	0.22%
Bristol Myers SquibbBMY	FEUS +0.07 points	0.12%	0.19%
Berkshire Hathaway Inc Class BBRK.B	ESGU +0.07 points	0.46%	0.39%
Exelon CorpEXC	ESGU +0.06 points	0.36%	0.30%
SyscoSYY	FEUS +0.06 points	0.23%	0.29%
First SolarFSLR	FEUS +0.05 points	0.08%	0.13%
Home DepotHD	ESGU +0.04 points	0.66%	0.62%
Travelers CompaniesTRV	ESGU +0.05 points	0.18%	0.13%
VeraltoVLTO	FEUS +0.04 points	0.16%	0.20%
Nextera EnergyNEE	ESGU +0.03 points	0.41%	0.38%
Tractor SupplyTSCO	ESGU +0.02 points	0.15%	0.13%
Meta Platforms Class AMETA	FEUS +0.02 points	1.91%	1.93%
Broadridge Financial Solutions IncBR	ESGU +0.01 points	0.17%	0.16%
Verizon Communications IncVZ	ESGU +0.01 points	0.55%	0.54%
Xylem IncXYL	FEUS +0.01 points	0.15%	0.16%

All 268 ESGU holdings⁠All 132 FEUS 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.

ESGU vs FEUS Cost

Overpaying ESGU vs FEUS

$1,239

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

ESGU 0.15%
$3,137
FEUS 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

ESGU 0.15%
FEUS 0.09%
Overpaying

Year by year

Year	ESGU	FEUS	Overpaying
10	$274	$165	$109
20	$1,071	$646	$425
30	$3,137	$1,898	$1,239

Expense ratio

0.15%ESGU
0.09%FEUS, cheaper

FEUS0.09%ESGU0.15%

0.08%0.95%

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

FEUS 3rd cheapest of 47 funds

ESGU 13th cheapest of 47 funds

ESGU vs FEUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESGU 0.94%; FEUS 1.00%, better
Payout (12M): ESGU $1.55; FEUS $0.83
Last payment: ESGU $0.38; FEUS $0.21
Ex-dividend: ESGU Sep 15, 2026; FEUS Sep 18, 2026
Paid on: ESGU Sep 18, 2026; FEUS Sep 24, 2026
Frequency: ESGU Quarterly; FEUS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ESGUQuarterly · 41 paymentsAll ESGU payments⁠

FEUSQuarterly · 21 paymentsAll FEUS payments⁠

ESGU vs FEUS Risk

Fall from peak · 5 years

ESGU
FEUS

Risk facts

VolatilityStd dev, 3 years: ESGU 12.8%FEUS 12.7%, better
Return per unit of riskSharpe ratio, 3 years: ESGU 1.35, betterFEUS 1.26
Worst fallMax drawdown, 5 years: ESGU −26.1%FEUS −25.3%, better
Market sensitivityBeta, 5 years: ESGU 1.04FEUS 1.01; Market = 1

ESGU and FEUS in the news

All news⁠

ETF Filings
iShares files for a screened MSCI USA ETF that omits ESG from the name
Sep 4, 2026ESGU

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ESGU vs FEUS

In short

Stated mandate

Why people hold it

Worth knowing

How ESGU and FEUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in FEUS

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

iShares files for a screened MSCI USA ETF that omits ESG from the name

How ESGU and FEUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in FEUS

Weight gaps