ESGU vs USNZ: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI USA ETF

ESGUANasdaq

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZBNYSE Arca

Overlap

71.5%by weight

Expense ratio

USNZ −0.05pt a year

ESGU0.15%USNZ0.10%

Avg volume · 30D

ESGU 1148.1×the volume

ESGU389KUSNZ339

3Y return · a year

ESGU +1.0pt

ESGU+23.1%USNZ+22.1%

ESGU vs USNZ Performance

Oct 31, 2025 – Oct 30, 2026

+11.5%ESGU+10.6%USNZ

Expense ratio: ESGU 0.15%; USNZ 0.10%, better
Fund size: ESGU $17.8B; USNZ $293M
1Y total return: ESGU +11.5%, better; USNZ +10.6%
Yield (12M): ESGU 0.94%, better; USNZ 0.92%
Holdings: ESGU 271; USNZ 298
Avg volume (30D): ESGU 389K sh, better; USNZ 339 sh
NAV per share: ESGU $165.22; USNZ $47.63
52W range

ETF.net Grade

Pillar letters and Scores for ESGU, USNZ, with each pillar’s weight
Pillar	ESGU	USNZ
Cost30% weight	B68	A86Higher
Mission25% weight	A97Higher	A91
Risk15% weight	C50Higher	C43
Tradability15% weight	A92Higher	F20
Holdings10% weight	B59Higher	D35
Durability5% weight	A95Higher	D38

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. ESGU and USNZ 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 USNZ 21st 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 21BTOVJLens 500 Jewish Advocacy U.S. ETFScore 63
Rank 21BUSNZXtrackers Net Zero Pathway Paris Aligned US Equity ETFScore 63
Rank 25BCATHGlobal X S&P 500 Catholic Values ETFScore 62

Our read on each fund

ETF.net Research

ESGUAiShares ESG Aware MSCI USA ETF

USNZBXtrackers Net Zero Pathway Paris Aligned US Equity 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.

USNZ No data

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.

USNZ No data

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.

USNZ No data

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

USNZ No data

Full ESGU profile⁠

Full USNZ profile⁠

ESGU vs USNZ Holdings

How ESGU and USNZ differ

Overlap by weight

71.5%

Shared holdings make up 86.3% of USNZ and 80.7% of ESGU.

Level by level

Holdings173 in both71.5%
Sector11 Sectors84.9%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in ESGU and USNZ, widest gap first
Sector	More in ESGUMore in USNZ	ESGU	USNZ
Technology	USNZ +8.6 points	38.4%	47.0%
Industrials	ESGU +5.1 points	8.2%	3.1%
Energy	ESGU +4.0 points	4.0%	0.0%
Communication	USNZ +2.9 points	8.5%	11.4%
Financials	ESGU +2.2 points	11.9%	9.7%
Consumer Staples	ESGU +2.1 points	4.6%	2.5%
Health Care	USNZ +1.9 points	10.6%	12.5%
Utilities	ESGU +0.9 points	1.8%	0.9%
Materials	ESGU +0.8 points	1.9%	1.1%
Real Estate	USNZ +0.8 points	2.1%	2.9%
Consumer Discretionary	USNZ +0.8 points	8.1%	8.9%

Country, concentration and asset class

Country by domicile

Country weights in ESGU and USNZ, widest gap first
Country	More in ESGUMore in USNZ	ESGU	USNZ
United States	ESGU +0.6 points	99.8%	99.2%
Other countries (3)	USNZ +0.6 points	0.2%	0.8%

Concentration

Weight in the 10 largest Holdings

ESGU36.2%
USNZ44.4%

Securities held

ESGU268
USNZ297

Asset class

ESGU: Equity
USNZ: Equity

Holdings

Only in ESGU95
In both173
Only in USNZ124

Only in ESGU

95 securities, 19.1% of ESGU by weight

Exxonmobil Holdings Corp0.82%
Costco Wholesale Corp0.65%
Coca-Cola0.61%
Palantir Technologies Class A0.50%
Rtx0.48%
Caterpillar Inc0.48%
Nisource0.47%
Ge Aerospace0.46%
Berkshire Hathaway Inc Class B0.46%
Nextera Energy0.41%
Linde PLC0.40%
International Business Machines Co0.40%
Honeywell International Inc0.36%
Williams0.36%
Ge Vernova0.35%
Accenture PLC Class A0.35%
Cummins Inc0.34%
Conocophillips0.33%
Union Pacific0.32%
Cheniere Energy0.32%
Crh Public Limited PLC0.32%
L3HARRIS Technologies0.29%
Kinder Morgan0.28%
Diamondback Energy0.27%
3M0.26%
Targa Resources0.24%
Northrop Grumman Corp0.23%
Eaton PLC0.21%
Caseys General Stores Inc0.20%
Elevance Health Inc0.20%
Dell Technologies Inc Class C0.19%
Occidental Petroleum Corp0.19%
Expeditors International of Washin0.18%
Phillips 660.18%
T Rowe Price Group0.17%
Hewlett Packard Enterprise0.17%
Amphenol Corp Class A0.17%
Broadridge Financial Solutions Inc0.17%
Howmet Aerospace0.16%
Eversource Energy0.16%
Veralto0.16%
Jacobs Solutions Inc0.16%
Newmont0.15%
Xylem Inc0.15%
Devon Energy0.15%
Okta Class A0.15%
Tractor Supply0.15%
Parker-Hannifin0.14%
Oneok0.14%
Entergy Corp0.14%

Only in USNZ

124 securities, 13.4% of USNZ by weight

American Water Works Co Inc0.42%
Pepsico0.37%
Medtronic plc0.30%
Edison International0.30%
Accenture Ltd-Cl A0.28%
CVS Health Corp0.26%
Charles Schwab Corp0.24%
Equity Residential0.24%
Waste Management Inc0.23%
O Reilly Auto0.21%
Chubb Ltd Npv0.21%
Simon Property Group Inc0.20%
United Parcel Service Inc-CL B0.20%
Becton Dickinson & Co0.20%
Fastenal Co0.19%
Monster Beverage Corp0.19%
Vertiv Holdings Co0.19%
Boston Scientific Corp0.18%
DoorDash Inc0.18%
eBay Inc0.18%
FedEx Corp0.18%
NXP Semiconductors NV0.17%
Autozone Inc0.17%
Public Storage0.17%
Garmin Ltd0.17%
Ulta Salon Cosmetics & Fragr0.16%
Realty Income Corp0.16%
Estee Lauder Cos Inc0.16%
Anthem Inc0.16%
DexCom0.15%
GE HealthCare Technologies0.15%
Microchip Technology Inc0.15%
NIKE Inc-CL B0.15%
Ventas Inc0.15%
Extra Space Storage Inc0.15%
Vylor Inc0.14%
Johnson Controls International PLC0.14%
Marriott International Inc0.14%
Kenvue Inc0.14%
Comcast Corp-CL A0.14%
Copart Inc0.14%
Cintas Corp0.14%
Teradyne Inc0.14%
Crh PLC0.13%
T-Mobile US Inc0.13%
VICI Properties Inc0.13%
Arthur J Gallagher0.12%
Airbnb Inc0.12%
Vulcan Materials Co0.12%
Southern Copper Corp0.12%

Weight gaps

The 100 widest of 173 Holdings in both funds.

Holding weights in ESGU and USNZ, widest gap first
Holding	More in ESGUMore in USNZ	ESGU	USNZ
NVIDIANVDA	USNZ +2.06 points	7.25%	9.31%
AppleAAPL	USNZ +1.94 points	7.66%	9.60%
MicrosoftMSFT	USNZ +1.49 points	5.71%	7.20%
Alphabet Class AGOOGL	USNZ +1.40 points	1.58%	2.98%
Hartford Insurance GroupHIG	ESGU +0.56 points	0.60%	0.04%
Broadcom IncAVGO	USNZ +0.43 points	2.29%	2.72%
Meta Platforms Class AMETA	USNZ +0.37 points	1.91%	2.28%
Alphabet Class CGOOG	ESGU +0.36 points	2.89%	2.53%
Johnson & JohnsonJNJ	USNZ +0.33 points	0.81%	1.14%
MetlifeMET	ESGU +0.31 points	0.36%	0.05%
Thermo Fisher ScientificTMO	USNZ +0.30 points	0.23%	0.53%
Tesla IncTSLA	USNZ +0.29 points	1.73%	2.02%
Eli LillyLLY	USNZ +0.30 points	1.70%	2.00%
Abbott LaboratoriesABT	USNZ +0.26 points	0.13%	0.39%
Bank of New York Mellon CorpBNY	ESGU +0.26 points	0.43%	0.17%
Amazon.com IncAMZN	USNZ +0.25 points	3.49%	3.74%
Verizon Communications IncVZ	ESGU +0.24 points	0.55%	0.31%
Prudential Financial IncPRU	ESGU +0.23 points	0.26%	0.03%
Intuitive SurgicalISRG	USNZ +0.23 points	0.11%	0.34%
Wells FargoWFC	USNZ +0.23 points	0.17%	0.40%
EcolabECL	ESGU +0.22 points	0.43%	0.21%
SterisSTE	ESGU +0.22 points	0.35%	0.13%
Visa Class AV	ESGU +0.22 points	1.33%	1.11%
Trane Technologies PLCTT	ESGU +0.21 points	0.35%	0.14%
Ww Grainger IncGWW	ESGU +0.20 points	0.30%	0.10%
Automatic Data Processing IncADP	ESGU +0.20 points	0.40%	0.20%
Church and Dwight IncCHD	ESGU +0.19 points	0.32%	0.13%
Bristol Myers SquibbBMY	USNZ +0.18 points	0.12%	0.30%
Arch Capital GroupACGL	ESGU +0.18 points	0.23%	0.05%
Raymond JamesRJF	ESGU +0.17 points	0.22%	0.05%
Mcdonalds CorpMCD	USNZ +0.16 points	0.12%	0.28%
S&P GlobalSPGI	ESGU +0.17 points	0.40%	0.23%
Regeneron PharmaceuticalsREGN	USNZ +0.16 points	0.11%	0.27%
Lowes Companies IncLOW	ESGU +0.16 points	0.38%	0.22%
Micron TechnologyMU	USNZ +0.16 points	1.50%	1.66%
Merck & Co IncMRK	USNZ +0.16 points	0.53%	0.69%
Amgen IncAMGN	USNZ +0.15 points	0.36%	0.51%
State StreetSTT	ESGU +0.16 points	0.24%	0.08%
Pnc Financial Services GroupPNC	ESGU +0.15 points	0.29%	0.14%
Kimberly ClarkKMB	ESGU +0.15 points	0.26%	0.11%
AutodeskADSK	ESGU +0.14 points	0.25%	0.11%
DanaherDHR	USNZ +0.14 points	0.20%	0.34%
American Tower ReitAMT	ESGU +0.15 points	0.39%	0.24%
Bank of AmericaBAC	USNZ +0.14 points	0.36%	0.50%
Idexx LaboratoriesIDXX	ESGU +0.14 points	0.30%	0.16%
Citizens Financial Group IncCFG	ESGU +0.14 points	0.14%	<0.01%
PfizerPFE	USNZ +0.14 points	0.25%	0.39%
Archer Daniels MidlandADM	ESGU +0.14 points	0.14%	<0.01%
Cardinal HealthCAH	ESGU +0.14 points	0.28%	0.14%
Colgate-PalmoliveCL	ESGU +0.13 points	0.29%	0.16%
UnitedHealth GroupUNH	USNZ +0.14 points	0.46%	0.60%
Crowdstrike Holdings Class ACRWD	USNZ +0.13 points	0.29%	0.42%
Motorola Solutions IncMSI	USNZ +0.13 points	0.11%	0.24%
Kraft HeinzKHC	ESGU +0.13 points	0.20%	0.07%
KlaKLAC	USNZ +0.13 points	0.26%	0.39%
WelltowerWELL	USNZ +0.13 points	0.23%	0.36%
CencoraCOR	ESGU +0.11 points	0.24%	0.13%
Fifth Third BancorpFITB	ESGU +0.11 points	0.15%	0.04%
Equinix ReitEQIX	ESGU +0.11 points	0.36%	0.25%
HumanaHUM	ESGU +0.11 points	0.11%	<0.01%
Nasdaq IncNDAQ	ESGU +0.11 points	0.20%	0.09%
Cadence Design SystemsCDNS	ESGU +0.10 points	0.26%	0.16%
General Mills IncGIS	ESGU +0.11 points	0.18%	0.07%
Texas InstrumentTXN	USNZ +0.10 points	0.42%	0.52%
American ExpressAXP	ESGU +0.10 points	0.39%	0.29%
SyscoSYY	ESGU +0.10 points	0.23%	0.13%
QualcommQCOM	USNZ +0.11 points	0.25%	0.36%
Home DepotHD	ESGU +0.10 points	0.66%	0.56%
NetflixNFLX	USNZ +0.11 points	0.32%	0.43%
SynopsysSNPS	ESGU +0.10 points	0.26%	0.16%
General MotorsGM	ESGU +0.09 points	0.10%	<0.01%
International PaperIP	ESGU +0.09 points	0.11%	0.02%
Lumentum HoldingsLITE	USNZ +0.10 points	0.10%	0.20%
Uber TechnologiesUBER	USNZ +0.10 points	0.17%	0.27%
Analog DevicesADI	USNZ +0.09 points	0.33%	0.42%
Ares Management Class AARES	ESGU +0.09 points	0.09%	<0.01%
Goldman Sachs GroupGS	ESGU +0.09 points	0.52%	0.43%
ServicenowNOW	ESGU +0.08 points	0.27%	0.19%
JPMorgan Chase & CoJPM	USNZ +0.09 points	1.34%	1.43%
DeereDE	USNZ +0.09 points	0.23%	0.32%
Te Connectivity PLCTEL	USNZ +0.08 points	0.11%	0.19%
Advanced Micro DevicesAMD	USNZ +0.09 points	1.29%	1.38%
Mondelez International Class AMDLZ	USNZ +0.09 points	0.10%	0.19%
Cboe Global MarketsCBOE	ESGU +0.09 points	0.16%	0.07%
Yum BrandsYUM	ESGU +0.09 points	0.11%	0.02%
Arista NetworksANET	USNZ +0.08 points	0.28%	0.36%
Chipotle Mexican GrillCMG	ESGU +0.09 points	0.16%	0.07%
Us BancorpUSB	ESGU +0.09 points	0.21%	0.12%
Veeva Systems Class AVEEV	ESGU +0.08 points	0.18%	0.10%
Monolithic Power Systems IncMPWR	USNZ +0.08 points	0.09%	0.17%
Adobe IncADBE	ESGU +0.08 points	0.26%	0.18%
Cme Group Class ACME	USNZ +0.07 points	0.12%	0.19%
NucorNUE	ESGU +0.08 points	0.12%	0.04%
Ppg IndustriesPPG	ESGU +0.07 points	0.15%	0.08%
Morgan StanleyMS	ESGU +0.07 points	0.44%	0.37%
StrykerSYK	ESGU +0.08 points	0.32%	0.24%
CignaCI	ESGU +0.08 points	0.21%	0.13%
Carrier GlobalCARR	ESGU +0.07 points	0.14%	0.07%
Mastercard Class AMA	USNZ +0.07 points	0.74%	0.81%
MercadolibreMELI	USNZ +0.07 points	0.13%	0.20%

All 268 ESGU holdings⁠All 299 USNZ 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 USNZ Cost

Overpaying ESGU vs USNZ

$1,031

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

ESGU 0.15%
$3,137
USNZ 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

ESGU 0.15%
USNZ 0.10%
Overpaying

Year by year

Year	ESGU	USNZ	Overpaying
10	$274	$183	$91
20	$1,071	$717	$354
30	$3,137	$2,106	$1,031

Expense ratio

0.15%ESGU
0.10%USNZ, cheaper

USNZ0.10%ESGU0.15%

0.08%0.95%

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

USNZ 7th cheapest of 47 funds

ESGU 13th cheapest of 47 funds

ESGU vs USNZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESGU 0.94%, better; USNZ 0.92%
Payout (12M): ESGU $1.55; USNZ $0.44
Last payment: ESGU $0.38; USNZ $0.10
Ex-dividend: ESGU Sep 15, 2026; USNZ Sep 18, 2026
Paid on: ESGU Sep 18, 2026; USNZ Sep 25, 2026
Frequency: ESGU Quarterly; USNZ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ESGUQuarterly · 41 paymentsAll ESGU payments⁠

USNZQuarterly · 18 paymentsAll USNZ payments⁠

ESGU vs USNZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ESGU 12.8%, betterUSNZ 13.4%
Return per unit of riskSharpe ratio, 3 years: ESGU 1.35, betterUSNZ 1.24
Worst fallMax drawdown, 5 years: ESGU −26.1%USNZ −19.2%since Jun 2022
Market sensitivityBeta, 5 years: ESGU 1.04USNZ 1.09; Market = 1

ESGU and USNZ 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 USNZ

In short

Stated mandate

Why people hold it

Worth knowing

How ESGU and USNZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in USNZ

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