ESGU vs WCEO: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI USA ETF

ESGUANasdaq

Hypatia Women CEO ETF

WCEODNYSE Arca

Overlap

6.4%by weight

Expense ratio

ESGU −0.70pt a year

ESGU0.15%WCEO0.85%

Avg volume · 30D

ESGU 148.0×the volume

ESGU389KWCEO2.63K

3Y return · a year

ESGU +4.0pt

ESGU+23.1%WCEO+19.1%

ESGU vs WCEO Performance

Oct 31, 2025 – Oct 30, 2026

+11.5%ESGU+20.5%WCEO

Expense ratio: ESGU 0.15%, better; WCEO 0.85%
Fund size: ESGU $17.8B; WCEO $14M
1Y total return: ESGU +11.5%; WCEO +20.5%, better
Yield (12M): ESGU 0.94%, better; WCEO 0.54%
Holdings: ESGU 271; WCEO 159
Avg volume (30D): ESGU 389K sh, better; WCEO 2.63K sh
NAV per share: ESGU $165.22; WCEO $38.91
52W range

ETF.net Grade

Pillar letters and Scores for ESGU, WCEO, with each pillar’s weight
Pillar	ESGU	WCEO
Cost30% weight	B68Higher	F2
Mission25% weight	A97	Not scored
Risk15% weight	C50Higher	C47
Tradability15% weight	A92Higher	C41
Holdings10% weight	B59	A75Higher
Durability5% weight	A95Higher	F5

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. ESGU and WCEO 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 WCEO 45th 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 44DWOMNImpact Shares YWCA Women's Empowerment ETFScore 36
Rank 45DWCEOHypatia Women CEO ETFScore 28
Rank 46DVEGNUS Vegan Climate ETFScore 26

Our read on each fund

ETF.net Research

ESGUAiShares ESG Aware MSCI USA ETF

WCEODHypatia Women CEO 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.

WCEO Most values-screened funds filter a broad index and call it a day. WCEO runs one blunt test at the top of the org chart: is the CEO a woman? Actively managed since 2023, built around Hypatia's own women-CEO index.

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.

WCEO The Fund is actively managed and does not seek to replicate the performance of a specified 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.

WCEO One rule, plainly stated: at least 80% of net assets in US companies led by a female CEO. The underlying index sets a $500 million market-cap floor.wceoetf.com
Up to 20% can go to companies with a female executive chairperson or chairperson, so the mandate reaches past the CEO title alone.wceoetf.com
Actively managed rather than index-replicating, so it can also hold female-led US companies of any size, not just the index members.wceoetf.com

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

WCEO At 0.85% a year it costs several times the typical fund in its screened-equity peer group, where broad index options like ESGV and XVV charge under 0.10%.
Small and thinly traded next to its peer group, which tends to mean wider bid-ask spreads and thinner quotes around the open and close.
The screen tracks who holds the corner office, so a CEO change can move a name in or out. Sector mix is a by-product of that, not a target.wceoetf.com

Full ESGU profile⁠

Full WCEO profile⁠

ESGU vs WCEO Holdings

How ESGU and WCEO differ

Overlap by weight

6.4%

Shared holdings make up 18.8% of WCEO and 6.9% of ESGU.

Level by level

Holdings26 in both6.4%
Sector11 Sectors72.6%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in ESGU and WCEO, widest gap first
Sector	More in ESGUMore in WCEO	ESGU	WCEO
Technology	ESGU +22.1 points	38.4%	16.3%
Industrials	WCEO +6.7 points	8.2%	14.9%
Consumer Discretionary	WCEO +6.1 points	8.1%	14.2%
Financials	WCEO +5.5 points	11.9%	17.4%
Communication	ESGU +5.0 points	8.5%	3.5%
Real Estate	WCEO +4.0 points	2.1%	6.1%
Materials	WCEO +2.8 points	1.9%	4.7%
Energy	WCEO +1.7 points	4.0%	5.7%
Consumer Staples	WCEO +0.4 points	4.6%	5.0%
Health Care	ESGU +0.3 points	10.6%	10.3%
Utilities	WCEO +0.1 points	1.8%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in ESGU and WCEO, widest gap first
Country	More in ESGUMore in WCEO	ESGU	WCEO
United States	ESGU +1.1 points	99.8%	98.7%
Mexico	WCEO +0.9 points	0.0%	0.9%
Other countries (3)	WCEO +0.3 points	0.2%	0.5%

Concentration

Weight in the 10 largest Holdings

ESGU36.2%
WCEO14.7%

Securities held

ESGU268
WCEO158

Asset class

ESGU: Equity
WCEO: Equity

Holdings

Only in ESGU242
In both26
Only in WCEO132

Only in ESGU

242 securities, 93.0% of ESGU by weight

Apple7.66%
NVIDIA7.25%
Microsoft5.71%
Amazon.com Inc3.49%
Alphabet Class C2.89%
Broadcom Inc2.29%
Meta Platforms Class A1.91%
Tesla Inc1.73%
Eli Lilly1.70%
Alphabet Class A1.58%
Micron Technology1.50%
JPMorgan Chase & Co1.34%
Visa Class A1.33%
AbbVie0.89%
Exxonmobil Holdings Corp0.82%
Johnson & Johnson0.81%
Mastercard Class A0.74%
Cisco Systems Inc0.69%
Home Depot0.66%
Procter & Gamble0.66%
Costco Wholesale Corp0.65%
Coca-Cola0.61%
Hartford Insurance Group0.60%
Applied Material Inc0.58%
Lam Research0.56%
Palo Alto Networks0.55%
Verizon Communications Inc0.55%
Merck & Co Inc0.53%
Goldman Sachs Group0.52%
Palantir Technologies Class A0.50%
Rtx0.48%
Caterpillar Inc0.48%
Nisource0.47%
UnitedHealth Group0.46%
Ge Aerospace0.46%
Berkshire Hathaway Inc Class B0.46%
Intel Corporation0.45%
Morgan Stanley0.44%
Ecolab0.43%
Bank of New York Mellon Corp0.43%
Gilead Sciences0.43%
Texas Instrument0.42%
Nextera Energy0.41%
Linde PLC0.40%
International Business Machines Co0.40%
American Express0.39%
American Tower Reit0.39%
Lowes Companies Inc0.38%
Bank of America0.36%
Metlife0.36%

Only in WCEO

132 securities, 81.7% of WCEO by weight

Solaris Energy I1.78%
International SE1.73%
Albertsons Cos-A1.56%
Tootsie Roll Ind1.52%
Clorox Co1.52%
Flex Ltd0.98%
Acadian Asset Ma0.96%
Franklin Templet0.96%
Fidelity Nationa0.96%
Voya Financial I0.96%
Cdw Corp/De0.95%
Lincoln Natl Crp0.95%
Trupanion Inc0.95%
Principal Finl0.95%
Horace Mann Educ0.95%
Amalgamated Fina0.95%
Hanmi Finl Corp0.95%
1ST Source Corp0.95%
Wex Inc0.95%
Alerus Financial0.95%
Adeia Inc0.94%
Nextnav Inc0.94%
Hubspot Inc0.93%
Workiva Inc0.93%
Clear Secure I-A0.92%
Clearfield Inc0.92%
Lumen Technologi0.92%
LIFE360 Inc0.92%
Amerisafe Inc0.92%
Power Integratio0.91%
Employers Holdin0.91%
Sirius Xm Holdin0.90%
New York Times-A0.90%
Reservoir Media0.89%
Cushman & Wakefi0.63%
Rlj Lodging Trus0.63%
Ventas Inc0.63%
Rexford Industri0.63%
Equity Lifestyle0.63%
Regency Centers0.63%
Centerspace0.62%
Essex Property0.62%
Kilroy Realty0.62%
Lindblad Expedit0.62%
Dick's Sporting0.62%
Expedia Group In0.62%
Five Below0.61%
Ulta Beauty Inc0.61%
Planet Fitness-A0.61%
Etsy Inc0.61%

Weight gaps

All 26 Holdings in both funds, largest gap first.

Holding weights in ESGU and WCEO, widest gap first
Holding	More in ESGUMore in WCEO	ESGU	WCEO
Marathon PetroleumMPC	WCEO +1.63 points	0.13%	1.76%
Kinder MorganKMI	WCEO +1.47 points	0.28%	1.75%
Nasdaq IncNDAQ	WCEO +0.75 points	0.20%	0.95%
Us BancorpUSB	WCEO +0.74 points	0.21%	0.95%
ProgressivePGR	WCEO +0.71 points	0.24%	0.95%
Arista NetworksANET	WCEO +0.64 points	0.28%	0.92%
CitigroupC	WCEO +0.62 points	0.34%	0.96%
Accenture PLC Class AACN	WCEO +0.58 points	0.35%	0.93%
S&P GlobalSPGI	WCEO +0.55 points	0.40%	0.95%
General MotorsGM	WCEO +0.51 points	0.10%	0.61%
Jb Hunt Transport ServicesJBHT	WCEO +0.48 points	0.08%	0.56%
Williams Sonoma IncWSM	WCEO +0.47 points	0.13%	0.60%
Parker-HannifinPH	WCEO +0.40 points	0.14%	0.54%
VeraltoVLTO	WCEO +0.39 points	0.16%	0.55%
Advanced Micro DevicesAMD	ESGU +0.37 points	1.29%	0.92%
Northrop Grumman CorpNOC	WCEO +0.33 points	0.23%	0.56%
Zoetis Inc Class AZTS	WCEO +0.33 points	0.16%	0.49%
Elevance Health IncELV	WCEO +0.29 points	0.20%	0.49%
DanaherDHR	WCEO +0.29 points	0.20%	0.49%
Equinix ReitEQIX	WCEO +0.26 points	0.36%	0.62%
NewmontNEM	WCEO +0.23 points	0.15%	0.38%
Sherwin WilliamsSHW	WCEO +0.23 points	0.16%	0.39%
Cummins IncCMI	WCEO +0.21 points	0.34%	0.55%
Automatic Data Processing IncADP	WCEO +0.16 points	0.40%	0.56%
Alnylam PharmaceuticalsALNY	WCEO +0.11 points	0.07%	0.18%
Vertex PharmaceuticalsVRTX	ESGU +0.09 points	0.28%	0.19%

All 268 ESGU holdings⁠All WCEO 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 WCEO Cost

Overpaying WCEO vs ESGU

$13,062

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

ESGU 0.15%
$3,137
WCEO 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

ESGU 0.15%
WCEO 0.85%
Overpaying

Year by year

Year	ESGU	WCEO	Overpaying
10	$274	$1,508	$1,234
20	$1,071	$5,706	$4,635
30	$3,137	$16,199	$13,062

Expense ratio

0.15%ESGU, cheaper
0.85%WCEO

ESGU0.15%WCEO0.85%

0.08%0.95%

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

ESGU 13th cheapest of 47 funds

WCEO 46th cheapest of 47 funds

ESGU vs WCEO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESGU 0.94%, better; WCEO 0.54%
Payout (12M): ESGU $1.55; WCEO $0.21
Last payment: ESGU $0.38; WCEO $0.21
Ex-dividend: ESGU Sep 15, 2026; WCEO Dec 19, 2025
Paid on: ESGU Sep 18, 2026; WCEO Dec 24, 2025
Frequency: ESGU Quarterly; WCEO Annual

Distribution history

Per share, 2017 to 2026, same scale for both

ESGUQuarterly · 41 paymentsAll ESGU payments⁠

WCEOAnnual · 3 paymentsAll WCEO payments⁠

ESGU vs WCEO 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%, betterWCEO 15.7%
Return per unit of riskSharpe ratio, 3 years: ESGU 1.35, betterWCEO 0.91
Worst fallMax drawdown, 5 years: ESGU −26.1%WCEO −25.9%since Jan 2023
Market sensitivityBeta, 5 years: ESGU 1.04WCEO 0.99; Market = 1

ESGU and WCEO 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 WCEO

In short

Stated mandate

Why people hold it

Worth knowing

How ESGU and WCEO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in WCEO

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 WCEO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ESGU

Only in WCEO

Weight gaps