RCGE vs SDG: Grades, Fees and Holdings Compared

RockCreek Global Equality ETF

RCGEDNasdaq

iShares MSCI Global Sustainable Development Goals ETF

SDGBNasdaq

Overlap

3.8%by weight

Expense ratio

SDG −0.45pt a year

RCGE0.95%SDG0.50%

Avg volume · 30D

SDG 11.7×the volume

RCGE290SDG3.39K

RCGE vs SDG Performance

Nov 7, 2025 – Nov 9, 2026

+15.5%RCGE+6.0%SDG

Expense ratio: RCGE 0.95%; SDG 0.50%, better
Fund size: RCGE $101M; SDG $162M
1Y total return: RCGE +15.5%, better; SDG +6.0%
Yield (12M): RCGE No data; SDG 1.71%
Holdings: RCGE 202; SDG 145
Avg volume (30D): RCGE 290 sh; SDG 3.39K sh, better
NAV per share: RCGE $31.23; SDG $87.79
52W range

ETF.net Grade

Pillar letters and Scores for RCGE, SDG, with each pillar’s weight
Pillar	RCGE	SDG
Cost30% weight	F7	C47Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A79Higher	A72
Tradability15% weight	D35	B60Higher
Holdings10% weight	A80Higher	B60
Durability5% weight	D35	A81Higher

Rank among Climate & Sustainability funds

How we build Categories ›

Same Category. RCGE 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 3rd and RCGE 7th of 8 funds in the Climate & Sustainability Category.

Rank 1AKLMTInvesco MSCI Global Climate 500 ETFScore 72
Rank 2BIQSZInvesco Global Equity Net Zero ETFScore 68
Rank 3BCCSOCarbon Collective Climate Solutions U.S. Equity ETFScore 58
Rank 3BSDGiShares MSCI Global Sustainable Development Goals ETFScore 58
Rank 5CERTHInvesco MSCI Sustainable Future ETFScore 45
Rank 6CETECiShares Breakthrough Environmental Solutions ETFScore 40
Rank 7DRCGERockCreek Global Equality ETFScore 38
Rank 8DPCLNPictet Cleaner Planet ETFScore 35

Our read on each fund

ETF.net Research

RCGEDRockCreek Global Equality ETF

SDGBiShares MSCI Global Sustainable Development Goals ETF

In short

RCGE Gender-lens investing, taken global and active: RockCreek scores developed and emerging market companies on Equileap's gender-equality data, adds ethical screens, and holds the names that clear the bar.

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

RCGE The Fund seeks long-term capital appreciation through an actively managed portfolio of companies selected for demonstrated gender-balance practices and strong gender-equality scores, subject to additional ethical, gender-related, and financial screens.

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

Why people hold it

RCGE The theme is measured, not asserted: companies are ranked on Equileap's Gender Equality Scorecard, covering gender balance, pay gap and related policies.rockcreeketfs.com
Wide net, diversified result: roughly 3,000 developed and 1,000 emerging market stocks get screened down to a 150-250 name portfolio spread across regions.rockcreeketfs.com
Actively managed, so the portfolio can respond to fresh gender data and financial screens instead of waiting on an index reconstitution calendar.rockcreeketfs.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

RCGE Fee is 0.95% a year against a 0.56% median for global thematic peers. That gap buys active management and licensed gender data, and it compounds.
Launched in 2025, so the live record is short and the stock picking has not yet been tested across a full market cycle.
Thinly traded next to the index heavyweights in its category, so spreads can widen. Limit orders are the standard tool with funds like this.

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 RCGE profile⁠

Full SDG profile⁠

RCGE vs SDG Holdings

How RCGE and SDG differ

Overlap by weight

3.8%

Shared holdings make up 17.1% of SDG and 5.0% of RCGE.

Level by level

Holdings10 in both3.8%
Countryby domicile57.3%
Sector10 Sectors60.2%
Asset classStocks100%

Sector

Sector weights in RCGE and SDG, widest gap first
Sector	Gap	RCGE	SDG
Financials	RCGE +26.7 points	26.6%	0.0%
Health Care	SDG +11.0 points	10.8%	21.8%
Consumer Staples	SDG +8.9 points	12.5%	21.4%
Technology	SDG +8.9 points	7.6%	16.5%
Communication	RCGE +7.3 points	7.3%	0.0%
Industrials	SDG +6.8 points	9.1%	15.9%
Materials	RCGE +4.2 points	4.5%	0.3%
Real Estate	SDG +2.9 points	6.4%	9.3%
Utilities	RCGE +1.7 points	6.1%	4.4%
Consumer Discretionary	SDG +1.1 points	9.2%	10.3%

Country, concentration and asset class

Country by domicile

Country weights in RCGE and SDG, widest gap first
Country	Gap	RCGE	SDG
China	SDG +16.9 points	0.0%	16.9%
Australia	RCGE +8.1 points	10.6%	2.5%
Japan	SDG +8.1 points	1.0%	9.1%
France	RCGE +7.0 points	8.2%	1.2%
United Kingdom	RCGE +5.6 points	7.5%	1.9%
Taiwan	SDG +5.2 points	1.4%	6.6%
Denmark	SDG +4.8 points	1.0%	5.8%
Netherlands	RCGE +3.1 points	3.1%	0.0%
Other countries (22)	RCGE +11.3 points	67.2%	55.9%

Outside the US: RCGE 91% developed, 9% emerging. SDG 58% developed, 42% emerging.

Concentration

Weight in the 10 largest Holdings

RCGE6.4%
SDG35.7%

Securities held

RCGE200
SDG120

Asset class

RCGE: Stocks
SDG: Stocks

Holdings

Only in RCGE190
In both10
Only in SDG110

Only in RCGE

190 securities, 94.7% of RCGE by weight

Accenture PLC0.70%
VF Corp0.69%
Gen Digital Inc0.66%
Etsy Inc0.65%
Ucb SA0.63%
Wendy's Co/The0.62%
Wolters Kluwer NV0.61%
Autodesk Inc0.60%
H&R Block Inc0.60%
Zalando SE0.59%
Campbell's Company/The0.58%
Koninklijke Philips NV0.58%
Yum! Brands Inc0.57%
Lyft Inc0.57%
Experian PLC0.57%
Xero Ltd0.57%
MONY Group PLC0.56%
Kinnevik AB0.56%
HUB24 Ltd0.56%
Puma SE0.56%
Pernod Ricard SA0.56%
Deckers Outdoor Corp0.56%
Vail Resorts Inc0.56%
Challenger Ltd0.56%
Temenos AG0.56%
Marriott International Inc/MD0.56%
CAR Group Ltd0.56%
S&P Global Inc0.55%
Procter & Gamble Co/The0.55%
L'Oreal SA0.55%
Diageo PLC0.55%
Mastercard Inc0.55%
Vivendi SE0.54%
Sanofi SA0.54%
Dow Inc0.54%
ASX Ltd0.54%
Exelon Corp0.54%
Coca-Cola Co/The0.54%
Edison International0.54%
Arch Capital Group Ltd0.54%
QBE Insurance Group Ltd0.54%
J M Smucker Co/The0.53%
Wal-Mart de Mexico SAB de CV0.53%
AstraZeneca PLC0.53%
Stockland0.53%
Baxter International Inc0.53%
Orkla ASA0.53%
National Grid PLC0.53%
Danone SA0.53%
Hershey Co/The0.53%

Only in SDG

110 securities, 82.3% of SDG by weight

Tyson Foods Inc Class A4.37%
Vestas Wind Systems4.10%
East Japan Railway3.91%
NVIDIA3.68%
Wiwynn Corporation3.06%
Uni-President Enterprises2.73%
Li Auto Class A2.59%
Marvell Technology2.55%
Wh Group2.48%
Nio Class A1.89%
Central Japan Railway1.89%
Regeneron Pharmaceuticals1.89%
Csl1.81%
Equinix Reit1.77%
Essity Class B1.76%
Gds Holdings Class A1.75%
Xpeng Class A Inc1.56%
Masco1.48%
Acciona1.45%
Mowi1.38%
Weyerhaeuser Reit1.33%
Alfa A1.27%
China Mengniu Dairy Ltd1.25%
Digital Realty Trust Reit1.25%
Hochtief AG1.20%
Saputo1.14%
Daiichi Sankyo Ltd1.01%
Pearson PLC0.96%
Edwards Lifesciences0.94%
Orsted A/S0.92%
Zhejiang Leapmotor Technology Ltd0.85%
Contemporary Amperex Technology A0.79%
Rivian Automotive Class A0.76%
Lg Energy Solution Ltd0.72%
Csi Solar Ltd A0.71%
Genmab0.66%
New Oriental Education & Technolog0.61%
Dexcom Inc0.58%
Sonova Holding AG0.53%
United Utilities Group PLC0.52%
Argenx0.50%
Tal Education Group Adr Reptg0.49%
Mtr Corporation0.48%
Unicharm0.48%
Tcl Zhonghuan Renewable Energy Tec0.46%
Beone Medicines AG0.46%
Eisai0.44%
Tingyi (Cayman Islands) Holdings0.42%
Terumo0.42%
Incyte Corp0.42%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in RCGE and SDG, widest gap first
Holding	Gap	RCGE	SDG
Bristol-Myers Squibb CoBMY	SDG +3.44 points	0.49%	3.93%
First Solar IncFSLR	SDG +3.34 points	0.54%	3.88%
Novartis AG	SDG +2.87 points	0.54%	3.41%
Kimberly-Clark CorpKMB	SDG +1.88 points	0.53%	2.41%
Vertex Pharmaceuticals IncVRTX	SDG +1.12 points	0.51%	1.63%
Vonovia SE	SDG +0.65 points	0.46%	1.11%
PharmaEssentia Corp	RCGE +0.45 points	0.51%	0.06%
Land Securities Group PLCLAND.L	RCGE +0.40 points	0.52%	0.12%
Covivio SA/France	RCGE +0.27 points	0.46%	0.19%
Unibail-Rodamco-Westfield	RCGE +0.09 points	0.48%	0.39%

All RCGE 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.

RCGE vs SDG Cost

Overpaying RCGE vs SDG

$7,890

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

RCGE 0.95%
$17,869
SDG 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

RCGE 0.95%
SDG 0.50%
Overpaying

Year by year

Year	RCGE	SDG	Overpaying
10	$1,678	$900	$778
20	$6,322	$3,460	$2,862
30	$17,869	$9,979	$7,890

Expense ratio

0.95%RCGE
0.50%SDG, cheaper

SDG0.50%RCGE0.95%

0.10%0.95%

Middle half of Climate & Sustainability funds
Median 0.48%

SDG 5th cheapest of 8 funds

RCGE 8th cheapest of 8 funds

RCGE vs SDG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): RCGE No data; SDG 1.71%
Payout (12M): RCGE No data; SDG $1.51
Last payment: RCGE $0.51; SDG $0.66
Ex-dividend: RCGE Dec 23, 2025; SDG Jun 15, 2026
Paid on: RCGE Dec 26, 2025; SDG Jun 18, 2026
Frequency: RCGE Irregular; SDG Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

RCGEIrregular · 1 paymentAll RCGE payments⁠

SDGTwice a year · 19 paymentsAll SDG payments⁠

RCGE vs SDG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: RCGE 11.3%since Mar 2025SDG 12.8%
Return per unit of riskSharpe ratio, 3 years: RCGE 0.94since Mar 2025SDG 0.34
Worst fallMax drawdown, 5 years: RCGE −12.4%since Feb 2025SDG −27.0%
Market sensitivityBeta, 5 years: RCGE 0.38SDG 0.80; Market = 1

RCGE and SDG in the news

All news⁠

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

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RCGE vs SDG

In short

Stated mandate

Why people hold it

Worth knowing

How RCGE and SDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in RCGE

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 RCGE and SDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in RCGE

Only in SDG

Weight gaps