Expense Ratio: Higher expense ratios directly reduce the net asset value and therefore the ETF's price.

Underlying Index Performance: ESGD's price closely tracks the performance of its underlying index. Positive index performance leads to price increases.

Supply and Demand: High demand for ESGD shares relative to available supply can drive up its price. Conversely, increased selling pressure can lower the price.

Component Stock Prices: Changes in the prices of individual stocks within the underlying index directly influence ESGD's net asset value and market price.

Currency Fluctuations: ESGD holds international stocks, so currency exchange rates impact its value when translated back into USD.

ESG Factors and Investor Sentiment: Growing interest in ESG investing can increase demand for ESGD, raising its price. Negative ESG news can lower it.

Market Conditions: Broad market trends, such as bull or bear markets, significantly influence investor sentiment and trading activity in ETFs like ESGD.

Interest Rates: Rising interest rates can make bond investments more attractive, potentially leading investors to sell off equity ETFs like ESGD, decreasing its price.