- ISIN
- US33939L5975
- Issuer
- FlexShares
- Inception Date
- Sep 20, 2021
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $76M
Share Price Chart
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Performance
FEDM Performance Chart
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is up 7.2% since the beginning of the year. FEDM is currently trading at $62 per share.
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Returns By Period
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has returned 7.18% so far this year and 19.21% over the past 12 months.
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund
- 1D
- 0.08%
- 1M
- 1.43%
- YTD
- 7.18%
- 6M
- 7.35%
- 1Y
- 19.21%
- 3Y*
- 14.67%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FEDM Monthly Returns History
Based on dividend-adjusted daily data since Sep 21, 2021, FEDM's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +12.7%, while the worst month was Sep 2022 at -9.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FEDM closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +7.6%, while the worst single day was Apr 4, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.87% | 3.98% | -8.11% | 5.45% | 1.78% | 0.63% | 7.18% | ||||||
| 2025 | 4.10% | 1.76% | -0.13% | 4.11% | 4.66% | 1.82% | -2.23% | 3.65% | 2.43% | 0.11% | 1.85% | 2.11% | 26.85% |
| 2024 | -0.48% | 1.75% | 3.09% | -2.89% | 5.04% | -1.74% | 2.83% | 3.88% | 1.37% | -5.41% | -0.73% | -3.32% | 2.85% |
| 2023 | 8.81% | -3.22% | 2.84% | 3.34% | -4.81% | 4.44% | 2.38% | -3.72% | -4.13% | -2.85% | 9.05% | 5.39% | 17.39% |
| 2022 | -3.51% | -3.24% | 0.64% | -6.51% | 1.61% | -8.95% | 5.30% | -6.54% | -9.53% | 6.06% | 12.73% | -2.04% | -15.25% |
| 2021 | -2.07% | 3.96% | -4.69% | 4.60% | 1.50% |
Benchmark Metrics
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has an annualized alpha of -0.93%, beta of 0.74, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since September 21, 2021.
- This ETF participated in 87.26% of S&P 500 Index downside but only 72.09% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.93%
- Beta
- 0.74
- R²
- 0.61
- Upside Capture
- 72.09%
- Downside Capture
- 87.26%
Expense Ratio
FEDM has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
FEDM ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEDM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.78 | -1.17 |
| Martin ratioReturn relative to average drawdown | 5.81 | 12.44 | -6.63 |
Dividends
Dividend History
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund provided a 2.98% dividend yield over the last twelve months, with an annual payout of $1.85 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.85 | $1.75 | $1.41 | $1.25 | $1.07 | $0.32 |
Dividend yield | 2.98% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.89 | $1.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.54 | $1.75 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.30 | $1.41 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $1.25 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.19 | $1.07 |
| 2021 | $0.32 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares ESG & Climate Developed Markets ex-US Core Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares ESG & Climate Developed Markets ex-US Core Index Fund was 29.37%, occurring on Sep 27, 2022. Recovery took 361 trading sessions.
The current FlexShares ESG & Climate Developed Markets ex-US Core Index Fund drawdown is 0.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -29.37%Sep 2022 | 10mo 22d | 1y 5mo | 2y 3moNov 2021 - Mar 2024 |
2025 selloff2025 | -14.24%Apr 2025 | 6mo 13d | 24d | 7mo 7dSep 2024 - May 2025 |
2026 correction2026 | -11.92%Mar 2026 | 22d | — | 3mo 27dFeb 2026 - now |
2024 pullback2024 | -7.09%Aug 2024 | 21d | 16d | 1mo 7dJul 2024 - Aug 2024 |
2025 pullback2025 | -4.97%Nov 2025 | 28d | 1mo 4d | 2mo 2dOct 2025 - Dec 2025 |
Drawdown Indicators
| FEDM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -56.78% | +27.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -9.10% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -18.90% | +4.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.80% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -10.71% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.03% | +1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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