FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) belongs to the Foreign Large Cap Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FEDM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEDM
FEDM charges 0.12% annually. There are 13 ETFs in the Foreign Large Cap Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard FTSE Developed Markets ETF | 0.03% | 316.30B | Jul 2007 | FEDM vs VEA | |
| Vanguard FTSE All-World ex-US ETF | 0.04% | 94.90B | Mar 2007 | FEDM vs VEU | |
| SPDR Portfolio World ex-US ETF | 0.04% | 40.07B | Apr 2007 | FEDM vs SPDW | |
| BNY Mellon International Equity ETF | 0.04% | 1.31B | Apr 2020 | FEDM vs BKIE | |
| iShares Core MSCI International Developed Markets ... | 0.05% | 31.64B | Mar 2017 | FEDM vs IDEV |
Best Risk-Adjusted Alternatives to FEDM
FEDM has a PortfoliosLab risk / return rank of 56. There are 121 ETFs in the Foreign Large Cap Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GMO International Value ETF | 95 | 489.00M | Oct 2024 | FEDM vs GMOI | |
| Global X MSCI SuperDividend® EAFE ETF | 95 | 52.73M | Nov 2016 | FEDM vs EFAS | |
| VictoryShares International Free Cash Flow ETF | 93 | 196.67M | Jun 2025 | FEDM vs IFLO | |
| Fidelity International High Dividend ETF | 93 | 325.11M | Jan 2018 | FEDM vs FIDI | |
| ALPS International Sector Dividend Dogs ETF | 93 | 549.25M | Jun 2013 | FEDM vs IDOG |
Top Performing FEDM Alternatives (YTD)
FEDM is at 11.29% YTD. There are 121 ETFs in the Foreign Large Cap Equities category with higher YTD returns, going as high as 33.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Renaissance International IPO ETF | 33.98% | 11.77M | Oct 2014 | FEDM vs IPOS | |
| Pacer Nasdaq International Patent Leaders ETF | 28.74% | 190.45M | Sep 2024 | FEDM vs PATN | |
| Invesco S&P International Developed High Quality E... | 27.25% | 939.30M | Jun 2007 | FEDM vs IDHQ | |
| Harbor International Equity ETF | 23.91% | 7.71M | Jun 2025 | FEDM vs EPIN | |
| VictoryShares International Free Cash Flow ETF | 22.99% | 196.67M | Jun 2025 | FEDM vs IFLO |
Lowest Volatility Alternatives to FEDM
FEDM has 16.56% 1-year volatility. There are 114 ETFs in the Foreign Large Cap Equities category with lower 1-year volatility, going as low as 6.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares International Volatility Wtd ETF | 6.77% | 31.30M | Aug 2015 | FEDM vs CIL | |
| AB International Buffer ETF | 9.04% | 122.81M | Dec 2024 | FEDM vs BUFI | |
| First Trust S&P International Dividend Aristocrats... | 10.16% | 167.77M | Aug 2013 | FEDM vs FID | |
| Franklin Sustainable International Equity ETF | 10.29% | 2.98M | Nov 2015 | FEDM vs MCSE | |
| iShares MSCI EAFE Min Vol Factor ETF | 10.60% | 5.44B | Oct 2011 | FEDM vs EFAV |
Lowest Drawdown Alternatives to FEDM
FEDM has a 1-year max drawdown of -11.92%. There are 114 ETFs in the Foreign Large Cap Equities category with shallower 1-year drawdowns, going as shallow as -4.60%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares International Volatility Wtd ETF | -4.60% | 31.30M | Aug 2015 | FEDM vs CIL | |
| Global X MSCI SuperDividend® EAFE ETF | -5.30% | 52.73M | Nov 2016 | FEDM vs EFAS | |
| AB International Buffer ETF | -5.69% | 122.81M | Dec 2024 | FEDM vs BUFI | |
| VictoryShares International Free Cash Flow ETF | -6.44% | 196.67M | Jun 2025 | FEDM vs IFLO | |
| ALPS International Sector Dividend Dogs ETF | -6.47% | 549.25M | Jun 2013 | FEDM vs IDOG |
Other ETFs from FlexShares
The 7 most viewed FlexShares ETFs shown here include NFRA, QDEF, QDF and span 9 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FlexShares STOXX Global Broad Infrastructure Index... | Infrastructure Equities, Utilities Equities | 53 | 9.49% | 3.00B | Oct 2013 | FEDM vs NFRA | |
| FlexShares Quality Dividend Defensive Index Fund | Quality Factor, Large Cap Value Equities, Dividend | 86 | 10.91% | 545.84M | Dec 2012 | FEDM vs QDEF | |
| FlexShares Quality Dividend Index Fund | Quality Factor, Large Cap Value Equities, Dividend | 86 | 14.01% | 2.21B | Dec 2012 | FEDM vs QDF | |
| FlexShares Ultra-Short Income ETF | Ultrashort Bond | 99 | 2.10% | 1.49B | Oct 2012 | FEDM vs RAVI | |
| FlexShares Morningstar US Market Factor Tilt Index... | Large Cap Blend Equities | 84 | 13.40% | 2.18B | Sep 2011 | FEDM vs TILT | |
| FlexShares ESG & Climate US Large Cap Core Index F... | Large Cap Blend Equities | 70 | 11.49% | 111.98M | Sep 2021 | FEDM vs FEUS | |
| FlexShares ESG & Climate Investment Grade Corporat... | Corporate Bonds, Investment Grade Bonds | 18 | -0.75% | 47.97M | Sep 2021 | FEDM vs FEIG |
Often Compared With FEDM
Investors most often compare FEDM with DFSI, EASG, CVIE. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FEDM with Any Fund or Stock
Compare FEDM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEDM with funds that move differently
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEDM.
Explore FEDM Diversifiers