- ISIN
- US33939L5710
- Issuer
- FlexShares
- Inception Date
- Sep 20, 2021
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $51M
Share Price Chart
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Performance
FEIG Performance Chart
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) is up 0.5% since the beginning of the year. FEIG is currently trading at $41 per share.
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Returns By Period
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) has returned 0.52% so far this year and 4.92% over the past 12 months.
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund
- 1D
- -0.26%
- 1M
- 0.57%
- YTD
- 0.52%
- 6M
- 0.74%
- 1Y
- 4.92%
- 3Y*
- 4.90%
- 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%
FEIG Monthly Returns History
Based on dividend-adjusted daily data since Sep 21, 2021, FEIG's average daily return is 0.00%, while the average monthly return is 0.00%.
Historically, 50% of months were positive and 50% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was Apr 2022 at -5.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FEIG closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.8%, while the worst single day was Jun 13, 2022 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 1.18% | -1.70% | 0.16% | 0.78% | -0.16% | 0.52% | ||||||
| 2025 | 0.43% | 1.95% | -0.27% | -0.01% | -0.04% | 1.96% | -0.09% | 1.03% | 1.51% | 0.26% | 0.79% | -0.39% | 7.31% |
| 2024 | -0.35% | -1.37% | 1.18% | -2.74% | 2.22% | 0.39% | 2.26% | 1.70% | 1.79% | -2.53% | 1.45% | -2.08% | 1.75% |
| 2023 | 4.33% | -3.38% | 3.13% | 0.60% | -1.46% | 0.41% | 0.23% | -0.92% | -2.80% | -1.83% | 6.26% | 4.20% | 8.57% |
| 2022 | -3.25% | -1.86% | -2.56% | -5.73% | 1.53% | -3.00% | 3.74% | -3.83% | -5.22% | -0.89% | 5.49% | -0.96% | -15.91% |
| 2021 | -1.69% | 0.41% | -0.20% | -0.05% | -1.54% |
Benchmark Metrics
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund has an annualized alpha of -1.96%, beta of 0.15, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since September 21, 2021.
- This ETF participated in 55.74% of S&P 500 Index downside but only 24.89% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.15 may look defensive, but with R2 of 0.13 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.96%
- Beta
- 0.15
- R²
- 0.13
- Upside Capture
- 24.89%
- Downside Capture
- 55.74%
Expense Ratio
FEIG has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
FEIG ranks 33 for risk / return — below 33% 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 Investment Grade Corporate Core Index Fund (FEIG) 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.
| FEIG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.78 | -1.03 |
| Martin ratioReturn relative to average drawdown | 5.23 | 12.44 | -7.21 |
Dividends
Dividend History
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund provided a 4.75% dividend yield over the last twelve months, with an annual payout of $1.94 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.94 | $2.00 | $1.88 | $1.75 | $1.20 | $0.27 |
Dividend yield | 4.75% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares ESG & Climate Investment Grade Corporate 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 | $0.17 | $0.15 | $0.16 | $0.16 | $0.16 | $0.79 | ||||||
| 2025 | $0.00 | $0.17 | $0.17 | $0.17 | $0.16 | $0.18 | $0.16 | $0.17 | $0.17 | $0.16 | $0.17 | $0.32 | $2.00 |
| 2024 | $0.00 | $0.13 | $0.13 | $0.16 | $0.16 | $0.16 | $0.16 | $0.17 | $0.17 | $0.16 | $0.16 | $0.32 | $1.88 |
| 2023 | $0.00 | $0.14 | $0.12 | $0.13 | $0.13 | $0.14 | $0.14 | $0.15 | $0.15 | $0.21 | $0.14 | $0.30 | $1.75 |
| 2022 | $0.00 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.13 | $0.13 | $0.11 | $0.21 | $1.20 |
| 2021 | $0.11 | $0.16 | $0.27 |
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 Investment Grade Corporate 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 Investment Grade Corporate Core Index Fund was 22.26%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current FlexShares ESG & Climate Investment Grade Corporate Core Index Fund drawdown is 1.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.26%Oct 2022 | 1y 27d | — | 4y 9moSep 2021 - now |
2021 pullback2021 | -0.08%Sep 2021 | 0s | 1d | 1dSep 2021 - Sep 2021 |
Drawdown Indicators
| FEIG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -56.78% | +34.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -9.10% | +6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -18.90% | +12.23% |
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 | -1.52% | -1.80% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -10.71% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.03% | -1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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