Correlation
The correlation between CVIE and FEDM is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
CVIE vs. FEDM
Compare and contrast key facts about Calvert International Responsible Index ETF (CVIE) and FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM).
CVIE and FEDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVIE is a passively managed fund by Calvert that tracks the performance of the Calvert International Responsible Index. It was launched on Jan 30, 2023. FEDM is a passively managed fund by FlexShares that tracks the performance of the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net. It was launched on Sep 20, 2021. Both CVIE and FEDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVIE or FEDM.
Performance
CVIE vs. FEDM - Performance Comparison
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Key characteristics
CVIE:
0.84
FEDM:
0.74
CVIE:
1.20
FEDM:
1.08
CVIE:
1.16
FEDM:
1.14
CVIE:
1.00
FEDM:
0.80
CVIE:
3.18
FEDM:
2.26
CVIE:
4.26%
FEDM:
5.07%
CVIE:
17.45%
FEDM:
16.85%
CVIE:
-13.52%
FEDM:
-29.37%
CVIE:
-0.50%
FEDM:
-0.34%
Returns By Period
The year-to-date returns for both stocks are quite close, with CVIE having a 15.55% return and FEDM slightly lower at 15.28%.
CVIE
15.55%
5.16%
12.24%
14.60%
N/A
N/A
N/A
FEDM
15.28%
4.66%
11.45%
12.32%
9.74%
N/A
N/A
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CVIE vs. FEDM - Expense Ratio Comparison
CVIE has a 0.18% expense ratio, which is higher than FEDM's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CVIE vs. FEDM — Risk-Adjusted Performance Rank
CVIE
FEDM
CVIE vs. FEDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert International Responsible Index ETF (CVIE) and FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
CVIE vs. FEDM - Dividend Comparison
CVIE's dividend yield for the trailing twelve months is around 2.52%, less than FEDM's 2.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
CVIE Calvert International Responsible Index ETF | 2.52% | 2.78% | 1.96% | 0.00% | 0.00% |
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.61% | 2.94% | 2.61% | 2.53% | 0.62% |
Drawdowns
CVIE vs. FEDM - Drawdown Comparison
The maximum CVIE drawdown since its inception was -13.52%, smaller than the maximum FEDM drawdown of -29.37%. Use the drawdown chart below to compare losses from any high point for CVIE and FEDM.
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Volatility
CVIE vs. FEDM - Volatility Comparison
The current volatility for Calvert International Responsible Index ETF (CVIE) is 3.04%, while FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a volatility of 3.25%. This indicates that CVIE experiences smaller price fluctuations and is considered to be less risky than FEDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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