EASG vs. FEDM

Last updated Jun 24, 2026

EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) and FEDM (FlexShares ESG & Climate Developed Markets ex-US Core Index Fund) are both Foreign Large Cap Equities funds - EASG tracks the MSCI EAFE ESG Leaders Index while FEDM tracks the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, EASG returned 14.10%/yr vs 14.16%/yr for FEDM. Their correlation of 0.95 suggests significant overlap in exposure. EASG charges 0.14%/yr vs 0.12%/yr for FEDM.

Performance

EASG vs. FEDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) and FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EASG achieves a 8.27% return, which is significantly higher than FEDM's 5.75% return.

EASG

• 1D: -2.10%
• 1M: 0.54%
• YTD: 8.27%
• 6M: 8.01%
• 1Y: 19.79%
• 3Y*: 14.10%
• 5Y*: 7.00%
• 10Y*: —

FEDM

• 1D: -1.34%
• 1M: 0.07%
• YTD: 5.75%
• 6M: 5.44%
• 1Y: 17.29%
• 3Y*: 14.16%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EASG vs. FEDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	8.27%	25.19%	2.26%	18.80%	-16.94%	1.85%
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund	5.75%	26.85%	2.85%	17.39%	-15.25%	1.50%

Correlation

The correlation between EASG and FEDM is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.95

The correlation between EASG and FEDM has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

EASG vs. FEDM - Sectors Allocation Comparison

Sectors	EASG	FEDM
Financial Services	24.6%	27.0%
Industrials	18.1%	17.3%
Technology	13.2%	11.9%
Healthcare	10.9%	9.8%
Consumer Cyclical	6.8%	5.8%
Consumer Defensive	6.2%	6.9%
Basic Materials	6.1%	6.0%
Communication Services	5.7%	5.0%
Utilities	3.7%	3.3%
Energy	3.0%	5.4%
Real Estate	1.8%	1.7%

Return for Risk

EASG vs. FEDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EASG

EASG Risk / Return Rank: 37
EASG Sharpe Ratio Rank: 37
EASG Sortino Ratio Rank: 36
EASG Omega Ratio Rank: 35
EASG Calmar Ratio Rank: 36
EASG Martin Ratio Rank: 41

FEDM

FEDM Risk / Return Rank: 32
FEDM Sharpe Ratio Rank: 31
FEDM Sortino Ratio Rank: 31
FEDM Omega Ratio Rank: 30
FEDM Calmar Ratio Rank: 31
FEDM Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EASG vs. FEDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) 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.

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.

	EASG	FEDM	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.05	+0.18
Sortino ratio: Return per unit of downside risk	1.79	1.59	+0.20
Omega ratio: Gain probability vs. loss probability	1.22	1.20	+0.03
Calmar ratio: Return relative to maximum drawdown	1.69	1.46	+0.24
Martin ratio: Return relative to average drawdown	6.26	5.22	+1.04

EASG vs. FEDM - Sharpe Ratio Comparison

The current EASG Sharpe Ratio is 1.24, which is comparable to the FEDM Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of EASG and FEDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EASG vs. FEDM - Drawdown Comparison

The maximum EASG drawdown since its inception was -32.06%, which is greater than FEDM's maximum drawdown of -29.37%. Use the drawdown chart below to compare losses from any high point for EASG and FEDM.

Drawdown Indicators

	EASG	FEDM	Difference
Max Drawdown Largest peak-to-trough decline	-32.06%	-29.37%	-2.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-11.92%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-16.14%	-14.24%	-1.90%
Max Drawdown (5Y) Largest decline over 5 years	-31.42%	—	—
Current Drawdown Current decline from peak	-2.20%	-2.27%	+0.07%
Average Drawdown Average peak-to-trough decline	-6.15%	-6.93%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.32%	-0.15%

Volatility

EASG vs. FEDM - Volatility Comparison

Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) has a higher volatility of 5.32% compared to FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) at 4.60%. This indicates that EASG's price experiences larger fluctuations and is considered to be riskier than FEDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EASG	FEDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	4.60%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	12.99%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	16.49%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	16.48%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	16.48%	+1.89%

EASG vs. FEDM - Expense Ratio Comparison

EASG has a 0.14% 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%.

Dividends

EASG vs. FEDM - Dividend Comparison

EASG's dividend yield for the trailing twelve months is around 3.93%, more than FEDM's 3.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	3.93%	4.18%	2.93%	2.51%	2.47%	2.69%	1.70%	2.94%	0.85%
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund	3.02%	2.97%	2.94%	2.61%	2.53%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EASG and FEDM in my portfolio?

EASG and FEDM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EASG or FEDM?

EASG has higher volatility (5.32%) compared to FEDM (4.60%). In terms of maximum drawdown, EASG dropped -32.06% vs FEDM's -29.37%.

Which ETF is better, EASG or FEDM?

On 3-year performance, FEDM leads with 14.16% vs 14.10% for EASG. On fees, FEDM is cheaper at 0.12% per year. On volatility, FEDM has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EASG or FEDM?

Over the 3-year period, FEDM has performed better with a 14.16% return vs 14.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EASG or FEDM?

FEDM is cheaper with a 0.12% expense ratio, compared with 0.14% for EASG.

Which ETF pays a higher dividend yield, EASG or FEDM?

EASG has the higher dividend yield at 3.93%, compared with 3.02% for FEDM.

What is the main difference between EASG and FEDM?

EASG tracks MSCI EAFE ESG Leaders Index, while FEDM tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net. They also come from different issuers: Deutsche Bank and FlexShares. Their fees differ too: 0.14% for EASG and 0.12% for FEDM.

Which has better risk-adjusted returns?

EASG currently has the higher Sharpe Ratio (1.24 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.