Correlation
The correlation between FEDM and CVIE 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.
FEDM vs. CVIE
Compare and contrast key facts about FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and Calvert International Responsible Index ETF (CVIE).
FEDM and CVIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both FEDM and CVIE 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: FEDM or CVIE.
Performance
FEDM vs. CVIE - Performance Comparison
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Key characteristics
FEDM:
0.74
CVIE:
0.84
FEDM:
1.08
CVIE:
1.20
FEDM:
1.14
CVIE:
1.16
FEDM:
0.80
CVIE:
1.00
FEDM:
2.26
CVIE:
3.18
FEDM:
5.07%
CVIE:
4.26%
FEDM:
16.85%
CVIE:
17.45%
FEDM:
-29.37%
CVIE:
-13.52%
FEDM:
-0.34%
CVIE:
-0.50%
Returns By Period
The year-to-date returns for both investments are quite close, with FEDM having a 15.28% return and CVIE slightly higher at 15.55%.
FEDM
15.28%
4.66%
11.45%
12.32%
9.74%
N/A
N/A
CVIE
15.55%
5.16%
12.24%
14.60%
N/A
N/A
N/A
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FEDM vs. CVIE - Expense Ratio Comparison
FEDM has a 0.12% expense ratio, which is lower than CVIE's 0.18% expense ratio. Despite the difference, 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
FEDM vs. CVIE — Risk-Adjusted Performance Rank
FEDM
CVIE
FEDM vs. CVIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and Calvert International Responsible Index ETF (CVIE). 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
FEDM vs. CVIE - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.61%, more than CVIE's 2.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.61% | 2.94% | 2.61% | 2.53% | 0.62% |
CVIE Calvert International Responsible Index ETF | 2.52% | 2.78% | 1.96% | 0.00% | 0.00% |
Drawdowns
FEDM vs. CVIE - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, which is greater than CVIE's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for FEDM and CVIE.
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Volatility
FEDM vs. CVIE - Volatility Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 3.25% compared to Calvert International Responsible Index ETF (CVIE) at 3.04%. This indicates that FEDM's price experiences larger fluctuations and is considered to be riskier than CVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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