FEDM vs. DAX
Compare and contrast key facts about FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and Global X DAX Germany ETF (DAX).
FEDM and DAX 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. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014. Both FEDM and DAX 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 DAX.
Correlation
The correlation between FEDM and DAX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FEDM vs. DAX - Performance Comparison
Key characteristics
FEDM:
0.54
DAX:
1.50
FEDM:
0.95
DAX:
2.31
FEDM:
1.13
DAX:
1.31
FEDM:
0.69
DAX:
2.04
FEDM:
1.94
DAX:
8.53
FEDM:
5.08%
DAX:
3.83%
FEDM:
16.83%
DAX:
20.58%
FEDM:
-29.37%
DAX:
-45.58%
FEDM:
-0.44%
DAX:
0.00%
Returns By Period
In the year-to-date period, FEDM achieves a 11.50% return, which is significantly lower than DAX's 28.53% return.
FEDM
11.50%
8.80%
7.23%
8.96%
N/A
N/A
DAX
28.53%
12.88%
28.08%
30.58%
16.66%
6.81%
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FEDM vs. DAX - Expense Ratio Comparison
FEDM has a 0.12% expense ratio, which is lower than DAX's 0.20% 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. DAX — Risk-Adjusted Performance Rank
FEDM
DAX
FEDM vs. DAX - 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 Global X DAX Germany ETF (DAX). 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.
Dividends
FEDM vs. DAX - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.70%, more than DAX's 1.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.70% | 2.94% | 2.61% | 2.53% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DAX Global X DAX Germany ETF | 1.75% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Drawdowns
FEDM vs. DAX - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for FEDM and DAX. For additional features, visit the drawdowns tool.
Volatility
FEDM vs. DAX - Volatility Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 4.77% compared to Global X DAX Germany ETF (DAX) at 4.26%. This indicates that FEDM's price experiences larger fluctuations and is considered to be riskier than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.