FEDM vs. ESMV
Compare and contrast key facts about FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and iShares ESG MSCI USA Min Vol Factor ETF (ESMV).
FEDM and ESMV 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. ESMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross. It was launched on Nov 2, 2021. Both FEDM and ESMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FEDM vs. ESMV - Performance Comparison
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FEDM vs. ESMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 0.51% | 26.85% | 2.85% | 17.39% | -15.25% | -1.38% |
ESMV iShares ESG MSCI USA Min Vol Factor ETF | -1.54% | 5.34% | 13.06% | 12.20% | -11.08% | 3.20% |
Returns By Period
In the year-to-date period, FEDM achieves a 0.51% return, which is significantly higher than ESMV's -1.54% return.
FEDM
- 1D
- 1.27%
- 1M
- -5.09%
- YTD
- 0.51%
- 6M
- 3.68%
- 1Y
- 20.30%
- 3Y*
- 12.43%
- 5Y*
- —
- 10Y*
- —
ESMV
- 1D
- 0.30%
- 1M
- -4.99%
- YTD
- -1.54%
- 6M
- -2.08%
- 1Y
- 0.35%
- 3Y*
- 8.85%
- 5Y*
- —
- 10Y*
- —
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FEDM vs. ESMV - Expense Ratio Comparison
FEDM has a 0.12% expense ratio, which is lower than ESMV'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%.
Return for Risk
FEDM vs. ESMV — Risk / Return Rank
FEDM
ESMV
FEDM vs. ESMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and iShares ESG MSCI USA Min Vol Factor ETF (ESMV). 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.
| FEDM | ESMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.03 | +1.07 |
Sortino ratioReturn per unit of downside risk | 1.64 | 0.13 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.02 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.04 | +1.68 |
Martin ratioReturn relative to average drawdown | 6.47 | 0.15 | +6.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEDM | ESMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.03 | +1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.33 | +0.07 |
Correlation
The correlation between FEDM and ESMV is 0.64, 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.
Dividends
FEDM vs. ESMV - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.98%, more than ESMV's 1.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.98% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% |
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.69% | 1.56% | 1.71% | 1.75% | 1.66% | 0.24% |
Drawdowns
FEDM vs. ESMV - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, which is greater than ESMV's maximum drawdown of -19.77%. Use the drawdown chart below to compare losses from any high point for FEDM and ESMV.
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Drawdown Indicators
| FEDM | ESMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -19.77% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -9.46% | -2.46% |
Current DrawdownCurrent decline from peak | -7.11% | -5.02% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -5.46% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.56% | +0.61% |
Volatility
FEDM vs. ESMV - Volatility Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 7.48% compared to iShares ESG MSCI USA Min Vol Factor ETF (ESMV) at 3.38%. This indicates that FEDM's price experiences larger fluctuations and is considered to be riskier than ESMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDM | ESMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 3.38% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 8.12% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 13.74% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 13.39% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 13.39% | +3.01% |