FEDM vs. FEIG
FEDM (FlexShares ESG & Climate Developed Markets ex-US Core Index Fund) and FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) are both exchange-traded funds - FEDM is a Foreign Large Cap Equities fund tracking the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net, while FEIG is a Corporate Bonds fund tracking the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. Both are passively managed. Over the past 3 years, FEDM returned 13.99%/yr vs 4.94%/yr for FEIG. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
FEDM vs. FEIG - Performance Comparison
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Returns By Period
In the year-to-date period, FEDM achieves a 6.03% return, which is significantly higher than FEIG's 0.48% return.
FEDM
- 1D
- -0.91%
- 1M
- 3.29%
- YTD
- 6.03%
- 6M
- 8.22%
- 1Y
- 16.39%
- 3Y*
- 13.99%
- 5Y*
- —
- 10Y*
- —
FEIG
- 1D
- -0.22%
- 1M
- 0.74%
- YTD
- 0.48%
- 6M
- 0.30%
- 1Y
- 5.75%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
FEDM vs. FEIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 6.03% | 26.85% | 2.85% | 17.39% | -15.25% | 1.87% |
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.48% | 7.31% | 1.75% | 8.57% | -15.91% | -1.46% |
Correlation
The correlation between FEDM and FEIG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.36 |
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Return for Risk
FEDM vs. FEIG — Risk / Return Rank
FEDM
FEIG
FEDM vs. FEIG - 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 FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG). 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 | FEIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.05 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.97 | 6.26 | -1.29 |
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 | FEIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.31 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.04 | +0.49 |
Drawdowns
FEDM vs. FEIG - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, which is greater than FEIG's maximum drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for FEDM and FEIG.
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Drawdown Indicators
| FEDM | FEIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -22.26% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -2.81% | -9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -6.67% | -7.57% |
Current DrawdownCurrent decline from peak | -2.01% | -1.56% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -9.52% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 0.92% | +2.38% |
Volatility
FEDM vs. FEIG - Volatility Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 4.78% compared to FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) at 1.48%. This indicates that FEDM's price experiences larger fluctuations and is considered to be riskier than FEIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDM | FEIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 1.48% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 3.24% | +9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 4.40% | +11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 7.40% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 7.40% | +9.06% |
FEDM vs. FEIG - Expense Ratio Comparison
Both FEDM and FEIG have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FEDM vs. FEIG - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.82%, less than FEIG's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.82% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% |
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.75% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% |
Frequently Asked Questions
FEDM and FEIG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEDM has higher volatility (4.78%) compared to FEIG (1.48%). In terms of maximum drawdown, FEDM dropped -29.37% vs FEIG's -22.26%.
On 3-year performance, FEDM leads with 13.99% vs 4.94% for FEIG. Both ETFs have the same 0.12% expense ratio. On volatility, FEIG has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FEDM has performed better with a 13.99% return vs 4.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEDM and FEIG have the same expense ratio: 0.12% per year.
FEIG has the higher dividend yield at 4.75%, compared with 2.82% for FEDM.
FEDM is categorized as Foreign Large Cap Equities, while FEIG is Corporate Bonds. FEDM tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net, while FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR.
FEIG currently has the higher Sharpe Ratio (1.31 vs 1.02), 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.
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