FEIG vs. IBDR
FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds - FEIG tracks the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR while IBDR tracks the Barclays December 2026 Maturity Corporate Index. Both are passively managed. Over the past 3 years, FEIG returned 4.96%/yr vs 5.17%/yr for IBDR. A 0.70 correlation means they provide meaningful diversification when combined. FEIG charges 0.12%/yr vs 0.10%/yr for IBDR.
Performance
FEIG vs. IBDR - Performance Comparison
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Returns By Period
In the year-to-date period, FEIG achieves a 0.68% return, which is significantly lower than IBDR's 1.69% return.
FEIG
- 1D
- 0.16%
- 1M
- 0.73%
- YTD
- 0.68%
- 6M
- 0.82%
- 1Y
- 4.85%
- 3Y*
- 4.96%
- 5Y*
- —
- 10Y*
- —
IBDR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.81%
- 1Y
- 4.30%
- 3Y*
- 5.17%
- 5Y*
- 1.58%
- 10Y*
- —
FEIG vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.68% | 7.31% | 1.75% | 8.57% | -15.91% | -1.54% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.69% | 4.99% | 4.98% | 5.96% | -8.28% | -1.40% |
Correlation
The correlation between FEIG and IBDR is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.70 |
Over the past year, the correlation between FEIG and IBDR has dropped to 0.10 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
FEIG vs. IBDR — Risk / Return Rank
FEIG
IBDR
FEIG vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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.
| FEIG | IBDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.72 | ||
| Sortino ratioReturn per unit of downside risk | -12.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 3.36 | -2.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 52.23 | -50.49 |
| Martin ratioReturn relative to average drawdown | 5.15 | 181.59 | -176.43 |
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Drawdowns
FEIG vs. IBDR - Drawdown Comparison
The maximum FEIG drawdown since its inception was -22.26%, which is greater than IBDR's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for FEIG and IBDR.
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Drawdown Indicators
| FEIG | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -16.06% | -6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -0.08% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -1.08% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.13% | — |
Current DrawdownCurrent decline from peak | -1.36% | 0.00% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -2.82% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.02% | +0.92% |
Volatility
FEIG vs. IBDR - Volatility Comparison
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) has a higher volatility of 1.20% compared to iShares iBonds Dec 2026 Term Corporate ETF (IBDR) at 0.18%. This indicates that FEIG's price experiences larger fluctuations and is considered to be riskier than IBDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEIG | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.18% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 0.35% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 0.63% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 3.39% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 4.85% | +2.52% |
FEIG vs. IBDR - Expense Ratio Comparison
FEIG has a 0.12% expense ratio, which is higher than IBDR's 0.10% 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
FEIG vs. IBDR - Dividend Comparison
FEIG's dividend yield for the trailing twelve months is around 4.74%, more than IBDR's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.74% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.12% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
Frequently Asked Questions
FEIG and IBDR have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEIG has higher volatility (1.20%) compared to IBDR (0.18%). In terms of maximum drawdown, FEIG dropped -22.26% vs IBDR's -16.06%.
On 3-year performance, IBDR leads with 5.17% vs 4.96% for FEIG. On fees, IBDR is cheaper at 0.10% per year. On volatility, IBDR has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBDR has performed better with a 5.17% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.12% for FEIG.
FEIG has the higher dividend yield at 4.74%, compared with 4.12% for IBDR.
FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR, while IBDR tracks Barclays December 2026 Maturity Corporate Index. They also come from different issuers: FlexShares and iShares. Their fees differ too: 0.12% for FEIG and 0.10% for IBDR.
IBDR currently has the higher Sharpe Ratio (6.83 vs 1.11), 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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