FEIG vs. TILT
FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) and TILT (FlexShares Morningstar US Market Factor Tilt Index Fund) are both exchange-traded funds - FEIG is a Corporate Bonds fund tracking the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR, while TILT is a Large Cap Blend Equities fund tracking the Morningstar US Market Factor Tilt Index. Both are passively managed. Over the past 3 years, FEIG returned 4.96%/yr vs 19.88%/yr for TILT. At a 0.32 correlation, their price movements are largely independent. FEIG charges 0.12%/yr vs 0.25%/yr for TILT.
Performance
FEIG vs. TILT - 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 TILT's 9.45% return.
FEIG
- 1D
- 0.16%
- 1M
- 0.73%
- YTD
- 0.68%
- 6M
- 0.82%
- 1Y
- 4.85%
- 3Y*
- 4.96%
- 5Y*
- —
- 10Y*
- —
TILT
- 1D
- -0.90%
- 1M
- 0.03%
- YTD
- 9.45%
- 6M
- 8.42%
- 1Y
- 25.74%
- 3Y*
- 19.88%
- 5Y*
- 11.30%
- 10Y*
- 14.16%
FEIG vs. TILT - 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% |
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 9.45% | 16.59% | 19.88% | 24.70% | -17.25% | 8.35% |
Correlation
The correlation between FEIG and TILT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.32 |
The correlation between FEIG and TILT shifts across timeframes, from 0.32 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEIG vs. TILT — Risk / Return Rank
FEIG
TILT
FEIG vs. TILT - 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 FlexShares Morningstar US Market Factor Tilt Index Fund (TILT). 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 | TILT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.04 | -1.30 |
| Martin ratioReturn relative to average drawdown | 5.15 | 13.10 | -7.94 |
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Drawdowns
FEIG vs. TILT - Drawdown Comparison
The maximum FEIG drawdown since its inception was -22.26%, smaller than the maximum TILT drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for FEIG and TILT.
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Drawdown Indicators
| FEIG | TILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -38.46% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -8.51% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -19.85% | +13.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.46% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.90% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -4.22% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.97% | -1.03% |
Volatility
FEIG vs. TILT - Volatility Comparison
The current volatility for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) is 1.20%, while FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has a volatility of 4.31%. This indicates that FEIG experiences smaller price fluctuations and is considered to be less risky than TILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEIG | TILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 4.31% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 9.58% | -6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 12.69% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 17.44% | -10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 18.75% | -11.38% |
FEIG vs. TILT - Expense Ratio Comparison
FEIG has a 0.12% expense ratio, which is lower than TILT's 0.25% 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%.
Dividends
FEIG vs. TILT - Dividend Comparison
FEIG's dividend yield for the trailing twelve months is around 4.74%, more than TILT's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 1.10% | 1.15% | 1.23% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% |
Frequently Asked Questions
FEIG and TILT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILT has higher volatility (4.31%) compared to FEIG (1.20%). In terms of maximum drawdown, FEIG dropped -22.26% vs TILT's -38.46%.
On 3-year performance, TILT leads with 19.88% vs 4.96% for FEIG. On fees, FEIG is cheaper at 0.12% per year. On volatility, FEIG has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TILT has performed better with a 19.88% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEIG is cheaper with a 0.12% expense ratio, compared with 0.25% for TILT.
FEIG has the higher dividend yield at 4.74%, compared with 1.10% for TILT.
FEIG is categorized as Corporate Bonds, while TILT is Large Cap Blend Equities. FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR, while TILT tracks Morningstar US Market Factor Tilt Index. Their fees differ too: 0.12% for FEIG and 0.25% for TILT.
TILT currently has the higher Sharpe Ratio (2.04 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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