FEIG vs. USIG
Compare and contrast key facts about FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
FEIG and USIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEIG is a passively managed fund by FlexShares that tracks the performance of the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. It was launched on Sep 20, 2021. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007. Both FEIG and USIG 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
FEIG vs. USIG - Performance Comparison
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FEIG vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | -0.26% | 7.31% | 1.75% | 8.57% | -15.91% | -1.46% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | -0.29% | 7.86% | 2.56% | 8.71% | -15.30% | -1.51% |
Returns By Period
In the year-to-date period, FEIG achieves a -0.26% return, which is significantly higher than USIG's -0.29% return.
FEIG
- 1D
- 0.63%
- 1M
- -1.70%
- YTD
- -0.26%
- 6M
- 0.40%
- 1Y
- 4.83%
- 3Y*
- 4.39%
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- 0.51%
- 1M
- -1.80%
- YTD
- -0.29%
- 6M
- 0.41%
- 1Y
- 5.06%
- 3Y*
- 4.93%
- 5Y*
- 0.82%
- 10Y*
- 2.72%
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FEIG vs. USIG - Expense Ratio Comparison
FEIG has a 0.12% expense ratio, which is higher than USIG's 0.04% 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%.
Return for Risk
FEIG vs. USIG — Risk / Return Rank
FEIG
USIG
FEIG vs. USIG - 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 Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| FEIG | USIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.01 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.38 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.88 | -0.14 |
Martin ratioReturn relative to average drawdown | 5.18 | 5.84 | -0.66 |
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
| FEIG | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.01 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.53 | -0.59 |
Correlation
The correlation between FEIG and USIG is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FEIG vs. USIG - Dividend Comparison
FEIG's dividend yield for the trailing twelve months is around 4.80%, more than USIG's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.80% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.68% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Drawdowns
FEIG vs. USIG - Drawdown Comparison
The maximum FEIG drawdown since its inception was -22.26%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for FEIG and USIG.
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Drawdown Indicators
| FEIG | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -22.21% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.79% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -2.28% | -1.80% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -3.44% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.90% | +0.07% |
Volatility
FEIG vs. USIG - Volatility Comparison
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) has a higher volatility of 2.22% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 2.10%. This indicates that FEIG's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEIG | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 2.10% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.89% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 5.05% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 6.83% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 6.82% | +0.67% |