FEUS vs. BLDG

Last updated Jun 14, 2026

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and BLDG (Cambria Global Real Estate ETF) are both exchange-traded funds - FEUS is a Large Cap Blend Equities fund tracking the Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while BLDG is a REIT fund actively managed by Cambria. FEUS is passively managed, while BLDG is actively managed. Over the past 3 years, FEUS returned 18.84%/yr vs 10.36%/yr for BLDG. A 0.60 correlation means they provide meaningful diversification when combined. FEUS charges 0.09%/yr vs 0.59%/yr for BLDG.

Performance

FEUS vs. BLDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) and Cambria Global Real Estate ETF (BLDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEUS achieves a 8.26% return, which is significantly lower than BLDG's 11.81% return.

FEUS

• 1D: 0.44%
• 1M: -0.79%
• YTD: 8.26%
• 6M: 8.52%
• 1Y: 24.07%
• 3Y*: 18.84%
• 5Y*: —
• 10Y*: —

BLDG

• 1D: 0.58%
• 1M: 4.13%
• YTD: 11.81%
• 6M: 12.26%
• 1Y: 14.51%
• 3Y*: 10.36%
• 5Y*: 2.80%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUS vs. BLDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	8.26%	14.67%	23.10%	25.54%	-19.10%	9.37%
BLDG Cambria Global Real Estate ETF	11.81%	4.26%	8.18%	1.76%	-14.66%	7.80%

Correlation

The correlation between FEUS and BLDG is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.60

Over the past year, the correlation between FEUS and BLDG has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

Return for Risk

FEUS vs. BLDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEUS

FEUS Risk / Return Rank: 59
FEUS Sharpe Ratio Rank: 61
FEUS Sortino Ratio Rank: 59
FEUS Omega Ratio Rank: 60
FEUS Calmar Ratio Rank: 53
FEUS Martin Ratio Rank: 61

BLDG

BLDG Risk / Return Rank: 34
BLDG Sharpe Ratio Rank: 37
BLDG Sortino Ratio Rank: 36
BLDG Omega Ratio Rank: 33
BLDG Calmar Ratio Rank: 30
BLDG Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEUS vs. BLDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) and Cambria Global Real Estate ETF (BLDG). 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.

	FEUS	BLDG	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.17	+0.64
Sortino ratio: Return per unit of downside risk	2.47	1.68	+0.79
Omega ratio: Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio: Return relative to maximum drawdown	2.36	1.30	+1.06
Martin ratio: Return relative to average drawdown	9.84	4.59	+5.25

FEUS vs. BLDG - Sharpe Ratio Comparison

The current FEUS Sharpe Ratio is 1.81, which is higher than the BLDG Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FEUS and BLDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEUS vs. BLDG - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, smaller than the maximum BLDG drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for FEUS and BLDG.

Drawdown Indicators

	FEUS	BLDG	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-27.25%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-10.08%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-18.57%	-0.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.25%	—
Current Drawdown Current decline from peak	-2.58%	0.00%	-2.58%
Average Drawdown Average peak-to-trough decline	-6.33%	-9.18%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.86%	-0.57%

Volatility

FEUS vs. BLDG - Volatility Comparison

FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) has a higher volatility of 4.31% compared to Cambria Global Real Estate ETF (BLDG) at 3.71%. This indicates that FEUS's price experiences larger fluctuations and is considered to be riskier than BLDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUS	BLDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	3.71%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	8.38%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	11.20%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	15.27%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	15.52%	+1.51%

FEUS vs. BLDG - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is lower than BLDG's 0.59% expense ratio.

Dividends

FEUS vs. BLDG - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 1.00%, less than BLDG's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BLDG Cambria Global Real Estate ETF	5.42%	7.46%	7.97%	4.99%	3.99%	10.40%	0.59%
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.00%	1.06%	1.15%	1.41%	1.48%	0.36%	0.00%

Frequently Asked Questions

Can I hold both FEUS and BLDG in my portfolio?

FEUS and BLDG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEUS or BLDG?

FEUS has higher volatility (4.31%) compared to BLDG (3.71%). In terms of maximum drawdown, FEUS dropped -25.31% vs BLDG's -27.25%.

Which ETF is better, FEUS or BLDG?

On 3-year performance, FEUS leads with 18.84% vs 10.36% for BLDG. On fees, FEUS is cheaper at 0.09% per year. On volatility, BLDG has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEUS or BLDG?

Over the 3-year period, FEUS has performed better with a 18.84% return vs 10.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEUS or BLDG?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.59% for BLDG.

Which ETF pays a higher dividend yield, FEUS or BLDG?

BLDG has the higher dividend yield at 5.42%, compared with 1.00% for FEUS.

What is the main difference between FEUS and BLDG?

FEUS is categorized as Large Cap Blend Equities, while BLDG is REIT. They also come from different issuers: FlexShares and Cambria. Their fees differ too: 0.09% for FEUS and 0.59% for BLDG.

Which has better risk-adjusted returns?

FEUS currently has the higher Sharpe Ratio (1.81 vs 1.17), 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.