FEUS vs. NFRA

Last updated Jun 24, 2026

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) 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 NFRA is a Utilities Equities fund tracking the STOXX Global Broad Infrastructure Index. Both are passively managed. Over the past 3 years, FEUS returned 18.61%/yr vs 12.39%/yr for NFRA. A 0.66 correlation means they provide meaningful diversification when combined. FEUS charges 0.09%/yr vs 0.47%/yr for NFRA.

Performance

FEUS vs. NFRA - 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 FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FEUS having a 7.39% return and NFRA slightly higher at 7.66%.

FEUS

• 1D: -1.00%
• 1M: -1.59%
• YTD: 7.39%
• 6M: 6.58%
• 1Y: 22.36%
• 3Y*: 18.61%
• 5Y*: —
• 10Y*: —

NFRA

• 1D: 0.02%
• 1M: -2.01%
• YTD: 7.66%
• 6M: 7.77%
• 1Y: 12.35%
• 3Y*: 12.39%
• 5Y*: 5.69%
• 10Y*: 7.32%

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

FEUS vs. NFRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	7.39%	14.67%	23.10%	25.54%	-19.10%	9.37%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	7.66%	18.42%	4.76%	8.96%	-10.11%	2.32%

Correlation

The correlation between FEUS and NFRA is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.66

The correlation between FEUS and NFRA shifts across timeframes, from 0.50 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

FEUS vs. NFRA - Sectors Allocation Comparison

Sectors	FEUS	NFRA
Technology	39.0%	1.6%
Financial Services	11.2%	0.7%
Communication Services	10.4%	20.5%
Consumer Cyclical	10.4%	0.3%
Healthcare	8.2%	4.1%
Industrials	8.0%	26.8%
Consumer Defensive	4.2%	0.1%
Energy	3.4%	11.7%
Real Estate	2.0%	4.7%
Utilities	1.7%	24.7%
Basic Materials	1.5%	-

Return for Risk

FEUS vs. NFRA — Risk / Return Rank

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

FEUS

FEUS Risk / Return Rank: 56
FEUS Sharpe Ratio Rank: 58
FEUS Sortino Ratio Rank: 56
FEUS Omega Ratio Rank: 56
FEUS Calmar Ratio Rank: 52
FEUS Martin Ratio Rank: 59

NFRA

NFRA Risk / Return Rank: 35
NFRA Sharpe Ratio Rank: 35
NFRA Sortino Ratio Rank: 34
NFRA Omega Ratio Rank: 33
NFRA Calmar Ratio Rank: 35
NFRA Martin Ratio Rank: 36

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. NFRA - 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 FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA). 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	NFRA	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.19	+0.61
Sortino ratio: Return per unit of downside risk	2.46	1.71	+0.75
Omega ratio: Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio: Return relative to maximum drawdown	2.35	1.70	+0.65
Martin ratio: Return relative to average drawdown	9.70	5.27	+4.43

FEUS vs. NFRA - Sharpe Ratio Comparison

The current FEUS Sharpe Ratio is 1.79, which is higher than the NFRA Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FEUS and NFRA, 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. NFRA - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, smaller than the maximum NFRA drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for FEUS and NFRA.

Drawdown Indicators

	FEUS	NFRA	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-32.49%	+7.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-7.28%	-2.27%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-11.15%	-8.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.49%	—
Current Drawdown Current decline from peak	-3.37%	-3.28%	-0.09%
Average Drawdown Average peak-to-trough decline	-6.31%	-4.52%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.35%	-0.04%

Volatility

FEUS vs. NFRA - Volatility Comparison

FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) has a higher volatility of 4.55% compared to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) at 2.96%. This indicates that FEUS's price experiences larger fluctuations and is considered to be riskier than NFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUS	NFRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	2.96%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	8.46%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	10.49%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	12.97%	+4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	14.89%	+2.14%

FEUS vs. NFRA - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is lower than NFRA's 0.47% expense ratio.

Dividends

FEUS vs. NFRA - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 1.01%, less than NFRA's 5.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.01%	1.06%	1.15%	1.41%	1.48%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	5.75%	6.00%	3.33%	2.57%	2.28%	2.71%	2.22%	2.27%	3.06%	2.81%	2.98%	2.47%

Frequently Asked Questions

Can I hold both FEUS and NFRA in my portfolio?

FEUS and NFRA have a correlation of 0.50, 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 NFRA?

FEUS has higher volatility (4.55%) compared to NFRA (2.96%). In terms of maximum drawdown, FEUS dropped -25.31% vs NFRA's -32.49%.

Which ETF is better, FEUS or NFRA?

On 3-year performance, FEUS leads with 18.61% vs 12.39% for NFRA. On fees, FEUS is cheaper at 0.09% per year. On volatility, NFRA has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEUS or NFRA?

Over the 3-year period, FEUS has performed better with a 18.61% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEUS or NFRA?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.47% for NFRA.

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

NFRA has the higher dividend yield at 5.75%, compared with 1.01% for FEUS.

What is the main difference between FEUS and NFRA?

FEUS is categorized as Large Cap Blend Equities, while NFRA is Utilities Equities. FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while NFRA tracks STOXX Global Broad Infrastructure Index. Their fees differ too: 0.09% for FEUS and 0.47% for NFRA.

Which has better risk-adjusted returns?

FEUS currently has the higher Sharpe Ratio (1.79 vs 1.19), 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.