FEUS vs. V3GP.L

Last updated Jun 14, 2026

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) 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 V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 3 years, FEUS returned 18.84%/yr vs 7.60%/yr for V3GP.L. At a 0.35 correlation, their price movements are largely independent. FEUS charges 0.09%/yr vs 0.15%/yr for V3GP.L.

Performance

FEUS vs. V3GP.L - 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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEUS is traded in USD, while V3GP.L is traded in GBP. To make them comparable, the V3GP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEUS achieves a 8.26% return, which is significantly higher than V3GP.L's 0.19% return.

FEUS

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

V3GP.L

• 1D: 0.07%
• 1M: 0.56%
• YTD: 0.19%
• 6M: 1.67%
• 1Y: 3.16%
• 3Y*: 7.60%
• 5Y*: -0.65%
• 10Y*: —

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

FEUS vs. V3GP.L - 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%
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing	0.19%	14.30%	1.77%	13.22%	-23.61%	-2.09%

Correlation

The correlation between FEUS and V3GP.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.35

Return for Risk

FEUS vs. V3GP.L — 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

V3GP.L

V3GP.L Risk / Return Rank: 36
V3GP.L Sharpe Ratio Rank: 35
V3GP.L Sortino Ratio Rank: 34
V3GP.L Omega Ratio Rank: 37
V3GP.L Calmar Ratio Rank: 36
V3GP.L Martin Ratio Rank: 38

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. V3GP.L - 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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L). 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	V3GP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.29	+1.52
Sortino ratio: Return per unit of downside risk	2.47	0.48	+1.99
Omega ratio: Gain probability vs. loss probability	1.32	1.05	+0.27
Calmar ratio: Return relative to maximum drawdown	2.36	0.40	+1.95
Martin ratio: Return relative to average drawdown	9.84	1.01	+8.83

FEUS vs. V3GP.L - Sharpe Ratio Comparison

The current FEUS Sharpe Ratio is 1.81, which is higher than the V3GP.L Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of FEUS and V3GP.L, 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. V3GP.L - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, smaller than the maximum V3GP.L drawdown of -37.55%. Use the drawdown chart below to compare losses from any high point for FEUS and V3GP.L.

Drawdown Indicators

	FEUS	V3GP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-37.55%	+12.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-6.21%	-3.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-11.40%	-8.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.45%	—
Current Drawdown Current decline from peak	-2.58%	-3.66%	+1.08%
Average Drawdown Average peak-to-trough decline	-6.33%	-14.41%	+8.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.49%	-0.20%

Volatility

FEUS vs. V3GP.L - Volatility Comparison

FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) has a higher volatility of 4.31% compared to Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) at 2.69%. This indicates that FEUS's price experiences larger fluctuations and is considered to be riskier than V3GP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUS	V3GP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	2.69%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	6.24%	+3.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	8.58%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	11.39%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	11.34%	+5.69%

FEUS vs. V3GP.L - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is lower than V3GP.L's 0.15% 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

FEUS vs. V3GP.L - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 1.00%, less than V3GP.L's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.00%	1.06%	1.15%	1.41%	1.48%	0.36%
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing	4.36%	4.43%	4.36%	4.10%	2.48%	0.71%

Frequently Asked Questions

Can I hold both FEUS and V3GP.L in my portfolio?

FEUS and V3GP.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEUS or V3GP.L?

On fees, FEUS is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUS or V3GP.L?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.15% for V3GP.L.

What is the main difference between FEUS and V3GP.L?

FEUS is categorized as Large Cap Blend Equities, while V3GP.L is Global Corporate Bonds. FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: FlexShares and Vanguard. Their fees differ too: 0.09% for FEUS and 0.15% for V3GP.L.