FEUS vs. VOTE

Last updated Aug 2, 2026

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and VOTE (TCW Transform 500 ETF) are both Large Cap Blend Equities funds - FEUS tracks the Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross while VOTE tracks the Morningstar US Large Cap Index. Both are passively managed. Over the past 3 years, FEUS returned 17.60%/yr vs 19.65%/yr for VOTE. Their 0.98 correlation means they have historically moved very closely together. FEUS charges 0.09%/yr vs 0.05%/yr for VOTE.

Performance

FEUS vs. VOTE - 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 TCW Transform 500 ETF (VOTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FEUS having a 10.07% return and VOTE slightly lower at 10.03%.

FEUS

• 1D: 0.93%
• 1M: 1.15%
• 6M: 9.80%
• YTD: 10.07%
• 1Y: 21.48%
• 3Y*: 17.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.89%

VOTE

• 1D: 0.53%
• 1M: -0.05%
• 6M: 8.71%
• YTD: 10.03%
• 1Y: 21.16%
• 3Y*: 19.65%
• 5Y*: 12.43%
• 10Y*: —
• ALL TIME*: 12.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	$25.78K	$126.62K	$122.28K
VOTE TCW Transform 500 ETF	$1.77M	$1.64M	$2.40M

FEUS vs. VOTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	10.07%	14.67%	23.10%	25.54%	-19.10%	9.37%
VOTE TCW Transform 500 ETF	10.03%	17.95%	25.23%	27.60%	-19.74%	8.70%

Correlation

The correlation between FEUS and VOTE is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.98

The correlation between FEUS and VOTE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

FEUS vs. VOTE - Sectors Allocation Comparison

Sectors	FEUS	VOTE
Technology	37.8%	38.5%
Financial Services	11.6%	11.5%
Communication Services	10.1%	9.8%
Consumer Cyclical	9.7%	9.5%
Healthcare	9.0%	9.0%
Industrials	8.6%	8.8%
Consumer Defensive	4.3%	4.4%
Energy	3.2%	3.0%
Real Estate	2.0%	1.7%
Utilities	1.8%	2.1%
Basic Materials	1.8%	1.7%

Return for Risk

FEUS vs. VOTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEUS

FEUS Risk / Return Rank: 63
FEUS Sharpe Ratio Rank: 65
FEUS Sortino Ratio Rank: 62
FEUS Omega Ratio Rank: 63
FEUS Calmar Ratio Rank: 57
FEUS Martin Ratio Rank: 66

VOTE

VOTE Risk / Return Rank: 64
VOTE Sharpe Ratio Rank: 63
VOTE Sortino Ratio Rank: 61
VOTE Omega Ratio Rank: 60
VOTE Calmar Ratio Rank: 60
VOTE Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEUS vs. VOTE - 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 TCW Transform 500 ETF (VOTE). 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	VOTE	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.47	+0.05
Sortino ratio: Return per unit of downside risk	2.11	2.05	+0.06
Omega ratio: Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	2.04	2.12	-0.07
Martin ratio: Return relative to average drawdown	8.11	8.96	-0.85

FEUS vs. VOTE - Sharpe Ratio Comparison

The current FEUS Sharpe Ratio is 1.53, which is comparable to the VOTE Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FEUS and VOTE, 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. VOTE - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, roughly equal to the maximum VOTE drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for FEUS and VOTE.

Drawdown Indicators

	FEUS	VOTE	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-25.71%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-9.10%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-19.08%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.71%	—
Current Drawdown Current decline from peak	-0.95%	-1.59%	+0.64%
Average Drawdown Average peak-to-trough decline	-6.21%	-6.01%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.15%	+0.25%

Volatility

FEUS vs. VOTE - Volatility Comparison

The current volatility for FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) is 3.38%, while TCW Transform 500 ETF (VOTE) has a volatility of 3.59%. This indicates that FEUS experiences smaller price fluctuations and is considered to be less risky than VOTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUS	VOTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.59%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	10.29%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	13.11%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.20%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	17.08%	-0.17%

FEUS vs. VOTE - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is higher than VOTE's 0.05% 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%.

Dividends

FEUS vs. VOTE - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 0.99%, more than VOTE's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	0.99%	1.06%	1.15%	1.41%	1.48%	0.36%
VOTE TCW Transform 500 ETF	0.94%	1.03%	1.18%	1.33%	1.54%	0.54%

Frequently Asked Questions

Can I hold both FEUS and VOTE in my portfolio?

With a correlation of 0.97, FEUS and VOTE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEUS or VOTE?

VOTE has higher volatility (3.59%) compared to FEUS (3.38%). In terms of maximum drawdown, FEUS dropped -25.31% vs VOTE's -25.71%.

Which ETF is better, FEUS or VOTE?

On 3-year performance, VOTE leads with 19.65% vs 17.60% for FEUS. On fees, VOTE is cheaper at 0.05% per year. On volatility, FEUS has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEUS or VOTE?

Over the 3-year period, VOTE has performed better with a 19.65% return vs 17.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEUS or VOTE?

VOTE is cheaper with a 0.05% expense ratio, compared with 0.09% for FEUS.

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

FEUS has the higher dividend yield at 0.99%, compared with 0.94% for VOTE.

What is the main difference between FEUS and VOTE?

FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while VOTE tracks Morningstar US Large Cap Index. They also come from different issuers: FlexShares and TCW. Their fees differ too: 0.09% for FEUS and 0.05% for VOTE.

Which has better risk-adjusted returns?

FEUS currently has the higher Sharpe Ratio (1.52 vs 1.47), 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.