MILK vs. FEIG
MILK (Pacer US Cash Cows Bond ETF) and FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) are both Corporate Bonds funds - MILK tracks the Solactive Pacer US Cash Cows Bond Index while FEIG tracks the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. Both are passively managed. Over the past year, MILK returned 4.12% vs 1.30% for FEIG. Their correlation of 0.93 means they have usually moved in the same direction. MILK charges 0.49%/yr vs 0.12%/yr for FEIG.
Performance
MILK vs. FEIG - Performance Comparison
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Returns By Period
In the year-to-date period, MILK achieves a 0.94% return, which is significantly higher than FEIG's -1.05% return.
MILK
- 1D
- -0.15%
- 1M
- -1.69%
- 6M
- 0.04%
- YTD
- 0.94%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.21%
FEIG
- 1D
- -0.19%
- 1M
- -1.90%
- 6M
- -1.33%
- YTD
- -1.05%
- 1Y
- 1.30%
- 3Y*
- 4.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.97K | $182.67K | $225.20K | |
| $195.76K | $144.48K | $113.75K |
MILK vs. FEIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MILK Pacer US Cash Cows Bond ETF | 0.94% | 7.49% | -1.49% |
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | -1.05% | 7.31% | -1.13% |
Correlation
The correlation between MILK and FEIG is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.93 |
The correlation between MILK and FEIG has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
MILK vs. FEIG — Risk / Return Rank
MILK
FEIG
MILK vs. FEIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows Bond ETF (MILK) and FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG). 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.
| MILK | FEIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.77 | +0.52 |
| Martin ratioReturn relative to average drawdown | 4.33 | 2.00 | +2.34 |
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Drawdowns
MILK vs. FEIG - Drawdown Comparison
The maximum MILK drawdown since its inception was -6.16%, smaller than the maximum FEIG drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for MILK and FEIG.
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Drawdown Indicators
| MILK | FEIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.16% | -22.26% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -2.81% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.35% | — |
Current DrawdownCurrent decline from peak | -2.13% | -3.06% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -9.26% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.07% | +0.04% |
Volatility
MILK vs. FEIG - Volatility Comparison
Pacer US Cash Cows Bond ETF (MILK) and FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) have volatilities of 1.15% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MILK | FEIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.21% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.48% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 4.39% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 7.31% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 7.31% | -0.76% |
MILK vs. FEIG - Expense Ratio Comparison
MILK has a 0.49% expense ratio, which is higher than FEIG's 0.12% expense ratio.
Dividends
MILK vs. FEIG - Dividend Comparison
MILK's dividend yield for the trailing twelve months is around 7.07%, more than FEIG's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.41% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% |
MILK Pacer US Cash Cows Bond ETF | 7.07% | 6.97% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, MILK and FEIG 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.
FEIG has higher volatility (1.21%) compared to MILK (1.15%). In terms of maximum drawdown, MILK dropped -6.16% vs FEIG's -22.26%.
On 1-year performance, MILK leads with 4.12% vs 1.30% for FEIG. On fees, FEIG is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MILK has performed better with a 4.12% return vs 1.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEIG is cheaper with a 0.12% expense ratio, compared with 0.49% for MILK.
MILK has the higher dividend yield at 7.07%, compared with 4.41% for FEIG.
MILK tracks Solactive Pacer US Cash Cows Bond Index, while FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. They also come from different issuers: Pacer and FlexShares. Their fees differ too: 0.49% for MILK and 0.12% for FEIG.
MILK currently has the higher Sharpe Ratio (0.96 vs 0.49), 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.
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