QDF vs. FEIG
QDF (FlexShares Quality Dividend Index Fund) and FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) are both exchange-traded funds - QDF is a Large Cap Value Equities fund tracking the Northern Trust Quality Dividend Index, while FEIG is a Corporate Bonds fund tracking the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. Both are passively managed. Over the past 3 years, QDF returned 19.21%/yr vs 4.94%/yr for FEIG. At a 0.33 correlation, their price movements are largely independent. QDF charges 0.37%/yr vs 0.12%/yr for FEIG.
Performance
QDF vs. FEIG - Performance Comparison
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Returns By Period
In the year-to-date period, QDF achieves a 10.70% return, which is significantly higher than FEIG's 0.48% return.
QDF
- 1D
- -0.56%
- 1M
- 4.60%
- YTD
- 10.70%
- 6M
- 10.82%
- 1Y
- 27.64%
- 3Y*
- 19.21%
- 5Y*
- 11.90%
- 10Y*
- 12.18%
FEIG
- 1D
- -0.22%
- 1M
- 0.74%
- YTD
- 0.48%
- 6M
- 0.30%
- 1Y
- 5.75%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
QDF vs. FEIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QDF FlexShares Quality Dividend Index Fund | 10.70% | 16.58% | 16.95% | 19.71% | -12.13% | 10.00% |
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.48% | 7.31% | 1.75% | 8.57% | -15.91% | -1.46% |
Correlation
The correlation between QDF and FEIG 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 | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.33 |
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Return for Risk
QDF vs. FEIG — Risk / Return Rank
QDF
FEIG
QDF vs. FEIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Index Fund (QDF) 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.
| QDF | FEIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.23 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.05 | +1.46 |
| Martin ratioReturn relative to average drawdown | 15.37 | 6.26 | +9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDF | FEIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.31 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | -0.04 | +0.82 |
Drawdowns
QDF vs. FEIG - Drawdown Comparison
The maximum QDF drawdown since its inception was -36.67%, which is greater than FEIG's maximum drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for QDF and FEIG.
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Drawdown Indicators
| QDF | FEIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.67% | -22.26% | -14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -2.81% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.01% | -6.67% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.67% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -1.56% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -9.52% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.92% | +0.88% |
Volatility
QDF vs. FEIG - Volatility Comparison
FlexShares Quality Dividend Index Fund (QDF) has a higher volatility of 2.95% compared to FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) at 1.48%. This indicates that QDF's price experiences larger fluctuations and is considered to be riskier than FEIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDF | FEIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 1.48% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 3.24% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 4.40% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 7.40% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 7.40% | +9.99% |
QDF vs. FEIG - Expense Ratio Comparison
QDF has a 0.37% expense ratio, which is higher than FEIG's 0.12% expense ratio.
Dividends
QDF vs. FEIG - Dividend Comparison
QDF's dividend yield for the trailing twelve months is around 1.50%, less than FEIG's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.75% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDF FlexShares Quality Dividend Index Fund | 1.50% | 1.65% | 1.93% | 2.19% | 2.45% | 1.90% | 2.38% | 3.05% | 4.29% | 2.70% | 3.07% | 3.04% |
Frequently Asked Questions
QDF and FEIG 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.
QDF has higher volatility (2.95%) compared to FEIG (1.48%). In terms of maximum drawdown, QDF dropped -36.67% vs FEIG's -22.26%.
On 3-year performance, QDF leads with 19.21% vs 4.94% for FEIG. On fees, FEIG is cheaper at 0.12% per year. On volatility, FEIG has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QDF has performed better with a 19.21% return vs 4.94%. 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 0.37% for QDF.
FEIG has the higher dividend yield at 4.75%, compared with 1.50% for QDF.
QDF is categorized as Large Cap Value Equities, while FEIG is Corporate Bonds. QDF tracks Northern Trust Quality Dividend Index, while FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. Their fees differ too: 0.37% for QDF and 0.12% for FEIG.
QDF currently has the higher Sharpe Ratio (2.40 vs 1.31), 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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