TILT vs. FEIG
TILT (FlexShares Morningstar US Market Factor Tilt Index Fund) and FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) are both exchange-traded funds - TILT is a Large Cap Blend Equities fund tracking the Morningstar US Market Factor Tilt 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, TILT returned 20.80%/yr vs 4.94%/yr for FEIG. At a 0.32 correlation, their price movements are largely independent. TILT charges 0.25%/yr vs 0.12%/yr for FEIG.
Performance
TILT vs. FEIG - Performance Comparison
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Returns By Period
In the year-to-date period, TILT achieves a 10.68% return, which is significantly higher than FEIG's 0.48% return.
TILT
- 1D
- -0.67%
- 1M
- 4.39%
- YTD
- 10.68%
- 6M
- 10.81%
- 1Y
- 28.46%
- 3Y*
- 20.80%
- 5Y*
- 11.59%
- 10Y*
- 13.96%
FEIG
- 1D
- -0.22%
- 1M
- 0.74%
- YTD
- 0.48%
- 6M
- 0.30%
- 1Y
- 5.75%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
TILT vs. FEIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 10.68% | 16.59% | 19.88% | 24.70% | -17.25% | 8.39% |
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 TILT and FEIG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.32 |
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Return for Risk
TILT vs. FEIG — Risk / Return Rank
TILT
FEIG
TILT vs. FEIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) 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.
| TILT | FEIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.05 | +1.31 |
| Martin ratioReturn relative to average drawdown | 14.71 | 6.26 | +8.46 |
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
| TILT | FEIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.31 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | -0.04 | +0.87 |
Drawdowns
TILT vs. FEIG - Drawdown Comparison
The maximum TILT drawdown since its inception was -38.46%, which is greater than FEIG's maximum drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for TILT and FEIG.
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Drawdown Indicators
| TILT | FEIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -22.26% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -2.81% | -5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.85% | -6.67% | -13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.46% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -1.56% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -9.52% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 0.92% | +1.02% |
Volatility
TILT vs. FEIG - Volatility Comparison
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has a higher volatility of 3.04% compared to FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) at 1.48%. This indicates that TILT'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
| TILT | FEIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 1.48% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 3.24% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 4.40% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 7.40% | +9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.75% | 7.40% | +11.35% |
TILT vs. FEIG - Expense Ratio Comparison
TILT has a 0.25% expense ratio, which is higher than FEIG's 0.12% 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
TILT vs. FEIG - Dividend Comparison
TILT's dividend yield for the trailing twelve months is around 1.07%, 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% |
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 1.07% | 1.15% | 1.23% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% |
Frequently Asked Questions
TILT and FEIG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILT has higher volatility (3.04%) compared to FEIG (1.48%). In terms of maximum drawdown, TILT dropped -38.46% vs FEIG's -22.26%.
On 3-year performance, TILT leads with 20.80% 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, TILT has performed better with a 20.80% 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 0.25% for TILT.
FEIG has the higher dividend yield at 4.75%, compared with 1.07% for TILT.
TILT is categorized as Large Cap Blend Equities, while FEIG is Corporate Bonds. TILT tracks Morningstar US Market Factor Tilt Index, while FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. Their fees differ too: 0.25% for TILT and 0.12% for FEIG.
TILT currently has the higher Sharpe Ratio (2.33 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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