VEGN vs. FEUS

Last updated Jun 14, 2026

VEGN (US Vegan Climate ETF) and FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) are both exchange-traded funds - VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index, while FEUS is a Large Cap Blend Equities fund tracking the Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, VEGN returned 27.86%/yr vs 18.84%/yr for FEUS. Their correlation of 0.94 suggests significant overlap in exposure. VEGN charges 0.60%/yr vs 0.09%/yr for FEUS.

Performance

VEGN vs. FEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Vegan Climate ETF (VEGN) and FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEGN achieves a 29.30% return, which is significantly higher than FEUS's 8.26% return.

VEGN

• 1D: 1.15%
• 1M: 6.90%
• YTD: 29.30%
• 6M: 29.81%
• 1Y: 47.39%
• 3Y*: 27.86%
• 5Y*: 16.04%
• 10Y*: —

FEUS

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

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

VEGN vs. FEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VEGN US Vegan Climate ETF	29.30%	13.71%	25.42%	38.10%	-26.87%	8.04%
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	8.26%	14.67%	23.10%	25.54%	-19.10%	9.37%

Correlation

The correlation between VEGN and FEUS is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.94

The correlation between VEGN and FEUS has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

VEGN vs. FEUS - Sectors Allocation Comparison

Sectors	VEGN	FEUS
Technology	63.0%	39.0%
Financial Services	13.3%	11.2%
Communication Services	9.1%	10.4%
Healthcare	4.8%	8.2%
Industrials	4.7%	8.0%
Real Estate	3.1%	2.0%
Consumer Cyclical	1.8%	10.4%
Basic Materials	0.1%	1.5%
Utilities	0.1%	1.7%
Consumer Defensive	0.0%	4.2%
Energy	-	3.4%

Return for Risk

VEGN vs. FEUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEGN

VEGN Risk / Return Rank: 85
VEGN Sharpe Ratio Rank: 89
VEGN Sortino Ratio Rank: 85
VEGN Omega Ratio Rank: 84
VEGN Calmar Ratio Rank: 82
VEGN Martin Ratio Rank: 84

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

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.

VEGN vs. FEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) and FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS). 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.

	VEGN	FEUS	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.81	+0.76
Sortino ratio: Return per unit of downside risk	3.32	2.47	+0.85
Omega ratio: Gain probability vs. loss probability	1.44	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	3.82	2.36	+1.46
Martin ratio: Return relative to average drawdown	14.98	9.84	+5.14

VEGN vs. FEUS - Sharpe Ratio Comparison

The current VEGN Sharpe Ratio is 2.57, which is higher than the FEUS Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of VEGN and FEUS, 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

VEGN vs. FEUS - Drawdown Comparison

The maximum VEGN drawdown since its inception was -34.14%, which is greater than FEUS's maximum drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for VEGN and FEUS.

Drawdown Indicators

	VEGN	FEUS	Difference
Max Drawdown Largest peak-to-trough decline	-34.14%	-25.31%	-8.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-9.55%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-19.47%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	—	—
Current Drawdown Current decline from peak	-2.71%	-2.58%	-0.13%
Average Drawdown Average peak-to-trough decline	-7.57%	-6.33%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.29%	+0.73%

Volatility

VEGN vs. FEUS - Volatility Comparison

US Vegan Climate ETF (VEGN) has a higher volatility of 8.77% compared to FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) at 4.31%. This indicates that VEGN's price experiences larger fluctuations and is considered to be riskier than FEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEGN	FEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	4.31%	+4.46%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	9.76%	+5.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	12.45%	+5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	17.03%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	17.03%	+5.84%

VEGN vs. FEUS - Expense Ratio Comparison

VEGN has a 0.60% expense ratio, which is higher than FEUS's 0.09% expense ratio.

Dividends

VEGN vs. FEUS - Dividend Comparison

VEGN's dividend yield for the trailing twelve months is around 0.50%, less than FEUS's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.00%	1.06%	1.15%	1.41%	1.48%	0.36%	0.00%	0.00%
VEGN US Vegan Climate ETF	0.50%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%

Frequently Asked Questions

Can I hold both VEGN and FEUS in my portfolio?

VEGN and FEUS have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEGN or FEUS?

VEGN has higher volatility (8.77%) compared to FEUS (4.31%). In terms of maximum drawdown, VEGN dropped -34.14% vs FEUS's -25.31%.

Which ETF is better, VEGN or FEUS?

On 3-year performance, VEGN leads with 27.86% vs 18.84% for FEUS. On fees, FEUS is cheaper at 0.09% per year. On volatility, FEUS has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VEGN or FEUS?

Over the 3-year period, VEGN has performed better with a 27.86% return vs 18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VEGN or FEUS?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.60% for VEGN.

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

FEUS has the higher dividend yield at 1.00%, compared with 0.50% for VEGN.

What is the main difference between VEGN and FEUS?

VEGN is categorized as Large Cap Growth Equities, while FEUS is Large Cap Blend Equities. VEGN tracks US Vegan Climate Index, while FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross. They also come from different issuers: Beyond Investing and FlexShares. Their fees differ too: 0.60% for VEGN and 0.09% for FEUS.

Which has better risk-adjusted returns?

VEGN currently has the higher Sharpe Ratio (2.57 vs 1.81), 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.