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ETFs

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

FEDM
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 20, 2021
Expense Ratio
0.12%
Type
Global Equities
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$26,477
AUM
$39,744,000
Associated Index
Northern Trust ESG & Climate Developed Markets ex-US Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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7203
Toyota Motor Corporation
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TD
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1.38%
OR
L`Oreal
1.36%
RY
Royal Bank Of Canada
1.26%
Invest with FEDM
Trade FEDM Options

What is FEDM?

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index. The Northern Trust ESG & Climate Developed Markets ex-US Core Index is designed to construct a universe of large and mid-capitalization companies, from Developed Market countries (excluding the United States), that possess environmental, social, and governance (ESG) characteristics.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FEDM
Performance Measures**

for the time period Sep 21, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 3.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -29.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 16.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.47

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.22

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFEDM

ETFs correlated to FEDM include IDEV, EFA, SCHF

FEDM
FlexShares Trust - FlexShares ESG & Climate Developed Markets ex-US Core Index Fund
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FEDM is a Global Equities ETF. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index. The Northern Trust ESG & Climate Developed Markets ex-US Core Index is designed to construct a universe of large and mid-capitalization companies, from Developed Market countries (excluding the United States), that possess environmental, social, and governance (ESG) characteristics.

FEDM tracks the Northern Trust ESG & Climate Developed Markets ex-US Core Index.

No, FEDM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FEDM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FEDM is -0.0033%. This is the percent change in the value of FEDM over the most recent 1-month period. The 3-month return on FEDM is -0.0224%. This is the percent change in the value of FEDM over the most recent 3-month period.

The standard deviation of FEDM for the past year is 0.1725%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FEDM include PBW, IGF, and ARKK.

ETFs correlated to FEDM include IDEV, EFA, and SCHF.

ETFs that are inversely correlated to FEDM include EFZ, EPV, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.