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ETFs

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund

FEIG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2021
Expense Ratio
0.12%
Type
Global Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$237,263
AUM
$36,540,000
Associated Index
Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
4.19%
2KDB
Kinder Morgan 4.3 % Notes 2014-1.6.25 Gtd Sr
1.29%
IBM25D
International Business Machines Corp. - 4% NT REDEEM 27/07/2025 USD 100000
1.26%
AAPL5030515
APPLE INC CALLABLE NOTES FIXED 0.55 20/AUG/2025
1.06%
HES24
Hess Corporation - 3.50% NT REDEEM 15/07/2024 USD 2000
1.01%
CMCS5406980
COMCAST CORP CALLABLE NOTES FIXED 2.887
0.90%
n/a
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER
0.70%
JNJ37A
Johnson & Johnson - 3.625% NT REDEEM 03/03/2037 USD 2000
0.68%
n/a
CITIGROUP INC CALLABLE NOTES VARIABLE 24/APR/2025
0.67%
HSBC33A
HSBC Holdings plc - FXDFR NT REDEEM 11/08/2033 USD 200000
0.65%
Invest with FEIG

What is FEIG?

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index. The Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index is designed to measure the performance of a diversified universe of US-dollar denominated bonds of companies with investment grade credit quality, that also possess environmental, social, and governance (ESG) characteristics.

ETFs related toFEIG

ETFs correlated to FEIG include LQD, VCEB, IGEB

FEIG
FlexShares Trust - FlexShares ESG & Climate Investment Grade Corporate Core Index Fund
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
IGEB
BlackRock Institutional Trust Company N.A. - iShares Investment Grade Bond Factor ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
LQDB
iShares Trust - iShares BBB Rated Corporate Bond ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond 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.

Automated Strategies
Related toFEIG

#INC

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Category

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Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

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Risk Rating

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Create your own algorithmic trading strategy with FEIG using Composer

FAQ

FEIG is a Global Bonds ETF. FlexShares ESG & Climate Investment Grade Corporate Core Index Fund tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index. The Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index is designed to measure the performance of a diversified universe of US-dollar denominated bonds of companies with investment grade credit quality, that also possess environmental, social, and governance (ESG) characteristics.

FEIG tracks the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index.

No, FEIG 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, FEIG 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 FEIG is 0.0103%. This is the percent change in the value of FEIG over the most recent 1-month period. The 3-month return on FEIG is -0.0003%. This is the percent change in the value of FEIG over the most recent 3-month period.

The standard deviation of FEIG for the past year is 0.1025%. 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 FEIG include JNK, VCSH, and IGIB.

ETFs correlated to FEIG include LQD, VCEB, and IGEB.

ETFs that are inversely correlated to FEIG include TBX, PST, and TYO.

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.