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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)
$112,174
AUM
$37,430,000
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

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Kinder Morgan 4.3 % Notes 2014-1.6.25 Gtd Sr
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COMCAST CORP CALLABLE NOTES FIXED 2.887
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TSMC Arizona Corp - 3.875% NT REDEEM 22/04/2027 USD 200000
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META PLATFORMS INC CALLABLE NOTES FIXED 4.6
0.72%
FIS25
Fidelity National Information Services, Inc. - 4.50% NT REDEEM 15/07/2025 USD 2000
0.66%
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, VTC

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
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade 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

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

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 -0.0118%. This is the percent change in the value of FEIG over the most recent 1-month period. The 3-month return on FEIG is -0.0271%. 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 0.09%. 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 IGSB, SPIB, and VCIT.

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

ETFs that are inversely correlated to FEIG include TTT, TBF, and TBT.

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.