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FEDMvsHEFAETF Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and iShares Currency Hedged MSCI EAFE ETF (HEFA) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Financials, Industrials and Health Care. FEDM is less expensive with a Total Expense Ratio (TER) of 0.14%, versus 0.7% for HEFA. FEDM is up 0.57% year-to-date (YTD) with +$2M in YTD flows. HEFA performs better with 2.84% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of FEDM and HEFA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FEDM vs HEFA performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEDM HEFA | -5.47%-3.57% | +1.62%+4.16% | +0.57%+2.84% | +20.73%+20.73% | +49.12%+65.66% | n/a+84.36% |
| Flows | FEDM HEFA | -+$40M | +$2M+$21M | +$2M-$8M | +$16M-$1.82B | +$25M+$1.69B | -+$2.70B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEDM HEFA | +13.59%+13.06% | +15.00%+16.44% | +13.17%+13.11% | n/a+13.58% |
| Max drawdown | FEDM HEFA | -7.61%-5.78% | -12.85%-14.30% | -14.86%-14.34% | n/a-14.65% |
| Max drawdown duration | FEDM HEFA | 10d15d | 38d51d | 214d65d | n/a381d |
FEDM | HEFA | |
Last sale 3/12/2026 at 1:30 PM | $58.74 | $42.33 |
| Previous close 03/12/2026 | $59.88 | $42.52 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
FEDM | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FEDM | HEFA | |
|---|---|---|
| Last price | $58.74 | $42.33 |
| 1D performance | -1.90% | -0.46% |
| AuM | $76.19 M | $6.87 B |
| E/R | 0.14% | 0.7% |
FEDM | HEFA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | FlexShares | iShares |
| Benchmark | Northern Trust ESG & Climate Developed Markets ex-US Core Index | MSCI EAFE Index |
| N° of holdings | 211 | 657 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 21, 2021 | January 31, 2014 |
| ESG | Yes | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FEDM and HEFA ETFs performed in 2026?
As of March 11, 2026, FEDM is up 0.57% year-to-date (YTD), while HEFA has returned 2.84%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: FEDM or HEFA?
Year-to-date, the FEDM ETF saw +$2M in flows, compared to -$8M for HEFA.
Which ETF is more volatile: FEDM or HEFA?
Over the past year, FEDM had a volatility of 15%, while HEFA experienced 16.44%.
Which ETF is bigger: FEDM or HEFA?
As of March 11, 2026, FEDM holds $76.19 M in assets under management (AUM), while HEFA manages $6.87 B.
What sectors do the FEDM and HEFA ETFs invest in?
FEDM leans toward sectors like Financials, Industrials and Health Care. Meanwhile, HEFA focuses on Financials, Industrials and Health Care.
What are the top holdings of the FEDM ETF and HEFA ETF?
FEDM top holdings include ASML HOLDING, ROYAL BK CANADA and SIEMENS. HEFA holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.
Which ETF is more diversified: FEDM or HEFA?
FEDM holds 220 securities with 21.78% of its assets in the top 15. HEFA has 695 securities and a top 15 weight of 18.01%.
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