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TIERvsFEDMETF Comparison

ETF 1

TIER

T. Rowe Price International Equity Research ETF

This fund is part of

Global Blended Cap

+2.59%

Full TIER fund page

VS

ETF 2

FEDM

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

This fund is part of

DM Large & Mid Cap

+1.79%

Full FEDM fund page

T. Rowe Price International Equity Research ETF (TIER) belongs to the Global Blended Cap segment. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is part of the DM Large & Mid Cap segment. TIER's top 3 sector exposures are Financials, Industrials and Information Technology. In contrast, FEDM's top sector exposures are Financials, Industrials and Health Care. TIER is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.14% for FEDM. TIER is up 9.26% year-to-date (YTD) with +$4M in YTD flows. FEDM performs worse with 4.26% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of TIER and FEDM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TIER vs FEDM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TIER FEDM	-2.55%-0.84%	+4.98%+3.67%	+9.26%+4.26%	n/a+14.02%	n/a+46.91%	n/an/a
Flows	TIER FEDM	+$2M-	+$3M-$3M	+$4M-$2M	-+$11M	-+$19M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TIER FEDM	+22.32%+16.88%	n/a+13.16%	n/a+13.56%	n/an/a
Max drawdown	TIER FEDM	-6.41%-4.52%	n/a-10.69%	n/a-14.86%	n/an/a
Max drawdown duration	TIER FEDM	28d27d	n/a102d	n/a214d	n/an/a

Trading data

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	TIER	FEDM
Last sale 6/12/2026 at 1:30 PM	$32.15	$62.97
Previous close 06/11/2026	$31.99	$62.89
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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TIER

is actively managed and doesn’t replicate an index

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	TIER	FEDM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	TIER	FEDM
Last price	$32.15	$62.97
1D performance	+0.48%	+0.13%
AuM	$29.24 M	$75.68 M
E/R	0.38%	0.14%

Characteristics

	TIER	FEDM
Management strategy	Active	Passive
Provider	T. Rowe Price	FlexShares
Benchmark	-	Northern Trust ESG & Climate Developed Markets ex-US Core Index
N° of holdings	259	207
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 25, 2025	September 21, 2021
ESG	No	Yes

More TIER data on Trackinsight

More FEDM data on Trackinsight

Exposure

Countries

TIER

Japan

14.02%

United Kingdom

8.4%

Canada

8.28%

USA

7.38%

Other

61.92%

FEDM

Japan

18.71%

United Kingdom

13.51%

Canada

11.7%

France

8.67%

Germany

8.41%

Other

39.01%

Sectors

TIER

Financials

19.67%

Industrials

11.93%

Information Techn.

9.44%

Other

58.96%

FEDM

Financials

26.31%

Industrials

18.1%

Health Care

9.28%

Information Techn.

8.76%

Other

37.54%

Diversification

TIER

Total weight of top 15 holdings out of 15

18.43%

FEDM

Total weight of top 15 holdings out of 15

22.15%

Top 15 holdings

Data as of April 30, 2026

TIER

TWN SEMICONT MAN

3.56%

US8740391003

1.80%

USN070592100

1.54%

TENCENT HOLDINGS

1.32%

ROYAL BK CANADA

1.22%

ALIBABA GROUP HOLDING LTD

1.11%

BHP GROUP LTD

1.01%

ASTRAZENECA

0.95%

NESTLE SA

0.93%

HSBC HOLDINGS

0.91%

SIEMENS

0.90%

SHELL PLC

0.87%

MITSUBISHI UFJ FINANCIAL GROUP

0.84%

DELTA ELECTRONIC

0.74%

NOVARTIS

0.73%

FEDM

ASML HOLDING

2.48%

ROYAL BK CANADA

1.80%

COMMONWEALTH BANK OF AUSTRALIA

1.62%

SHELL PLC

1.60%

SIEMENS

1.54%

ASTRAZENECA

1.53%

SCHNEIDER ELECTRIC SE

1.49%

NOVARTIS

1.47%

CDN IMPERIAL BK

1.30%

SIEMENS ENERGY AG

1.29%

ENBRIDGE

1.27%

HITACHI

1.27%

SAP SE

1.17%

NESTLE SA

1.16%

ZURICH INSURANCE

1.16%

Frequently asked questions about TIER and FEDM

How have the TIER and FEDM ETFs performed in 2026?

As of June 10, 2026, TIER is up 9.26% year-to-date (YTD), while FEDM has returned 4.26%. That puts TIER better performer ahead so far this year.

Which ETF is attracting more investor money: TIER or FEDM?

Year-to-date, the TIER ETF saw +$4M in flows, compared to -$2M for FEDM.

Which ETF is bigger: TIER or FEDM?

As of June 10, 2026, TIER holds $29.24 M in assets under management (AUM), while FEDM manages $75.68 M.

What sectors do the TIER and FEDM ETFs invest in?

TIER leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, FEDM focuses on Financials, Industrials and Health Care.

What are the top holdings of the TIER ETF and FEDM ETF?

TIER top holdings include TWN SEMICONT MAN, US8740391003 and USN070592100. FEDM holds in its top three: ASML HOLDING, ROYAL BK CANADA and COMMONWEALTH BANK OF AUSTRALIA.

TIERvsFEDMETF Comparison

T. Rowe Price International Equity Research ETF

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

TIER vs FEDM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TIER and FEDM ETFs performed in 2026?

As of June 10, 2026, TIER is up 9.26% year-to-date (YTD), while FEDM has returned 4.26%. That puts TIER better performer ahead so far this year.

Which ETF is attracting more investor money: TIER or FEDM?

Year-to-date, the TIER ETF saw +$4M in flows, compared to -$2M for FEDM.

Which ETF is bigger: TIER or FEDM?

As of June 10, 2026, TIER holds $29.24 M in assets under management (AUM), while FEDM manages $75.68 M.

What sectors do the TIER and FEDM ETFs invest in?

TIER leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, FEDM focuses on Financials, Industrials and Health Care.

What are the top holdings of the TIER ETF and FEDM ETF?

TIER top holdings include TWN SEMICONT MAN, US8740391003 and USN070592100. FEDM holds in its top three: ASML HOLDING, ROYAL BK CANADA and COMMONWEALTH BANK OF AUSTRALIA.

Which ETF is more diversified: TIER or FEDM?

TIER holds 273 securities with 18.43% of its assets in the top 15. FEDM has 211 securities and a top 15 weight of 22.15%.

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