FlexShares ESG & Climate Developed Markets… (FEDM) Performance
FEDM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.7% since Dec 31, 2025
- 1 year
- +15.5% total return
- 5 years
- +7.5% a year
- Since first price
- +7.8% a year since 2021
FEDM trailing returns vs SPY, QQQ, AGG
| Period | FEDM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.8% | +4.9% | +7.8% | +8.4% | −1.5% |
| YTD | +10.7% | +8.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.5% | +12.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +66.5%+18.5%/yr | +52.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +43.5%+7.5%/yr | +24.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 21, 2021 | +46.5%+7.8%/yr | +27.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FEDM vs SPY
From Sep 21, 2021: FEDM grew to $14,650, SPY to $18,738.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FEDM returns by calendar year
3 of 4 full years positive. Best 2025 (+26.9%), worst 2022 (−15.2%). 2026 is year to date.
FEDM annual returns table
| Year | FEDM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.7% | −11.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.9% | −12.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.9% | −10.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.4% | −11.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.2% | −28.8% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FEDM largest drawdowns
Now 3.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −29.4% | Sep 27, 2022 | Mar 6, 2024 | 11 months | 2.3 years |
| Sep 26, 2024 | −14.2% | Apr 8, 2025 | May 2, 2025 | 6 months | 7 months |
| Feb 25, 2026 | −11.9% | Mar 20, 2026 | Jul 6, 2026 | 23 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FEDM risk statistics
| Statistic | 3 years | 5 years |
|---|---|---|
| Annualized return | +17.1% | +8.2% |
| Volatility (annualized) | 12.0% | 15.7% |
| Sharpe ratio | 1.02 | 0.35 |
| Sortino ratio | 1.63 | 0.52 |
| Best month | +9.0% | +12.7% |
| Worst month | −8.1% | −9.5% |
| Best 12 months | +29.4% | +29.4% |
| Worst 12 months | +2.9% | −25.0% |
| Positive months | 69% | 62% |
| Beta vs S&P 500 | 0.60 | 0.79 |
| Correlation with S&P 500 | 0.62 | 0.79 |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FEDM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 50 | −25.0% | +12.8% | +29.4% | 86% |
| 3-year (a year) | 26 | +0.8% | +13.6% | +19.9% | 100% |
| 5-year (a year) | 2 | +7.5% | +7.8% | +8.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FEDM performance overview
FlexShares ESG & Climate Developed Markets… (FEDM) returned +15.5% over the past year and +7.5% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +7.8% a year, turning $10,000 into about $14,650. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.4%, from Nov 8, 2021 to Sep 27, 2022, and it took 1.4 years to get back to the old high. FEDM finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+26.9%) and the worst 2022 (−15.2%). Volatility has been 15.7% a year.
Related: FEDM chart, FEDM holdings, FEDM dividends. See the FEDM overview for the latest quote and fund facts.
FEDM performance FAQ
What is the FEDM return over the past year?
FEDM returned +15.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.0%.
What is the average annual return of FEDM?
FEDM has returned +7.5% a year over 5 years, +7.8% a year since September 21, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FEDM be worth?
$10,000 invested in FEDM at its first recorded close on September 21, 2021 would be worth about $14,650 on October 23, 2026 with distributions reinvested.
What was the worst year for FEDM?
The worst calendar year was 2022, with a total return of −15.2%. The best was 2025 at +26.9%.
What is the biggest drawdown of FEDM?
The largest peak-to-trough decline was −29.4% between November 8, 2021 and September 27, 2022. It recovered to the old high on March 6, 2024, 1.4 years after the bottom.
How volatile is FEDM?
Over the past 3 years FEDM had an annualized volatility of 12.0% and a Sharpe ratio of 1.02 (excess return over 1–3 month T-bills per unit of risk).