FEIG vs QQQ
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
FEIG has a lower expense ratio. QQQ delivered stronger 1-year returns. FEIG offers more diversification with 668 holdings.
Side-by-Side Comparison
| Metric | FEIG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $48M | $455.8B | |
| Dividend Yield | 4.74% | 0.41% | |
| Holdings | 716 | 108 | |
| YTD Return | -0.86% | +18.31% | |
| 1Y Return | +1.41% | +25.37% | |
| 3Y Return (annualized) | +4.88% | +25.79% | |
| 5Y Return (annualized) | -0.56% | +15.20% | |
| Volatility (annualized) | 8.2% | 30.6% | |
| Max Drawdown | -22.3% | -83.0% | |
| Fund Family | Flexshares Trust | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 20, 2021 | Mar 10, 1999 |
FEIG vs QQQ Performance
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) is a ETF from Flexshares Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FEIG returned +1.41% while QQQ returned +25.37%. Year to date, FEIG is down 0.86% versus a gain of 18.31% for QQQ.
Over three years, FEIG compounded at +4.88% per year against +25.79% for QQQ; over five years the annualized figures are -0.56% and +15.20% respectively. Across the full 5-year window we track, QQQ has the edge at +13.10% annualized vs -0.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.2% for FEIG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.3% for FEIG and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FEIG charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, FEIG currently yields 4.74% against 0.41% for QQQ.
Holdings Overlap
FEIG and QQQ share 0 holdings out of 771 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FEIG or QQQ?
FEIG has an expense ratio of 0.12% while QQQ charges 0.18%. FEIG is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FEIG or QQQ?
Over the past year FEIG returned +1.41% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), FEIG annualized -0.56% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, FEIG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.2% for FEIG. Worst drawdown: FEIG -22.3% vs QQQ -83.0%.
Should I hold both FEIG and QQQ?
FEIG and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEIG and QQQ?
FEIG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 771 unique securities.
Which pays a higher dividend, FEIG or QQQ?
FEIG yields 4.74% while QQQ yields 0.41%, so FEIG currently pays the higher dividend yield.
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