FEIG vs SPY
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. FEIG offers more diversification with 668 holdings.
Side-by-Side Comparison
| Metric | FEIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $48M | $789.1B | |
| Dividend Yield | 4.74% | 1.01% | |
| Holdings | 716 | 505 | |
| YTD Return | -1.09% | +13.75% | |
| 1Y Return | +1.22% | +22.91% | |
| 3Y Return (annualized) | +4.77% | +21.67% | |
| 5Y Return (annualized) | -0.61% | +13.32% | |
| Volatility (annualized) | 8.2% | 15.3% | |
| Max Drawdown | -22.3% | -56.5% | |
| Fund Family | Flexshares Trust | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 20, 2021 | Jan 22, 1993 |
FEIG vs SPY Performance
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) is a ETF from Flexshares Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FEIG returned +1.22% while SPY returned +22.91%. Year to date, FEIG is down 1.09% versus a gain of 13.75% for SPY.
Over three years, FEIG compounded at +4.77% per year against +21.67% for SPY; over five years the annualized figures are -0.61% and +13.32% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs -0.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEIG charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, FEIG currently yields 4.74% against 1.01% for SPY.
Holdings Overlap
FEIG and SPY share 1 holdings out of 1170 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FEIG | Weight in SPY | Difference |
|---|---|---|---|
| HUBB | 0.05% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, FEIG or SPY?
FEIG has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FEIG or SPY?
Over the past year FEIG returned +1.22% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), FEIG annualized -0.61% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FEIG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.2% for FEIG. Worst drawdown: FEIG -22.3% vs SPY -56.5%.
Should I hold both FEIG and SPY?
FEIG and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEIG and SPY?
FEIG and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1170 unique securities.
Which pays a higher dividend, FEIG or SPY?
FEIG yields 4.74% while SPY yields 1.01%, so FEIG currently pays the higher dividend yield.
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