EFFI vs FEDM: Grades, Fees and Holdings Compared

Harbor Osmosis International Resource Efficient ETF

EFFIDNYSE Arca

Northern Trust ESG & Climate Developed Markets ex-US Core ETF

FEDMANYSE Arca

Overlap

14.4%by weight

Expense ratio

FEDM −0.43pt a year

EFFI0.55%FEDM0.12%

Avg volume · 30D

FEDM 2.1×the volume

EFFI971FEDM2.03K

EFFI vs FEDM Performance

Oct 31, 2025 – Oct 30, 2026

+15.2%EFFI+15.7%FEDM

Expense ratio: EFFI 0.55%; FEDM 0.12%, better
Fund size: EFFI $151M; FEDM $86M
1Y total return: EFFI +15.2%; FEDM +15.7%, better
Yield (12M): EFFI No data; FEDM 2.88%
Holdings: EFFI 82; FEDM 231
Avg volume (30D): EFFI 971 sh; FEDM 2.03K sh, better
NAV per share: EFFI $26.87; FEDM $64.72
52W range

ETF.net Grade

Pillar letters and Scores for EFFI, FEDM, with each pillar’s weight
Pillar	EFFI	FEDM
Cost30% weight	F24	A88Higher
Mission25% weight	Not scored	A100
Risk15% weight	A72Higher	C53
Tradability15% weight	D26	D35Higher
Holdings10% weight	D26	B60Higher
Durability5% weight	F12	C40Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. EFFI and FEDM are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

FEDM ranks 4th and EFFI 16th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 72
Rank 5AEFAXState Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETFScore 71
Rank 15CWWJDInspire International ETFScore 48
Rank 16DEFFIHarbor Osmosis International Resource Efficient ETFScore 33
Rank 17DOAIMOneAscent International Equity ETFScore 29

Our read on each fund

ETF.net Research

EFFIDHarbor Osmosis International Resource Efficient ETF

FEDMANorthern Trust ESG & Climate Developed Markets ex-US Core ETF

In short

EFFI No data

FEDM Northern Trust writes the index and runs the fund: a developed-ex-US core holding screened on its own ESG and climate scoring, at 0.12% net of a waiver through March 1, 2027.

Stated mandate

EFFI No data

FEDM The Fund seeks to track, before fees and expenses, the performance of the Northern Trust ESG & Climate Developed Markets ex-US Core Index.

Why people hold it

EFFI No data

FEDM At 0.12% net of a waiver through March 1, 2027, it sits at the low end of its peer group, matching DMXF (0.12%) and undercutting ESGD (0.20%).
Optimized, not just screened: the index limits how far any stock, sector or region can drift from its developed-ex-US parent, so it still behaves like core foreign equity.flexshares.com
Northern Trust scores companies on its own ESG Vector Score instead of licensing a third party ratings index, and manages the fund in-house.flexshares.com
Roughly 300 large and mid-cap names across developed markets outside the US, paid out quarterly.flexshares.com

Worth knowing

EFFI No data

FEDM Thinly traded next to the category giants, so spreads can widen. Limit orders matter more here than with the household-name alternatives.
The 0.12% is net of a waiver through March 1, 2027; the gross fee is 0.16%, so the discount depends on that waiver being extended.
ESG and climate screens change what it owns versus a plain developed-ex-US index, so results can drift from the broad market in either direction.sec.gov

Full EFFI profile⁠

Full FEDM profile⁠

EFFI vs FEDM Holdings

How EFFI and FEDM differ

Overlap by weight

14.4%

Shared holdings make up 43.6% of EFFI and 18.8% of FEDM.

Level by level

Holdings30 in both14.4%
Countryby domicile84.5%
Sector11 Sectors92.8%
Asset classEquity100%

Sector

Sector weights in EFFI and FEDM, widest gap first
Sector	More in EFFIMore in FEDM	EFFI	FEDM
Consumer Discretionary	EFFI +3.5 points	8.7%	5.2%
Industrials	FEDM +2.6 points	13.9%	16.5%
Technology	FEDM +2.1 points	10.7%	12.8%
Materials	EFFI +1.9 points	8.1%	6.2%
Communication	EFFI +1.6 points	6.3%	4.7%
Financials	FEDM +1.1 points	27.1%	28.3%
Utilities	FEDM +0.3 points	2.7%	3.0%
Health Care	FEDM +0.4 points	9.2%	9.6%
Consumer Staples	FEDM +0.3 points	6.2%	6.5%
Energy	FEDM +0.3 points	5.4%	5.7%
Real Estate	EFFI +0.2 points	1.7%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in EFFI and FEDM, widest gap first
Country	More in EFFIMore in FEDM	EFFI	FEDM
United Kingdom	FEDM +5.2 points	8.0%	13.2%
Switzerland	EFFI +3.8 points	11.1%	7.3%
Spain	FEDM +3.0 points	2.7%	5.7%
United States	EFFI +2.8 points	3.2%	0.4%
Sweden	EFFI +1.8 points	4.1%	2.3%
Singapore	EFFI +1.8 points	2.2%	0.4%
Norway	EFFI +1.7 points	1.7%	0.0%
Finland	EFFI +1.4 points	2.2%	0.8%
Other countries (15)	FEDM +5.1 points	64.9%	70.0%

Outside the US: EFFI 100% developed, 0% emerging. FEDM 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

EFFI35.1%
FEDM16.6%

Securities held

EFFI71
FEDM215

Asset class

EFFI: Equity
FEDM: Equity

Holdings

Only in EFFI41
In both30
Only in FEDM185

Only in EFFI

41 securities, 56.3% of EFFI by weight

Obic Co Ltd4.15%
Toyota Tsusho Corp3.36%
Glencore PLC3.32%
Swedish Orphan Biovitrum Ab3.25%
Keyence Corp3.20%
Aercap Holdings NV3.13%
Lundin Gold Inc3.03%
Medibank Private Ltd2.73%
Toronto-Dominion Bank2.57%
Manulife Financial Corp2.50%
Royal Bank of Canada2.19%
Singapore Exchange Ltd2.13%
Tokyo Gas Co Ltd1.77%
Equinor Asa1.71%
Gecina SA1.52%
Airbus SE1.48%
Belimo Holding Ag-Reg1.47%
E.on SE1.23%
Woodside Energy Group Ltd1.17%
Sampo Oyj-A Shs1.12%
Rexel SA1.08%
Galp Energia Sgps SA1.05%
Kesko Oyj-B Shs1.02%
Inpex Corp0.73%
Societe Generale SA0.66%
Hong Kong Exchanges & Clear0.56%
Celestica Inc0.51%
Nintendo Co Ltd0.46%
Industrivarden Ab-C Shs0.44%
Investor Ab-B Shs0.41%
Fairfax Financial Hldgs Ltd0.32%
Infineon Technologies AG0.30%
Kawasaki Kisen Kaisha Ltd0.26%
Check Point Software Tech0.25%
Sage Group Plc/The0.25%
Suncorp Group Ltd Common Stock0.24%
Kbc Group NV0.23%
Assa Abloy Ab-B0.22%
Abb Ltd-Reg0.20%
Banco Bpm Spa0.16%
Daito Trust Construct Co Ltd<0.01%

Only in FEDM

185 securities, 79.5% of FEDM by weight

Royal Bank of Canada Common Stock Cad 01.85%
Shell PLC1.79%
Novartis AG Common Stock Chf 0.491.65%
Sap SE Common Stock Eur 01.49%
Siemens AG Common Stock Eur 01.45%
Advantest Corp Common Stock Jpy1.37%
Commonwealth Bank of Australia Common Stock Aud 01.29%
Zurich Insurance Group AG Common Stock Chf 0.11.24%
Msci Eafe Equity Index 18/DEC/2026 MFSZ6 Index1.24%
Hitachi Ltd Common Stock Jpy1.23%
Itochu Corp Common Stock Jpy1.21%
Relx PLC Common Stock Gbp 0.1443971.18%
Enbridge Inc Common Stock Cad 01.17%
Sanofi SA Common Stock Eur 21.14%
Schneider Electric SE Common Stock Eur 41.14%
Canadian Imperial Bank of Commerce Common Stock1.14%
Nestle SA Common Stock Chf 0.11.10%
Manulife Financial Corp Common Stock Cad 01.06%
Allianz SE Common Stock Eur 01.02%
Canadian National Railway Co Common Stock Cad 00.99%
Tesco PLC Common Stock Gbp 6.33330.90%
Givaudan SA Common Stock Chf 100.88%
Softbank Corp Common Stock Jpy0.83%
Takeda Pharmaceutical Co Ltd Common Stock Jpy0.83%
Iberdrola SA Common Stock Eur 0.750.81%
Sony Group Corp Common Stock Jpy0.80%
Fujitsu Ltd Common Stock Jpy0.79%
Totalenergies SE Common Stock Eur 2.50.79%
Repsol SA Common Stock Eur 10.77%
Wheaton Precious Metals Corp0.77%
Industria De Diseno Textil SA Common Stock Eur0.76%
Legrand SA Common Stock Eur 40.76%
Hong Kong Exchanges & Clearing Ltd Common Stock0.74%
Ucb SA Common Stock Eur 00.74%
Siemens Energy AG Common Stock Eur0.73%
Westpac Banking Corp Common Stock Aud 00.70%
Sompo Holdings Inc Common Stock Jpy0.68%
Teva Pharmaceutical Industries Ltd Common Stock0.68%
Sika AG Common Stock Chf 0.010.65%
Cie De Saint-Gobain SA Common Stock Eur 40.64%
Tdk Corp Common Stock Jpy0.63%
Dhl AG Common Stock Eur 00.62%
Novo Nordisk A/S Common Stock Dkk 0.10.62%
Skandinaviska Enskilda Banken Ab Common Stock Sek0.62%
Pembina Pipeline Corp Common Stock Cad 00.61%
Celestica Inc Common Stock Cad 00.61%
Aviva PLC Common Stock Gbp 32.894740.60%
Kbc Group NV Common Stock Eur 00.59%
Woolworths Group Ltd Common Stock Aud 00.59%
Deutsche Telekom AG Common Stock Eur 00.58%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in EFFI and FEDM, widest gap first
Holding	More in EFFIMore in FEDM	EFFI	FEDM
Sonova Holding Ag-Reg	EFFI +3.32 points	3.68%	0.35%
Mercedes-Benz Group AG	EFFI +3.07 points	3.34%	0.27%
L'oreal	EFFI +2.75 points	3.74%	0.99%
Recruit Holdings Co Ltd	EFFI +2.61 points	3.95%	1.34%
Unicredit Spa	EFFI +2.08 points	2.15%	0.07%
Dr Ing Hc F Porsche AG	EFFI +2.00 points	2.06%	0.06%
Vestas Wind Systems A/S	EFFI +1.67 points	2.22%	0.55%
Sekisui House Ltd	EFFI +1.67 points	1.83%	0.17%
Barclays PLCBARC.L	EFFI +1.54 points	1.92%	0.38%
Asml Holding NV	FEDM +1.31 points	1.48%	2.79%
Banco Santander SA	EFFI +1.24 points	2.04%	0.80%
Akzo Nobel N.v.	EFFI +1.24 points	1.44%	0.20%
Diageo PLCDGE.L	EFFI +1.12 points	1.77%	0.65%
Mitsubishi Ufj Financial Gro	FEDM +1.07 points	0.18%	1.25%
Daifuku Co Ltd	EFFI +1.06 points	1.14%	0.08%
Roche Holding AG	EFFI +1.06 points	1.36%	0.30%
Astrazeneca PLCAZN.L	EFFI +0.84 points	2.27%	1.43%
Banco Bilbao Vizcaya Argenta	FEDM +0.55 points	0.60%	1.15%
Publicis Groupe	EFFI +0.55 points	0.93%	0.38%
Qbe Insurance Group Ltd	EFFI +0.52 points	1.08%	0.56%
Natwest Group PLCNWG.L	EFFI +0.38 points	0.86%	0.48%
3I Group PLCIII.L	FEDM +0.35 points	0.18%	0.53%
Hsbc Holdings PLCHSBA.L	FEDM +0.33 points	0.19%	0.52%
Swisscom Ag-Reg	EFFI +0.33 points	0.74%	0.41%
Koninklijke Philips NV	FEDM +0.13 points	0.30%	0.43%
Nitto Denko Corp	FEDM +0.10 points	0.19%	0.29%
Vodafone Group PLCVOD.L	FEDM +0.10 points	0.44%	0.54%
Lloyds Banking Group PLCLLOY.L	EFFI +0.09 points	0.20%	0.11%
Swiss Re AG	FEDM +0.04 points	0.25%	0.29%
Intesa Sanpaolo	EFFI +0.02 points	1.02%	1.00%

All 73 EFFI holdings⁠All 255 FEDM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFFI vs FEDM Cost

Overpaying EFFI vs FEDM

$8,384

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EFFI 0.55%
$10,904
FEDM 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

EFFI 0.55%
FEDM 0.12%
Overpaying

Year by year

Year	EFFI	FEDM	Overpaying
10	$988	$220	$768
20	$3,790	$859	$2,931
30	$10,904	$2,520	$8,384

Expense ratio

0.55%EFFI
0.12%FEDM, cheaper

FEDM0.12%EFFI0.55%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

FEDM 2nd cheapest of 18 funds

EFFI 14th cheapest of 18 funds

EFFI vs FEDM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFFI No data; FEDM 2.88%
Payout (12M): EFFI No data; FEDM $1.86
Last payment: EFFI $1.05; FEDM $0.26
Ex-dividend: EFFI Dec 19, 2025; FEDM Sep 18, 2026
Paid on: EFFI Dec 24, 2025; FEDM Sep 24, 2026
Frequency: EFFI Irregular; FEDM Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

EFFIIrregular · 1 paymentAll EFFI payments⁠

FEDMQuarterly · 20 paymentsAll FEDM payments⁠

EFFI vs FEDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EFFI 12.9%since Jan 2025FEDM 11.8%
Return per unit of riskSharpe ratio, 3 years: EFFI 1.43since Jan 2025FEDM 1.14
Worst fallMax drawdown, 5 years: EFFI −10.5%since Dec 2024FEDM −29.4%
Market sensitivityBeta, 5 years: EFFI 0.49FEDM 0.91; Market = 1

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