FEDM vs WWJD: Grades, Fees and Holdings Compared

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

FEDMANYSE Arca

Inspire International ETF

WWJDCNYSE Arca

Overlap

12.9%by weight

Expense ratio

FEDM −0.49pt a year

FEDM0.12%WWJD0.61%

Avg volume · 30D

WWJD 27.7×the volume

FEDM2.03KWWJD56.4K

5Y return · a year

FEDM +0.1pt

FEDM+7.6%WWJD+7.5%

FEDM vs WWJD Performance

Oct 29, 2021 – Oct 30, 2026

+44.1%FEDM+43.7%WWJD

Expense ratio: FEDM 0.12%, better; WWJD 0.61%
Fund size: FEDM $86M; WWJD $571M
1Y total return: FEDM +15.7%, better; WWJD +13.2%
Yield (12M): FEDM 2.88%, better; WWJD 2.49%
Holdings: FEDM 231; WWJD 212
Avg volume (30D): FEDM 2.03K sh; WWJD 56.4K sh, better
NAV per share: FEDM $64.72; WWJD $39.52
52W range

ETF.net Grade

Pillar letters and Scores for FEDM, WWJD, with each pillar’s weight
Pillar	FEDM	WWJD
Cost30% weight	A88Higher	F15
Mission25% weight	A100Higher	B62
Risk15% weight	C53	B62Higher
Tradability15% weight	D35	C49Higher
Holdings10% weight	B60	A84Higher
Durability5% weight	C40	B65Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. FEDM and WWJD 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 WWJD 15th 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 14CCEFAGlobal X S&P Catholic Values Developed ex-U.S. ETFScore 51
Rank 15CWWJDInspire International ETFScore 48
Rank 16DEFFIHarbor Osmosis International Resource Efficient ETFScore 33

Our read on each fund

ETF.net Research

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

WWJDCInspire International ETF

In short

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.

WWJD The faith lane of international investing. Instead of ESG ratings, WWJD screens overseas large caps through Inspire's biblically responsible scorecard, then holds roughly 150 of them in equal slices, rebalanced quarterly.

Stated mandate

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

WWJD The Fund seeks to track the performance of the Inspire International Index before fees and expenses.

Why people hold it

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

WWJD The screen is the point: only companies with an Inspire Impact Score of zero or higher enter the index, a biblically responsible filter rather than a conventional ESG rating.usnews.com inspireetf.com
Equal weighting and quarterly rebalancing keep roughly 150 non-US large caps in similar-sized slices, so no single mega-cap runs the portfolio.inspireetf.com website-files.com
The mandate reaches emerging markets as well as developed ones, wider ground than the EAFE-only builds in the group (ESGD, DMXF).usnews.com
Rules first: holdings change when the index changes, not because the adviser soured on a stock's outlook. It has run on that same faith-screened index since launching in 2019.prnewswire.com

Worth knowing

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

WWJD At 0.61% a year it costs more than the group's typical fund (median 0.23%) and several times index rivals like VSGX at 0.10%.
A values screen narrows the opportunity set, so the portfolio can look and behave quite differently from a standard international index.website-files.com
Volume is moderate rather than heavy, so spreads can run wider than at the category's largest funds.

Full FEDM profile⁠

Full WWJD profile⁠

FEDM vs WWJD Holdings

How FEDM and WWJD differ

Overlap by weight

12.9%

Shared holdings make up 20.5% of WWJD and 18.7% of FEDM.

Level by level

Holdings41 in both12.9%
Countryby domicile63.5%
Sector11 Sectors75.8%
Asset classEquity100%

Sector

Sector weights in FEDM and WWJD, widest gap first
Sector	More in FEDMMore in WWJD	FEDM	WWJD
Financials	FEDM +10.5 points	28.3%	17.8%
Materials	WWJD +8.5 points	6.2%	14.7%
Utilities	WWJD +7.3 points	3.0%	10.3%
Technology	FEDM +6.4 points	12.8%	6.4%
Energy	WWJD +3.5 points	5.7%	9.2%
Health Care	FEDM +3.2 points	9.6%	6.4%
Communication	FEDM +2.8 points	4.7%	1.9%
Industrials	WWJD +2.4 points	16.5%	18.9%
Consumer Discretionary	WWJD +1.3 points	5.2%	6.5%
Consumer Staples	FEDM +1.2 points	6.5%	5.3%
Real Estate	WWJD +1.2 points	1.5%	2.7%

Country, concentration and asset class

Country by domicile

Country weights in FEDM and WWJD, widest gap first
Country	More in FEDMMore in WWJD	FEDM	WWJD
Japan	FEDM +13.4 points	21.3%	7.9%
United Kingdom	FEDM +8.1 points	13.2%	5.1%
France	FEDM +3.5 points	7.9%	4.4%
Canada	FEDM +3.4 points	11.8%	8.4%
South Africa	WWJD +3.3 points	0.0%	3.3%
Spain	FEDM +3.2 points	5.7%	2.5%
Norway	WWJD +2.6 points	0.0%	2.6%
Finland	WWJD +2.5 points	0.8%	3.3%
Other countries (25)	WWJD +23.0 points	39.4%	62.4%

Outside the US: FEDM 99% developed, 1% emerging. WWJD 79% developed, 21% emerging.

Concentration

Weight in the 10 largest Holdings

FEDM16.6%
WWJD6.2%

Securities held

FEDM215
WWJD202

Asset class

FEDM: Equity
WWJD: Equity

Holdings

Only in FEDM174
In both41
Only in WWJD161

Only in FEDM

174 securities, 79.5% of FEDM by weight

Asml Holding NV Common Stock Eur 0.092.79%
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%
Astrazeneca PLC Common Stock Gbp 0.251.43%
Recruit Holdings Co Ltd Common Stock Jpy1.34%
Mitsubishi Ufj Financial Group Inc Common Stock1.25%
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%
Banco Bilbao Vizcaya Argentaria SA Common Stock1.15%
Sanofi SA Common Stock Eur 21.14%
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%
L'oreal SA Common Stock Eur 0.20.99%
Tesco PLC Common Stock Gbp 6.33330.90%
Softbank Corp Common Stock Jpy0.83%
Takeda Pharmaceutical Co Ltd Common Stock Jpy0.83%
Sony Group Corp Common Stock Jpy0.80%
Banco Santander SA Common Stock Eur 0.50.80%
Fujitsu Ltd Common Stock Jpy0.79%
Repsol SA Common Stock Eur 10.77%
Industria De Diseno Textil SA Common Stock Eur0.76%
Legrand SA Common Stock Eur 40.76%
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%
Diageo PLC Common Stock Gbp 28.935180.65%
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%
Woolworths Group Ltd Common Stock Aud 00.59%
Deutsche Telekom AG Common Stock Eur 00.58%
Nomura Holdings Inc Common Stock Jpy0.58%
Reckitt Benckiser Group PLC Common Stock Gbp0.57%
Qbe Insurance Group Ltd Common Stock Aud 00.56%
Macquarie Group Ltd Common Stock Aud 00.56%

Only in WWJD

161 securities, 79.5% of WWJD by weight

Genmab A/S0.79%
Icon PLC0.62%
Wisetech Global0.61%
Essilorluxottica0.59%
Check Point Soft0.59%
Dassault Systeme0.59%
Constellation So0.58%
Can Natural Res0.57%
Aker Bp Asa0.57%
Tourmaline Oil C0.56%
Dsv A/S0.56%
Atco Ltd/Canada0.56%
H Lundbeck A/S-A0.56%
Fairfax Finl Hld0.56%
Equinor Asa0.55%
Nxp Semiconducto0.55%
Coloplast-B0.55%
First Financial0.55%
Croda Intl.0.55%
Tryg A/S0.54%
Sgs Sa-Reg0.54%
Grupo Bimbo-A0.54%
E.on SE0.54%
Inpex Corp0.54%
Sse PLC0.54%
Fortis Inc0.54%
Partners Group J0.54%
Novozymes-B Shs0.54%
Eni Spa0.53%
Chugai Pharma Co0.53%
Power Corp Cda0.53%
Santos Ltd0.53%
Suzano SA0.53%
Tomra Systems As0.53%
Intact Financial0.53%
Sm Prime Hldgs0.53%
Stantec Inc0.53%
Snam Spa0.53%
Sig Group AG0.52%
Sm Investments0.52%
Swiss Life H AG0.52%
Verbund AG0.52%
Celltrion Inc0.52%
Sampo Oyj-A Shs0.52%
Kuehne & Nagel-R0.52%
Bureau Veritas’s0.52%
Samsung Sdi Co0.52%
Straumann Hldg-R0.52%
Geberit Ag-Reg0.52%
Goodman Group0.51%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in FEDM and WWJD, widest gap first
Holding	More in FEDMMore in WWJD	FEDM	WWJD
Advantest Corp Common Stock Jpy	FEDM +0.84 points	1.37%	0.53%
Commonwealth Bank of Australia Common Stock Aud 0	FEDM +0.74 points	1.29%	0.55%
Schneider Electric SE Common Stock Eur 4	FEDM +0.74 points	1.14%	0.40%
Intesa Sanpaolo Spa Common Stock Eur 0	FEDM +0.57 points	1.00%	0.43%
London Stock Exchange Group PLC Common Stock GbpLSEG.L	WWJD +0.54 points	0.03%	0.57%
Canadian National Railway Co Common Stock Cad 0	FEDM +0.49 points	0.99%	0.50%
Hong Kong & China Gas Co Ltd Common Stock Hkd 0	WWJD +0.47 points	0.02%	0.49%
Fortescue Ltd Common Stock Aud 0	WWJD +0.42 points	0.02%	0.44%
National Australia Bank Ltd Common Stock Aud 0	WWJD +0.42 points	0.10%	0.52%
Wolters Kluwer NV Common Stock Eur 0.12	WWJD +0.42 points	0.18%	0.60%
Rio Tinto Ltd Common Stock Aud 0	WWJD +0.41 points	0.04%	0.45%
Antofagasta PLC Common Stock Gbp 5ANTO.L	WWJD +0.40 points	0.04%	0.44%
East Japan Railway Co Common Stock Jpy	WWJD +0.37 points	0.14%	0.51%
Kone Oyj Common Stock Eur 0	WWJD +0.37 points	0.13%	0.50%
Wsp Global Inc Common Stock Cad 0	WWJD +0.34 points	0.20%	0.54%
Hermes International Sca Common Stock Eur 0	WWJD +0.33 points	0.12%	0.45%
Mitsubishi Hc Capital Inc Common Stock Jpy	WWJD +0.33 points	0.15%	0.48%
Wheaton Precious Metals Corp	FEDM +0.32 points	0.77%	0.45%
Givaudan SA Common Stock Chf 10	FEDM +0.32 points	0.88%	0.56%
Akzo Nobel NV Common Stock Eur 0.5	WWJD +0.30 points	0.20%	0.50%
Bhp Group Ltd Common Stock Aud 0	WWJD +0.30 points	0.17%	0.47%
Iberdrola SA Common Stock Eur 0.75	FEDM +0.29 points	0.81%	0.52%
Hong Kong Exchanges & Clearing Ltd Common Stock	FEDM +0.28 points	0.74%	0.46%
Aena Sme SA Common Stock Eur 1	WWJD +0.26 points	0.25%	0.51%
Gea Group AG Common Stock Eur 0	WWJD +0.27 points	0.22%	0.49%
Symrise AG Common Stock Eur 0	WWJD +0.26 points	0.21%	0.47%
Totalenergies SE Common Stock Eur 2.5	FEDM +0.27 points	0.79%	0.52%
Csl Ltd Common Stock Aud 0	WWJD +0.24 points	0.29%	0.53%
Asr Nederland NV Common Stock Eur 0.16	WWJD +0.24 points	0.26%	0.50%
Sonova Holding AG Common Stock Chf 0.05	WWJD +0.19 points	0.35%	0.55%
Terna - Rete Elettrica Nazionale Common Stock Eur	WWJD +0.19 points	0.31%	0.50%
Sika AG Common Stock Chf 0.01	FEDM +0.17 points	0.65%	0.48%
Kbc Group NV Common Stock Eur 0	FEDM +0.16 points	0.59%	0.43%
Edp SA Common Stock Eur 1	WWJD +0.16 points	0.33%	0.49%
Deutsche Boerse AG Common Stock Eur 0	WWJD +0.12 points	0.41%	0.53%
Eneos Holdings Inc Common Stock Jpy	WWJD +0.11 points	0.40%	0.51%
Aia Group Ltd Common Stock Hkd 0	WWJD +0.09 points	0.38%	0.47%
Ucb SA Common Stock Eur 0	FEDM +0.09 points	0.74%	0.65%
Enel Spa Common Stock Eur 1	FEDM +0.07 points	0.58%	0.51%
Transurban Group Stapled Security Aud 0	FEDM +0.05 points	0.57%	0.52%
Danske Bank A/S Common Stock Dkk 10	FEDM +0.04 points	0.49%	0.45%

All 255 FEDM holdings⁠All WWJD 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.

FEDM vs WWJD Cost

Overpaying WWJD vs FEDM

$9,478

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

FEDM 0.12%
$2,520
WWJD 0.61%
$11,998

Amount$10,000

Years30 years

Cost over time

FEDM 0.12%
WWJD 0.61%
Overpaying

Year by year

Year	FEDM	WWJD	Overpaying
10	$220	$1,093	$873
20	$859	$4,181	$3,322
30	$2,520	$11,998	$9,478

Expense ratio

0.12%FEDM, cheaper
0.61%WWJD

FEDM0.12%WWJD0.61%

0.10%0.95%

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

FEDM 2nd cheapest of 18 funds

WWJD 15th cheapest of 18 funds

FEDM vs WWJD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FEDM 2.88%, better; WWJD 2.49%
Payout (12M): FEDM $1.86; WWJD $0.98
Last payment: FEDM $0.26; WWJD $0.16
Ex-dividend: FEDM Sep 18, 2026; WWJD Sep 25, 2026
Paid on: FEDM Sep 24, 2026; WWJD Oct 1, 2026
Frequency: FEDM Quarterly; WWJD Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

FEDMQuarterly · 20 paymentsAll FEDM payments⁠

WWJDQuarterly · 26 paymentsAll WWJD payments⁠

FEDM vs WWJD Risk

Fall from peak · 5 years

FEDM
WWJD

Risk facts

VolatilityStd dev, 3 years: FEDM 11.8%, betterWWJD 12.4%
Return per unit of riskSharpe ratio, 3 years: FEDM 1.14, betterWWJD 1.09
Worst fallMax drawdown, 5 years: FEDM −29.4%WWJD −29.1%, better
Market sensitivityBeta, 5 years: FEDM 0.91WWJD 0.90; Market = 1

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