FEUS

Northern Trust ESG & Climate US Large Cap Core ETF

Northern Trust · $117.9m in assets, October 8, 2026

FEUS, the Northern Trust ESG & Climate US Large Cap Core ETF, is a $118 million ETF whose main story is the values trade. Over the past year it returned +15.9%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.

FEUS · the ETFFRI OCT 2Market price total return
+12.2% a yearTotal return since launch, September 2021
+15.9%Last 12 months
+13.1%Year to date
16.7%Volatility since launch

The narrative it carries

This is its only narrative.

The values trade →

ESG, climate and faith-based ETFs, and the anti-ESG ETFs built against them.

The values trade · the narrative this week
42.6WARM level, 17 of 22
last four weeks
127ETFs carry it
38.1%held by the top five
ESGUlargest holder, 13.2%
$142 bncapital, 7th of 22

The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.

Who owns the capital
ESGU 13.2%ESGV 9.7%ESGD 6.1%VSGX 5.1%DSI 4.0%122 other ETFs 61.9%38.1%top five
#ETFSHAREASSETS1 YEARCOST
1ESGU13.2%$17.90bn+16.2%0.15%
2ESGV9.7%$13.14bn+15.9%0.09%
3ESGD6.1%$11.87bn+13.7%0.20%
4VSGX5.1%$6.95bn+20.0%–
5DSI4.0%$5.47bn+18.0%0.25%
122 other ETFs61.9%
FEUS: 0.1%

Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 127 ETFs on the narrative page →

FRI OCT 2MARKET PRICE TOTAL RETURN

1M3MYTD1Y3Y*5Y*
FEUS−0.1%+3.9%+13.1%+15.9%+21.2%+12.3%
The values tradeits narrative−0.1%+2.1%+12.6%+14.9%+20.4%+10.4%
The marketbroad US ETFs+0.8%+2.6%+14.6%+16.8%+22.9%+12.9%

1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on September 21, 2021: +12.2% a year.

$10,000 invested September 30, 2021

FEUS $18,037The values trade $16,528The market $18,590
$0$10,000$20,000Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025$0$10,000$20,000Sep 2021Sep 2023Sep 2025

Year by year

FEUSThe values tradeThe market
-20%-10%0%10%20%30%FEUS 2022: -19.1%Narrative 2022: -19.2%The market 2022: -19.8%2022FEUS 2023: +25.5%Narrative 2023: +22.3%The market 2023: +27.9%2023FEUS 2024: +23.1%Narrative 2024: +16.7%The market 2024: +23.1%2024FEUS 2025: +14.7%Narrative 2025: +18.7%The market 2025: +16.8%2025FEUS YTD: +13.1%Narrative YTD: +12.6%The market YTD: +14.6%YTD-20%-10%0%10%20%30%FEUS 2022: -19.1%Narrative 2022: -19.2%The market 2022: -19.8%2022FEUS 2023: +25.5%Narrative 2023: +22.3%The market 2023: +27.9%2023FEUS 2024: +23.1%Narrative 2024: +16.7%The market 2024: +23.1%2024FEUS 2025: +14.7%Narrative 2025: +18.7%The market 2025: +16.8%2025FEUS YTD: +13.1%Narrative YTD: +12.6%The market YTD: +14.6%YTD

Total return in each calendar year; this year is year to date. A year appears only if FEUS traded for all of it.

Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.

Common questions

What story is FEUS selling?

FEUS’s main story is the values trade, which covers ESG, climate and faith-based ETFs, and the anti-ESG ETFs built against them.

Which ETFs compete with FEUS?

The ETFs whose weekly returns move most like FEUS’s over the past 3 years are ESGU (0.99), SPXE (0.99) and VOO (0.99).

How has FEUS performed against its story?

Over the past year FEUS returned +15.9%, the ETFs carrying the values trade +14.9% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.97 with the story. Past performance only.

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Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →