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TLTE vs. VTI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLTE vs. VTI

Last updated Jun 6, 2026

TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - TLTE is a Foreign Large Cap Equities fund tracking the Morningstar Emerging Markets Factor Tilt Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, TLTE returned 8.67%/yr vs 14.71%/yr for VTI. A 0.68 correlation means they provide meaningful diversification when combined. TLTE charges 0.59%/yr vs 0.03%/yr for VTI.

Performance

TLTE vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TLTE achieves a 15.94% return, which is significantly higher than VTI's 8.72% return. Over the past 10 years, TLTE has underperformed VTI with an annualized return of 8.67%, while VTI has yielded a comparatively higher 14.71% annualized return.

TLTE

1D
-6.15%
1M
-5.13%
YTD
15.94%
6M
17.54%
1Y
35.92%
3Y*
19.15%
5Y*
6.08%
10Y*
8.67%

VTI

1D
-2.68%
1M
0.42%
YTD
8.72%
6M
8.29%
1Y
26.04%
3Y*
21.08%
5Y*
12.19%
10Y*
14.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLTE vs. VTI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TLTE
FlexShares Morningstar Emerging Markets Factor Tilt Index		15.94%30.21%3.53%13.62%-17.31%4.79%12.10%14.51%-17.44%32.82%
VTI
Vanguard Total Stock Market ETF		8.72%17.10%23.81%26.05%-19.52%25.68%21.08%30.67%-5.23%21.21%

Correlation

The correlation between TLTE and VTI is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Oct 3, 2012

0.68

The correlation between TLTE and VTI has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

TLTE vs. VTI - Sectors Allocation Comparison

Sectors
TLTE
VTI

Technology

27.3%
33.5%

Financial Services

18.9%
12.0%

Industrials

11.7%
9.8%

Consumer Cyclical

10.5%
10.0%

Basic Materials

7.7%
2.0%

Communication Services

4.6%
10.3%

Energy

4.4%
3.7%

Real Estate

4.3%
2.4%

Consumer Defensive

4.2%
4.7%

Utilities

3.1%
2.3%

Healthcare

3.1%
9.2%

Technology

TLTE
27.3%
VTI
33.5%

Financial Services

TLTE
18.9%
VTI
12.0%

Industrials

TLTE
11.7%
VTI
9.8%

Consumer Cyclical

TLTE
10.5%
VTI
10.0%

Basic Materials

TLTE
7.7%
VTI
2.0%

Communication Services

TLTE
4.6%
VTI
10.3%

Energy

TLTE
4.4%
VTI
3.7%

Real Estate

TLTE
4.3%
VTI
2.4%

Consumer Defensive

TLTE
4.2%
VTI
4.7%

Utilities

TLTE
3.1%
VTI
2.3%

Healthcare

TLTE
3.1%
VTI
9.2%

Compare stocks, funds, or ETFs

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FlexShares Morningstar Emerging Markets Factor Tilt Index

Vanguard Total Stock Market ETF

Often compared with TLTE:
TLTE vs. TLTTLTE vs. VtiTLTE vs. TLTDTLTE vs. TDTTTLTE vs. MPTLTE vs. FXAIXTLTE vs. VWO
Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ

Return for Risk

TLTE vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLTE
TLTE Risk / Return Rank: 5959
Overall Rank
TLTE Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
TLTE Sortino Ratio Rank: 5454
Sortino Ratio Rank
TLTE Omega Ratio Rank: 6262
Omega Ratio Rank
TLTE Calmar Ratio Rank: 5959
Calmar Ratio Rank
TLTE Martin Ratio Rank: 6363
Martin Ratio Rank
VTI
VTI Risk / Return Rank: 6464
Overall Rank
VTI Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 6161
Sortino Ratio Rank
VTI Omega Ratio Rank: 6363
Omega Ratio Rank
VTI Calmar Ratio Rank: 6060
Calmar Ratio Rank
VTI Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLTE vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Vanguard Total Stock Market ETF (VTI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

TLTEVTIDifference
Sharpe ratioReturn per unit of total volatility
1.86
2.10

-0.24

Sortino ratioReturn per unit of downside risk
2.43
2.83

-0.41

Omega ratioGain probability vs. loss probability

1.35

1.38

-0.02

Calmar ratioReturn relative to maximum drawdown

2.77

2.93

-0.16

Martin ratioReturn relative to average drawdown

10.74

13.45

-2.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLTE vs. VTI - Sharpe Ratio Comparison

The current TLTE Sharpe Ratio is 1.86, which is comparable to the VTI Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TLTE and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TLTEVTIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.86

2.10

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.70

-0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.81

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.50

-0.19

Drawdowns

TLTE vs. VTI - Drawdown Comparison

The maximum TLTE drawdown since its inception was -44.21%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for TLTE and VTI.

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Drawdown Indicators

TLTEVTIDifference

Max Drawdown

Largest peak-to-trough decline

-44.21%

-55.45%

+11.24%

Max Drawdown (1Y)

Largest decline over 1 year

-13.04%

-8.92%

-4.12%

Max Drawdown (3Y)

Largest decline over 3 years

-17.43%

-19.30%

+1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-33.34%

-25.36%

-7.98%

Max Drawdown (10Y)

Largest decline over 10 years

-44.21%

-35.00%

-9.21%

Current Drawdown

Current decline from peak

-8.01%

-2.93%

-5.08%

Average Drawdown

Average peak-to-trough decline

-12.15%

-8.02%

-4.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

1.94%

+1.41%

Volatility

TLTE vs. VTI - Volatility Comparison

FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 9.85% compared to Vanguard Total Stock Market ETF (VTI) at 3.90%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TLTEVTIDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.85%

3.90%

+5.95%

Volatility (6M)

Calculated over the trailing 6-month period

17.40%

9.55%

+7.85%

Volatility (1Y)

Calculated over the trailing 1-year period

19.45%

12.48%

+6.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.05%

17.44%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.50%

18.32%

+0.18%

TLTE vs. VTI - Expense Ratio Comparison

TLTE has a 0.59% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

TLTE vs. VTI - Dividend Comparison

TLTE's dividend yield for the trailing twelve months is around 3.24%, more than VTI's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
TLTE
FlexShares Morningstar Emerging Markets Factor Tilt Index		3.24%3.76%3.73%4.03%4.42%3.21%1.95%3.23%3.02%2.12%2.30%2.00%
VTI
Vanguard Total Stock Market ETF		1.04%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

TLTE and VTI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TLTE has higher volatility (9.85%) compared to VTI (3.90%). In terms of maximum drawdown, TLTE dropped -44.21% vs VTI's -55.45%.

On 10-year performance, VTI leads with 14.71% vs 8.67% for TLTE. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTI has performed better with a 14.71% return vs 8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTI is cheaper with a 0.03% expense ratio, compared with 0.59% for TLTE.

TLTE has the higher dividend yield at 3.24%, compared with 1.04% for VTI.

TLTE is categorized as Foreign Large Cap Equities, while VTI is Large Cap Blend Equities. TLTE tracks Morningstar Emerging Markets Factor Tilt Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: Northern Trust and Vanguard. Their fees differ too: 0.59% for TLTE and 0.03% for VTI.

VTI currently has the higher Sharpe Ratio (2.10 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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