- ISIN
- US33939L6056
- CUSIP
- 33939L605
- Issuer
- Northern Trust
- Inception Date
- Sep 19, 2011
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iBoxx 5-Year Target Duration TIPS
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
TDTF Performance Chart
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is up 1.0% since the beginning of the year. TDTF is currently trading at $24 per share. Investors who bought $1,000 worth of TDTF shares 5 years ago would now be looking at an investment worth $1,083.
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Returns By Period
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has returned 1.01% so far this year and 4.54% over the past 12 months.
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
- 1D
- -0.50%
- 1M
- -0.80%
- YTD
- 1.01%
- 6M
- 0.88%
- 1Y
- 4.54%
- 3Y*
- 4.35%
- 5Y*
- 1.61%
- 10Y*
- 2.85%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTF Monthly Returns History
Based on dividend-adjusted daily data since Sep 22, 2011, TDTF's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jul 2022 with a return of +4.6%, while the worst month was Sep 2022 at -6.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.
On a daily basis, TDTF closed higher 50% of trading days. The best single day was Mar 20, 2020 with a return of +2.8%, while the worst single day was Mar 17, 2020 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | 0.93% | -0.92% | 1.27% | -0.07% | -0.78% | 1.01% | ||||||
| 2025 | 1.29% | 2.04% | 1.06% | 0.58% | -0.43% | 0.85% | 0.30% | 1.92% | -0.20% | 0.19% | 0.41% | -0.43% | 7.83% |
| 2024 | 0.59% | -1.26% | 0.77% | -1.48% | 1.71% | 0.81% | 1.81% | 0.70% | 1.41% | -1.69% | 0.41% | -1.29% | 2.40% |
| 2023 | 1.99% | -1.54% | 3.25% | 0.17% | -1.37% | -0.71% | 0.41% | -0.74% | -1.54% | -0.52% | 2.44% | 2.35% | 4.10% |
| 2022 | -1.62% | 0.99% | -1.96% | -1.37% | -0.32% | -2.84% | 4.56% | -2.73% | -6.10% | 1.11% | 1.86% | -1.36% | -9.73% |
| 2021 | 0.63% | -1.14% | 0.07% | 1.55% | 0.84% | 0.11% | 2.76% | -0.30% | -0.62% | 0.75% | 0.13% | 0.68% | 5.54% |
Benchmark Metrics
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund has an annualized alpha of 4.52%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 23, 2011.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.74%) than losses (15.40%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.52%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 17.74%
- Downside Capture
- 15.40%
Expense Ratio
TDTF has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
TDTF ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and compare them to S&P 500 Index.
| TDTF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | — | — |
| Martin ratioReturn relative to average drawdown | 9.63 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund provided a 4.73% dividend yield over the last twelve months, with an annual payout of $1.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $1.10 | $0.93 | $0.94 | $1.79 | $1.28 | $0.31 | $0.46 | $0.63 | $0.55 | $0.38 | $0.05 |
Dividend yield | 4.73% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.06 | $0.14 | $0.28 | $0.48 | ||||||
| 2025 | $0.00 | $0.01 | $0.03 | $0.19 | $0.14 | $0.08 | $0.10 | $0.08 | $0.11 | $0.07 | $0.10 | $0.18 | $1.10 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.17 | $0.19 | $0.12 | $0.07 | $0.03 | $0.05 | $0.05 | $0.12 | $0.93 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.11 | $0.15 | $0.09 | $0.14 | $0.08 | $0.09 | $0.06 | $0.13 | $0.10 | $0.94 |
| 2022 | $0.00 | $0.15 | $0.06 | $0.18 | $0.21 | $0.31 | $0.13 | $0.27 | $0.34 | $0.00 | $0.00 | $0.16 | $1.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.08 | $0.13 | $0.16 | $0.19 | $0.18 | $0.21 | $0.10 | $0.04 | $0.19 | $1.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund was 12.02%, occurring on Nov 3, 2022. Recovery took 604 trading sessions.
The current FlexShares iBoxx 5-Year Target Duration TIPS Index Fund drawdown is 1.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -12.02%Nov 2022 | 7mo 29d | 2y 5mo | 3y 26dMar 2022 - Apr 2025 |
COVID crash2020 | -9.60%Mar 2020 | 9d | 28d | 1mo 7dMar 2020 - Apr 2020 |
2013 pullback2013 | -6.85%Sep 2013 | 11mo 23d | 4y 3d | 4y 11moSep 2012 - Sep 2017 |
Bear market2022 | -4.12%Feb 2022 | 2mo 24d | 25d | 3mo 19dNov 2021 - Mar 2022 |
Rate-hike selloffLate 2018 | -3.08%Nov 2018 | 1y 2mo | 3mo 14d | 1y 5moSep 2017 - Feb 2019 |
Drawdown Indicators
| TDTF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -9.10% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -2.97% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -1.13% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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