FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT)
TDTT is a passive ETF by Northern Trust tracking the investment results of the iBoxx 3-Year Target Duration TIPS. TDTT launched on Sep 19, 2011 and has a 0.18% expense ratio.
ETF Info
| ISIN | US33939L5066 |
|---|---|
| CUSIP | 33939L506 |
| Issuer | Northern Trust |
| Inception Date | Sep 19, 2011 |
| Region | North America (U.S.) |
| Category | Inflation-Protected Bonds |
| Leveraged | 1x |
| Index Tracked | iBoxx 3-Year Target Duration TIPS |
| Asset Class | Bond |
Expense Ratio
TDTT has an expense ratio of 0.18%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TDTT vs. SPIP, TDTT vs. TLTE, TDTT vs. BKLN, TDTT vs. IQDF, TDTT vs. FLTR, TDTT vs. STIP, TDTT vs. SCHQ, TDTT vs. VOO, TDTT vs. TLH, TDTT vs. VTIP
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund had a return of 3.85% year-to-date (YTD) and 6.04% in the last 12 months. Over the past 10 years, FlexShares iBoxx 3-Year Target Duration TIPS Index Fund had an annualized return of 2.26%, while the S&P 500 had an annualized return of 11.05%, indicating that FlexShares iBoxx 3-Year Target Duration TIPS Index Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.85% | 21.24% |
| 1 month | -0.54% | 0.55% |
| 6 months | 3.20% | 11.47% |
| 1 year | 6.04% | 32.45% |
| 5 years (annualized) | 3.35% | 13.43% |
| 10 years (annualized) | 2.26% | 11.05% |
Monthly Returns
The table below presents the monthly returns of TDTT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.47% | -0.51% | 0.59% | -0.49% | 1.21% | 0.67% | 1.24% | 0.55% | 1.13% | -0.89% | 3.85% | ||
| 2023 | 0.98% | -0.72% | 2.50% | 0.19% | -0.94% | -0.51% | 0.44% | -0.03% | -0.60% | 0.19% | 1.50% | 1.37% | 4.40% |
| 2022 | -0.80% | 1.08% | -1.08% | -0.17% | 0.28% | -1.93% | 2.64% | -1.83% | -3.92% | 0.98% | 0.72% | -0.49% | -4.58% |
| 2021 | 0.71% | -0.10% | 0.46% | 1.14% | 0.71% | -0.10% | 1.62% | -0.04% | -0.15% | 0.65% | -0.01% | 0.49% | 5.49% |
| 2020 | 0.85% | 0.52% | -1.84% | 1.52% | 0.96% | 0.88% | 1.23% | 1.33% | -0.31% | -0.26% | 0.65% | 1.16% | 6.84% |
| 2019 | 0.97% | 0.08% | 1.06% | 0.43% | 0.82% | 0.80% | 0.05% | 0.81% | -0.45% | 0.07% | 0.14% | 0.83% | 5.74% |
| 2018 | -0.41% | -0.17% | 0.74% | -0.09% | 0.25% | 0.41% | -0.46% | 0.52% | -0.44% | -0.65% | 0.20% | 0.35% | 0.25% |
| 2017 | 0.53% | 0.12% | 0.36% | -0.29% | -0.01% | -0.63% | 0.32% | 0.30% | -0.22% | 0.16% | -0.23% | 0.03% | 0.43% |
| 2016 | 1.08% | 0.16% | 1.10% | -0.04% | -0.16% | 0.97% | -0.02% | -0.46% | 0.81% | -0.12% | -0.48% | 0.32% | 3.18% |
| 2015 | 1.28% | -0.32% | -0.53% | 0.94% | -0.20% | 0.04% | -0.41% | -0.49% | 0.08% | 0.04% | -0.25% | -0.62% | -0.45% |
| 2014 | 0.12% | 0.24% | -0.32% | 0.48% | 0.68% | 0.36% | -0.43% | -0.05% | -1.16% | 0.16% | -0.20% | -1.58% | -1.72% |
| 2013 | 0.04% | -0.08% | 0.24% | -0.55% | -1.06% | -1.12% | 0.89% | -0.59% | 0.20% | 0.16% | -0.08% | -0.20% | -2.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TDTT is 66, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund provided a 3.84% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.92 | $1.64 | $1.19 | $0.30 | $0.47 | $0.59 | $0.46 | $0.25 | $0.00 | $0.21 | $0.05 |
Dividend yield | 3.84% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares iBoxx 3-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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.17 | $0.19 | $0.12 | $0.07 | $0.04 | $0.06 | $0.05 | $0.82 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.11 | $0.14 | $0.09 | $0.13 | $0.07 | $0.09 | $0.06 | $0.12 | $0.09 | $0.92 |
| 2022 | $0.00 | $0.14 | $0.05 | $0.16 | $0.19 | $0.30 | $0.11 | $0.25 | $0.31 | $0.00 | $0.00 | $0.15 | $1.64 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.07 | $0.12 | $0.15 | $0.18 | $0.17 | $0.21 | $0.09 | $0.03 | $0.17 | $1.19 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.07 | $0.05 | $0.30 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.14 | $0.06 | $0.01 | $0.05 | $0.00 | $0.08 | $0.47 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.06 | $0.11 | $0.06 | $0.10 | $0.12 | $0.04 | $0.01 | $0.02 | $0.08 | $0.59 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.09 | $0.07 | $0.01 | $0.06 | $0.01 | $0.02 | $0.00 | $0.04 | $0.16 | $0.46 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.09 | $0.07 | $0.00 | $0.00 | $0.07 | $0.25 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.05 | $0.06 | $0.02 | $0.00 | $0.00 | $0.02 | $0.21 |
| 2013 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares iBoxx 3-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 3-Year Target Duration TIPS Index Fund was 6.97%, occurring on Sep 27, 2022. Recovery took 433 trading sessions.
The current FlexShares iBoxx 3-Year Target Duration TIPS Index Fund drawdown is 1.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.97% | Mar 14, 2022 | 137 | Sep 27, 2022 | 433 | Jun 18, 2024 | 570 |
| -6.62% | Mar 4, 2020 | 10 | Mar 17, 2020 | 52 | Jun 1, 2020 | 62 |
| -4.75% | Sep 17, 2012 | 828 | Dec 31, 2015 | 790 | Feb 22, 2019 | 1618 |
| -2.59% | Nov 18, 2021 | 58 | Feb 10, 2022 | 12 | Mar 1, 2022 | 70 |
| -1.51% | Oct 4, 2011 | 7 | Oct 12, 2011 | 13 | Oct 31, 2011 | 20 |
Volatility
Volatility Chart
The current FlexShares iBoxx 3-Year Target Duration TIPS Index Fund volatility is 0.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.