- ISIN
- US33939L5066
- CUSIP
- 33939L506
- Issuer
- Northern Trust
- Inception Date
- Sep 19, 2011
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iBoxx 3-Year Target Duration TIPS
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
TDTT Performance Chart
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is up 1.8% since the beginning of the year. TDTT is currently trading at $24 per share. Investors who bought $1,000 worth of TDTT shares 5 years ago would now be looking at an investment worth $1,154.
Loading charts...
Returns By Period
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) has returned 1.81% so far this year and 4.48% over the past 12 months. Over the last ten years, TDTT has returned 3.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
- 1D
- -0.04%
- 1M
- -0.12%
- YTD
- 1.81%
- 6M
- 1.88%
- 1Y
- 4.48%
- 3Y*
- 5.00%
- 5Y*
- 2.90%
- 10Y*
- 3.11%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
TDTT Monthly Returns History
Based on dividend-adjusted daily data since Sep 23, 2011, TDTT's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jul 2022 with a return of +2.6%, while the worst month was Sep 2022 at -3.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TDTT closed higher 47% of trading days. The best single day was Mar 13, 2020 with a return of +2.2%, while the worst single day was Mar 10, 2020 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | 0.37% | -0.12% | 1.03% | 0.03% | -0.02% | 1.81% | ||||||
| 2025 | 1.19% | 1.38% | 0.98% | 0.90% | -0.42% | 0.62% | 0.22% | 1.61% | -0.25% | 0.07% | 0.23% | -0.02% | 6.67% |
| 2024 | 0.47% | -0.51% | 0.59% | -0.50% | 1.21% | 0.67% | 1.24% | 0.55% | 1.13% | -0.89% | 0.51% | -0.56% | 3.96% |
| 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% |
Benchmark Metrics
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund has an annualized alpha of 1.87%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 26, 2011.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (8.97%) than losses (5.71%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.02 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 0.02 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
- 1.87%
- Beta
- 0.03
- R²
- 0.02
- Upside Capture
- 8.97%
- Downside Capture
- 5.71%
Expense Ratio
TDTT has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
TDTT ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and compare them to S&P 500 Index.
| TDTT | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.43 | 2.39 | +0.05 |
Sortino ratioReturn per unit of downside risk | 4.00 | 3.25 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.43 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 4.98 | 3.11 | +1.86 |
Martin ratioReturn relative to average drawdown | 15.98 | 14.38 | +1.60 |
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 3-Year Target Duration TIPS Index Fund provided a 4.54% dividend yield over the last twelve months, with an annual payout of $1.09 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.09 | $1.09 | $0.95 | $0.92 | $1.64 | $1.19 | $0.30 | $0.47 | $0.59 | $0.46 | $0.25 |
Dividend yield | 4.54% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.05 | $0.14 | $0.28 | $0.46 | ||||||
| 2025 | $0.00 | $0.02 | $0.04 | $0.19 | $0.14 | $0.08 | $0.10 | $0.08 | $0.11 | $0.07 | $0.09 | $0.17 | $1.09 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.17 | $0.19 | $0.12 | $0.07 | $0.04 | $0.06 | $0.05 | $0.13 | $0.95 |
| 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 |
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.
Loading charts...
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 0.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -6.97%Sep 2022 | 6mo 17d | 1y 8mo | 2y 3moMar 2022 - Jun 2024 |
COVID crash2020 | -6.62%Mar 2020 | 13d | 2mo 16d | 2mo 29dMar 2020 - Jun 2020 |
2015 pullback2015 | -4.75%Dec 2015 | 3y 3mo | 3y 1mo | 6y 5moSep 2012 - Feb 2019 |
Bear market2022 | -2.59%Feb 2022 | 2mo 24d | 19d | 3mo 13dNov 2021 - Mar 2022 |
2024 pullback2024 | -1.53%Dec 2024 | 2mo 25d | 1mo 16d | 4mo 11dSep 2024 - Feb 2025 |
Drawdown Indicators
| TDTT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -56.78% | +49.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -9.10% | +8.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -18.90% | +17.37% |
Max Drawdown (5Y)Largest decline over 5 years | -6.97% | -25.43% | +18.46% |
Max Drawdown (10Y)Largest decline over 10 years | -6.97% | -33.92% | +26.95% |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -10.72% | +9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 1.97% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with TDTT
Add FlexShares iBoxx 3-Year Target Duration TIPS Index Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with TDTT