- ISIN
- US33939L1008
- CUSIP
- 33939L100
- Issuer
- FlexShares
- Inception Date
- Sep 16, 2011
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Morningstar US Market Factor Tilt Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
TILT Performance Chart
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) is up 10.5% since the beginning of the year. TILT is currently trading at $273 per share. Investors who bought $1,000 worth of TILT shares 5 years ago would now be looking at an investment worth $1,737.
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Returns By Period
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has returned 10.45% so far this year and 28.05% over the past 12 months. Over the last decade, TILT has posted an annualized return of 14.27%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
FlexShares Morningstar US Market Factor Tilt Index Fund
- 1D
- -0.29%
- 1M
- 0.94%
- YTD
- 10.45%
- 6M
- 9.54%
- 1Y
- 28.05%
- 3Y*
- 20.25%
- 5Y*
- 11.67%
- 10Y*
- 14.27%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TILT Monthly Returns History
Based on dividend-adjusted daily data since Sep 22, 2011, TILT's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, an investment would double in approximately 4.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +14.2%, while the worst month was Mar 2020 at -17.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TILT closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.11% | 0.01% | -4.75% | 9.47% | 4.11% | -0.36% | 10.45% | ||||||
| 2025 | 3.41% | -2.19% | -5.60% | -1.60% | 5.69% | 5.04% | 1.99% | 3.40% | 2.87% | 1.68% | 0.96% | 0.38% | 16.59% |
| 2024 | 0.11% | 4.93% | 3.74% | -4.87% | 4.57% | 1.62% | 3.60% | 1.32% | 1.78% | -0.86% | 7.33% | -4.25% | 19.88% |
| 2023 | 7.91% | -2.27% | 0.34% | 0.54% | -0.27% | 7.62% | 4.29% | -2.26% | -4.89% | -3.53% | 9.34% | 6.79% | 24.70% |
| 2022 | -5.43% | -1.59% | 2.81% | -8.59% | 0.65% | -8.98% | 9.52% | -3.46% | -9.59% | 9.28% | 5.22% | -6.04% | -17.25% |
| 2021 | 1.34% | 4.55% | 4.23% | 4.57% | 1.23% | 1.18% | 0.74% | 2.73% | -3.96% | 6.01% | -1.79% | 4.26% | 27.61% |
Benchmark Metrics
FlexShares Morningstar US Market Factor Tilt Index Fund has an annualized alpha of 1.25%, beta of 0.99, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since September 22, 2011.
- This ETF captured 106.66% of S&P 500 Index gains and 102.95% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.99 and R2 of 0.90, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.25%
- Beta
- 0.99
- R²
- 0.90
- Upside Capture
- 106.66%
- Downside Capture
- 102.95%
Expense Ratio
TILT has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
TILT ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TILT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.78 | +0.53 |
| Martin ratioReturn relative to average drawdown | 14.30 | 12.44 | +1.86 |
Dividends
Dividend History
FlexShares Morningstar US Market Factor Tilt Index Fund provided a 1.09% dividend yield over the last twelve months, with an annual payout of $2.97 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.97 | $2.86 | $2.65 | $2.62 | $2.38 | $2.12 | $2.16 | $1.96 | $1.97 | $1.74 | $1.54 | $1.66 |
Dividend yield | 1.09% | 1.15% | 1.23% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Morningstar US Market Factor Tilt 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 | $0.52 | $0.00 | $0.00 | $0.76 | $1.28 | ||||||
| 2025 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.98 | $2.86 |
| 2024 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.87 | $2.65 |
| 2023 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.99 | $2.62 |
| 2022 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.81 | $2.38 |
| 2021 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.79 | $2.12 |
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 Morningstar US Market Factor Tilt 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 Morningstar US Market Factor Tilt Index Fund was 38.46%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current FlexShares Morningstar US Market Factor Tilt Index Fund drawdown is 1.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.46%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 |
Bear market2022 | -24.12%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -21.49%Dec 2018 | 3mo 4d | 6mo 20d | 9mo 24dSep 2018 - Jul 2019 |
2025 selloff2025 | -19.85%Apr 2025 | 4mo 4d | 2mo 25d | 6mo 29dDec 2024 - Jul 2025 |
2016 correction2016 | -17.58%Feb 2016 | 7mo 22d | 5mo 4d | 1y 21dJun 2015 - Jul 2016 |
Drawdown Indicators
| TILT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -56.78% | +18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -9.10% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.85% | -18.90% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -25.43% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.46% | -33.92% | -4.54% |
Current DrawdownCurrent decline from peak | -1.01% | -1.80% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -10.71% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.03% | -0.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with TILT
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