EDGI vs. TLTE

Last updated Jun 24, 2026

EDGI (3EDGE Dynamic International Equity ETF) and TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) are both Foreign Large Cap Equities funds. EDGI is actively managed, while TLTE is passively managed. Over the past year, EDGI returned 23.34% vs 39.95% for TLTE. Their correlation of 0.87 suggests significant overlap in exposure. EDGI charges 0.97%/yr vs 0.59%/yr for TLTE.

Performance

EDGI vs. TLTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic International Equity ETF (EDGI) and FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGI achieves a 8.42% return, which is significantly lower than TLTE's 20.12% return.

EDGI

• 1D: -2.96%
• 1M: 0.13%
• YTD: 8.42%
• 6M: 8.38%
• 1Y: 23.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTE

• 1D: -5.06%
• 1M: 0.90%
• YTD: 20.12%
• 6M: 20.98%
• 1Y: 39.95%
• 3Y*: 21.14%
• 5Y*: 7.23%
• 10Y*: 9.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGI vs. TLTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDGI 3EDGE Dynamic International Equity ETF	8.42%	26.77%	-7.13%
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index	20.12%	30.21%	-9.76%

Correlation

The correlation between EDGI and TLTE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.87

The correlation between EDGI and TLTE has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

EDGI vs. TLTE - Sectors Allocation Comparison

Sectors	EDGI	TLTE
Industrials	20.4%	10.5%
Technology	19.5%	33.5%
Financial Services	18.6%	17.7%
Consumer Cyclical	11.2%	9.9%
Basic Materials	6.6%	7.0%
Healthcare	6.1%	2.8%
Communication Services	5.9%	4.2%
Consumer Defensive	4.1%	3.7%
Energy	3.0%	3.7%
Real Estate	2.5%	4.1%
Utilities	2.0%	2.9%

Return for Risk

EDGI vs. TLTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGI

EDGI Risk / Return Rank: 44
EDGI Sharpe Ratio Rank: 46
EDGI Sortino Ratio Rank: 44
EDGI Omega Ratio Rank: 46
EDGI Calmar Ratio Rank: 40
EDGI Martin Ratio Rank: 43

TLTE

TLTE Risk / Return Rank: 64
TLTE Sharpe Ratio Rank: 62
TLTE Sortino Ratio Rank: 56
TLTE Omega Ratio Rank: 67
TLTE Calmar Ratio Rank: 66
TLTE Martin Ratio Rank: 68

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.

EDGI vs. TLTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic International Equity ETF (EDGI) and FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE). 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.

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.

	EDGI	TLTE	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.91	-0.45
Sortino ratio: Return per unit of downside risk	2.03	2.50	-0.47
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	1.83	3.08	-1.25
Martin ratio: Return relative to average drawdown	6.45	11.60	-5.15

EDGI vs. TLTE - Sharpe Ratio Comparison

The current EDGI Sharpe Ratio is 1.46, which is comparable to the TLTE Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of EDGI and TLTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDGI vs. TLTE - Drawdown Comparison

The maximum EDGI drawdown since its inception was -14.52%, smaller than the maximum TLTE drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for EDGI and TLTE.

Drawdown Indicators

	EDGI	TLTE	Difference
Max Drawdown Largest peak-to-trough decline	-14.52%	-44.21%	+29.69%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-13.04%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.21%	—
Current Drawdown Current decline from peak	-2.96%	-5.06%	+2.10%
Average Drawdown Average peak-to-trough decline	-2.87%	-12.12%	+9.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	3.45%	+0.18%

Volatility

EDGI vs. TLTE - Volatility Comparison

The current volatility for 3EDGE Dynamic International Equity ETF (EDGI) is 6.49%, while FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a volatility of 11.78%. This indicates that EDGI experiences smaller price fluctuations and is considered to be less risky than TLTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGI	TLTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	11.78%	-5.29%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	19.21%	-5.17%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	21.00%	-4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	17.45%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	18.60%	-2.11%

EDGI vs. TLTE - Expense Ratio Comparison

EDGI has a 0.97% expense ratio, which is higher than TLTE's 0.59% expense ratio.

Dividends

EDGI vs. TLTE - Dividend Comparison

EDGI's dividend yield for the trailing twelve months is around 1.82%, less than TLTE's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDGI 3EDGE Dynamic International Equity ETF	1.82%	1.97%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index	3.26%	3.76%	3.73%	4.03%	4.42%	3.21%	1.95%	3.23%	3.02%	2.12%	2.30%	2.00%

Frequently Asked Questions

Can I hold both EDGI and TLTE in my portfolio?

EDGI and TLTE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGI or TLTE?

TLTE has higher volatility (11.78%) compared to EDGI (6.49%). In terms of maximum drawdown, EDGI dropped -14.52% vs TLTE's -44.21%.

Which ETF is better, EDGI or TLTE?

On 1-year performance, TLTE leads with 39.95% vs 23.34% for EDGI. On fees, TLTE is cheaper at 0.59% per year. On volatility, EDGI has been the lower-risk option at 6.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGI or TLTE?

Over the 1-year period, TLTE has performed better with a 39.95% return vs 23.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGI or TLTE?

TLTE is cheaper with a 0.59% expense ratio, compared with 0.97% for EDGI.

Which ETF pays a higher dividend yield, EDGI or TLTE?

TLTE has the higher dividend yield at 3.26%, compared with 1.82% for EDGI.

What is the main difference between EDGI and TLTE?

They also come from different issuers: 3EDGE Asset Management and Northern Trust. Their fees differ too: 0.97% for EDGI and 0.59% for TLTE.

Which has better risk-adjusted returns?

TLTE currently has the higher Sharpe Ratio (1.91 vs 1.46), 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.