FLTR vs. TDTT

Last updated Jun 4, 2026

FLTR (VanEck Vectors Investment Grade Floating Rate ETF) and TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) are both exchange-traded funds - FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index, while TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS. Both are passively managed. Over the past 10 years, FLTR returned 3.51%/yr vs 3.11%/yr for TDTT. At a 0.03 correlation, their price movements are largely independent. FLTR charges 0.14%/yr vs 0.18%/yr for TDTT.

Performance

FLTR vs. TDTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLTR achieves a 1.91% return, which is significantly higher than TDTT's 1.81% return. Over the past 10 years, FLTR has outperformed TDTT with an annualized return of 3.51%, while TDTT has yielded a comparatively lower 3.11% annualized return.

FLTR

• 1D: -0.04%
• 1M: 0.46%
• YTD: 1.91%
• 6M: 2.40%
• 1Y: 5.30%
• 3Y*: 6.10%
• 5Y*: 4.49%
• 10Y*: 3.51%

TDTT

• 1D: 0.00%
• 1M: -0.06%
• YTD: 1.81%
• 6M: 1.77%
• 1Y: 4.65%
• 3Y*: 5.00%
• 5Y*: 2.85%
• 10Y*: 3.11%

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

FLTR vs. TDTT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLTR VanEck Vectors Investment Grade Floating Rate ETF	1.91%	5.22%	7.38%	7.41%	0.74%	0.55%	1.44%	5.70%	0.30%	2.80%
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund	1.81%	6.67%	3.96%	4.40%	-4.58%	5.49%	6.84%	5.74%	0.25%	0.43%

Correlation

The correlation between FLTR and TDTT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 26, 2011	0.03

Return for Risk

FLTR vs. TDTT — Risk / Return Rank

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

FLTR

FLTR Risk / Return Rank: 99
FLTR Sharpe Ratio Rank: 99
FLTR Sortino Ratio Rank: 99
FLTR Omega Ratio Rank: 99
FLTR Calmar Ratio Rank: 98
FLTR Martin Ratio Rank: 99

TDTT

TDTT Risk / Return Rank: 84
TDTT Sharpe Ratio Rank: 78
TDTT Sortino Ratio Rank: 90
TDTT Omega Ratio Rank: 84
TDTT Calmar Ratio Rank: 88
TDTT Martin Ratio Rank: 82

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.

FLTR vs. TDTT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). 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.

	FLTR	TDTT	Difference
Sharpe ratio Return per unit of total volatility	6.77	2.54	+4.23
Sortino ratio Return per unit of downside risk	12.78	4.20	+8.57
Omega ratio Gain probability vs. loss probability	3.15	1.51	+1.63
Calmar ratio Return relative to maximum drawdown	16.96	5.17	+11.79
Martin ratio Return relative to average drawdown	101.23	16.59	+84.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTR vs. TDTT - Sharpe Ratio Comparison

The current FLTR Sharpe Ratio is 6.77, which is higher than the TDTT Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FLTR and TDTT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLTR	TDTT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.77	2.54	+4.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.11	0.78	+1.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.92	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.69	-0.17

Drawdowns

FLTR vs. TDTT - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for FLTR and TDTT.

Drawdown Indicators

	FLTR	TDTT	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-6.97%	-10.87%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	-0.90%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-1.93%	-1.53%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-3.06%	-6.97%	+3.91%
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	-6.97%	-10.87%
Current Drawdown Current decline from peak	-0.04%	-0.14%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.67%	-1.60%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.28%	-0.23%

Volatility

FLTR vs. TDTT - Volatility Comparison

The current volatility for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) is 0.25%, while FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) has a volatility of 0.46%. This indicates that FLTR experiences smaller price fluctuations and is considered to be less risky than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTR	TDTT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.25%	0.46%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	0.62%	1.21%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	0.79%	1.85%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.13%	3.67%	-1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	3.38%	+1.62%

FLTR vs. TDTT - Expense Ratio Comparison

FLTR has a 0.14% expense ratio, which is lower than TDTT's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLTR vs. TDTT - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 4.73%, more than TDTT's 4.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTR VanEck Vectors Investment Grade Floating Rate ETF	4.73%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund	4.54%	4.52%	4.01%	3.88%	6.97%	4.53%	1.15%	1.91%	2.48%	1.88%	1.01%	0.00%

Frequently Asked Questions

Can I hold both FLTR and TDTT in my portfolio?

FLTR and TDTT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTR or TDTT?

TDTT has higher volatility (0.46%) compared to FLTR (0.25%). In terms of maximum drawdown, FLTR dropped -17.84% vs TDTT's -6.97%.

Which ETF is better, FLTR or TDTT?

On 10-year performance, FLTR leads with 3.51% vs 3.11% for TDTT. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTR or TDTT?

Over the 10-year period, FLTR has performed better with a 3.51% return vs 3.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTR or TDTT?

FLTR is cheaper with a 0.14% expense ratio, compared with 0.18% for TDTT.

Which ETF pays a higher dividend yield, FLTR or TDTT?

FLTR has the higher dividend yield at 4.73%, compared with 4.54% for TDTT.

What is the main difference between FLTR and TDTT?

FLTR is categorized as Corporate Bonds, while TDTT is Inflation-Protected Bonds. FLTR tracks MVIS US Investment Grade Floating Rate Index, while TDTT tracks iBoxx 3-Year Target Duration TIPS. They also come from different issuers: VanEck and Northern Trust. Their fees differ too: 0.14% for FLTR and 0.18% for TDTT.

Which has better risk-adjusted returns?

FLTR currently has the higher Sharpe Ratio (6.77 vs 2.54), 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.