FLTR vs. TDTT
Compare and contrast key facts about VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT).
FLTR and TDTT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011. TDTT is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 3-Year Target Duration TIPS. It was launched on Sep 19, 2011. Both FLTR and TDTT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTR or TDTT.
Key characteristics
| FLTR | TDTT | |
|---|---|---|
| YTD Return | 3.02% | 0.41% |
| 1Y Return | 8.11% | 1.51% |
| 3Y Return (Ann) | 3.74% | 0.98% |
| 5Y Return (Ann) | 3.11% | 3.12% |
| 10Y Return (Ann) | 2.41% | 1.88% |
| Sharpe Ratio | 7.83 | 0.53 |
| Daily Std Dev | 1.05% | 3.56% |
| Max Drawdown | -17.84% | -6.97% |
| Current Drawdown | -0.02% | -1.28% |
Correlation
The correlation between FLTR and TDTT is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLTR vs. TDTT - Performance Comparison
In the year-to-date period, FLTR achieves a 3.02% return, which is significantly higher than TDTT's 0.41% return. Over the past 10 years, FLTR has outperformed TDTT with an annualized return of 2.41%, while TDTT has yielded a comparatively lower 1.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
FLTR vs. TDTT - Risk-Adjusted Performance 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.
Dividends
FLTR vs. TDTT - Dividend Comparison
FLTR's dividend yield for the trailing twelve months is around 6.25%, more than TDTT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.25% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.10% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
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. For additional features, visit the drawdowns tool.
Volatility
FLTR vs. TDTT - Volatility Comparison
The current volatility for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) is 0.27%, while FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) has a volatility of 0.89%. 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.