GQRE vs. TDTF
GQRE (FlexShares Global Quality Real Estate Index Fund) and TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) are both exchange-traded funds - GQRE is a REIT fund tracking the Northern Trust Global Quality Real Estate (NR), while TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS. Both are passively managed. Over the past 10 years, GQRE returned 3.85%/yr vs 2.94%/yr for TDTF. At a 0.17 correlation, their price movements are largely independent. GQRE charges 0.45%/yr vs 0.18%/yr for TDTF.
Performance
GQRE vs. TDTF - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 8.29% return, which is significantly higher than TDTF's 1.52% return. Over the past 10 years, GQRE has outperformed TDTF with an annualized return of 3.85%, while TDTF has yielded a comparatively lower 2.94% annualized return.
GQRE
- 1D
- 0.88%
- 1M
- -1.20%
- YTD
- 8.29%
- 6M
- 9.03%
- 1Y
- 12.75%
- 3Y*
- 10.84%
- 5Y*
- 2.16%
- 10Y*
- 3.85%
TDTF
- 1D
- 0.00%
- 1M
- -0.28%
- YTD
- 1.52%
- 6M
- 1.29%
- 1Y
- 4.72%
- 3Y*
- 4.46%
- 5Y*
- 1.72%
- 10Y*
- 2.94%
GQRE vs. TDTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 8.29% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 7.99% | -0.82% | 1.93% |
Correlation
The correlation between GQRE and TDTF is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | 0.17 |
The correlation between GQRE and TDTF shifts across timeframes, from 0.17 (all time) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GQRE vs. TDTF — Risk / Return Rank
GQRE
TDTF
GQRE vs. TDTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) and FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF). 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.
| GQRE | TDTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 3.00 | -1.73 |
| Martin ratioReturn relative to average drawdown | 4.80 | 10.06 | -5.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GQRE | TDTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.56 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.30 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.58 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.47 | -0.17 |
Drawdowns
GQRE vs. TDTF - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than TDTF's maximum drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for GQRE and TDTF.
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Drawdown Indicators
| GQRE | TDTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -12.02% | -29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -1.58% | -8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -3.79% | -12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -12.02% | -23.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -12.02% | -29.85% |
Current DrawdownCurrent decline from peak | -2.58% | -0.57% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -2.91% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.48% | +2.18% |
Volatility
GQRE vs. TDTF - Volatility Comparison
FlexShares Global Quality Real Estate Index Fund (GQRE) has a higher volatility of 3.56% compared to FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) at 0.71%. This indicates that GQRE's price experiences larger fluctuations and is considered to be riskier than TDTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQRE | TDTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 0.71% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 1.97% | +6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 3.05% | +8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 5.69% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 5.07% | +12.59% |
GQRE vs. TDTF - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is higher than TDTF's 0.18% expense ratio.
Dividends
GQRE vs. TDTF - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.32%, less than TDTF's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.32% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.71% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Frequently Asked Questions
GQRE and TDTF have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GQRE has higher volatility (3.56%) compared to TDTF (0.71%). In terms of maximum drawdown, GQRE dropped -41.87% vs TDTF's -12.02%.
On 10-year performance, GQRE leads with 3.85% vs 2.94% for TDTF. On fees, TDTF is cheaper at 0.18% per year. On volatility, TDTF has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GQRE has performed better with a 3.85% return vs 2.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF is cheaper with a 0.18% expense ratio, compared with 0.45% for GQRE.
TDTF has the higher dividend yield at 4.71%, compared with 4.32% for GQRE.
GQRE is categorized as REIT, while TDTF is Inflation-Protected Bonds. GQRE tracks Northern Trust Global Quality Real Estate (NR), while TDTF tracks iBoxx 5-Year Target Duration TIPS. Their fees differ too: 0.45% for GQRE and 0.18% for TDTF.
TDTF currently has the higher Sharpe Ratio (1.56 vs 1.10), 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.
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