IQDF vs. TDTT
Compare and contrast key facts about FlexShares International Quality Dividend Index Fund (IQDF) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT).
IQDF and TDTT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQDF is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Index. It was launched on Apr 12, 2013. 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 IQDF 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: IQDF or TDTT.
Performance
IQDF vs. TDTT - Performance Comparison
Returns By Period
In the year-to-date period, IQDF achieves a 7.55% return, which is significantly higher than TDTT's 4.19% return. Over the past 10 years, IQDF has outperformed TDTT with an annualized return of 3.75%, while TDTT has yielded a comparatively lower 2.32% annualized return.
IQDF
7.55%
-4.80%
-1.40%
14.75%
5.70%
3.75%
TDTT
4.19%
-0.13%
3.13%
6.12%
3.37%
2.32%
Key characteristics
| IQDF | TDTT | |
|---|---|---|
| Sharpe Ratio | 1.10 | 2.14 |
| Sortino Ratio | 1.58 | 3.46 |
| Omega Ratio | 1.19 | 1.44 |
| Calmar Ratio | 1.74 | 1.67 |
| Martin Ratio | 5.78 | 12.28 |
| Ulcer Index | 2.46% | 0.50% |
| Daily Std Dev | 12.97% | 2.85% |
| Max Drawdown | -39.83% | -6.97% |
| Current Drawdown | -8.03% | -1.01% |
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IQDF vs. TDTT - Expense Ratio Comparison
IQDF has a 0.47% expense ratio, which is higher than TDTT's 0.18% expense ratio.
Correlation
The correlation between IQDF and TDTT is 0.14, 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.
Risk-Adjusted Performance
IQDF vs. TDTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Index Fund (IQDF) 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
IQDF vs. TDTT - Dividend Comparison
IQDF's dividend yield for the trailing twelve months is around 4.86%, more than TDTT's 3.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDF FlexShares International Quality Dividend Index Fund | 4.86% | 6.06% | 5.59% | 4.13% | 3.16% | 4.46% | 5.77% | 3.89% | 3.75% | 4.27% | 4.36% | 1.59% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 3.83% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
Drawdowns
IQDF vs. TDTT - Drawdown Comparison
The maximum IQDF drawdown since its inception was -39.83%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for IQDF and TDTT. For additional features, visit the drawdowns tool.
Volatility
IQDF vs. TDTT - Volatility Comparison
FlexShares International Quality Dividend Index Fund (IQDF) has a higher volatility of 4.12% compared to FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) at 0.55%. This indicates that IQDF's price experiences larger fluctuations and is considered to be riskier than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.