MP vs. TLTE
Compare and contrast key facts about MP Materials Corp. (MP) and FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE).
TLTE is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Emerging Markets Factor Tilt Index. It was launched on Sep 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MP or TLTE.
Key characteristics
| MP | TLTE | |
|---|---|---|
| YTD Return | 0.00% | 6.08% |
| 1Y Return | 32.78% | 15.14% |
| 3Y Return (Ann) | -24.73% | -1.07% |
| Sharpe Ratio | 0.58 | 1.06 |
| Sortino Ratio | 1.23 | 1.53 |
| Omega Ratio | 1.14 | 1.19 |
| Calmar Ratio | 0.40 | 0.72 |
| Martin Ratio | 1.31 | 5.51 |
| Ulcer Index | 25.11% | 2.74% |
| Daily Std Dev | 56.75% | 14.26% |
| Max Drawdown | -81.99% | -44.21% |
| Current Drawdown | -65.93% | -8.86% |
Correlation
The correlation between MP and TLTE is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MP vs. TLTE - Performance Comparison
In the year-to-date period, MP achieves a 0.00% return, which is significantly lower than TLTE's 6.08% 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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Risk-Adjusted Performance
MP vs. TLTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) 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.
Dividends
MP vs. TLTE - Dividend Comparison
MP has not paid dividends to shareholders, while TLTE's dividend yield for the trailing twelve months is around 2.75%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | 0.00% | 0.00% | 0.00% | 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 | 2.75% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
Drawdowns
MP vs. TLTE - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, which is greater than TLTE's maximum drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for MP and TLTE. For additional features, visit the drawdowns tool.
Volatility
MP vs. TLTE - Volatility Comparison
MP Materials Corp. (MP) has a higher volatility of 13.91% compared to FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) at 4.88%. This indicates that MP's price experiences larger fluctuations and is considered to be riskier than TLTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.