NOEQ vs. TDTF
NOEQ (Northern Trust US Equity ETF) and TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) are both exchange-traded funds - NOEQ is a Large Cap Blend Equities fund actively managed by Northern Trust, while TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS. NOEQ is actively managed, while TDTF is passively managed. At a 0.44 correlation, their price movements are largely independent. NOEQ charges 0.12%/yr vs 0.18%/yr for TDTF.
Performance
NOEQ vs. TDTF - Performance Comparison
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Returns By Period
NOEQ
- 1D
- 0.21%
- 1M
- 0.78%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTF
- 1D
- 0.11%
- 1M
- -0.39%
- 6M
- 1.28%
- YTD
- 1.13%
- 1Y
- 3.61%
- 3Y*
- 4.59%
- 5Y*
- 1.56%
- 10Y*
- 2.74%
NOEQ vs. TDTF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NOEQ Northern Trust US Equity ETF | 13.97% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 0.55% |
Correlation
The correlation between NOEQ and TDTF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 23, 2026 | 0.44 |
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Return for Risk
NOEQ vs. TDTF — Risk / Return Rank
NOEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TDTF
NOEQ vs. TDTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust US Equity ETF (NOEQ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOEQ | TDTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.22 | — |
| Martin ratioReturn relative to average drawdown | — | 6.43 | — |
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Drawdowns
NOEQ vs. TDTF - Drawdown Comparison
The maximum NOEQ drawdown since its inception was -3.70%, smaller than the maximum TDTF drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for NOEQ and TDTF.
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Drawdown Indicators
| NOEQ | TDTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -12.02% | +8.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.58% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.02% | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.95% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -2.90% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.55% | — |
Volatility
NOEQ vs. TDTF - Volatility Comparison
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Volatility by Period
| NOEQ | TDTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 3.15% | +10.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 5.68% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.60% | 5.07% | +8.53% |
NOEQ vs. TDTF - Expense Ratio Comparison
NOEQ has a 0.12% expense ratio, which is lower than TDTF'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
NOEQ vs. TDTF - Dividend Comparison
NOEQ's dividend yield for the trailing twelve months is around 0.17%, less than TDTF's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOEQ Northern Trust US Equity ETF | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 5.35% | 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
NOEQ and TDTF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NOEQ is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NOEQ is cheaper with a 0.12% expense ratio, compared with 0.18% for TDTF.
TDTF has the higher dividend yield at 5.35%, compared with 0.17% for NOEQ.
NOEQ is categorized as Large Cap Blend Equities, while TDTF is Inflation-Protected Bonds. Their fees differ too: 0.12% for NOEQ and 0.18% for TDTF.
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