NOEQ vs. TDTT
NOEQ (Northern Trust US Equity ETF) and TDTT (FlexShares iBoxx 3-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 TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS. NOEQ is actively managed, while TDTT is passively managed. At a 0.38 correlation, their price movements are largely independent. NOEQ charges 0.12%/yr vs 0.18%/yr for TDTT.
Performance
NOEQ vs. TDTT - Performance Comparison
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Returns By Period
NOEQ
- 1D
- -1.12%
- 1M
- 0.63%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TDTT
- 1D
- -0.15%
- 1M
- 0.23%
- 6M
- 1.32%
- YTD
- 1.24%
- 1Y
- 2.81%
- 3Y*
- 4.78%
- 5Y*
- 2.54%
- 10Y*
- 3.02%
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $462.73 | $1.27K | $969.89 | |
| $5.32M | $5.42M | $4.96M |
NOEQ vs. TDTT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NOEQ Northern Trust US Equity ETF | 12.28% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 0.49% |
Correlation
The correlation between NOEQ and TDTT is 0.38, 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 | 0.38 |
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Return for Risk
NOEQ vs. TDTT — Risk / Return Rank
NOEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TDTT
NOEQ vs. TDTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust US Equity ETF (NOEQ) 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.
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 | TDTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.91 | — |
| Martin ratioReturn relative to average drawdown | — | 8.07 | — |
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Drawdowns
NOEQ vs. TDTT - Drawdown Comparison
The maximum NOEQ drawdown since its inception was -3.70%, smaller than the maximum TDTT drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for NOEQ and TDTT.
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Drawdown Indicators
| NOEQ | TDTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -6.97% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.97% | — |
Current DrawdownCurrent decline from peak | -2.23% | -0.70% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -1.59% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.35% | — |
Volatility
NOEQ vs. TDTT - Volatility Comparison
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Volatility by Period
| NOEQ | TDTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 1.91% | +11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 3.66% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.03% | 3.38% | +9.65% |
NOEQ vs. TDTT - Expense Ratio Comparison
NOEQ has a 0.12% 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%.
Dividends
NOEQ vs. TDTT - Dividend Comparison
NOEQ's dividend yield for the trailing twelve months is around 0.17%, less than TDTT's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 5.15% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% |
Frequently Asked Questions
NOEQ and TDTT have a correlation of 0.38, 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 TDTT.
TDTT has the higher dividend yield at 5.15%, compared with 0.17% for NOEQ.
NOEQ is categorized as Large Cap Blend Equities, while TDTT is Inflation-Protected Bonds. Their fees differ too: 0.12% for NOEQ and 0.18% for TDTT.
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