QLC vs. TDTT
QLC (FlexShares US Quality Large Cap Index Fund) and TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) are both exchange-traded funds - QLC is a Large Cap Blend Equities fund tracking the Northern Trust Quality Large Cap Index, while TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS. Both are passively managed. Over the past 10 years, QLC returned 14.83%/yr vs 3.11%/yr for TDTT. At a 0.06 correlation, their price movements are largely independent. QLC charges 0.25%/yr vs 0.18%/yr for TDTT.
Performance
QLC vs. TDTT - Performance Comparison
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Returns By Period
In the year-to-date period, QLC achieves a 11.39% return, which is significantly higher than TDTT's 1.81% return. Over the past 10 years, QLC has outperformed TDTT with an annualized return of 14.83%, while TDTT has yielded a comparatively lower 3.11% annualized return.
QLC
- 1D
- -0.74%
- 1M
- 5.38%
- YTD
- 11.39%
- 6M
- 11.88%
- 1Y
- 33.09%
- 3Y*
- 25.39%
- 5Y*
- 15.29%
- 10Y*
- 14.83%
TDTT
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- 1.81%
- 6M
- 1.77%
- 1Y
- 4.65%
- 3Y*
- 5.00%
- 5Y*
- 2.85%
- 10Y*
- 3.11%
QLC vs. TDTT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLC FlexShares US Quality Large Cap Index Fund | 11.39% | 23.26% | 26.71% | 26.02% | -17.21% | 28.46% | 13.64% | 24.51% | -8.12% | 21.73% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 1.81% | 6.67% | 3.96% | 4.40% | -4.58% | 5.49% | 6.84% | 5.74% | 0.25% | 0.43% |
Correlation
The correlation between QLC and TDTT is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.06 |
The correlation between QLC and TDTT shifts across timeframes, from 0.01 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QLC vs. TDTT — Risk / Return Rank
QLC
TDTT
QLC vs. TDTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Large Cap Index Fund (QLC) 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.
| QLC | TDTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.51 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 5.17 | -1.41 |
| Martin ratioReturn relative to average drawdown | 17.59 | 16.59 | +1.00 |
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
| QLC | TDTT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.54 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.78 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.92 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.69 | +0.10 |
Drawdowns
QLC vs. TDTT - Drawdown Comparison
The maximum QLC drawdown since its inception was -35.86%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for QLC and TDTT.
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Drawdown Indicators
| QLC | TDTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.86% | -6.97% | -28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -0.90% | -7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -1.53% | -16.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -6.97% | -16.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.86% | -6.97% | -28.89% |
Current DrawdownCurrent decline from peak | -0.74% | -0.14% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -1.60% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.28% | +1.61% |
Volatility
QLC vs. TDTT - Volatility Comparison
FlexShares US Quality Large Cap Index Fund (QLC) has a higher volatility of 2.94% compared to FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) at 0.46%. This indicates that QLC'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.
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Volatility by Period
| QLC | TDTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 0.46% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 1.21% | +8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 1.85% | +10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 3.67% | +13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 3.38% | +15.04% |
QLC vs. TDTT - Expense Ratio Comparison
QLC has a 0.25% expense ratio, which is higher than TDTT's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QLC vs. TDTT - Dividend Comparison
QLC's dividend yield for the trailing twelve months is around 0.88%, less than TDTT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLC FlexShares US Quality Large Cap Index Fund | 0.88% | 0.94% | 1.03% | 1.26% | 1.46% | 0.96% | 1.40% | 1.91% | 1.82% | 1.29% | 1.80% | 0.64% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.54% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% |
Frequently Asked Questions
QLC and TDTT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLC has higher volatility (2.94%) compared to TDTT (0.46%). In terms of maximum drawdown, QLC dropped -35.86% vs TDTT's -6.97%.
On 10-year performance, QLC leads with 14.83% vs 3.11% for TDTT. On fees, TDTT is cheaper at 0.18% per year. On volatility, TDTT has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QLC has performed better with a 14.83% return vs 3.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTT is cheaper with a 0.18% expense ratio, compared with 0.25% for QLC.
TDTT has the higher dividend yield at 4.54%, compared with 0.88% for QLC.
QLC is categorized as Large Cap Blend Equities, while TDTT is Inflation-Protected Bonds. QLC tracks Northern Trust Quality Large Cap Index, while TDTT tracks iBoxx 3-Year Target Duration TIPS. Their fees differ too: 0.25% for QLC and 0.18% for TDTT.
QLC currently has the higher Sharpe Ratio (2.69 vs 2.54), 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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