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QLV vs. TDTF
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QLV vs. TDTF

Last updated Apr 2, 2026

Compare and contrast key facts about FlexShares US Quality Low Volatility Index Fund (QLV) and FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF).

QLV and TDTF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019. TDTF is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 5-Year Target Duration TIPS. It was launched on Sep 19, 2011. Both QLV and TDTF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QLV vs. TDTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares US Quality Low Volatility Index Fund (QLV) and FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF). The values are adjusted to include any dividend payments, if applicable.

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QLV vs. TDTF - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QLV
FlexShares US Quality Low Volatility Index Fund		0.29%12.28%18.08%13.71%-9.97%26.08%9.63%6.24%
TDTF
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund		0.50%7.83%2.40%4.10%-9.73%5.54%9.98%1.59%

Returns By Period

In the year-to-date period, QLV achieves a 0.29% return, which is significantly lower than TDTF's 0.50% return.

QLV

1D
0.19%
1M
-4.10%
YTD
0.29%
6M
0.78%
1Y
11.23%
3Y*
13.83%
5Y*
10.56%
10Y*
—

TDTF

1D
-0.10%
1M
-0.84%
YTD
0.50%
6M
0.44%
1Y
3.86%
3Y*
3.67%
5Y*
1.99%
10Y*
2.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FlexShares US Quality Low Volatility Index Fund

FlexShares iBoxx 5-Year Target Duration TIPS Index Fund

Often compared with QLV:
QLV vs. XRLVQLV vs. IUSQLV vs. USMVQLV vs. VOOQLV vs. PBJQLV vs. VMVFXQLV vs. ^GSPC
Often compared with TDTF:
TDTF vs. TIPTDTF vs. JSCPTDTF vs. SPYTDTF vs. VABSTDTF vs. VTIPTDTF vs. SPIBTDTF vs. JPLD

QLV vs. TDTF - Expense Ratio Comparison

QLV has a 0.22% expense ratio, which is higher than TDTF'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%.

QLV
FlexShares US Quality Low Volatility Index Fund
TDTF
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund

Return for Risk

QLV vs. TDTF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QLV
QLV Risk / Return Rank: 4848
Overall Rank
QLV Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
QLV Sortino Ratio Rank: 4747
Sortino Ratio Rank
QLV Omega Ratio Rank: 5050
Omega Ratio Rank
QLV Calmar Ratio Rank: 4141
Calmar Ratio Rank
QLV Martin Ratio Rank: 5656
Martin Ratio Rank
TDTF
TDTF Risk / Return Rank: 5252
Overall Rank
TDTF Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
TDTF Sortino Ratio Rank: 5252
Sortino Ratio Rank
TDTF Omega Ratio Rank: 4646
Omega Ratio Rank
TDTF Calmar Ratio Rank: 5454
Calmar Ratio Rank
TDTF Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QLV vs. TDTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) 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.

QLVTDTFDifference

Sharpe ratio

Return per unit of total volatility

0.89

1.02

-0.13

Sortino ratio

Return per unit of downside risk

1.35

1.45

-0.10

Omega ratio

Gain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratio

Return relative to maximum drawdown

1.14

1.46

-0.33

Martin ratio

Return relative to average drawdown

5.85

5.43

+0.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QLV vs. TDTF - Sharpe Ratio Comparison

The current QLV Sharpe Ratio is 0.89, which is comparable to the TDTF Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of QLV and TDTF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QLVTDTFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.89

1.02

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.35

+0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.57

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.46

+0.19

Correlation

The correlation between QLV and TDTF is 0.17, 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.

Dividends

QLV vs. TDTF - Dividend Comparison

QLV's dividend yield for the trailing twelve months is around 1.60%, less than TDTF's 3.82% yield.

TTM20252024202320222021202020192018201720162015
QLV
FlexShares US Quality Low Volatility Index Fund		1.60%1.60%1.66%1.60%1.74%0.96%1.24%0.58%0.00%0.00%0.00%0.00%
TDTF
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund		3.82%4.58%3.98%3.97%7.60%4.55%1.13%1.80%2.60%2.20%1.51%0.21%

Drawdowns

QLV vs. TDTF - Drawdown Comparison

The maximum QLV drawdown since its inception was -33.71%, which is greater than TDTF's maximum drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for QLV and TDTF.

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Drawdown Indicators

QLVTDTFDifference

Max Drawdown

Largest peak-to-trough decline

-33.71%

-12.02%

-21.69%

Max Drawdown (1Y)

Largest decline over 1 year

-9.75%

-2.56%

-7.19%

Max Drawdown (5Y)

Largest decline over 5 years

-17.93%

-12.02%

-5.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-12.02%

—

Current Drawdown

Current decline from peak

-4.10%

-1.03%

-3.07%

Average Drawdown

Average peak-to-trough decline

-4.08%

-2.94%

-1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

0.69%

+1.20%

Volatility

QLV vs. TDTF - Volatility Comparison

FlexShares US Quality Low Volatility Index Fund (QLV) has a higher volatility of 3.18% compared to FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) at 1.15%. This indicates that QLV's price experiences larger fluctuations and is considered to be riskier than TDTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QLVTDTFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.18%

1.15%

+2.03%

Volatility (6M)

Calculated over the trailing 6-month period

5.76%

2.11%

+3.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.73%

3.81%

+8.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.73%

5.70%

+7.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

5.08%

+11.66%