QLVE vs. TDTF
QLVE (FlexShares Emerging Markets Quality Low Volatility Index Fund) and TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) are both exchange-traded funds - QLVE is a Volatility Hedged Equity fund tracking the Northern Trust Emerging Markets Quality Low Volatility Index, while TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS. Both are passively managed. Over the past 5 years, QLVE returned 7.43%/yr vs 1.72%/yr for TDTF. At a 0.09 correlation, their price movements are largely independent. QLVE charges 0.40%/yr vs 0.18%/yr for TDTF.
Performance
QLVE vs. TDTF - Performance Comparison
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Returns By Period
In the year-to-date period, QLVE achieves a 18.06% return, which is significantly higher than TDTF's 1.52% return.
QLVE
- 1D
- -1.29%
- 1M
- 7.29%
- YTD
- 18.06%
- 6M
- 19.74%
- 1Y
- 34.41%
- 3Y*
- 18.46%
- 5Y*
- 7.43%
- 10Y*
- —
TDTF
- 1D
- -0.13%
- 1M
- -0.44%
- YTD
- 1.52%
- 6M
- 1.18%
- 1Y
- 5.07%
- 3Y*
- 4.56%
- 5Y*
- 1.72%
- 10Y*
- 2.93%
QLVE vs. TDTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 18.06% | 21.87% | 10.17% | 8.53% | -13.10% | 0.90% | 4.16% | 4.98% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 1.59% |
Correlation
The correlation between QLVE and TDTF is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.09 |
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Return for Risk
QLVE vs. TDTF — Risk / Return Rank
QLVE
TDTF
QLVE vs. TDTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) 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.
| QLVE | TDTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.22 | -0.24 |
| Martin ratioReturn relative to average drawdown | 11.97 | 10.66 | +1.31 |
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
| QLVE | TDTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.67 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.30 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.47 | +0.01 |
Drawdowns
QLVE vs. TDTF - Drawdown Comparison
The maximum QLVE drawdown since its inception was -29.96%, which is greater than TDTF's maximum drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for QLVE and TDTF.
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Drawdown Indicators
| QLVE | TDTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -12.02% | -17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -1.58% | -10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -3.79% | -9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -12.02% | -11.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.02% | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.57% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -2.91% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 0.48% | +2.40% |
Volatility
QLVE vs. TDTF - Volatility Comparison
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a higher volatility of 6.82% compared to FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) at 0.73%. This indicates that QLVE'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
| QLVE | TDTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 0.73% | +6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 1.97% | +12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 3.06% | +13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 5.69% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 5.07% | +10.72% |
QLVE vs. TDTF - Expense Ratio Comparison
QLVE has a 0.40% expense ratio, which is higher than TDTF's 0.18% expense ratio.
Dividends
QLVE vs. TDTF - Dividend Comparison
QLVE's dividend yield for the trailing twelve months is around 2.42%, less than TDTF's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 2.42% | 3.14% | 3.11% | 3.00% | 2.48% | 2.57% | 1.66% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.71% | 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
QLVE and TDTF have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLVE has higher volatility (6.82%) compared to TDTF (0.73%). In terms of maximum drawdown, QLVE dropped -29.96% vs TDTF's -12.02%.
On 5-year performance, QLVE leads with 7.43% vs 1.72% for TDTF. On fees, TDTF is cheaper at 0.18% per year. On volatility, TDTF has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QLVE has performed better with a 7.43% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF is cheaper with a 0.18% expense ratio, compared with 0.40% for QLVE.
TDTF has the higher dividend yield at 4.71%, compared with 2.42% for QLVE.
QLVE is categorized as Volatility Hedged Equity, while TDTF is Inflation-Protected Bonds. QLVE tracks Northern Trust Emerging Markets Quality Low Volatility Index, while TDTF tracks iBoxx 5-Year Target Duration TIPS. Their fees differ too: 0.40% for QLVE and 0.18% for TDTF.
QLVE currently has the higher Sharpe Ratio (2.10 vs 1.67), 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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