TDTF vs. MMTM
Compare and contrast key facts about FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and SPDR S&P 1500 Momentum Tilt ETF (MMTM).
TDTF and MMTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012. Both TDTF and MMTM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TDTF or MMTM.
Correlation
The correlation between TDTF and MMTM is 0.05, 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.
Performance
TDTF vs. MMTM - Performance Comparison
Key characteristics
TDTF:
1.29
MMTM:
1.57
TDTF:
1.84
MMTM:
2.17
TDTF:
1.23
MMTM:
1.29
TDTF:
0.63
MMTM:
2.38
TDTF:
3.63
MMTM:
9.46
TDTF:
1.41%
MMTM:
2.76%
TDTF:
3.96%
MMTM:
16.67%
TDTF:
-12.02%
MMTM:
-33.85%
TDTF:
-3.06%
MMTM:
-0.04%
Returns By Period
In the year-to-date period, TDTF achieves a 1.55% return, which is significantly lower than MMTM's 5.05% return. Over the past 10 years, TDTF has underperformed MMTM with an annualized return of 2.50%, while MMTM has yielded a comparatively higher 15.37% annualized return.
TDTF
1.55%
1.03%
0.48%
5.07%
2.23%
2.50%
MMTM
5.05%
2.32%
11.37%
26.50%
14.92%
15.37%
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TDTF vs. MMTM - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than MMTM's 0.12% 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%.
Risk-Adjusted Performance
TDTF vs. MMTM — Risk-Adjusted Performance Rank
TDTF
MMTM
TDTF vs. MMTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and SPDR S&P 1500 Momentum Tilt ETF (MMTM). 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.
Dividends
TDTF vs. MMTM - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 3.97%, more than MMTM's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 3.97% | 3.99% | 3.97% | 7.60% | 4.55% | 1.12% | 1.80% | 2.59% | 2.20% | 1.51% | 0.21% | 1.23% |
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.79% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% |
Drawdowns
TDTF vs. MMTM - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum MMTM drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for TDTF and MMTM. For additional features, visit the drawdowns tool.
Volatility
TDTF vs. MMTM - Volatility Comparison
The current volatility for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is 1.09%, while SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 5.20%. This indicates that TDTF experiences smaller price fluctuations and is considered to be less risky than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.