Correlation
The correlation between TDTF and SPIB is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
TDTF vs. SPIB
Compare and contrast key facts about FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).
TDTF and SPIB 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. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009. Both TDTF and SPIB 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 SPIB.
Performance
TDTF vs. SPIB - Performance Comparison
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Key characteristics
TDTF:
1.68
SPIB:
2.00
TDTF:
2.22
SPIB:
2.73
TDTF:
1.29
SPIB:
1.35
TDTF:
0.95
SPIB:
1.47
TDTF:
4.71
SPIB:
7.42
TDTF:
1.46%
SPIB:
0.95%
TDTF:
4.36%
SPIB:
3.78%
TDTF:
-12.02%
SPIB:
-14.94%
TDTF:
-0.76%
SPIB:
0.00%
Returns By Period
In the year-to-date period, TDTF achieves a 4.26% return, which is significantly higher than SPIB's 2.85% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: TDTF at 2.68% and SPIB at 2.68%.
TDTF
4.26%
-0.43%
3.22%
7.26%
1.35%
2.30%
2.68%
SPIB
2.85%
0.04%
2.35%
7.48%
3.74%
1.45%
2.68%
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TDTF vs. SPIB - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than SPIB's 0.07% 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. SPIB — Risk-Adjusted Performance Rank
TDTF
SPIB
TDTF vs. SPIB - 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 Portfolio Intermediate Term Corporate Bond ETF (SPIB). 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.
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Dividends
TDTF vs. SPIB - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.20%, less than SPIB's 4.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.20% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% | 1.23% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.45% | 4.41% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.03% | 2.79% | 2.68% | 2.69% | 2.65% |
Drawdowns
TDTF vs. SPIB - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum SPIB drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for TDTF and SPIB.
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Volatility
TDTF vs. SPIB - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has a higher volatility of 1.43% compared to SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) at 1.05%. This indicates that TDTF's price experiences larger fluctuations and is considered to be riskier than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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