TDTF vs. TIPX
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) are both Inflation-Protected Bonds funds - TDTF tracks the iBoxx 5-Year Target Duration TIPS while TIPX tracks the Bloomberg US Govt Inflation-Linked (1-10 Y). Both are passively managed. Over the past 10 years, TDTF returned 2.93%/yr vs 2.97%/yr for TIPX. A 0.78 correlation means they provide meaningful diversification when combined. TDTF charges 0.18%/yr vs 0.15%/yr for TIPX.
Performance
TDTF vs. TIPX - Performance Comparison
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Returns By Period
In the year-to-date period, TDTF achieves a 1.52% return, which is significantly lower than TIPX's 1.72% return. Both investments have delivered pretty close results over the past 10 years, with TDTF having a 2.93% annualized return and TIPX not far ahead at 2.97%.
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%
TIPX
- 1D
- -0.05%
- 1M
- -0.17%
- YTD
- 1.72%
- 6M
- 1.48%
- 1Y
- 5.04%
- 3Y*
- 4.84%
- 5Y*
- 2.26%
- 10Y*
- 2.97%
TDTF vs. TIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 7.99% | -0.82% | 1.93% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 1.72% | 7.15% | 3.08% | 4.43% | -7.58% | 5.42% | 8.51% | 6.60% | -0.32% | 2.54% |
Correlation
The correlation between TDTF and TIPX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 31, 2013 | 0.78 |
The correlation between TDTF and TIPX shifts across timeframes, from 0.78 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDTF vs. TIPX — Risk / Return Rank
TDTF
TIPX
TDTF vs. TIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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.
| TDTF | TIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.92 | -0.70 |
| Martin ratioReturn relative to average drawdown | 10.66 | 13.22 | -2.56 |
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
| TDTF | TIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.94 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.49 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.68 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.50 | -0.03 |
Drawdowns
TDTF vs. TIPX - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for TDTF and TIPX.
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Drawdown Indicators
| TDTF | TIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -10.06% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -1.29% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -2.45% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -10.06% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | -10.06% | -1.96% |
Current DrawdownCurrent decline from peak | -0.57% | -0.30% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -2.28% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.38% | +0.10% |
Volatility
TDTF vs. TIPX - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) have volatilities of 0.73% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDTF | TIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.74% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 1.79% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 2.61% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 4.64% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 4.37% | +0.70% |
TDTF vs. TIPX - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than TIPX's 0.15% 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
TDTF vs. TIPX - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, more than TIPX's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 4.54% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Frequently Asked Questions
With a correlation of 0.92, TDTF and TIPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TIPX has higher volatility (0.74%) compared to TDTF (0.73%). In terms of maximum drawdown, TDTF dropped -12.02% vs TIPX's -10.06%.
On 10-year performance, TIPX leads with 2.97% vs 2.93% for TDTF. On fees, TIPX is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TIPX has performed better with a 2.97% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIPX is cheaper with a 0.15% expense ratio, compared with 0.18% for TDTF.
TDTF has the higher dividend yield at 4.71%, compared with 4.54% for TIPX.
TDTF tracks iBoxx 5-Year Target Duration TIPS, while TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y). They also come from different issuers: Northern Trust and State Street. Their fees differ too: 0.18% for TDTF and 0.15% for TIPX.
TIPX currently has the higher Sharpe Ratio (1.94 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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