TDTF vs. TLTD
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) are both exchange-traded funds - TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS, while TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index. Both are passively managed. Over the past 10 years, TDTF returned 2.93%/yr vs 9.50%/yr for TLTD. At a 0.08 correlation, their price movements are largely independent. TDTF charges 0.18%/yr vs 0.39%/yr for TLTD.
Performance
TDTF vs. TLTD - 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 TLTD's 8.45% return. Over the past 10 years, TDTF has underperformed TLTD with an annualized return of 2.93%, while TLTD has yielded a comparatively higher 9.50% annualized return.
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%
TLTD
- 1D
- -0.79%
- 1M
- 2.60%
- YTD
- 8.45%
- 6M
- 11.89%
- 1Y
- 26.70%
- 3Y*
- 19.83%
- 5Y*
- 9.51%
- 10Y*
- 9.50%
TDTF vs. TLTD - 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% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 8.45% | 39.69% | 4.78% | 17.19% | -13.74% | 12.84% | 4.21% | 21.26% | -17.57% | 26.27% |
Correlation
The correlation between TDTF and TLTD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2012 | 0.08 |
The correlation between TDTF and TLTD shifts across timeframes, from 0.08 (all time) to 0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDTF vs. TLTD — Risk / Return Rank
TDTF
TLTD
TDTF vs. TLTD - 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 FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD). 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 | TLTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.21 | +1.00 |
| Martin ratioReturn relative to average drawdown | 10.66 | 8.49 | +2.18 |
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 | TLTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.86 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.60 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.52 | -0.04 |
Drawdowns
TDTF vs. TLTD - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum TLTD drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for TDTF and TLTD.
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Drawdown Indicators
| TDTF | TLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -40.62% | +28.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -12.11% | +10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -13.10% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -28.96% | +16.94% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | -40.62% | +28.60% |
Current DrawdownCurrent decline from peak | -0.57% | -2.35% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -7.68% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 3.15% | -2.67% |
Volatility
TDTF vs. TLTD - Volatility Comparison
The current volatility for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is 0.73%, while FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a volatility of 4.34%. This indicates that TDTF experiences smaller price fluctuations and is considered to be less risky than TLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDTF | TLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 4.34% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 11.99% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 14.46% | -11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 15.97% | -10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 16.81% | -11.74% |
TDTF vs. TLTD - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is lower than TLTD's 0.39% expense ratio.
Dividends
TDTF vs. TLTD - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, more than TLTD's 3.08% 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% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.08% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
Frequently Asked Questions
TDTF and TLTD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTD has higher volatility (4.34%) compared to TDTF (0.73%). In terms of maximum drawdown, TDTF dropped -12.02% vs TLTD's -40.62%.
On 10-year performance, TLTD leads with 9.50% vs 2.93% 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 10-year period, TLTD has performed better with a 9.50% return vs 2.93%. 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 0.39% for TLTD.
TDTF has the higher dividend yield at 4.71%, compared with 3.08% for TLTD.
TDTF is categorized as Inflation-Protected Bonds, while TLTD is Global Equities. TDTF tracks iBoxx 5-Year Target Duration TIPS, while TLTD tracks Morningstar Developed Markets ex-US Factor Tilt Index. Their fees differ too: 0.18% for TDTF and 0.39% for TLTD.
TLTD currently has the higher Sharpe Ratio (1.86 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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