TDTF vs. UDEC
Compare and contrast key facts about FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and Innovator U.S. Equity Ultra Buffer ETF - December (UDEC).
TDTF and UDEC 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. UDEC is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Nov 29, 2019. Both TDTF and UDEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TDTF vs. UDEC - Performance Comparison
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TDTF vs. UDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 0.50% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 0.77% |
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | -1.61% | 12.97% | 9.52% | 16.80% | -9.44% | 6.44% | 6.72% | 1.16% |
Returns By Period
In the year-to-date period, TDTF achieves a 0.50% return, which is significantly higher than UDEC's -1.61% return.
TDTF
- 1D
- -0.10%
- 1M
- -0.84%
- YTD
- 0.50%
- 6M
- 0.44%
- 1Y
- 3.86%
- 3Y*
- 3.67%
- 5Y*
- 1.99%
- 10Y*
- 2.87%
UDEC
- 1D
- 0.41%
- 1M
- -2.08%
- YTD
- -1.61%
- 6M
- 1.40%
- 1Y
- 13.67%
- 3Y*
- 11.01%
- 5Y*
- 6.10%
- 10Y*
- —
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TDTF vs. UDEC - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is lower than UDEC's 0.79% expense ratio.
Return for Risk
TDTF vs. UDEC — Risk / Return Rank
TDTF
UDEC
TDTF vs. UDEC - 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 Innovator U.S. Equity Ultra Buffer ETF - December (UDEC). 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 | UDEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.57 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.45 | 2.28 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.75 | -1.28 |
Martin ratioReturn relative to average drawdown | 5.43 | 11.92 | -6.49 |
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 | UDEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.57 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.86 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.79 | -0.33 |
Correlation
The correlation between TDTF and UDEC is 0.10, 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.
Dividends
TDTF vs. UDEC - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 3.82%, while UDEC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 3.82% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TDTF vs. UDEC - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum UDEC drawdown of -13.37%. Use the drawdown chart below to compare losses from any high point for TDTF and UDEC.
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Drawdown Indicators
| TDTF | UDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -13.37% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -4.99% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -10.26% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -2.72% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -2.21% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.15% | -0.46% |
Volatility
TDTF vs. UDEC - Volatility Comparison
The current volatility for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is 1.15%, while Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) has a volatility of 2.58%. This indicates that TDTF experiences smaller price fluctuations and is considered to be less risky than UDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDTF | UDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.58% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 5.16% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 8.75% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 7.14% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 8.08% | -3.00% |