TDTT vs. BCLO
TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) and BCLO (iShares BBB-B CLO Active ETF) are both exchange-traded funds - TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS, while BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index. Both are passively managed. Over the past year, TDTT returned 4.65% vs 6.72% for BCLO. At a correlation of -0.03, they often move in opposite directions. TDTT charges 0.18%/yr vs 0.45%/yr for BCLO.
Performance
TDTT vs. BCLO - Performance Comparison
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Returns By Period
In the year-to-date period, TDTT achieves a 1.81% return, which is significantly lower than BCLO's 2.79% return.
TDTT
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- 1.81%
- 6M
- 1.77%
- 1Y
- 4.65%
- 3Y*
- 5.00%
- 5Y*
- 2.85%
- 10Y*
- 3.11%
BCLO
- 1D
- 0.05%
- 1M
- 1.24%
- YTD
- 2.79%
- 6M
- 3.32%
- 1Y
- 6.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTT vs. BCLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 1.81% | 5.60% |
BCLO iShares BBB-B CLO Active ETF | 2.79% | 5.43% |
Correlation
The correlation between TDTT and BCLO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025 | -0.03 |
The correlation between TDTT and BCLO shifts across timeframes, from -0.13 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDTT vs. BCLO — Risk / Return Rank
TDTT
BCLO
TDTT vs. BCLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and iShares BBB-B CLO Active ETF (BCLO). 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.
| TDTT | BCLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.86 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 3.52 | +1.65 |
| Martin ratioReturn relative to average drawdown | 16.59 | 13.00 | +3.59 |
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
| TDTT | BCLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 3.33 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.42 | -0.72 |
Drawdowns
TDTT vs. BCLO - Drawdown Comparison
The maximum TDTT drawdown since its inception was -6.97%, which is greater than BCLO's maximum drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for TDTT and BCLO.
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Drawdown Indicators
| TDTT | BCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -4.45% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -1.92% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.97% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -0.40% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.52% | -0.24% |
Volatility
TDTT vs. BCLO - Volatility Comparison
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and iShares BBB-B CLO Active ETF (BCLO) have volatilities of 0.46% and 0.48%, 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
| TDTT | BCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.48% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.65% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 2.03% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 4.39% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 4.39% | -1.01% |
TDTT vs. BCLO - Expense Ratio Comparison
TDTT has a 0.18% expense ratio, which is lower than BCLO's 0.45% expense ratio.
Dividends
TDTT vs. BCLO - Dividend Comparison
TDTT's dividend yield for the trailing twelve months is around 4.54%, less than BCLO's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 6.59% | 6.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.54% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% |
Frequently Asked Questions
TDTT and BCLO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCLO has higher volatility (0.48%) compared to TDTT (0.46%). In terms of maximum drawdown, TDTT dropped -6.97% vs BCLO's -4.45%.
On 1-year performance, BCLO leads with 6.72% vs 4.65% for TDTT. On fees, TDTT is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCLO has performed better with a 6.72% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTT is cheaper with a 0.18% expense ratio, compared with 0.45% for BCLO.
BCLO has the higher dividend yield at 6.59%, compared with 4.54% for TDTT.
TDTT is categorized as Inflation-Protected Bonds, while BCLO is CLO. TDTT tracks iBoxx 3-Year Target Duration TIPS, while BCLO tracks JP Morgan CLOIE High Quality Mezzanine Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.18% for TDTT and 0.45% for BCLO.
BCLO currently has the higher Sharpe Ratio (3.33 vs 2.54), 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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