TDTT vs. QLC
TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) and QLC (FlexShares US Quality Large Cap Index Fund) are both exchange-traded funds - TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS, while QLC is a Large Cap Blend Equities fund tracking the Northern Trust Quality Large Cap Index. Both are passively managed. Over the past 10 years, TDTT returned 3.11%/yr vs 14.83%/yr for QLC. At a 0.06 correlation, their price movements are largely independent. TDTT charges 0.18%/yr vs 0.25%/yr for QLC.
Performance
TDTT vs. QLC - 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 QLC's 11.39% return. Over the past 10 years, TDTT has underperformed QLC with an annualized return of 3.11%, while QLC has yielded a comparatively higher 14.83% annualized 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%
QLC
- 1D
- -0.74%
- 1M
- 5.38%
- YTD
- 11.39%
- 6M
- 11.88%
- 1Y
- 33.09%
- 3Y*
- 25.39%
- 5Y*
- 15.29%
- 10Y*
- 14.83%
TDTT vs. QLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 1.81% | 6.67% | 3.96% | 4.40% | -4.58% | 5.49% | 6.84% | 5.74% | 0.25% | 0.43% |
QLC FlexShares US Quality Large Cap Index Fund | 11.39% | 23.26% | 26.71% | 26.02% | -17.21% | 28.46% | 13.64% | 24.51% | -8.12% | 21.73% |
Correlation
The correlation between TDTT and QLC is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.06 |
The correlation between TDTT and QLC shifts across timeframes, from 0.01 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDTT vs. QLC — Risk / Return Rank
TDTT
QLC
TDTT vs. QLC - 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 FlexShares US Quality Large Cap Index Fund (QLC). 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 | QLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.48 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 3.76 | +1.41 |
| Martin ratioReturn relative to average drawdown | 16.59 | 17.59 | -1.00 |
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 | QLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.69 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.91 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.81 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.80 | -0.10 |
Drawdowns
TDTT vs. QLC - Drawdown Comparison
The maximum TDTT drawdown since its inception was -6.97%, smaller than the maximum QLC drawdown of -35.86%. Use the drawdown chart below to compare losses from any high point for TDTT and QLC.
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Drawdown Indicators
| TDTT | QLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -35.86% | +28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -8.84% | +7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -18.49% | +16.96% |
Max Drawdown (5Y)Largest decline over 5 years | -6.97% | -23.81% | +16.84% |
Max Drawdown (10Y)Largest decline over 10 years | -6.97% | -35.86% | +28.89% |
Current DrawdownCurrent decline from peak | -0.14% | -0.74% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -4.54% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 1.89% | -1.61% |
Volatility
TDTT vs. QLC - Volatility Comparison
The current volatility for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is 0.46%, while FlexShares US Quality Large Cap Index Fund (QLC) has a volatility of 2.94%. This indicates that TDTT experiences smaller price fluctuations and is considered to be less risky than QLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDTT | QLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 2.94% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 9.51% | -8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 12.38% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 16.82% | -13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 18.42% | -15.04% |
TDTT vs. QLC - Expense Ratio Comparison
TDTT has a 0.18% expense ratio, which is lower than QLC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TDTT vs. QLC - Dividend Comparison
TDTT's dividend yield for the trailing twelve months is around 4.54%, more than QLC's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLC FlexShares US Quality Large Cap Index Fund | 0.88% | 0.94% | 1.03% | 1.26% | 1.46% | 0.96% | 1.40% | 1.91% | 1.82% | 1.29% | 1.80% | 0.64% |
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% | 0.00% |
Frequently Asked Questions
TDTT and QLC have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLC has higher volatility (2.94%) compared to TDTT (0.46%). In terms of maximum drawdown, TDTT dropped -6.97% vs QLC's -35.86%.
On 10-year performance, QLC leads with 14.83% vs 3.11% for TDTT. On fees, TDTT is cheaper at 0.18% per year. On volatility, TDTT has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QLC has performed better with a 14.83% return vs 3.11%. 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 0.25% for QLC.
TDTT has the higher dividend yield at 4.54%, compared with 0.88% for QLC.
TDTT is categorized as Inflation-Protected Bonds, while QLC is Large Cap Blend Equities. TDTT tracks iBoxx 3-Year Target Duration TIPS, while QLC tracks Northern Trust Quality Large Cap Index. Their fees differ too: 0.18% for TDTT and 0.25% for QLC.
QLC currently has the higher Sharpe Ratio (2.69 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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