TDTT vs. TLH
Compare and contrast key facts about FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and iShares 10-20 Year Treasury Bond ETF (TLH).
TDTT and TLH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDTT is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 3-Year Target Duration TIPS. It was launched on Sep 19, 2011. TLH is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 10-20 Year Treasury Bond Index. It was launched on Jan 11, 2007. Both TDTT and TLH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TDTT or TLH.
Key characteristics
| TDTT | TLH | |
|---|---|---|
| YTD Return | 3.89% | -2.59% |
| 1Y Return | 6.50% | 8.47% |
| 3Y Return (Ann) | 1.09% | -8.68% |
| 5Y Return (Ann) | 3.32% | -4.22% |
| 10Y Return (Ann) | 2.28% | -0.18% |
| Sharpe Ratio | 2.22 | 0.69 |
| Sortino Ratio | 3.64 | 1.05 |
| Omega Ratio | 1.46 | 1.12 |
| Calmar Ratio | 1.59 | 0.22 |
| Martin Ratio | 14.07 | 1.92 |
| Ulcer Index | 0.46% | 4.41% |
| Daily Std Dev | 2.93% | 12.21% |
| Max Drawdown | -6.97% | -41.14% |
| Current Drawdown | -1.30% | -32.63% |
Correlation
The correlation between TDTT and TLH is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TDTT vs. TLH - Performance Comparison
In the year-to-date period, TDTT achieves a 3.89% return, which is significantly higher than TLH's -2.59% return. Over the past 10 years, TDTT has outperformed TLH with an annualized return of 2.28%, while TLH has yielded a comparatively lower -0.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TDTT vs. TLH - Expense Ratio Comparison
TDTT has a 0.18% expense ratio, which is higher than TLH'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%.
Risk-Adjusted Performance
TDTT vs. TLH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and iShares 10-20 Year Treasury Bond ETF (TLH). 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.
Dividends
TDTT vs. TLH - Dividend Comparison
TDTT's dividend yield for the trailing twelve months is around 3.84%, less than TLH's 4.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 3.84% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
TLH iShares 10-20 Year Treasury Bond ETF | 4.19% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% | 2.12% | 2.41% |
Drawdowns
TDTT vs. TLH - Drawdown Comparison
The maximum TDTT drawdown since its inception was -6.97%, smaller than the maximum TLH drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for TDTT and TLH. For additional features, visit the drawdowns tool.
Volatility
TDTT vs. TLH - Volatility Comparison
The current volatility for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is 0.58%, while iShares 10-20 Year Treasury Bond ETF (TLH) has a volatility of 4.08%. This indicates that TDTT experiences smaller price fluctuations and is considered to be less risky than TLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.