TDTT vs. TLTE
Compare and contrast key facts about FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) and FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE).
TDTT and TLTE 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. TLTE is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Emerging Markets Factor Tilt Index. It was launched on Sep 28, 2012. Both TDTT and TLTE 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 TLTE.
Key characteristics
| TDTT | TLTE | |
|---|---|---|
| YTD Return | 4.24% | 8.80% |
| 1Y Return | 6.83% | 18.91% |
| 3Y Return (Ann) | 1.22% | 0.04% |
| 5Y Return (Ann) | 3.41% | 4.71% |
| 10Y Return (Ann) | 2.33% | 3.58% |
| Sharpe Ratio | 2.17 | 1.25 |
| Sortino Ratio | 3.53 | 1.78 |
| Omega Ratio | 1.45 | 1.23 |
| Calmar Ratio | 1.56 | 0.83 |
| Martin Ratio | 14.23 | 6.67 |
| Ulcer Index | 0.45% | 2.66% |
| Daily Std Dev | 2.95% | 14.18% |
| Max Drawdown | -6.97% | -44.21% |
| Current Drawdown | -0.96% | -6.52% |
Correlation
The correlation between TDTT and TLTE is 0.12, 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.
Performance
TDTT vs. TLTE - Performance Comparison
In the year-to-date period, TDTT achieves a 4.24% return, which is significantly lower than TLTE's 8.80% return. Over the past 10 years, TDTT has underperformed TLTE with an annualized return of 2.33%, while TLTE has yielded a comparatively higher 3.58% 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. TLTE - Expense Ratio Comparison
TDTT has a 0.18% expense ratio, which is lower than TLTE's 0.59% expense ratio.
Risk-Adjusted Performance
TDTT vs. TLTE - 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 FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE). 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. TLTE - Dividend Comparison
TDTT's dividend yield for the trailing twelve months is around 3.82%, more than TLTE's 2.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 3.82% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 2.68% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
Drawdowns
TDTT vs. TLTE - Drawdown Comparison
The maximum TDTT drawdown since its inception was -6.97%, smaller than the maximum TLTE drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for TDTT and TLTE. For additional features, visit the drawdowns tool.
Volatility
TDTT vs. TLTE - Volatility Comparison
The current volatility for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is 0.54%, while FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a volatility of 4.63%. This indicates that TDTT experiences smaller price fluctuations and is considered to be less risky than TLTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.