TILT vs. ESN
TILT (FlexShares Morningstar US Market Factor Tilt Index Fund) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds - TILT tracks the Morningstar US Market Factor Tilt Index while ESN tracks the Essential 40 Stock Index. Both are passively managed. Over the past year, TILT returned 24.72% vs 27.64% for ESN. Their correlation of 0.83 means they have usually moved in the same direction. TILT charges 0.25%/yr vs 0.70%/yr for ESN.
Performance
TILT vs. ESN - Performance Comparison
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Returns By Period
In the year-to-date period, TILT achieves a 11.94% return, which is significantly lower than ESN's 16.65% return.
TILT
- 1D
- 0.48%
- 1M
- 0.57%
- 6M
- 9.63%
- YTD
- 11.94%
- 1Y
- 24.72%
- 3Y*
- 17.95%
- 5Y*
- 11.57%
- 10Y*
- 13.76%
- ALL TIME*
- 14.47%
ESN
- 1D
- 0.28%
- 1M
- -0.26%
- 6M
- 12.11%
- YTD
- 16.65%
- 1Y
- 27.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17M | $1.60M | $1.63M | |
| $630.91K | $1.40M | $1.78M |
TILT vs. ESN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 11.94% | 16.59% | -0.12% |
ESN Essential 40 Stock ETF | 16.65% | 16.52% | -3.53% |
Correlation
The correlation between TILT and ESN is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024 | 0.83 |
The correlation between TILT and ESN has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
TILT vs. ESN — Risk / Return Rank
TILT
ESN
TILT vs. ESN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and Essential 40 Stock ETF (ESN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TILT | ESN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.46 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 4.12 | -1.44 |
| Martin ratioReturn relative to average drawdown | 11.54 | 16.52 | -4.97 |
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Drawdowns
TILT vs. ESN - Drawdown Comparison
The maximum TILT drawdown since its inception was -38.46%, which is greater than ESN's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for TILT and ESN.
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Drawdown Indicators
| TILT | ESN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -13.60% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -6.42% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.46% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.53% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -1.81% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.60% | +0.37% |
Volatility
TILT vs. ESN - Volatility Comparison
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has a higher volatility of 3.08% compared to Essential 40 Stock ETF (ESN) at 2.65%. This indicates that TILT's price experiences larger fluctuations and is considered to be riskier than ESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TILT | ESN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.65% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 7.51% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 9.98% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 13.04% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 13.04% | +5.66% |
TILT vs. ESN - Expense Ratio Comparison
TILT has a 0.25% expense ratio, which is lower than ESN's 0.70% expense ratio.
Dividends
TILT vs. ESN - Dividend Comparison
TILT's dividend yield for the trailing twelve months is around 1.07%, more than ESN's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESN Essential 40 Stock ETF | 0.78% | 0.91% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 1.07% | 1.15% | 1.23% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% |
Frequently Asked Questions
TILT and ESN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILT has higher volatility (3.08%) compared to ESN (2.65%). In terms of maximum drawdown, TILT dropped -38.46% vs ESN's -13.60%.
On 1-year performance, ESN leads with 27.64% vs 24.72% for TILT. On fees, TILT is cheaper at 0.25% per year. On volatility, ESN has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ESN has performed better with a 27.64% return vs 24.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TILT is cheaper with a 0.25% expense ratio, compared with 0.70% for ESN.
TILT has the higher dividend yield at 1.07%, compared with 0.78% for ESN.
TILT tracks Morningstar US Market Factor Tilt Index, while ESN tracks Essential 40 Stock Index. They also come from different issuers: FlexShares and KKM. Their fees differ too: 0.25% for TILT and 0.70% for ESN.
ESN currently has the higher Sharpe Ratio (2.65 vs 1.79), 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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