TILT vs. SPY
Compare and contrast key facts about FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and SPDR S&P 500 ETF (SPY).
TILT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TILT is a passively managed fund by Northern Trust that tracks the performance of the Morningstar US Market Factor Tilt Index. It was launched on Sep 16, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TILT and SPY 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: TILT or SPY.
Correlation
The correlation between TILT and SPY is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TILT vs. SPY - Performance Comparison
Key characteristics
TILT:
1.50
SPY:
1.90
TILT:
2.06
SPY:
2.54
TILT:
1.27
SPY:
1.35
TILT:
2.39
SPY:
2.86
TILT:
8.74
SPY:
12.22
TILT:
2.27%
SPY:
1.97%
TILT:
13.24%
SPY:
12.69%
TILT:
-38.45%
SPY:
-55.19%
TILT:
-5.49%
SPY:
-4.17%
Returns By Period
In the year-to-date period, TILT achieves a -0.89% return, which is significantly higher than SPY's -0.95% return. Over the past 10 years, TILT has underperformed SPY with an annualized return of 11.49%, while SPY has yielded a comparatively higher 13.11% annualized return.
TILT
-0.89%
-5.00%
4.56%
19.63%
12.62%
11.49%
SPY
-0.95%
-4.12%
4.33%
23.43%
14.00%
13.11%
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TILT vs. SPY - Expense Ratio Comparison
TILT has a 0.25% expense ratio, which is higher than SPY's 0.09% 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
TILT vs. SPY — Risk-Adjusted Performance Rank
TILT
SPY
TILT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and SPDR S&P 500 ETF (SPY). 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
TILT vs. SPY - Dividend Comparison
TILT's dividend yield for the trailing twelve months is around 1.24%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 1.24% | 1.23% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% | 1.33% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TILT vs. SPY - Drawdown Comparison
The maximum TILT drawdown since its inception was -38.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TILT and SPY. For additional features, visit the drawdowns tool.
Volatility
TILT vs. SPY - Volatility Comparison
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and SPDR S&P 500 ETF (SPY) have volatilities of 4.49% and 4.69%, 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.