TILT vs. SPYV
Compare and contrast key facts about FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and SPDR Portfolio S&P 500 Value ETF (SPYV).
TILT and SPYV 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. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. Both TILT and SPYV 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 SPYV.
Correlation
The correlation between TILT and SPYV is 0.89, 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. SPYV - Performance Comparison
Key characteristics
TILT:
1.50
SPYV:
1.03
TILT:
2.06
SPYV:
1.50
TILT:
1.27
SPYV:
1.18
TILT:
2.39
SPYV:
1.30
TILT:
8.74
SPYV:
4.37
TILT:
2.27%
SPYV:
2.43%
TILT:
13.24%
SPYV:
10.29%
TILT:
-38.45%
SPYV:
-58.45%
TILT:
-5.49%
SPYV:
-8.16%
Returns By Period
In the year-to-date period, TILT achieves a -0.89% return, which is significantly higher than SPYV's -1.41% return. Over the past 10 years, TILT has outperformed SPYV with an annualized return of 11.49%, while SPYV has yielded a comparatively lower 10.08% annualized return.
TILT
-0.89%
-5.00%
4.56%
19.63%
12.62%
11.49%
SPYV
-1.41%
-5.05%
2.35%
10.95%
10.23%
10.08%
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TILT vs. SPYV - Expense Ratio Comparison
TILT has a 0.25% expense ratio, which is higher than SPYV's 0.04% 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. SPYV — Risk-Adjusted Performance Rank
TILT
SPYV
TILT vs. SPYV - 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 Portfolio S&P 500 Value ETF (SPYV). 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. SPYV - Dividend Comparison
TILT's dividend yield for the trailing twelve months is around 1.24%, less than SPYV's 2.32% 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% |
SPYV SPDR Portfolio S&P 500 Value ETF | 2.32% | 2.29% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% |
Drawdowns
TILT vs. SPYV - Drawdown Comparison
The maximum TILT drawdown since its inception was -38.45%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for TILT and SPYV. For additional features, visit the drawdowns tool.
Volatility
TILT vs. SPYV - Volatility Comparison
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has a higher volatility of 4.49% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 3.67%. This indicates that TILT's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.