TLTD vs. DFAI
Compare and contrast key facts about FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and Dimensional International Core Equity Market ETF (DFAI).
TLTD and DFAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLTD is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Developed Markets ex-US Factor Tilt Index. It was launched on Sep 28, 2012. DFAI is an actively managed fund by Dimensional. It was launched on Nov 17, 2020.
Performance
TLTD vs. DFAI - Performance Comparison
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TLTD vs. DFAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.35% | 39.69% | 4.78% | 17.19% | -13.74% | 12.84% | 6.73% |
DFAI Dimensional International Core Equity Market ETF | 4.03% | 34.04% | 4.68% | 17.60% | -12.95% | 13.86% | 6.13% |
Returns By Period
In the year-to-date period, TLTD achieves a 3.35% return, which is significantly lower than DFAI's 4.03% return.
TLTD
- 1D
- 1.82%
- 1M
- -4.87%
- YTD
- 3.35%
- 6M
- 9.02%
- 1Y
- 32.91%
- 3Y*
- 18.33%
- 5Y*
- 9.89%
- 10Y*
- 9.43%
DFAI
- 1D
- 1.49%
- 1M
- -4.63%
- YTD
- 4.03%
- 6M
- 9.10%
- 1Y
- 29.81%
- 3Y*
- 16.70%
- 5Y*
- 9.76%
- 10Y*
- —
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TLTD vs. DFAI - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is higher than DFAI's 0.18% expense ratio.
Return for Risk
TLTD vs. DFAI — Risk / Return Rank
TLTD
DFAI
TLTD vs. DFAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and Dimensional International Core Equity Market ETF (DFAI). 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.
| TLTD | DFAI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 1.79 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.58 | 2.44 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.74 | -0.05 |
Martin ratioReturn relative to average drawdown | 10.79 | 10.73 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLTD | DFAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.79 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.62 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.75 | -0.25 |
Correlation
The correlation between TLTD and DFAI is 0.98, 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.
Dividends
TLTD vs. DFAI - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.23%, more than DFAI's 2.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.23% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
DFAI Dimensional International Core Equity Market ETF | 2.37% | 2.45% | 2.72% | 2.64% | 2.72% | 2.06% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TLTD vs. DFAI - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, which is greater than DFAI's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for TLTD and DFAI.
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Drawdown Indicators
| TLTD | DFAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -27.44% | -13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -10.95% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -27.44% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | — | — |
Current DrawdownCurrent decline from peak | -6.95% | -6.23% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -5.21% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.79% | +0.23% |
Volatility
TLTD vs. DFAI - Volatility Comparison
FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and Dimensional International Core Equity Market ETF (DFAI) have volatilities of 7.17% and 6.97%, 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.
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Volatility by Period
| TLTD | DFAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 6.97% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 10.65% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 16.73% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 15.81% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 15.66% | +1.11% |