TLTD vs. INKM
Compare and contrast key facts about FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and SPDR SSgA Income Allocation ETF (INKM).
TLTD and INKM 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. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Performance
TLTD vs. INKM - Performance Comparison
Loading graphics...
TLTD vs. INKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.35% | 39.69% | 4.78% | 17.19% | -13.74% | 12.84% | 4.21% | 21.26% | -17.57% | 26.27% |
INKM SPDR SSgA Income Allocation ETF | 2.48% | 11.86% | 5.70% | 10.26% | -12.58% | 8.52% | 3.11% | 17.12% | -5.32% | 13.95% |
Returns By Period
In the year-to-date period, TLTD achieves a 3.35% return, which is significantly higher than INKM's 2.48% return. Over the past 10 years, TLTD has outperformed INKM with an annualized return of 9.43%, while INKM has yielded a comparatively lower 5.48% annualized 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%
INKM
- 1D
- 0.20%
- 1M
- -3.01%
- YTD
- 2.48%
- 6M
- 3.39%
- 1Y
- 10.75%
- 3Y*
- 8.82%
- 5Y*
- 4.13%
- 10Y*
- 5.48%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TLTD vs. INKM - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is lower than INKM's 0.50% expense ratio.
Return for Risk
TLTD vs. INKM — Risk / Return Rank
TLTD
INKM
TLTD vs. INKM - 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 SPDR SSgA Income Allocation ETF (INKM). 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 | INKM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 1.38 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.95 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.92 | +0.76 |
Martin ratioReturn relative to average drawdown | 10.79 | 8.53 | +2.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TLTD | INKM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.38 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.50 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.56 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.55 | -0.05 |
Correlation
The correlation between TLTD and INKM is 0.76, 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. INKM - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.23%, less than INKM's 5.01% 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% |
INKM SPDR SSgA Income Allocation ETF | 5.01% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
Drawdowns
TLTD vs. INKM - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, which is greater than INKM's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for TLTD and INKM.
Loading graphics...
Drawdown Indicators
| TLTD | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -28.58% | -12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -5.76% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -19.18% | -9.78% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -28.58% | -12.04% |
Current DrawdownCurrent decline from peak | -6.95% | -3.21% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -3.73% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.30% | +1.72% |
Volatility
TLTD vs. INKM - Volatility Comparison
FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a higher volatility of 7.17% compared to SPDR SSgA Income Allocation ETF (INKM) at 2.97%. This indicates that TLTD's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TLTD | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 2.97% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 4.62% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 7.83% | +9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 8.30% | +7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 9.77% | +7.00% |