TLTD vs. MP

Last updated Jun 26, 2026

TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) is Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index, while MP (MP Materials Corp.) is a stock. Over the past 5 years, TLTD returned 9.56%/yr vs 9.86%/yr for MP. At a 0.41 correlation, their price movements are largely independent.

Performance

TLTD vs. MP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and MP Materials Corp. (MP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTD achieves a 7.08% return, which is significantly lower than MP's 10.10% return.

TLTD

• 1D: 0.35%
• 1M: -2.32%
• YTD: 7.08%
• 6M: 6.51%
• 1Y: 24.38%
• 3Y*: 19.60%
• 5Y*: 9.56%
• 10Y*: 10.42%

MP

• 1D: -1.57%
• 1M: -16.97%
• YTD: 10.10%
• 6M: 1.98%
• 1Y: 57.12%
• 3Y*: 37.43%
• 5Y*: 9.86%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLTD vs. MP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt	7.08%	39.69%	4.78%	17.19%	-13.74%	12.84%	23.67%
MP MP Materials Corp.	10.10%	223.85%	-21.41%	-18.25%	-46.54%	41.19%	224.95%

Correlation

The correlation between TLTD and MP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 22, 2020	0.41

The correlation between TLTD and MP shifts across timeframes, from 0.23 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TLTD vs. MP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLTD

TLTD Risk / Return Rank: 52
TLTD Sharpe Ratio Rank: 55
TLTD Sortino Ratio Rank: 55
TLTD Omega Ratio Rank: 54
TLTD Calmar Ratio Rank: 46
TLTD Martin Ratio Rank: 50

MP

MP Risk / Return Rank: 66
MP Sharpe Ratio Rank: 64
MP Sortino Ratio Rank: 71
MP Omega Ratio Rank: 67
MP Calmar Ratio Rank: 65
MP Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLTD vs. MP - 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 MP Materials Corp. (MP). 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.

	TLTD	MP	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.63	+1.02
Sortino ratio: Return per unit of downside risk	2.33	1.68	+0.65
Omega ratio: Gain probability vs. loss probability	1.30	1.19	+0.11
Calmar ratio: Return relative to maximum drawdown	2.02	1.07	+0.96
Martin ratio: Return relative to average drawdown	7.58	1.74	+5.84

TLTD vs. MP - Sharpe Ratio Comparison

The current TLTD Sharpe Ratio is 1.65, which is higher than the MP Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of TLTD and MP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TLTD vs. MP - Drawdown Comparison

The maximum TLTD drawdown since its inception was -40.62%, smaller than the maximum MP drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for TLTD and MP.

Drawdown Indicators

	TLTD	MP	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-81.99%	+41.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-53.79%	+41.68%
Max Drawdown (3Y) Largest decline over 3 years	-13.10%	-59.47%	+46.37%
Max Drawdown (5Y) Largest decline over 5 years	-28.96%	-81.99%	+53.03%
Max Drawdown (10Y) Largest decline over 10 years	-40.62%	—	—
Current Drawdown Current decline from peak	-3.59%	-43.62%	+40.03%
Average Drawdown Average peak-to-trough decline	-7.66%	-42.58%	+34.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	32.90%	-29.67%

Volatility

TLTD vs. MP - Volatility Comparison

The current volatility for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) is 4.46%, while MP Materials Corp. (MP) has a volatility of 20.13%. This indicates that TLTD experiences smaller price fluctuations and is considered to be less risky than MP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTD	MP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	20.13%	-15.67%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	51.47%	-38.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	91.66%	-76.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	69.61%	-53.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	72.55%	-55.97%

Dividends

TLTD vs. MP - Dividend Comparison

TLTD's dividend yield for the trailing twelve months is around 3.42%, while MP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MP MP Materials Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt	3.42%	3.44%	3.88%	3.39%	2.76%	3.44%	2.04%	3.46%	3.16%	2.71%	2.93%	2.56%

Frequently Asked Questions

Can I hold both TLTD and MP in my portfolio?

TLTD and MP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLTD or MP?

MP has higher volatility (20.13%) compared to TLTD (4.46%). In terms of maximum drawdown, TLTD dropped -40.62% vs MP's -81.99%.

Which has better risk-adjusted returns?

TLTD currently has the higher Sharpe Ratio (1.65 vs 0.63), 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.