TLTD vs. MP
Compare and contrast key facts about FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and MP Materials Corp. (MP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLTD or MP.
Key characteristics
| TLTD | MP | |
|---|---|---|
| YTD Return | 6.99% | 2.82% |
| 1Y Return | 18.72% | 36.61% |
| 3Y Return (Ann) | 2.13% | -24.05% |
| Sharpe Ratio | 1.49 | 0.59 |
| Sortino Ratio | 2.11 | 1.24 |
| Omega Ratio | 1.26 | 1.15 |
| Calmar Ratio | 1.68 | 0.41 |
| Martin Ratio | 8.38 | 1.34 |
| Ulcer Index | 2.30% | 25.11% |
| Daily Std Dev | 12.94% | 56.78% |
| Max Drawdown | -40.62% | -81.99% |
| Current Drawdown | -5.49% | -64.97% |
Correlation
The correlation between TLTD and MP is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TLTD vs. MP - Performance Comparison
In the year-to-date period, TLTD achieves a 6.99% return, which is significantly higher than MP's 2.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TLTD vs. MP - Risk-Adjusted Performance 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.
Dividends
TLTD vs. MP - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.53%, while MP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.53% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% | 3.14% | 1.14% |
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% |
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. For additional features, visit the drawdowns tool.
Volatility
TLTD vs. MP - Volatility Comparison
The current volatility for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) is 3.53%, while MP Materials Corp. (MP) has a volatility of 13.50%. 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.