TLTD vs. TLTE
Compare and contrast key facts about FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE).
TLTD and TLTE 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. TLTE is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Emerging Markets Factor Tilt Index. It was launched on Sep 28, 2012. Both TLTD and TLTE 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: TLTD or TLTE.
Key characteristics
| TLTD | TLTE | |
|---|---|---|
| YTD Return | 4.76% | 5.24% |
| 1Y Return | 12.98% | 11.53% |
| 3Y Return (Ann) | 1.41% | -1.33% |
| 5Y Return (Ann) | 5.21% | 4.29% |
| 10Y Return (Ann) | 4.79% | 3.25% |
| Sharpe Ratio | 1.23 | 1.00 |
| Sortino Ratio | 1.76 | 1.45 |
| Omega Ratio | 1.22 | 1.18 |
| Calmar Ratio | 1.69 | 0.75 |
| Martin Ratio | 6.69 | 5.10 |
| Ulcer Index | 2.39% | 2.79% |
| Daily Std Dev | 13.03% | 14.29% |
| Max Drawdown | -40.62% | -44.21% |
| Current Drawdown | -7.45% | -9.57% |
Correlation
The correlation between TLTD and TLTE 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.
Performance
TLTD vs. TLTE - Performance Comparison
In the year-to-date period, TLTD achieves a 4.76% return, which is significantly lower than TLTE's 5.24% return. Over the past 10 years, TLTD has outperformed TLTE with an annualized return of 4.79%, while TLTE has yielded a comparatively lower 3.25% annualized 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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TLTD vs. TLTE - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is lower than TLTE's 0.59% expense ratio.
Risk-Adjusted Performance
TLTD vs. TLTE - 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 FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE). 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. TLTE - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.60%, more than TLTE's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.60% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% | 3.14% | 1.14% |
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 2.77% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
Drawdowns
TLTD vs. TLTE - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, smaller than the maximum TLTE drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for TLTD and TLTE. For additional features, visit the drawdowns tool.
Volatility
TLTD vs. TLTE - Volatility Comparison
The current volatility for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) is 3.66%, while FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a volatility of 4.65%. This indicates that TLTD experiences smaller price fluctuations and is considered to be less risky than TLTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.