TLTD vs. VIIGX
TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) and VIIGX (Vanguard Intermediate-Term Treasury Index Fund Institutional Shares) are both funds - TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index, while VIIGX is a Government Bonds fund managed by Vanguard. Over the past 10 years, TLTD returned 9.15%/yr vs 1.30%/yr for VIIGX. At a correlation of -0.07, they often move in opposite directions. TLTD charges 0.39%/yr vs 0.05%/yr for VIIGX.
Performance
TLTD vs. VIIGX - Performance Comparison
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Returns By Period
In the year-to-date period, TLTD achieves a 6.70% return, which is significantly higher than VIIGX's -0.35% return. Over the past 10 years, TLTD has outperformed VIIGX with an annualized return of 9.15%, while VIIGX has yielded a comparatively lower 1.30% annualized return.
TLTD
- 1D
- -2.26%
- 1M
- -2.59%
- YTD
- 6.70%
- 6M
- 9.88%
- 1Y
- 24.35%
- 3Y*
- 19.06%
- 5Y*
- 9.15%
- 10Y*
- 9.15%
VIIGX
- 1D
- 0.08%
- 1M
- -0.48%
- YTD
- -0.35%
- 6M
- -0.11%
- 1Y
- 3.41%
- 3Y*
- 3.53%
- 5Y*
- 0.12%
- 10Y*
- 1.30%
TLTD vs. VIIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 6.70% | 39.69% | 4.78% | 17.19% | -13.74% | 12.84% | 4.21% | 21.26% | -17.57% | 26.27% |
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | -0.35% | 7.38% | 1.62% | 4.39% | -10.65% | -2.38% | 7.65% | 6.32% | 1.36% | 1.60% |
Correlation
The correlation between TLTD and VIIGX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2012 | -0.07 |
The correlation between TLTD and VIIGX shifts across timeframes, from -0.07 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLTD vs. VIIGX — Risk / Return Rank
TLTD
VIIGX
TLTD vs. VIIGX - 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 Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX). 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 | VIIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.12 | +0.90 |
| Martin ratioReturn relative to average drawdown | 7.71 | 3.35 | +4.37 |
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 | VIIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.94 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.02 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.29 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.01 |
Drawdowns
TLTD vs. VIIGX - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, which is greater than VIIGX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for TLTD and VIIGX.
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Drawdown Indicators
| TLTD | VIIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -15.96% | -24.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -2.83% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.10% | -4.27% | -8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -15.09% | -13.87% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -15.96% | -24.66% |
Current DrawdownCurrent decline from peak | -3.93% | -1.95% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -3.42% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 0.95% | +2.21% |
Volatility
TLTD vs. VIIGX - Volatility Comparison
FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a higher volatility of 4.15% compared to Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) at 1.07%. This indicates that TLTD's price experiences larger fluctuations and is considered to be riskier than VIIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTD | VIIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 1.07% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 2.39% | +9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 3.42% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 5.34% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 4.45% | +12.37% |
TLTD vs. VIIGX - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is higher than VIIGX's 0.05% expense ratio.
Dividends
TLTD vs. VIIGX - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.13%, less than VIIGX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.13% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | 3.86% | 3.78% | 3.97% | 2.71% | 1.73% | 1.91% | 2.23% | 2.23% | 2.07% | 1.68% | 1.64% | 1.72% |
Frequently Asked Questions
TLTD and VIIGX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTD has higher volatility (4.15%) compared to VIIGX (1.07%). In terms of maximum drawdown, TLTD dropped -40.62% vs VIIGX's -15.96%.
TLTD currently has the higher Sharpe Ratio (1.67 vs 0.94), 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.
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