TLTD vs. VYMI

Last updated Jun 4, 2026

TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, TLTD returned 9.50%/yr vs 10.49%/yr for VYMI. Their correlation of 0.94 suggests significant overlap in exposure. TLTD charges 0.39%/yr vs 0.07%/yr for VYMI.

Performance

TLTD vs. VYMI - 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 Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTD achieves a 8.45% return, which is significantly lower than VYMI's 11.31% return. Over the past 10 years, TLTD has underperformed VYMI with an annualized return of 9.50%, while VYMI has yielded a comparatively higher 10.49% annualized return.

TLTD

• 1D: -0.79%
• 1M: 2.60%
• YTD: 8.45%
• 6M: 11.89%
• 1Y: 26.70%
• 3Y*: 19.83%
• 5Y*: 9.51%
• 10Y*: 9.50%

VYMI

• 1D: -1.01%
• 1M: 2.05%
• YTD: 11.31%
• 6M: 14.77%
• 1Y: 30.23%
• 3Y*: 21.88%
• 5Y*: 11.95%
• 10Y*: 10.49%

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

TLTD vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt	8.45%	39.69%	4.78%	17.19%	-13.74%	12.84%	4.21%	21.26%	-17.57%	26.27%
VYMI Vanguard International High Dividend Yield ETF	11.31%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	22.36%

Correlation

The correlation between TLTD and VYMI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 3, 2016	0.94

The correlation between TLTD and VYMI has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

TLTD vs. VYMI - Sectors Allocation Comparison

Sectors	TLTD	VYMI
Financial Services	32.7%	41.9%
Industrials	13.5%	6.6%
Technology	10.3%	4.3%
Energy	7.7%	9.5%
Basic Materials	7.4%	6.8%
Consumer Cyclical	5.6%	6.5%
Healthcare	4.2%	6.6%
Consumer Defensive	3.5%	7.0%
Utilities	3.3%	5.6%
Communication Services	2.0%	4.0%
Real Estate	0.9%	1.3%

Return for Risk

TLTD vs. VYMI — Risk / Return Rank

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

TLTD

TLTD Risk / Return Rank: 51
TLTD Sharpe Ratio Rank: 54
TLTD Sortino Ratio Rank: 53
TLTD Omega Ratio Rank: 53
TLTD Calmar Ratio Rank: 45
TLTD Martin Ratio Rank: 50

VYMI

VYMI Risk / Return Rank: 66
VYMI Sharpe Ratio Rank: 70
VYMI Sortino Ratio Rank: 68
VYMI Omega Ratio Rank: 69
VYMI Calmar Ratio Rank: 59
VYMI Martin Ratio Rank: 64

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. VYMI - 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 International High Dividend Yield ETF (VYMI). 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	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.35	-0.49
Sortino ratio: Return per unit of downside risk	2.60	3.20	-0.60
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	2.21	2.99	-0.78
Martin ratio: Return relative to average drawdown	8.49	11.80	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLTD vs. VYMI - Sharpe Ratio Comparison

The current TLTD Sharpe Ratio is 1.86, which is comparable to the VYMI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of TLTD and VYMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TLTD	VYMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.35	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.81	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.62	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.65	-0.13

Drawdowns

TLTD vs. VYMI - Drawdown Comparison

The maximum TLTD drawdown since its inception was -40.62%, roughly equal to the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for TLTD and VYMI.

Drawdown Indicators

	TLTD	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-40.00%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-10.14%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.10%	-12.84%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-28.96%	-24.05%	-4.91%
Max Drawdown (10Y) Largest decline over 10 years	-40.62%	-40.00%	-0.62%
Current Drawdown Current decline from peak	-2.35%	-1.40%	-0.95%
Average Drawdown Average peak-to-trough decline	-7.68%	-6.31%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.57%	+0.58%

Volatility

TLTD vs. VYMI - Volatility Comparison

FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a higher volatility of 4.34% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.04%. This indicates that TLTD's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTD	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.04%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	10.73%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	12.94%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	14.84%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	16.87%	-0.06%

TLTD vs. VYMI - Expense Ratio Comparison

TLTD has a 0.39% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

TLTD vs. VYMI - Dividend Comparison

TLTD's dividend yield for the trailing twelve months is around 3.08%, less than VYMI's 3.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt	3.08%	3.44%	3.88%	3.39%	2.76%	3.44%	2.04%	3.46%	3.16%	2.71%	2.93%	2.56%
VYMI Vanguard International High Dividend Yield ETF	3.44%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%	0.00%

Frequently Asked Questions

Can I hold both TLTD and VYMI in my portfolio?

With a correlation of 0.94, TLTD and VYMI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TLTD or VYMI?

TLTD has higher volatility (4.34%) compared to VYMI (4.04%). In terms of maximum drawdown, TLTD dropped -40.62% vs VYMI's -40.00%.

Which ETF is better, TLTD or VYMI?

On 10-year performance, VYMI leads with 10.49% vs 9.50% for TLTD. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTD or VYMI?

Over the 10-year period, VYMI has performed better with a 10.49% return vs 9.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTD or VYMI?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.39% for TLTD.

Which ETF pays a higher dividend yield, TLTD or VYMI?

VYMI has the higher dividend yield at 3.44%, compared with 3.08% for TLTD.

What is the main difference between TLTD and VYMI?

TLTD is categorized as Global Equities, while VYMI is Dividend. TLTD tracks Morningstar Developed Markets ex-US Factor Tilt Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: Northern Trust and Vanguard. Their fees differ too: 0.39% for TLTD and 0.07% for VYMI.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.35 vs 1.86), 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.