TLTE vs. IFLO

Last updated Jun 26, 2026

TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, TLTE returned 37.50% vs 32.28% for IFLO. A 0.71 correlation means they provide meaningful diversification when combined. TLTE charges 0.59%/yr vs 0.56%/yr for IFLO.

Performance

TLTE vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTE achieves a 21.06% return, which is significantly higher than IFLO's 16.93% return.

TLTE

• 1D: 0.85%
• 1M: -1.94%
• YTD: 21.06%
• 6M: 21.52%
• 1Y: 37.50%
• 3Y*: 21.24%
• 5Y*: 7.30%
• 10Y*: 9.71%

IFLO

• 1D: 0.43%
• 1M: -1.62%
• YTD: 16.93%
• 6M: 16.46%
• 1Y: 32.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTE vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index	21.06%	13.58%
IFLO VictoryShares International Free Cash Flow ETF	16.93%	13.12%

Correlation

The correlation between TLTE and IFLO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.71

TLTE vs. IFLO - Sectors Allocation Comparison

Sectors	TLTE	IFLO
Technology	33.5%	21.5%
Financial Services	17.7%	1.1%
Industrials	10.5%	18.1%
Consumer Cyclical	9.9%	13.8%
Basic Materials	7.0%	11.3%
Communication Services	4.2%	6.7%
Real Estate	4.1%	0.0%
Consumer Defensive	3.7%	2.8%
Energy	3.7%	12.1%
Utilities	2.9%	1.0%
Healthcare	2.8%	11.7%

Return for Risk

TLTE vs. IFLO — Risk / Return Rank

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

TLTE

TLTE Risk / Return Rank: 64
TLTE Sharpe Ratio Rank: 62
TLTE Sortino Ratio Rank: 56
TLTE Omega Ratio Rank: 67
TLTE Calmar Ratio Rank: 67
TLTE Martin Ratio Rank: 68

IFLO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TLTE vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	TLTE	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.89	—	—
Martin ratio: Return relative to average drawdown	10.81	—	—

Drawdowns

TLTE vs. IFLO - Drawdown Comparison

The maximum TLTE drawdown since its inception was -44.21%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for TLTE and IFLO.

Drawdown Indicators

	TLTE	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-6.44%	-37.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-6.44%	-6.60%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.21%	—	—
Current Drawdown Current decline from peak	-4.32%	-3.37%	-0.95%
Average Drawdown Average peak-to-trough decline	-12.11%	-1.25%	-10.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	—	—

Volatility

Volatility by Period

	TLTE	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	14.75%	+6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	14.75%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	14.75%	+3.84%

TLTE vs. IFLO - Expense Ratio Comparison

TLTE has a 0.59% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

TLTE vs. IFLO - Dividend Comparison

TLTE's dividend yield for the trailing twelve months is around 3.23%, more than IFLO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFLO VictoryShares International Free Cash Flow ETF	1.51%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index	3.23%	3.76%	3.73%	4.03%	4.42%	3.21%	1.95%	3.23%	3.02%	2.12%	2.30%	2.00%

Frequently Asked Questions

Can I hold both TLTE and IFLO in my portfolio?

TLTE and IFLO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLTE or IFLO?

On 1-year performance, TLTE leads with 37.50% vs 32.28% for IFLO. On fees, IFLO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTE or IFLO?

Over the 1-year period, TLTE has performed better with a 37.50% return vs 32.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTE or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.59% for TLTE.

Which ETF pays a higher dividend yield, TLTE or IFLO?

TLTE has the higher dividend yield at 3.23%, compared with 1.51% for IFLO.

What is the main difference between TLTE and IFLO?

They also come from different issuers: Northern Trust and VictoryShares. Their fees differ too: 0.59% for TLTE and 0.56% for IFLO.