TLTE vs. MP
TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) is Emerging Markets Equities fund tracking the Morningstar Emerging Markets Factor Tilt Index, while MP (MP Materials Corp.) is a stock. Over the past 5 years, TLTE returned 7.39%/yr vs 1.92%/yr for MP. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
TLTE vs. MP - Performance Comparison
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Returns By Period
In the year-to-date period, TLTE achieves a 14.67% return, which is significantly higher than MP's -18.11% return.
TLTE
- 1D
- -0.54%
- 1M
- -2.30%
- 6M
- 5.33%
- YTD
- 14.67%
- 1Y
- 29.30%
- 3Y*
- 16.74%
- 5Y*
- 7.39%
- 10Y*
- 8.02%
- ALL TIME*
- 5.45%
MP
- 1D
- -0.70%
- 1M
- -22.40%
- 6M
- -29.61%
- YTD
- -18.11%
- 1Y
- -35.04%
- 3Y*
- 21.47%
- 5Y*
- 1.92%
- 10Y*
- —
- ALL TIME*
- 26.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $269.01M | $254.79M | $346.46M | |
| $324.29K | $288.00K | $344.90K |
TLTE vs. MP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 14.67% | 30.21% | 3.53% | 13.62% | -17.31% | 4.79% | 31.05% |
MP MP Materials Corp. | -18.11% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 224.95% |
Correlation
The correlation between TLTE and MP is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2020 | 0.42 |
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Return for Risk
TLTE vs. MP — Risk / Return Rank
TLTE
MP
TLTE vs. MP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) 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.
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 | MP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.97 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | -0.54 | +2.73 |
| Martin ratioReturn relative to average drawdown | 6.73 | -0.90 | +7.63 |
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Drawdowns
TLTE vs. MP - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, smaller than the maximum MP drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for TLTE and MP.
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Drawdown Indicators
| TLTE | MP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -81.99% | +37.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -61.38% | +48.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -61.38% | +43.95% |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | -81.99% | +51.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -9.37% | -58.06% | +48.69% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -42.72% | +30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 36.61% | -32.36% |
Volatility
TLTE vs. MP - Volatility Comparison
The current volatility for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) is 8.33%, while MP Materials Corp. (MP) has a volatility of 20.22%. This indicates that TLTE 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.
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Volatility by Period
| TLTE | MP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 20.22% | -11.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.77% | 50.61% | -29.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 74.63% | -52.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.75% | 69.99% | -52.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 72.47% | -53.75% |
Dividends
TLTE vs. MP - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 3.41%, while MP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 3.41% | 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
TLTE and MP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (20.22%) compared to TLTE (8.33%). In terms of maximum drawdown, TLTE dropped -44.21% vs MP's -81.99%.
TLTE currently has the higher Sharpe Ratio (1.27 vs -0.44), 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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