TLTE vs. SVOL
TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - TLTE is a Foreign Large Cap Equities fund tracking the Morningstar Emerging Markets Factor Tilt Index, while SVOL is a Volatility fund actively managed by Simplify. TLTE is passively managed, while SVOL is actively managed. Over the past 5 years, TLTE returned 7.23%/yr vs 6.24%/yr for SVOL. A 0.52 correlation means they provide meaningful diversification when combined. TLTE charges 0.59%/yr vs 0.50%/yr for SVOL.
Performance
TLTE vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, TLTE achieves a 20.12% return, which is significantly higher than SVOL's -0.40% return.
TLTE
- 1D
- -5.06%
- 1M
- 0.90%
- YTD
- 20.12%
- 6M
- 20.98%
- 1Y
- 39.95%
- 3Y*
- 21.14%
- 5Y*
- 7.23%
- 10Y*
- 9.47%
SVOL
- 1D
- -1.35%
- 1M
- 0.75%
- YTD
- -0.40%
- 6M
- -0.86%
- 1Y
- 18.10%
- 3Y*
- 5.79%
- 5Y*
- 6.24%
- 10Y*
- —
TLTE vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 20.12% | 30.21% | 3.53% | 13.62% | -17.31% | -1.91% |
SVOL Simplify Volatility Premium ETF | -0.40% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between TLTE and SVOL is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.52 |
The correlation between TLTE and SVOL has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.
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Return for Risk
TLTE vs. SVOL — Risk / Return Rank
TLTE
SVOL
TLTE vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Simplify Volatility Premium ETF (SVOL). 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 | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.40 | +1.68 |
| Martin ratioReturn relative to average drawdown | 11.60 | 3.33 | +8.27 |
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Drawdowns
TLTE vs. SVOL - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for TLTE and SVOL.
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Drawdown Indicators
| TLTE | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -33.50% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -13.01% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -33.50% | +16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -32.65% | -33.50% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -5.06% | -2.98% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -4.75% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 5.44% | -1.99% |
Volatility
TLTE vs. SVOL - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 11.78% compared to Simplify Volatility Premium ETF (SVOL) at 4.40%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTE | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 4.40% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 10.20% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 20.52% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 22.02% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 21.88% | -3.28% |
TLTE vs. SVOL - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
TLTE vs. SVOL - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 3.26%, less than SVOL's 22.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.10% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 3.26% | 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 SVOL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTE has higher volatility (11.78%) compared to SVOL (4.40%). In terms of maximum drawdown, TLTE dropped -44.21% vs SVOL's -33.50%.
On 5-year performance, TLTE leads with 7.23% vs 6.24% for SVOL. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TLTE has performed better with a 7.23% return vs 6.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 0.59% for TLTE.
SVOL has the higher dividend yield at 22.10%, compared with 3.26% for TLTE.
TLTE is categorized as Foreign Large Cap Equities, while SVOL is Volatility. They also come from different issuers: Northern Trust and Simplify. Their fees differ too: 0.59% for TLTE and 0.50% for SVOL.
TLTE currently has the higher Sharpe Ratio (1.91 vs 0.89), 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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