TLTE vs. TDTT
Compare and contrast key facts about FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT).
TLTE and TDTT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLTE is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Emerging Markets Factor Tilt Index. It was launched on Sep 28, 2012. TDTT is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 3-Year Target Duration TIPS. It was launched on Sep 19, 2011. Both TLTE and TDTT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLTE or TDTT.
Key characteristics
| TLTE | TDTT | |
|---|---|---|
| YTD Return | 8.80% | 4.24% |
| 1Y Return | 18.91% | 6.83% |
| 3Y Return (Ann) | 0.04% | 1.22% |
| 5Y Return (Ann) | 4.71% | 3.41% |
| 10Y Return (Ann) | 3.58% | 2.33% |
| Sharpe Ratio | 1.25 | 2.17 |
| Sortino Ratio | 1.78 | 3.53 |
| Omega Ratio | 1.23 | 1.45 |
| Calmar Ratio | 0.83 | 1.56 |
| Martin Ratio | 6.67 | 14.23 |
| Ulcer Index | 2.66% | 0.45% |
| Daily Std Dev | 14.18% | 2.95% |
| Max Drawdown | -44.21% | -6.97% |
| Current Drawdown | -6.52% | -0.96% |
Correlation
The correlation between TLTE and TDTT is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TLTE vs. TDTT - Performance Comparison
In the year-to-date period, TLTE achieves a 8.80% return, which is significantly higher than TDTT's 4.24% return. Over the past 10 years, TLTE has outperformed TDTT with an annualized return of 3.58%, while TDTT has yielded a comparatively lower 2.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TLTE vs. TDTT - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than TDTT's 0.18% expense ratio.
Risk-Adjusted Performance
TLTE vs. TDTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). 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.
Dividends
TLTE vs. TDTT - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 2.68%, less than TDTT's 3.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 2.68% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 3.82% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
Drawdowns
TLTE vs. TDTT - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for TLTE and TDTT. For additional features, visit the drawdowns tool.
Volatility
TLTE vs. TDTT - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 4.63% compared to FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) at 0.54%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.