TLTE vs. TLT
Compare and contrast key facts about FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and iShares 20+ Year Treasury Bond ETF (TLT).
TLTE and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both TLTE and TLT 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 TLT.
Key characteristics
| TLTE | TLT | |
|---|---|---|
| YTD Return | 5.24% | -6.14% |
| 1Y Return | 11.53% | 4.03% |
| 3Y Return (Ann) | -1.33% | -12.58% |
| 5Y Return (Ann) | 4.29% | -5.92% |
| 10Y Return (Ann) | 3.25% | -0.37% |
| Sharpe Ratio | 1.00 | 0.43 |
| Sortino Ratio | 1.45 | 0.70 |
| Omega Ratio | 1.18 | 1.08 |
| Calmar Ratio | 0.75 | 0.14 |
| Martin Ratio | 5.10 | 1.05 |
| Ulcer Index | 2.79% | 6.10% |
| Daily Std Dev | 14.29% | 15.01% |
| Max Drawdown | -44.21% | -48.35% |
| Current Drawdown | -9.57% | -41.52% |
Correlation
The correlation between TLTE and TLT is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TLTE vs. TLT - Performance Comparison
In the year-to-date period, TLTE achieves a 5.24% return, which is significantly higher than TLT's -6.14% return. Over the past 10 years, TLTE has outperformed TLT with an annualized return of 3.25%, while TLT has yielded a comparatively lower -0.37% 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. TLT - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
TLTE vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 2.77%, less than TLT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 2.77% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
TLT iShares 20+ Year Treasury Bond ETF | 4.10% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
TLTE vs. TLT - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TLTE and TLT. For additional features, visit the drawdowns tool.
Volatility
TLTE vs. TLT - Volatility Comparison
The current volatility for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) is 4.65%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.07%. This indicates that TLTE experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.