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TLTE vs. TLTD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TLTE and TLTD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

TLTE vs. TLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-0.39%
-1.27%
TLTE
TLTD

Key characteristics

Sharpe Ratio

TLTE:

0.45

TLTD:

0.40

Sortino Ratio

TLTE:

0.71

TLTD:

0.62

Omega Ratio

TLTE:

1.09

TLTD:

1.08

Calmar Ratio

TLTE:

0.35

TLTD:

0.53

Martin Ratio

TLTE:

1.71

TLTD:

1.63

Ulcer Index

TLTE:

3.76%

TLTD:

3.11%

Daily Std Dev

TLTE:

14.14%

TLTD:

12.82%

Max Drawdown

TLTE:

-44.21%

TLTD:

-40.62%

Current Drawdown

TLTE:

-10.22%

TLTD:

-9.62%

Returns By Period

In the year-to-date period, TLTE achieves a 4.49% return, which is significantly higher than TLTD's 2.31% return. Over the past 10 years, TLTE has underperformed TLTD with an annualized return of 3.60%, while TLTD has yielded a comparatively higher 4.68% annualized return.


TLTE

YTD

4.49%

1M

-1.49%

6M

-0.32%

1Y

8.02%

5Y*

3.23%

10Y*

3.60%

TLTD

YTD

2.31%

1M

-2.89%

6M

-2.03%

1Y

5.09%

5Y*

4.16%

10Y*

4.68%

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TLTE vs. TLTD - Expense Ratio Comparison

TLTE has a 0.59% expense ratio, which is higher than TLTD's 0.39% expense ratio.


TLTE
FlexShares Morningstar Emerging Markets Factor Tilt Index
Expense ratio chart for TLTE: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for TLTD: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Risk-Adjusted Performance

TLTE vs. TLTD - 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 Morningstar Developed Markets ex-US Factor Tilt (TLTD). 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.


Sharpe ratio
The chart of Sharpe ratio for TLTE, currently valued at 0.57, compared to the broader market0.002.004.000.570.40
The chart of Sortino ratio for TLTE, currently valued at 0.87, compared to the broader market-2.000.002.004.006.008.0010.000.870.62
The chart of Omega ratio for TLTE, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.001.111.08
The chart of Calmar ratio for TLTE, currently valued at 0.44, compared to the broader market0.005.0010.0015.000.440.53
The chart of Martin ratio for TLTE, currently valued at 2.11, compared to the broader market0.0020.0040.0060.0080.00100.002.111.63
TLTE
TLTD

The current TLTE Sharpe Ratio is 0.45, which is comparable to the TLTD Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of TLTE and TLTD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.57
0.40
TLTE
TLTD

Dividends

TLTE vs. TLTD - Dividend Comparison

TLTE's dividend yield for the trailing twelve months is around 0.53%, less than TLTD's 2.41% yield.


TTM20232022202120202019201820172016201520142013
TLTE
FlexShares Morningstar Emerging Markets Factor Tilt Index
0.53%4.03%4.42%3.21%1.95%3.22%3.02%2.12%2.30%2.00%2.06%0.83%
TLTD
FlexShares Morningstar Developed Markets ex-US Factor Tilt
2.41%3.39%2.76%3.44%2.04%3.46%3.16%2.71%2.93%2.56%3.14%1.14%

Drawdowns

TLTE vs. TLTD - Drawdown Comparison

The maximum TLTE drawdown since its inception was -44.21%, which is greater than TLTD's maximum drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for TLTE and TLTD. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-10.22%
-9.62%
TLTE
TLTD

Volatility

TLTE vs. TLTD - Volatility Comparison

The current volatility for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) is 3.43%, while FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a volatility of 3.72%. This indicates that TLTE experiences smaller price fluctuations and is considered to be less risky than TLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
3.43%
3.72%
TLTE
TLTD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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