TLTE vs. TLTD
Compare and contrast key facts about FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD).
TLTE and TLTD 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. TLTD is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Developed Markets ex-US Factor Tilt Index. It was launched on Sep 28, 2012. Both TLTE and TLTD 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 TLTD.
Key characteristics
| TLTE | TLTD | |
|---|---|---|
| YTD Return | 5.24% | 4.76% |
| 1Y Return | 11.53% | 12.98% |
| 3Y Return (Ann) | -1.33% | 1.41% |
| 5Y Return (Ann) | 4.29% | 5.21% |
| 10Y Return (Ann) | 3.25% | 4.79% |
| Sharpe Ratio | 1.00 | 1.23 |
| Sortino Ratio | 1.45 | 1.76 |
| Omega Ratio | 1.18 | 1.22 |
| Calmar Ratio | 0.75 | 1.69 |
| Martin Ratio | 5.10 | 6.69 |
| Ulcer Index | 2.79% | 2.39% |
| Daily Std Dev | 14.29% | 13.03% |
| Max Drawdown | -44.21% | -40.62% |
| Current Drawdown | -9.57% | -7.45% |
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.
Performance
TLTE vs. TLTD - Performance Comparison
In the year-to-date period, TLTE achieves a 5.24% return, which is significantly higher than TLTD's 4.76% return. Over the past 10 years, TLTE has underperformed TLTD with an annualized return of 3.25%, while TLTD has yielded a comparatively higher 4.79% 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. TLTD - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than TLTD's 0.39% expense ratio.
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.
Dividends
TLTE vs. TLTD - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 2.77%, less than TLTD's 3.60% 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% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.60% | 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.
Volatility
TLTE vs. TLTD - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 4.65% compared to FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) at 3.66%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than TLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.