TLTE vs. VOO
Compare and contrast key facts about FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Vanguard S&P 500 ETF (VOO).
TLTE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both TLTE and VOO 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 VOO.
Key characteristics
| TLTE | VOO | |
|---|---|---|
| YTD Return | 4.61% | 10.48% |
| 1Y Return | 14.78% | 28.69% |
| 3Y Return (Ann) | -1.64% | 9.60% |
| 5Y Return (Ann) | 4.81% | 14.65% |
| 10Y Return (Ann) | 2.96% | 12.89% |
| Sharpe Ratio | 1.26 | 2.52 |
| Daily Std Dev | 13.09% | 11.57% |
| Max Drawdown | -44.21% | -33.99% |
| Current Drawdown | -10.11% | -0.06% |
Correlation
The correlation between TLTE and VOO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TLTE vs. VOO - Performance Comparison
In the year-to-date period, TLTE achieves a 4.61% return, which is significantly lower than VOO's 10.48% return. Over the past 10 years, TLTE has underperformed VOO with an annualized return of 2.96%, while VOO has yielded a comparatively higher 12.89% 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. VOO - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
TLTE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 3.85%, more than VOO's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 3.85% | 4.03% | 4.42% | 3.21% | 1.95% | 3.23% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
VOO Vanguard S&P 500 ETF | 1.33% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TLTE vs. VOO - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TLTE and VOO. For additional features, visit the drawdowns tool.
Volatility
TLTE vs. VOO - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.43% and 3.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.