IETC vs TLTD

Comparison between ISHARES U.S. TECH INDEPENDENCE FOCUSED ETF (IETC, ETF) and FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF).

5-Year PerformanceIETC has outperformed TLTD, delivering a return of +13.7% compared to +11.2%

IETC vs TLTD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IETC(ETF)	TLTD(ETF)
Net Assets	$668M	$670M
Expense Ratio	0.18%	0.39%
Max Drawdown	38.92%	44.58%
Sharpe Ratio	0.40	1.27
5Y Beta	1.37	0.70
P/E Ratio	31.67	N/A
Forward P/E	19.69	N/A
PEG Ratio	0.15	N/A
5Y Dividends CAGR	14.16%	17.49%
5Y EPS CAGR	38.88%	N/A
Debt to Equity	49.17%	N/A
P/S Ratio	7.19	N/A
P/B Ratio	7.87	N/A

Net Assets

IETC

$668M

Winner

TLTD

$670M

Expense Ratio

Winner

IETC

0.18%

TLTD

0.39%

Max Drawdown

Winner

IETC

38.92%

TLTD

44.58%

Sharpe Ratio

IETC

0.40

Winner

TLTD

1.27

5Y Beta

IETC

1.37

Winner

TLTD

0.70

P/E Ratio

IETC

31.67

TLTD

N/A

Forward P/E

IETC

19.69

TLTD

N/A

PEG Ratio

IETC

0.15

TLTD

N/A

5Y Dividends CAGR

IETC

14.16%

Winner

TLTD

17.49%

5Y EPS CAGR

IETC

38.88%

TLTD

N/A

Debt to Equity

IETC

49.17%

TLTD

N/A

P/S Ratio

IETC

7.19

TLTD

N/A

P/B Ratio

IETC

7.87

TLTD

N/A

IETC vs TLTD - Holdings Comparison

IETC and TLTD have 1 common holdings. Overlap is 0.00%

IETC's top 25 holdings weight is 79.91%. TLTD's top 25 holdings weight is 12.74%.

Rank	IETC	TLTD
#1	NVIDIA CORP (NVDA) - 13.40%	HSBC HOLDINGS PLC (n/a) - 0.84%
#2	BROADCOM INC (AVGO) - 8.83%	SHELL PLC (n/a) - 0.83%
#3	MICRON TECHNOLOGY INC (MU) - 4.71%	TOYOTA MOTOR CORP (n/a) - 0.81%
#4	ADVANCED MICRO DEVICES INC (AMD) - 4.43%	SAP SE (n/a) - 0.66%
#5	AMAZON.COM INC (AMZN) - 4.39%	ASML HOLDING NV (n/a) - 0.61%
#6	MICROSOFT CORP (MSFT) - 4.36%	ALLIANZ SE (n/a) - 0.60%
#7	APPLE INC (AAPL) - 3.82%	NESTLE SA (n/a) - 0.51%
#8	n/a (PLTR) - 3.45%	ASTRAZENECA PLC (n/a) - 0.51%
#9	ALPHABET INC CLASS A (GOOGL) - 3.16%	NOVARTIS AG REGISTERED SHARES (n/a) - 0.51%
#10	LAM RESEARCH CORP (LRCX) - 2.80%	BANCO SANTANDER SA (n/a) - 0.50%
#11	ALPHABET INC CLASS C (GOOG) - 2.64%	THE TORONTO-DOMINION BANK (TD) - 0.48%
#12	CISCO SYSTEMS INC (CSCO) - 2.41%	LLOYDS BANKING GROUP PLC (n/a) - 0.48%
#13	META PLATFORMS INC CLASS A (META) - 2.39%	ROCHE HOLDING AG (n/a) - 0.48%
#14	ORACLE CORP (ORCL) - 2.26%	DEUTSCHE TELEKOM AG (n/a) - 0.47%
#15	ARISTA NETWORKS INC (ANET) - 2.21%	TOTALENERGIES SE (n/a) - 0.47%
#16	FORTINET INC (FTNT) - 1.87%	UNICREDIT SPA (n/a) - 0.45%
#17	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.79%	BRITISH AMERICAN TOBACCO PLC (n/a) - 0.43%
#18	MOODYS CORP (MCO) - 1.58%	COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.42%
#19	VERISIGN INC (VRSN) - 1.52%	SIEMENS AG (n/a) - 0.41%
#20	MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.45%	ROYAL BANK OF CANADA (RY) - 0.41%
#21	BOEING CO (BA) - 1.41%	BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.39%
#22	INTERCONTINENTAL EXCHANGE INC (ICE) - 1.34%	SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 0.38%
#23	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.30%	BNP PARIBAS ACT. CAT.A (n/a) - 0.37%
#24	MARVELL TECHNOLOGY INC (MRVL) - 1.20%	MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.36%
#25	SANDISK CORP ORDINARY SHARES (SNDK) - 1.19%	JAPANESE YEN (n/a) - 0.36%
Total Holdings	105	2158

IETC vs TLTD - Historical Returns

Returns include dividend reinvestment.

Period	IETC	TLTD
1 month	+6.37%	+6.34%
3 months	-2.03%	+5.48%
6 months	+16.72%	+4.41%
1 year	+11.50%	+25.20%
5 years(CAGR)	+13.66%	+11.24%
10 years(CAGR)	+20.31%	+10.02%
Max(CAGR)	+20.31%	+8.65%

Winner

IETC

+6.37%

TLTD

+6.34%

IETC

-2.03%

Winner

TLTD

+5.48%

Winner

IETC

+16.72%

TLTD

+4.41%

IETC

+11.50%

Winner

TLTD

+25.20%

5Y(CAGR)

Winner

IETC

+13.66%

TLTD

+11.24%

10Y(CAGR)

Winner

IETC

+20.31%

TLTD

+10.02%

Max(CAGR)

Winner

IETC

+20.31%

TLTD

+8.65%

IETC vs TLTD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	IETC	TLTD
2026	+6.90%	+14.70%
2025	+19.55%	+39.87%
2024	+40.36%	+5.94%
2023	+53.97%	+16.61%
2022	-33.14%	-14.24%
2021	+31.93%	+12.78%
2020	+43.99%	+3.29%
2019	+42.10%	+21.55%
2018	-3.49%	-18.30%
2017	N/A	+25.61%
2016	N/A	+6.81%
2015	N/A	-1.07%
2014	N/A	-5.04%
2013	N/A	+19.26%
2012	N/A	+5.81%

IETC vs TLTD Drawdown Comparison

The maximum drawdown for IETC was -38.48%, occurring on Nov 3, 2022. Recovery took 496 trading sessions.

The maximum drawdown for TLTD was -40.60%, occurring on Mar 23, 2020. Recovery took 741 trading sessions.

The current IETC drawdown is -9.10%.

Rank	IETC	TLTD
#1	-38.48% Dec 27, 2021 - Dec 15, 2023	-40.60% Jan 26, 2018 - Jan 6, 2021
#2	-30.07% Feb 19, 2020 - Jun 5, 2020	-28.93% Sep 3, 2021 - Mar 1, 2024
#3	-25.17% Feb 18, 2025 - Jun 10, 2025	-24.90% Jul 2, 2014 - Apr 25, 2017
#4	-23.37% Aug 29, 2018 - Apr 2, 2019	-13.10% Mar 19, 2025 - Apr 28, 2025
#5	-21.19% Oct 29, 2025 - May 14, 2026	-12.11% Feb 26, 2026 - Jul 30, 2026
#6	-17.78% Jun 1, 2026 - Jul 29, 2026	-10.13% May 21, 2013 - Aug 13, 2013
#7	-12.85% Sep 2, 2020 - Dec 8, 2020	-8.83% Sep 26, 2024 - Mar 5, 2025
#8	-11.50% Jul 10, 2024 - Sep 19, 2024	-7.25% Jul 16, 2024 - Aug 21, 2024
#9	-10.88% Apr 29, 2019 - Jul 2, 2019	-6.34% Jan 21, 2014 - Feb 24, 2014
#10	-9.89% Feb 12, 2021 - Apr 8, 2021	-6.16% Jun 14, 2021 - Sep 3, 2021
#11	-8.07% Jul 26, 2019 - Nov 8, 2019	-4.90% Oct 17, 2012 - Dec 4, 2012
#12	-8.04% Mar 7, 2024 - May 28, 2024	-4.76% Nov 12, 2025 - Nov 28, 2025
#13	-7.98% Apr 26, 2021 - Jun 11, 2021	-4.29% Mar 27, 2024 - May 9, 2024
#14	-7.65% Sep 7, 2021 - Oct 29, 2021	-4.09% Jan 8, 2021 - Feb 8, 2021
#15	-6.01% Dec 16, 2024 - Jan 22, 2025	-3.91% Aug 27, 2024 - Sep 19, 2024

Correlation

Correlation between IETC and TLTD is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2012 - 2026)

IETC vs TLTD dividend yield comparison.

Year	IETC	TLTD
2026	0.17%	1.48%
2025	0.38%	3.44%
2024	0.52%	3.88%
2023	0.79%	3.39%
2022	0.92%	2.76%
2021	0.73%	3.44%
2020	0.48%	2.04%
2019	0.95%	3.46%
2018	1.27%	3.16%
2017	0.00%	2.71%
2016	0.00%	2.93%
2015	0.00%	2.56%
2014	0.00%	3.14%
2013	0.00%	1.14%
2012	0.00%	0.21%