TDTT vs SPY

Comparison between FLEXSHARES IBOXX 3-YEAR TARGET DURATION TIPS INDEX FUND (TDTT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed TDTT, delivering a return of +13.3% compared to +2.9%

TDTT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TDTT(ETF)	SPY(ETF)
Net Assets	$2.60B	$652B
Expense Ratio	0.18%	0.09%
Max Drawdown	14.05%	56.47%
Sharpe Ratio	0.34	2.07
5Y Beta	-0.00	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	28.36%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

TDTT

$2.60B

Winner

SPY

$652B

Expense Ratio

TDTT

0.18%

Winner

SPY

0.09%

Max Drawdown

Winner

TDTT

14.05%

SPY

56.47%

Sharpe Ratio

TDTT

0.34

Winner

SPY

2.07

5Y Beta

Winner

TDTT

-0.00

SPY

1.00

P/E Ratio

TDTT

N/A

SPY

28.24

Forward P/E

TDTT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

TDTT

28.36%

SPY

5.43%

5Y EPS CAGR

TDTT

N/A

SPY

25.79%

Debt to Equity

TDTT

N/A

SPY

22.35%

P/S Ratio

TDTT

N/A

SPY

3.55

P/B Ratio

TDTT

N/A

SPY

5.29

TDTT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	TDTT	SPY
1 month	+0.82%	+9.11%
3 months	+1.27%	+6.59%
6 months	+2.01%	+10.56%
1 year	+4.50%	+32.04%
5 years(CAGR)	+2.90%	+13.35%
10 years(CAGR)	+3.14%	+15.49%
Max(CAGR)	+2.22%	+8.50%

TDTT

+0.82%

Winner

SPY

+9.11%

TDTT

+1.27%

Winner

SPY

+6.59%

TDTT

+2.01%

Winner

SPY

+10.56%

TDTT

+4.50%

Winner

SPY

+32.04%

5Y(CAGR)

TDTT

+2.90%

Winner

SPY

+13.35%

10Y(CAGR)

TDTT

+3.14%

Winner

SPY

+15.49%

Max(CAGR)

TDTT

+2.22%

Winner

SPY

+8.50%

TDTT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TDTT	SPY
2026	+1.86%	+8.27%
2025	+6.49%	+18.00%
2024	+4.00%	+25.59%
2023	+4.36%	+26.72%
2022	-4.64%	-18.64%
2021	+5.33%	+30.52%
2020	+6.71%	+17.28%
2019	+5.65%	+31.09%
2018	+0.21%	-5.24%
2017	+0.35%	+20.78%
2016	+2.76%	+13.59%
2015	-0.62%	+1.31%
2014	-1.92%	+14.56%
2013	-2.01%	+29.00%
2012	+2.81%	+14.17%
2011	+0.60%	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

TDTT vs SPY Drawdown Comparison

The maximum drawdown for TDTT was -6.95%, occurring on Sep 27, 2022. Recovery took 570 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current TDTT drawdown is -0.10%.

Rank	TDTT	SPY
#1	-6.95% Mar 11, 2022 - Jun 18, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-6.62% Mar 3, 2020 - Jun 1, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-4.75% Sep 14, 2012 - Feb 22, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-2.59% Nov 17, 2021 - Mar 1, 2022	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-1.53% Sep 24, 2024 - Feb 3, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-1.51% Sep 28, 2011 - Oct 31, 2011	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-1.43% Nov 2, 2011 - Jan 26, 2012	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-1.42% Mar 16, 2012 - Aug 6, 2012	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.40% Apr 3, 2025 - Apr 28, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.16% Apr 30, 2025 - Jun 26, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.09% Aug 28, 2019 - Dec 13, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-0.97% May 17, 2021 - Jul 12, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.90% Mar 17, 2026 - Apr 13, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.90% Aug 6, 2012 - Sep 13, 2012	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.87% Feb 10, 2021 - Mar 2, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TDTT and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

TDTT vs SPY dividend yield comparison.

Year	TDTT	SPY
2026	0.77%	0.24%
2025	4.52%	1.07%
2024	4.01%	1.21%
2023	3.88%	1.40%
2022	6.97%	1.65%
2021	4.53%	1.20%
2020	1.15%	1.52%
2019	1.91%	1.75%
2018	2.48%	2.04%
2017	1.88%	1.80%
2016	1.01%	2.03%
2015	0.00%	2.06%
2014	0.85%	1.87%
2013	0.19%	1.81%
2012	0.95%	2.18%
2011	0.27%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%