TILT vs HDEF

Comparison between FLEXSHARES MORNINGSTAR US MARKET FACTOR TILT INDEX FUND (TILT, ETF) and XTRACKERS MSCI EAFE HIGH DIVIDEND YIELD EQUITY ETF (HDEF, ETF).

5-Year PerformanceTILT has outperformed HDEF, delivering a return of +11.9% compared to +11.9%

TILT vs HDEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TILT(ETF)	HDEF(ETF)
Net Assets	$2.20B	$2.20B
Expense Ratio	0.25%	0.09%
Max Drawdown	38.78%	38.17%
Sharpe Ratio	1.59	1.45
5Y Beta	0.96	0.40
P/E Ratio	24.13	N/A
Forward P/E	16.73	N/A
5Y Dividends CAGR	7.70%	12.60%
5Y EPS CAGR	22.08%	N/A
Debt to Equity	55.65%	N/A
P/S Ratio	2.02	N/A
P/B Ratio	3.27	N/A

Net Assets

TILT

$2.20B

HDEF

$2.20B

Expense Ratio

TILT

0.25%

Winner

HDEF

0.09%

Max Drawdown

TILT

38.78%

Winner

HDEF

38.17%

Sharpe Ratio

Winner

TILT

1.59

HDEF

1.45

5Y Beta

TILT

0.96

Winner

HDEF

0.40

P/E Ratio

TILT

24.13

HDEF

N/A

Forward P/E

TILT

16.73

HDEF

N/A

5Y Dividends CAGR

TILT

7.70%

Winner

HDEF

12.60%

5Y EPS CAGR

TILT

22.08%

HDEF

N/A

Debt to Equity

TILT

55.65%

HDEF

N/A

P/S Ratio

TILT

2.02

HDEF

N/A

P/B Ratio

TILT

3.27

HDEF

N/A

TILT vs HDEF - Historical Returns

Returns include dividend reinvestment.

Period	TILT	HDEF
1 month	+2.25%	+3.79%
3 months	+5.71%	+4.09%
6 months	+10.91%	+4.66%
1 year	+25.67%	+21.31%
5 years(CAGR)	+11.89%	+11.86%
10 years(CAGR)	+13.84%	+9.02%
Max(CAGR)	+14.70%	+8.06%

TILT

+2.25%

Winner

HDEF

+3.79%

Winner

TILT

+5.71%

HDEF

+4.09%

Winner

TILT

+10.91%

HDEF

+4.66%

Winner

TILT

+25.67%

HDEF

+21.31%

5Y(CAGR)

Winner

TILT

+11.89%

HDEF

+11.86%

10Y(CAGR)

Winner

TILT

+13.84%

HDEF

+9.02%

Max(CAGR)

Winner

TILT

+14.70%

HDEF

+8.06%

TILT vs HDEF - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TILT	HDEF
2026	+14.18%	+11.44%
2025	+16.78%	+33.36%
2024	+20.52%	+3.36%
2023	+25.13%	+17.51%
2022	-17.73%	-3.03%
2021	+29.40%	+6.01%
2020	+15.43%	-2.76%
2019	+28.62%	+25.44%
2018	-9.38%	-13.77%
2017	+17.29%	+9.90%
2016	+18.75%	+13.43%
2015	-1.72%	-4.66%
2014	+11.48%	N/A
2013	+32.34%	N/A
2012	+14.64%	N/A
2011	+14.01%	N/A

TILT vs HDEF Drawdown Comparison

The maximum drawdown for TILT was -38.44%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The maximum drawdown for HDEF was -36.42%, occurring on Mar 23, 2020. Recovery took 255 trading sessions.

The current TILT drawdown is -0.62%. The current HDEF drawdown is -1.13%.

Rank	TILT	HDEF
#1	-38.44% Feb 19, 2020 - Sep 2, 2020	-36.42% Jan 2, 2020 - Jan 6, 2021
#2	-24.12% Jan 4, 2022 - Dec 14, 2023	-23.69% Feb 9, 2022 - Apr 6, 2023
#3	-21.48% Sep 20, 2018 - Jul 12, 2019	-17.55% Jan 22, 2018 - Oct 24, 2019
#4	-19.85% Dec 4, 2024 - Jul 2, 2025	-14.95% Aug 18, 2015 - Aug 10, 2016
#5	-17.59% Jun 23, 2015 - Jul 14, 2016	-11.15% Sep 26, 2024 - Mar 5, 2025
#6	-11.02% Mar 27, 2012 - Sep 6, 2012	-10.60% Mar 18, 2025 - Apr 22, 2025
#7	-10.02% Jan 26, 2018 - Aug 6, 2018	-9.31% Jun 15, 2021 - Jan 12, 2022
#8	-9.51% Oct 28, 2011 - Jan 6, 2012	-8.79% Jul 26, 2023 - Dec 13, 2023
#9	-9.05% Sep 2, 2020 - Oct 12, 2020	-8.02% Feb 27, 2026 - Jul 17, 2026
#10	-8.50% Feb 9, 2026 - Apr 15, 2026	-6.39% May 8, 2023 - Jun 15, 2023
#11	-8.38% Sep 2, 2014 - Nov 6, 2014	-5.63% Dec 9, 2016 - Jan 10, 2017
#12	-8.33% Sep 14, 2012 - Jan 2, 2013	-5.46% Dec 27, 2023 - Mar 20, 2024
#13	-8.31% Jul 16, 2024 - Sep 19, 2024	-4.72% Jan 8, 2021 - Mar 16, 2021
#14	-6.95% Jul 26, 2019 - Oct 28, 2019	-4.35% Nov 2, 2017 - Jan 9, 2018
#15	-6.89% Oct 12, 2020 - Nov 5, 2020	-4.24% May 17, 2024 - Jul 12, 2024

Correlation

Correlation between TILT and HDEF is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2011 - 2026)

TILT vs HDEF dividend yield comparison.

Year	TILT	HDEF
2026	0.45%	2.54%
2025	1.15%	3.88%
2024	1.23%	4.53%
2023	1.44%	4.38%
2022	1.60%	5.41%
2021	1.16%	4.76%
2020	1.49%	3.93%
2019	1.54%	4.20%
2018	1.97%	3.55%
2017	1.55%	3.38%
2016	1.60%	9.52%
2015	1.98%	1.87%
2014	1.33%	0.00%
2013	0.98%	0.00%
2012	1.11%	0.00%
2011	0.46%	0.00%