TILT vs PICK

Comparison between FLEXSHARES MORNINGSTAR US MARKET FACTOR TILT INDEX FUND (TILT, ETF) and ISHARES MSCI GLOBAL METALS & MINING PRODUCERS ETF (PICK, ETF).

5-Year PerformanceTILT has outperformed PICK, delivering a return of +11.5% compared to +11.0%

TILT vs PICK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TILT(ETF)	PICK(ETF)
Net Assets	$2.20B	$2.20B
Expense Ratio	0.25%	0.39%
Max Drawdown	38.78%	73.97%
Sharpe Ratio	1.65	1.82
5Y Beta	0.97	1.10
P/E Ratio	24.40	N/A
Forward P/E	16.11	N/A
5Y Dividends CAGR	7.70%	5.56%
5Y EPS CAGR	21.94%	N/A
Debt to Equity	34.72%	N/A
P/S Ratio	1.91	N/A
P/B Ratio	3.13	N/A

Net Assets

TILT

$2.20B

PICK

$2.20B

Expense Ratio

Winner

TILT

0.25%

PICK

0.39%

Max Drawdown

Winner

TILT

38.78%

PICK

73.97%

Sharpe Ratio

TILT

1.65

Winner

PICK

1.82

5Y Beta

Winner

TILT

0.97

PICK

1.10

P/E Ratio

TILT

24.40

PICK

N/A

Forward P/E

TILT

16.11

PICK

N/A

5Y Dividends CAGR

Winner

TILT

7.70%

PICK

5.56%

5Y EPS CAGR

TILT

21.94%

PICK

N/A

Debt to Equity

TILT

34.72%

PICK

N/A

P/S Ratio

TILT

1.91

PICK

N/A

P/B Ratio

TILT

3.13

PICK

N/A

TILT vs PICK - Holdings Comparison

TILT and PICK have 12 common holdings. Overlap is -0.29%

TILT's top 25 holdings weight is 34.09%. PICK's top 25 holdings weight is 62.45%.

Rank	TILT	PICK
#1	NVIDIA CORP (NVDA) - 4.94%	BHP GROUP LTD (n/a) - 13.87%
#2	APPLE INC (AAPL) - 4.55%	RIO TINTO PLC ORDINARY SHARES (n/a) - 6.58%
#3	MICROSOFT CORP (MSFT) - 4.06%	FREEPORT-MCMORAN INC (FCX) - 5.84%
#4	AMAZON.COM INC (AMZN) - 2.54%	GLENCORE PLC (n/a) - 4.32%
#5	ALPHABET INC CLASS A (GOOGL) - 2.05%	ANGLO AMERICAN PLC (n/a) - 3.46%
#6	BROADCOM INC (AVGO) - 1.81%	NUCOR CORP (NUE) - 3.31%
#7	ALPHABET INC CLASS C (GOOG) - 1.79%	VALE SA (n/a) - 3.29%
#8	META PLATFORMS INC CLASS A (META) - 1.62%	RIO TINTO LTD (n/a) - 2.89%
#9	TESLA INC (TSLA) - 1.43%	STEEL DYNAMICS INC (STLD) - 2.19%
#10	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.29%	GRUPO MEXICO SAB DE CV CLASS B (n/a) - 2.15%
#11	JPMORGAN CHASE & CO (JPM) - 1.23%	TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 1.79%
#12	ELI LILLY AND CO (LLY) - 0.97%	ARCELORMITTAL SA NEW REG.SHS EX-ARCELOR (n/a) - 1.68%
#13	EXXON MOBIL CORP (XOM) - 0.71%	FORTESCUE LTD (n/a) - 1.37%
#14	JOHNSON & JOHNSON (JNJ) - 0.69%	FIRST QUANTUM MINERALS LTD (n/a) - 1.28%
#15	VISA INC CLASS A (V) - 0.68%	VALTERRA PLATINUM LTD (n/a) - 1.25%
#16	ABBVIE INC (ABBV) - 0.57%	RELIANCE INC (RS) - 1.22%
#17	WALMART INC (WMT) - 0.54%	ANTOFAGASTA PLC (n/a) - 1.16%
#18	MASTERCARD INC CLASS A (MA) - 0.53%	SAUDI ARABIAN MINING CO (n/a) - 1.15%
#19	BANK OF AMERICA CORP (BAC) - 0.52%	BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 1.11%
#20	THE HOME DEPOT INC (HD) - 0.47%	LUNDIN MINING CORP (n/a) - 1.11%
#21	ACCENTURE PLC CLASS A (ACN) - 0.23%	MATERION CORP (MTRN) - 0.31%
#22	INTUITIVE SURGICAL INC (ISRG) - 0.22%	JIANGXI COPPER CO LTD CLASS H (n/a) - 0.29%
#23	GILEAD SCIENCES INC (GILD) - 0.22%	WARRIOR MET COAL INC (HCC) - 0.29%
#24	CAPITAL ONE FINANCIAL CORP (COF) - 0.22%	MMG LTD (n/a) - 0.27%
#25	BLACKROCK INC (BLK) - 0.21%	KOBE STEEL LTD (n/a) - 0.27%
Total Holdings	1819	277

TILT vs PICK - Historical Returns

Returns include dividend reinvestment.

Period	TILT	PICK
1 month	+0.02%	-5.23%
3 months	+12.17%	+11.64%
6 months	+8.42%	+17.00%
1 year	+25.74%	+69.30%
5 years(CAGR)	+11.47%	+11.00%
10 years(CAGR)	+13.75%	+15.66%
Max(CAGR)	+14.47%	+4.52%

Winner

TILT

+0.02%

PICK

-5.23%

Winner

TILT

+12.17%

PICK

+11.64%

TILT

+8.42%

Winner

PICK

+17.00%

TILT

+25.74%

Winner

PICK

+69.30%

5Y(CAGR)

Winner

TILT

+11.47%

PICK

+11.00%

10Y(CAGR)

TILT

+13.75%

Winner

PICK

+15.66%

Max(CAGR)

Winner

TILT

+14.47%

PICK

+4.52%

TILT vs PICK - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TILT	PICK
2026	+9.05%	+15.05%
2025	+16.78%	+51.18%
2024	+20.52%	-16.01%
2023	+25.13%	+10.34%
2022	-17.73%	+2.84%
2021	+29.40%	+19.08%
2020	+15.43%	+26.33%
2019	+28.62%	+17.24%
2018	-9.38%	-21.02%
2017	+17.29%	+35.47%
2016	+18.75%	+57.42%
2015	-1.72%	-42.83%
2014	+11.48%	-19.62%
2013	+32.34%	-12.98%
2012	+14.64%	-12.20%
2011	+14.01%	N/A

TILT vs PICK Drawdown Comparison

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

The maximum drawdown for PICK was -71.50%, occurring on Jan 20, 2016. Recovery took 2243 trading sessions.

The current TILT drawdown is -1.90%. The current PICK drawdown is -12.60%.

Rank	TILT	PICK
#1	-38.44% Feb 19, 2020 - Sep 2, 2020	-71.50% Feb 8, 2012 - Jan 7, 2021
#2	-24.12% Jan 4, 2022 - Dec 14, 2023	-36.28% Apr 4, 2022 - Oct 3, 2025
#3	-21.48% Sep 20, 2018 - Jul 12, 2019	-19.87% May 11, 2021 - Mar 2, 2022
#4	-19.85% Dec 4, 2024 - Jul 2, 2025	-19.54% Feb 25, 2026 - May 6, 2026
#5	-17.59% Jun 23, 2015 - Jul 14, 2016	-12.60% Jun 2, 2026 - Jun 23, 2026
#6	-11.02% Mar 27, 2012 - Sep 6, 2012	-11.51% Jan 7, 2021 - Feb 16, 2021
#7	-10.02% Jan 26, 2018 - Aug 6, 2018	-10.33% Feb 24, 2021 - Apr 14, 2021
#8	-9.51% Oct 28, 2011 - Jan 6, 2012	-9.66% May 13, 2026 - Jun 2, 2026
#9	-9.05% Sep 2, 2020 - Oct 12, 2020	-8.99% Mar 3, 2022 - Mar 22, 2022
#10	-8.50% Feb 9, 2026 - Apr 15, 2026	-7.33% Jan 29, 2026 - Feb 11, 2026
#11	-8.38% Sep 2, 2014 - Nov 6, 2014	-5.35% Oct 29, 2025 - Nov 28, 2025
#12	-8.33% Sep 14, 2012 - Jan 2, 2013	-4.42% Feb 11, 2026 - Feb 24, 2026
#13	-8.31% Jul 16, 2024 - Sep 19, 2024	-4.11% Oct 8, 2025 - Oct 13, 2025
#14	-6.95% Jul 26, 2019 - Oct 28, 2019	-2.92% Apr 28, 2021 - May 5, 2021
#15	-6.89% Oct 12, 2020 - Nov 5, 2020	-2.74% Oct 15, 2025 - Oct 28, 2025

Correlation

Correlation between TILT and PICK is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2011 - 2026)

TILT vs PICK dividend yield comparison.

Year	TILT	PICK
2026	0.47%	0.91%
2025	1.15%	2.88%
2024	1.23%	3.26%
2023	1.44%	4.19%
2022	1.60%	6.93%
2021	1.16%	5.89%
2020	1.49%	2.27%
2019	1.54%	5.51%
2018	1.97%	4.77%
2017	1.55%	2.41%
2016	1.60%	1.00%
2015	1.98%	7.88%
2014	1.33%	1.44%
2013	0.98%	1.70%
2012	1.11%	0.64%
2011	0.46%	0.00%