TLTD vs ACP

Comparison between FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF) and abrdn Income Credit Strategies Fund (ACP, ETF).

5-Year PerformanceTLTD has outperformed ACP, delivering a return of +11.2% compared to +0.2%

TLTD vs ACP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TLTD(ETF)	ACP(ETF)
Net Assets	$670M	$671M
Expense Ratio	0.39%	N/A
Max Drawdown	44.58%	74.68%
Sharpe Ratio	1.27	-0.06
5Y Beta	0.70	0.42
5Y Dividends CAGR	17.49%	-4.88%

Net Assets

TLTD

$670M

Winner

ACP

$671M

Expense Ratio

TLTD

0.39%

ACP

N/A

Max Drawdown

Winner

TLTD

44.58%

ACP

74.68%

Sharpe Ratio

Winner

TLTD

1.27

ACP

-0.06

5Y Beta

TLTD

0.70

Winner

ACP

0.42

5Y Dividends CAGR

Winner

TLTD

17.49%

ACP

-4.88%

TLTD vs ACP - Historical Returns

Returns include dividend reinvestment.

Period	TLTD	ACP
1 month	+6.34%	+0.95%
3 months	+5.48%	-0.66%
6 months	+4.41%	-0.67%
1 year	+25.20%	+2.11%
5 years(CAGR)	+11.24%	+0.21%
10 years(CAGR)	+10.02%	+5.37%
Max(CAGR)	+8.65%	+4.08%

Winner

TLTD

+6.34%

ACP

+0.95%

Winner

TLTD

+5.48%

ACP

-0.66%

Winner

TLTD

+4.41%

ACP

-0.67%

Winner

TLTD

+25.20%

ACP

+2.11%

5Y(CAGR)

Winner

TLTD

+11.24%

ACP

+0.21%

10Y(CAGR)

Winner

TLTD

+10.02%

ACP

+5.37%

Max(CAGR)

Winner

TLTD

+8.65%

ACP

+4.08%

TLTD vs ACP - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TLTD	ACP
2026	+14.70%	+5.31%
2025	+39.87%	+5.93%
2024	+5.94%	+5.60%
2023	+16.61%	+19.76%
2022	-14.24%	-23.35%
2021	+12.78%	+7.73%
2020	+3.29%	+6.98%
2019	+21.55%	+26.50%
2018	-18.30%	-17.95%
2017	+25.61%	+15.85%
2016	+6.81%	+34.70%
2015	-1.07%	-16.50%
2014	-5.04%	-2.86%
2013	+19.26%	+4.93%
2012	+5.81%	+26.57%
2011	N/A	-16.90%

TLTD vs ACP Drawdown Comparison

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

The maximum drawdown for ACP was -51.03%, occurring on Mar 18, 2020. Recovery took 205 trading sessions.

The current ACP drawdown is -5.30%.

Rank	TLTD	ACP
#1	-40.60% Jan 26, 2018 - Jan 6, 2021	-51.03% Feb 21, 2020 - Dec 11, 2020
#2	-28.93% Sep 3, 2021 - Mar 1, 2024	-40.93% May 10, 2021 - Oct 14, 2022
#3	-24.90% Jul 2, 2014 - Apr 25, 2017	-35.96% Jul 10, 2014 - Dec 19, 2016
#4	-13.10% Mar 19, 2025 - Apr 28, 2025	-28.12% Oct 1, 2018 - Feb 10, 2020
#5	-12.11% Feb 26, 2026 - Jul 30, 2026	-26.11% Jul 13, 2011 - Oct 4, 2012
#6	-10.13% May 21, 2013 - Aug 13, 2013	-15.95% Apr 17, 2013 - Jun 9, 2014
#7	-8.83% Sep 26, 2024 - Mar 5, 2025	-9.59% Oct 24, 2017 - Jan 5, 2018
#8	-7.25% Jul 16, 2024 - Aug 21, 2024	-6.86% Feb 4, 2011 - Jul 13, 2011
#9	-6.34% Jan 21, 2014 - Feb 24, 2014	-6.52% Mar 1, 2017 - Apr 25, 2017
#10	-6.16% Jun 14, 2021 - Sep 3, 2021	-5.22% Nov 7, 2012 - Dec 10, 2012
#11	-4.90% Oct 17, 2012 - Dec 4, 2012	-5.13% Jan 8, 2018 - May 18, 2018
#12	-4.76% Nov 12, 2025 - Nov 28, 2025	-4.57% May 31, 2017 - Jul 19, 2017
#13	-4.29% Mar 27, 2024 - May 9, 2024	-3.78% Feb 20, 2013 - Mar 8, 2013
#14	-4.09% Jan 8, 2021 - Feb 8, 2021	-3.61% Mar 11, 2013 - Mar 27, 2013
#15	-3.91% Aug 27, 2024 - Sep 19, 2024	-3.45% Aug 7, 2017 - Sep 7, 2017

Correlation

Correlation between TLTD and ACP is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2011 - 2026)

TLTD vs ACP dividend yield comparison.

Year	TLTD	ACP
2026	1.48%	12.23%
2025	3.44%	17.19%
2024	3.88%	19.72%
2023	3.39%	17.65%
2022	2.76%	17.70%
2021	3.44%	11.79%
2020	2.04%	12.82%
2019	3.46%	12.60%
2018	3.16%	13.01%
2017	2.71%	10.60%
2016	2.93%	11.08%
2015	2.56%	13.11%
2014	3.14%	12.61%
2013	1.14%	9.46%
2012	0.21%	8.19%
2011	0.00%	8.66%