TLTD vs EMD

Comparison between FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF) and Western Asset Emerging Markets Debt Fund Inc (EMD, ETF).

5-Year PerformanceTLTD has outperformed EMD, delivering a return of +10.4% compared to +5.4%

TLTD vs EMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TLTD(ETF)	EMD(ETF)
Net Assets	$647M	$648M
Expense Ratio	0.39%	N/A
Max Drawdown	44.58%	66.58%
Sharpe Ratio	1.26	1.11
5Y Beta	0.71	0.42
5Y Dividends CAGR	17.49%	2.07%

Net Assets

TLTD

$647M

Winner

EMD

$648M

Expense Ratio

TLTD

0.39%

EMD

N/A

Max Drawdown

Winner

TLTD

44.58%

EMD

66.58%

Sharpe Ratio

Winner

TLTD

1.26

EMD

1.11

5Y Beta

TLTD

0.71

Winner

EMD

0.42

5Y Dividends CAGR

Winner

TLTD

17.49%

EMD

2.07%

TLTD vs EMD - Historical Returns

Returns include dividend reinvestment.

Period	TLTD	EMD
1 month	-0.06%	+1.37%
3 months	+2.47%	+1.41%
6 months	+5.32%	+3.29%
1 year	+23.05%	+17.72%
5 years(CAGR)	+10.40%	+5.41%
10 years(CAGR)	+9.76%	+5.68%
Max(CAGR)	+8.24%	+6.69%

TLTD

-0.06%

Winner

EMD

+1.37%

Winner

TLTD

+2.47%

EMD

+1.41%

Winner

TLTD

+5.32%

EMD

+3.29%

Winner

TLTD

+23.05%

EMD

+17.72%

5Y(CAGR)

Winner

TLTD

+10.40%

EMD

+5.41%

10Y(CAGR)

Winner

TLTD

+9.76%

EMD

+5.68%

Max(CAGR)

Winner

TLTD

+8.24%

EMD

+6.69%

TLTD vs EMD - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	TLTD	EMD
2026	+7.98%	+4.82%
2025	+39.87%	+21.86%
2024	+5.94%	+16.94%
2023	+16.61%	+11.96%
2022	-14.24%	-20.86%
2021	+12.78%	+0.40%
2020	+3.29%	+7.41%
2019	+21.55%	+25.16%
2018	-18.30%	-14.95%
2017	+25.61%	+14.27%
2016	+6.81%	+17.52%
2015	-1.07%	-4.89%
2014	-5.04%	-1.33%
2013	+19.26%	-16.02%
2012	+5.81%	+22.51%
2011	N/A	+10.49%
2010	N/A	+12.77%
2009	N/A	+51.98%
2008	N/A	-21.64%
2007	N/A	+7.90%
2006	N/A	+11.12%
2005	N/A	+6.97%
2004	N/A	+6.28%
2003	N/A	+0.90%

TLTD vs EMD Drawdown Comparison

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

The maximum drawdown for EMD was -48.11%, occurring on Nov 20, 2008. Recovery took 297 trading sessions.

The current TLTD drawdown is -1.98%. The current EMD drawdown is -1.05%.

Rank	TLTD	EMD
#1	-40.60% Jan 26, 2018 - Jan 6, 2021	-48.11% Jun 3, 2008 - Aug 6, 2009
#2	-28.93% Sep 3, 2021 - Mar 1, 2024	-46.44% Feb 21, 2020 - Dec 17, 2020
#3	-24.90% Jul 2, 2014 - Apr 25, 2017	-40.44% Sep 2, 2021 - Oct 2, 2024
#4	-13.10% Mar 19, 2025 - Apr 28, 2025	-29.53% Mar 12, 2013 - Apr 20, 2017
#5	-12.11% Feb 26, 2026 - Mar 20, 2026	-26.07% Jan 27, 2004 - Sep 24, 2004
#6	-10.13% May 21, 2013 - Aug 13, 2013	-18.70% Jan 16, 2018 - Jun 21, 2019
#7	-8.83% Sep 26, 2024 - Mar 5, 2025	-13.52% May 29, 2007 - Oct 5, 2007
#8	-7.25% Jul 16, 2024 - Aug 21, 2024	-13.33% Feb 18, 2026 - Mar 30, 2026
#9	-6.34% Jan 21, 2014 - Feb 24, 2014	-12.48% Sep 2, 2011 - Dec 23, 2011
#10	-6.16% Jun 14, 2021 - Sep 3, 2021	-11.83% Mar 25, 2025 - Jun 4, 2025
#11	-4.90% Oct 17, 2012 - Dec 4, 2012	-11.04% Feb 8, 2005 - Sep 9, 2005
#12	-4.76% Nov 12, 2025 - Nov 28, 2025	-10.28% Apr 23, 2010 - Jul 21, 2010
#13	-4.29% Mar 27, 2024 - May 9, 2024	-9.97% Nov 5, 2010 - May 10, 2011
#14	-4.09% Jan 8, 2021 - Feb 8, 2021	-9.74% Aug 3, 2011 - Sep 2, 2011
#15	-3.91% Aug 27, 2024 - Sep 19, 2024	-9.13% Oct 8, 2009 - Dec 24, 2009

Correlation

Correlation between TLTD and EMD is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2004 - 2026)

TLTD vs EMD dividend yield comparison.

Year	TLTD	EMD
2026	1.57%	5.33%
2025	3.44%	10.44%
2024	3.88%	10.57%
2023	3.39%	9.97%
2022	2.76%	11.09%
2021	3.44%	8.44%
2020	2.04%	8.45%
2019	3.46%	8.41%
2018	3.16%	9.76%
2017	2.71%	7.78%
2016	2.93%	9.99%
2015	2.56%	9.54%
2014	3.14%	9.01%
2013	1.14%	8.37%
2012	0.21%	6.49%
2011	0.00%	7.01%
2010	0.00%	7.48%
2009	0.00%	8.87%
2008	0.00%	13.34%
2007	0.00%	7.73%
2006	0.00%	9.19%
2005	0.00%	14.13%
2004	0.00%	8.88%