TLTD vs IBMQ
Comparison between FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF) and ISHARES IBONDS DEC 2028 TERM MUNI BOND ETF (IBMQ, ETF).
5-Year PerformanceTLTD has outperformed IBMQ, delivering a return of +9.2% compared to +0.5%
TLTD vs IBMQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TLTD
$634M
Winner
IBMQ
$636M
Expense Ratio
TLTD
0.39%
Winner
IBMQ
0.18%
Max Drawdown
TLTD
44.58%
Winner
IBMQ
15.85%
Sharpe Ratio
Winner
TLTD
1.31
IBMQ
-0.13
5Y Beta
TLTD
0.71
Winner
IBMQ
0.03
5Y Dividends CAGR
Winner
TLTD
16.71%
IBMQ
14.79%
TLTD vs IBMQ - Holdings Comparison
TLTD and IBMQ have 1 common holdings. Overlap is -0.03%
TLTD's top 25 holdings weight is 12.74%. IBMQ's top 25 holdings weight is 23.45%.
| Rank | TLTD | IBMQ |
|---|---|---|
| #1 | HSBC HOLDINGS PLC (n/a) - 0.84% | CALIFORNIA ST 5% (n/a) - 2.43% |
| #2 | SHELL PLC (n/a) - 0.83% | n/a (n/a) - 2.01% |
| #3 | TOYOTA MOTOR CORP (n/a) - 0.81% | NEW YORK N Y 5% (n/a) - 1.90% |
| #4 | SAP SE (n/a) - 0.66% | ILLINOIS ST 5% (n/a) - 1.36% |
| #5 | ASML HOLDING NV (n/a) - 0.61% | METROPOLITAN TRANSN AUTH N Y REV 5% (n/a) - 1.24% |
| #6 | ALLIANZ SE (n/a) - 0.60% | PENNSYLVANIA ST 5% (n/a) - 1.21% |
| #7 | NESTLE SA (n/a) - 0.51% | NEW JERSEY ECONOMIC DEV AUTH REV 5% (n/a) - 1.06% |
| #8 | ASTRAZENECA PLC (n/a) - 0.51% | MARYLAND ST 5% (n/a) - 0.91% |
| #9 | NOVARTIS AG REGISTERED SHARES (n/a) - 0.51% | n/a (n/a) - 0.89% |
| #10 | BANCO SANTANDER SA (n/a) - 0.50% | n/a (n/a) - 0.86% |
| #11 | THE TORONTO-DOMINION BANK (TD) - 0.48% | MINNESOTA ST 5% (n/a) - 0.79% |
| #12 | LLOYDS BANKING GROUP PLC (n/a) - 0.48% | WASHINGTON ST 5% (n/a) - 0.73% |
| #13 | ROCHE HOLDING AG (n/a) - 0.48% | CONNECTICUT ST SPL TAX OBLIG REV 5% (n/a) - 0.69% |
| #14 | DEUTSCHE TELEKOM AG (n/a) - 0.47% | DALLAS TEX 5% (n/a) - 0.68% |
| #15 | TOTALENERGIES SE (n/a) - 0.47% | HONOLULU HAWAII CITY & CNTY 5% (n/a) - 0.68% |
| #16 | UNICREDIT SPA (n/a) - 0.45% | LOS ANGELES CALIF DEPT WTR & PWR REV 5% (n/a) - 0.67% |
| #17 | BRITISH AMERICAN TOBACCO PLC (n/a) - 0.43% | NEW JERSEY ST TRANSN TR FD AUTH 5% (n/a) - 0.66% |
| #18 | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.42% | OHIO ST 5% (n/a) - 0.63% |
| #19 | SIEMENS AG (n/a) - 0.41% | TEXAS WTR DEV BRD REV 5% (n/a) - 0.62% |
| #20 | ROYAL BANK OF CANADA (RY) - 0.41% | CONNECTICUT ST 5% (n/a) - 0.59% |
| #21 | BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.39% | NEW MEXICO FIN AUTH REV 5% (n/a) - 0.58% |
| #22 | SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 0.38% | n/a (n/a) - 0.57% |
| #23 | BNP PARIBAS ACT. CAT.A (n/a) - 0.37% | n/a (n/a) - 0.57% |
| #24 | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.36% | ENERGY NORTHWEST WASH ELEC REV 5% (n/a) - 0.57% |
| #25 | JAPANESE YEN (n/a) - 0.36% | n/a (n/a) - 0.55% |
| Total Holdings | 2158 | 785 |
TLTD vs IBMQ - Historical Returns
Returns include dividend reinvestment.
1M
TLTD
-0.24%
Winner
IBMQ
+0.28%
3M
Winner
TLTD
+2.38%
IBMQ
+0.18%
6M
Winner
TLTD
+9.87%
IBMQ
+1.23%
1Y
Winner
TLTD
+24.35%
IBMQ
+3.44%
5Y(CAGR)
Winner
TLTD
+9.17%
IBMQ
+0.50%
10Y(CAGR)
TLTD
+9.23%
IBMQ
N/A
Max(CAGR)
Winner
TLTD
+8.16%
IBMQ
+2.00%
TLTD vs IBMQ - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | TLTD | IBMQ |
|---|---|---|
| 2026 | +5.84% | +0.75% |
| 2025 | +39.87% | +3.96% |
| 2024 | +5.94% | +0.83% |
| 2023 | +16.61% | +3.77% |
| 2022 | -14.24% | -6.60% |
| 2021 | +12.78% | -0.23% |
| 2020 | +3.29% | +6.79% |
| 2019 | +21.55% | +5.39% |
| 2018 | -18.30% | N/A |
| 2017 | +25.61% | N/A |
| 2016 | +6.81% | N/A |
| 2015 | -1.07% | N/A |
| 2014 | -5.04% | N/A |
| 2013 | +19.26% | N/A |
| 2012 | +5.81% | N/A |
TLTD vs IBMQ Drawdown Comparison
The maximum drawdown for TLTD was -40.60%, occurring on Mar 23, 2020. Recovery took 741 trading sessions.
The maximum drawdown for IBMQ was -15.85%, occurring on Mar 23, 2020. Recovery took 88 trading sessions.
The current TLTD drawdown is -3.92%. The current IBMQ drawdown is -0.25%.
| Rank | TLTD | IBMQ |
|---|---|---|
| #1 | -40.60% Jan 26, 2018 - Jan 6, 2021 | -15.85% Mar 9, 2020 - Jul 14, 2020 |
| #2 | -28.93% Sep 3, 2021 - Mar 1, 2024 | -11.60% Feb 11, 2021 - Sep 4, 2025 |
| #3 | -24.90% Jul 2, 2014 - Apr 25, 2017 | -2.44% Aug 28, 2019 - Jan 14, 2020 |
| #4 | -13.10% Mar 19, 2025 - Apr 28, 2025 | -1.87% Aug 7, 2020 - Dec 10, 2020 |
| #5 | -12.11% Feb 26, 2026 - Mar 20, 2026 | -1.13% Feb 27, 2026 - Mar 24, 2026 |
| #6 | -10.13% May 21, 2013 - Aug 13, 2013 | -0.87% Sep 18, 2025 - Jan 5, 2026 |
| #7 | -8.83% Sep 26, 2024 - Mar 5, 2025 | -0.56% Jan 31, 2020 - Feb 20, 2020 |
| #8 | -7.25% Jul 16, 2024 - Aug 21, 2024 | -0.40% Jan 6, 2021 - Jan 27, 2021 |
| #9 | -6.34% Jan 21, 2014 - Feb 24, 2014 | -0.38% Aug 15, 2019 - Aug 28, 2019 |
| #10 | -6.16% Jun 14, 2021 - Sep 3, 2021 | -0.26% Jun 3, 2019 - Jun 18, 2019 |
| #11 | -4.90% Oct 17, 2012 - Dec 4, 2012 | -0.26% Feb 27, 2020 - Mar 6, 2020 |
| #12 | -4.76% Nov 12, 2025 - Nov 28, 2025 | -0.23% Aug 12, 2019 - Aug 14, 2019 |
| #13 | -4.29% Mar 27, 2024 - May 9, 2024 | -0.22% May 17, 2019 - May 23, 2019 |
| #14 | -4.09% Jan 8, 2021 - Feb 8, 2021 | -0.20% May 7, 2019 - May 9, 2019 |
| #15 | -3.91% Aug 27, 2024 - Sep 19, 2024 | -0.19% Jul 3, 2019 - Jul 9, 2019 |
Correlation
Correlation between TLTD and IBMQ is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.67
-101
Dividend Comparison (2012 - 2026)
TLTD vs IBMQ dividend yield comparison.
| Year | TLTD | IBMQ |
|---|---|---|
| 2026 | 0.13% | 1.02% |
| 2025 | 3.44% | 2.43% |
| 2024 | 3.88% | 2.33% |
| 2023 | 3.39% | 1.93% |
| 2022 | 2.76% | 1.25% |
| 2021 | 3.44% | 1.05% |
| 2020 | 2.04% | 1.24% |
| 2019 | 3.46% | 1.03% |
| 2018 | 3.16% | 0.00% |
| 2017 | 2.71% | 0.00% |
| 2016 | 2.93% | 0.00% |
| 2015 | 2.56% | 0.00% |
| 2014 | 3.14% | 0.00% |
| 2013 | 1.14% | 0.00% |
| 2012 | 0.21% | 0.00% |
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