TLTD vs IETC

Comparison between FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF) and ISHARES U.S. TECH INDEPENDENCE FOCUSED ETF (IETC, ETF).

5-Year PerformanceIETC has outperformed TLTD, delivering a return of +13.7% compared to +11.2%

TLTD vs IETC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TLTD(ETF)	IETC(ETF)
Net Assets	$670M	$668M
Expense Ratio	0.39%	0.18%
Max Drawdown	44.58%	38.92%
Sharpe Ratio	1.27	0.40
5Y Beta	0.70	1.37
P/E Ratio	N/A	31.67
Forward P/E	N/A	19.69
PEG Ratio	N/A	0.15
5Y Dividends CAGR	17.49%	14.16%
5Y EPS CAGR	N/A	38.88%
Debt to Equity	N/A	49.17%
P/S Ratio	N/A	7.19
P/B Ratio	N/A	7.87

Net Assets

Winner

TLTD

$670M

IETC

$668M

Expense Ratio

TLTD

0.39%

Winner

IETC

0.18%

Max Drawdown

TLTD

44.58%

Winner

IETC

38.92%

Sharpe Ratio

Winner

TLTD

1.27

IETC

0.40

5Y Beta

Winner

TLTD

0.70

IETC

1.37

P/E Ratio

TLTD

N/A

IETC

31.67

Forward P/E

TLTD

N/A

IETC

19.69

PEG Ratio

TLTD

N/A

IETC

0.15

5Y Dividends CAGR

Winner

TLTD

17.49%

IETC

14.16%

5Y EPS CAGR

TLTD

N/A

IETC

38.88%

Debt to Equity

TLTD

N/A

IETC

49.17%

P/S Ratio

TLTD

N/A

IETC

7.19

P/B Ratio

TLTD

N/A

IETC

7.87

TLTD vs IETC - Holdings Comparison

TLTD and IETC have 1 common holdings. Overlap is 0.00%

TLTD's top 25 holdings weight is 12.74%. IETC's top 25 holdings weight is 79.91%.

Rank	TLTD	IETC
#1	HSBC HOLDINGS PLC (n/a) - 0.84%	NVIDIA CORP (NVDA) - 13.40%
#2	SHELL PLC (n/a) - 0.83%	BROADCOM INC (AVGO) - 8.83%
#3	TOYOTA MOTOR CORP (n/a) - 0.81%	MICRON TECHNOLOGY INC (MU) - 4.71%
#4	SAP SE (n/a) - 0.66%	ADVANCED MICRO DEVICES INC (AMD) - 4.43%
#5	ASML HOLDING NV (n/a) - 0.61%	AMAZON.COM INC (AMZN) - 4.39%
#6	ALLIANZ SE (n/a) - 0.60%	MICROSOFT CORP (MSFT) - 4.36%
#7	NESTLE SA (n/a) - 0.51%	APPLE INC (AAPL) - 3.82%
#8	ASTRAZENECA PLC (n/a) - 0.51%	n/a (PLTR) - 3.45%
#9	NOVARTIS AG REGISTERED SHARES (n/a) - 0.51%	ALPHABET INC CLASS A (GOOGL) - 3.16%
#10	BANCO SANTANDER SA (n/a) - 0.50%	LAM RESEARCH CORP (LRCX) - 2.80%
#11	THE TORONTO-DOMINION BANK (TD) - 0.48%	ALPHABET INC CLASS C (GOOG) - 2.64%
#12	LLOYDS BANKING GROUP PLC (n/a) - 0.48%	CISCO SYSTEMS INC (CSCO) - 2.41%
#13	ROCHE HOLDING AG (n/a) - 0.48%	META PLATFORMS INC CLASS A (META) - 2.39%
#14	DEUTSCHE TELEKOM AG (n/a) - 0.47%	ORACLE CORP (ORCL) - 2.26%
#15	TOTALENERGIES SE (n/a) - 0.47%	ARISTA NETWORKS INC (ANET) - 2.21%
#16	UNICREDIT SPA (n/a) - 0.45%	FORTINET INC (FTNT) - 1.87%
#17	BRITISH AMERICAN TOBACCO PLC (n/a) - 0.43%	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.79%
#18	COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.42%	MOODYS CORP (MCO) - 1.58%
#19	SIEMENS AG (n/a) - 0.41%	VERISIGN INC (VRSN) - 1.52%
#20	ROYAL BANK OF CANADA (RY) - 0.41%	MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.45%
#21	BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.39%	BOEING CO (BA) - 1.41%
#22	SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 0.38%	INTERCONTINENTAL EXCHANGE INC (ICE) - 1.34%
#23	BNP PARIBAS ACT. CAT.A (n/a) - 0.37%	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.30%
#24	MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.36%	MARVELL TECHNOLOGY INC (MRVL) - 1.20%
#25	JAPANESE YEN (n/a) - 0.36%	SANDISK CORP ORDINARY SHARES (SNDK) - 1.19%
Total Holdings	2158	105

TLTD vs IETC - Historical Returns

Returns include dividend reinvestment.

Period	TLTD	IETC
1 month	+6.34%	+6.37%
3 months	+5.48%	-2.03%
6 months	+4.41%	+16.72%
1 year	+25.20%	+11.50%
5 years(CAGR)	+11.24%	+13.66%
10 years(CAGR)	+10.02%	+20.31%
Max(CAGR)	+8.65%	+20.31%

TLTD

+6.34%

Winner

IETC

+6.37%

Winner

TLTD

+5.48%

IETC

-2.03%

TLTD

+4.41%

Winner

IETC

+16.72%

Winner

TLTD

+25.20%

IETC

+11.50%

5Y(CAGR)

TLTD

+11.24%

Winner

IETC

+13.66%

10Y(CAGR)

TLTD

+10.02%

Winner

IETC

+20.31%

Max(CAGR)

TLTD

+8.65%

Winner

IETC

+20.31%

TLTD vs IETC - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	TLTD	IETC
2026	+14.70%	+6.90%
2025	+39.87%	+19.55%
2024	+5.94%	+40.36%
2023	+16.61%	+53.97%
2022	-14.24%	-33.14%
2021	+12.78%	+31.93%
2020	+3.29%	+43.99%
2019	+21.55%	+42.10%
2018	-18.30%	-3.49%
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 IETC Drawdown Comparison

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

The maximum drawdown for IETC was -38.48%, occurring on Nov 3, 2022. Recovery took 496 trading sessions.

The current IETC drawdown is -9.10%.

Rank	TLTD	IETC
#1	-40.60% Jan 26, 2018 - Jan 6, 2021	-38.48% Dec 27, 2021 - Dec 15, 2023
#2	-28.93% Sep 3, 2021 - Mar 1, 2024	-30.07% Feb 19, 2020 - Jun 5, 2020
#3	-24.90% Jul 2, 2014 - Apr 25, 2017	-25.17% Feb 18, 2025 - Jun 10, 2025
#4	-13.10% Mar 19, 2025 - Apr 28, 2025	-23.37% Aug 29, 2018 - Apr 2, 2019
#5	-12.11% Feb 26, 2026 - Jul 30, 2026	-21.19% Oct 29, 2025 - May 14, 2026
#6	-10.13% May 21, 2013 - Aug 13, 2013	-17.78% Jun 1, 2026 - Jul 29, 2026
#7	-8.83% Sep 26, 2024 - Mar 5, 2025	-12.85% Sep 2, 2020 - Dec 8, 2020
#8	-7.25% Jul 16, 2024 - Aug 21, 2024	-11.50% Jul 10, 2024 - Sep 19, 2024
#9	-6.34% Jan 21, 2014 - Feb 24, 2014	-10.88% Apr 29, 2019 - Jul 2, 2019
#10	-6.16% Jun 14, 2021 - Sep 3, 2021	-9.89% Feb 12, 2021 - Apr 8, 2021
#11	-4.90% Oct 17, 2012 - Dec 4, 2012	-8.07% Jul 26, 2019 - Nov 8, 2019
#12	-4.76% Nov 12, 2025 - Nov 28, 2025	-8.04% Mar 7, 2024 - May 28, 2024
#13	-4.29% Mar 27, 2024 - May 9, 2024	-7.98% Apr 26, 2021 - Jun 11, 2021
#14	-4.09% Jan 8, 2021 - Feb 8, 2021	-7.65% Sep 7, 2021 - Oct 29, 2021
#15	-3.91% Aug 27, 2024 - Sep 19, 2024	-6.01% Dec 16, 2024 - Jan 22, 2025

Correlation

Correlation between TLTD and IETC is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2012 - 2026)

TLTD vs IETC dividend yield comparison.

Year	TLTD	IETC
2026	1.48%	0.17%
2025	3.44%	0.38%
2024	3.88%	0.52%
2023	3.39%	0.79%
2022	2.76%	0.92%
2021	3.44%	0.73%
2020	2.04%	0.48%
2019	3.46%	0.95%
2018	3.16%	1.27%
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%