TLTE vs CALI
Comparison between FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX FUND (TLTE, ETF) and BlackRock Short-Term California Muni Bond ETF (CALI, ETF).
TLTE vs CALI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TLTE
$362M
CALI
$361M
Expense Ratio
TLTE
0.57%
Winner
CALI
0.20%
Max Drawdown
TLTE
47.60%
Winner
CALI
1.08%
Sharpe Ratio
Winner
TLTE
1.81
CALI
-1.14
5Y Beta
TLTE
0.75
Winner
CALI
0.01
5Y Dividends CAGR
TLTE
12.10%
CALI
N/A
TLTE vs CALI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TLTE
+7.32%
CALI
+0.37%
3M
Winner
TLTE
+18.09%
CALI
+0.49%
6M
Winner
TLTE
+29.21%
CALI
+1.22%
1Y
Winner
TLTE
+47.02%
CALI
+2.91%
5Y(CAGR)
TLTE
+8.66%
CALI
N/A
10Y(CAGR)
TLTE
+10.00%
CALI
N/A
Max(CAGR)
Winner
TLTE
+6.26%
CALI
+3.11%
TLTE vs CALI - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | TLTE | CALI |
|---|---|---|
| 2026 | +24.03% | +0.99% |
| 2025 | +30.52% | +3.26% |
| 2024 | +4.53% | +2.84% |
| 2023 | +12.92% | +1.97% |
| 2022 | -17.88% | N/A |
| 2021 | +3.78% | N/A |
| 2020 | +10.36% | N/A |
| 2019 | +14.45% | N/A |
| 2018 | -19.05% | N/A |
| 2017 | +31.58% | N/A |
| 2016 | +15.54% | N/A |
| 2015 | -12.45% | N/A |
| 2014 | -2.23% | N/A |
| 2013 | -4.39% | N/A |
| 2012 | +6.36% | N/A |
TLTE vs CALI Drawdown Comparison
The maximum drawdown for TLTE was -44.20%, occurring on Mar 23, 2020. Recovery took 743 trading sessions.
The maximum drawdown for CALI was -0.78%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.
The current CALI drawdown is -0.01%.
| Rank | TLTE | CALI |
|---|---|---|
| #1 | -44.20% Jan 26, 2018 - Jan 8, 2021 | -0.78% Apr 4, 2025 - May 27, 2025 |
| #2 | -33.82% Sep 5, 2014 - Jun 2, 2017 | -0.67% Feb 27, 2026 - May 28, 2026 |
| #3 | -33.49% Jun 4, 2021 - Jun 9, 2025 | -0.45% Sep 13, 2023 - Nov 3, 2023 |
| #4 | -16.76% Jan 3, 2013 - Jul 3, 2014 | -0.32% Dec 2, 2024 - Jan 15, 2025 |
| #5 | -13.04% Feb 25, 2026 - May 1, 2026 | -0.31% Mar 20, 2024 - May 2, 2024 |
| #6 | -8.01% Jun 2, 2026 - Jun 18, 2026 | -0.24% Jan 9, 2024 - Feb 1, 2024 |
| #7 | -6.42% Feb 17, 2021 - Apr 26, 2021 | -0.23% Mar 3, 2025 - Apr 1, 2025 |
| #8 | -5.46% May 8, 2026 - May 26, 2026 | -0.22% Jan 17, 2025 - Jan 31, 2025 |
| #9 | -5.41% Jan 21, 2021 - Feb 8, 2021 | -0.22% Oct 3, 2024 - Nov 4, 2024 |
| #10 | -4.44% Oct 29, 2025 - Dec 26, 2025 | -0.19% Sep 17, 2025 - Oct 10, 2025 |
| #11 | -4.43% May 7, 2021 - May 28, 2021 | -0.18% Nov 5, 2024 - Nov 8, 2024 |
| #12 | -4.40% Nov 22, 2017 - Dec 27, 2017 | -0.17% Jan 15, 2025 - Jan 17, 2025 |
| #13 | -4.15% Oct 17, 2012 - Dec 5, 2012 | -0.16% Jun 6, 2024 - Jun 12, 2024 |
| #14 | -3.94% Oct 6, 2025 - Oct 20, 2025 | -0.16% Nov 8, 2024 - Nov 15, 2024 |
| #15 | -3.60% Jul 23, 2014 - Aug 19, 2014 | -0.15% Jul 23, 2024 - Jul 30, 2024 |
Correlation
Correlation between TLTE and CALI is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2012 - 2026)
TLTE vs CALI dividend yield comparison.
| Year | TLTE | CALI |
|---|---|---|
| 2026 | 0.34% | 0.99% |
| 2025 | 3.76% | 2.62% |
| 2024 | 3.73% | 3.14% |
| 2023 | 4.03% | 1.37% |
| 2022 | 4.42% | 0.00% |
| 2021 | 3.21% | 0.00% |
| 2020 | 1.95% | 0.00% |
| 2019 | 3.23% | 0.00% |
| 2018 | 3.02% | 0.00% |
| 2017 | 2.12% | 0.00% |
| 2016 | 2.30% | 0.00% |
| 2015 | 2.00% | 0.00% |
| 2014 | 2.06% | 0.00% |
| 2013 | 0.83% | 0.00% |
| 2012 | 0.10% | 0.00% |
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