TLTE vs MXI
Comparison between FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX FUND (TLTE, ETF) and ISHARES GLOBAL MATERIALS ETF (MXI, ETF).
5-Year PerformanceTLTE has outperformed MXI, delivering a return of +8.7% compared to +8.0%
TLTE vs MXI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TLTE
$362M
MXI
$362M
Expense Ratio
TLTE
0.57%
Winner
MXI
0.39%
Max Drawdown
Winner
TLTE
47.60%
MXI
68.65%
Sharpe Ratio
Winner
TLTE
1.81
MXI
1.33
5Y Beta
Winner
TLTE
0.75
MXI
0.81
5Y Dividends CAGR
Winner
TLTE
12.10%
MXI
9.33%
TLTE vs MXI - Holdings Comparison
TLTE and MXI have 1 common holdings. Overlap is -0.02%
TLTE's top 25 holdings weight is 23.99%. MXI's top 25 holdings weight is 66.25%.
| Rank | TLTE | MXI |
|---|---|---|
| #1 | n/a (n/a) - 5.87% | LINDE PLC (LIN) - 7.44% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.54% | BHP GROUP LTD (n/a) - 7.27% |
| #3 | SK HYNIX INC (n/a) - 2.52% | AIR LIQUIDE SA (n/a) - 3.82% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 1.68% | NEWMONT CORP (NEM) - 3.78% |
| #5 | n/a (n/a) - 1.20% | RIO TINTO PLC ORDINARY SHARES (n/a) - 3.69% |
| #6 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.74% | SHIN-ETSU CHEMICAL CO LTD (n/a) - 3.11% |
| #7 | PDD HOLDINGS INC ADR (PDD) - 0.55% | FREEPORT-MCMORAN INC (FCX) - 3.09% |
| #8 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.55% | AGNICO EAGLE MINES LTD (n/a) - 2.84% |
| #9 | n/a (n/a) - 0.54% | GLENCORE PLC (n/a) - 2.41% |
| #10 | n/a (n/a) - 0.52% | CRH PLC (CRH) - 2.29% |
| #11 | RELIANCE INDUSTRIES LTD (n/a) - 0.46% | BARRICK MINING CORP (n/a) - 2.27% |
| #12 | CASH (n/a) - 0.42% | SHERWIN-WILLIAMS CO (SHW) - 2.18% |
| #13 | VALE SA (n/a) - 0.40% | ANGLO AMERICAN PLC (n/a) - 2.06% |
| #14 | HDFC BANK LTD (n/a) - 0.39% | ECOLAB INC (ECL) - 2.05% |
| #15 | DELTA ELECTRONICS INC (n/a) - 0.37% | AIR PRODUCTS AND CHEMICALS INC (APD) - 1.99% |
| #16 | BANK OF CHINA LTD CLASS H (n/a) - 0.35% | WHEATON PRECIOUS METALS CORP (WPM) - 1.88% |
| #17 | HYUNDAI MOTOR CO (n/a) - 0.35% | VALE SA ADR (VALE) - 1.87% |
| #18 | MEDIATEK INC (n/a) - 0.35% | NUCOR CORP (NUE) - 1.84% |
| #19 | n/a (n/a) - 0.35% | BASF SE (n/a) - 1.69% |
| #20 | n/a (n/a) - 0.33% | CORTEVA INC (CTVA) - 1.67% |
| #21 | INTERNATIONAL HOLDINGS CO PJSC (n/a) - 0.33% | RIO TINTO LTD (n/a) - 1.61% |
| #22 | XIAOMI CORP CLASS B (n/a) - 0.30% | HOLCIM LTD (n/a) - 1.56% |
| #23 | n/a (n/a) - 0.30% | FRANCO-NEVADA CORP (FNV) - 1.41% |
| #24 | HD CONSTRUCTION EQUIPMENT (n/a) - 0.29% | GRUPO MEXICO SAB DE CV CLASS B (n/a) - 1.24% |
| #25 | ICICI BANK LTD (n/a) - 0.29% | VULCAN MATERIALS CO (VMC) - 1.19% |
| Total Holdings | 2463 | 107 |
TLTE vs MXI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TLTE
+7.32%
MXI
+1.54%
3M
Winner
TLTE
+18.09%
MXI
+8.69%
6M
Winner
TLTE
+29.21%
MXI
+16.71%
1Y
Winner
TLTE
+47.02%
MXI
+33.71%
5Y(CAGR)
Winner
TLTE
+8.66%
MXI
+7.96%
10Y(CAGR)
TLTE
+10.00%
Winner
MXI
+11.51%
Max(CAGR)
TLTE
+6.26%
Winner
MXI
+6.69%
TLTE vs MXI - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | TLTE | MXI |
|---|---|---|
| 2026 | +24.03% | +13.73% |
| 2025 | +30.52% | +27.65% |
| 2024 | +4.53% | -7.48% |
| 2023 | +12.92% | +14.37% |
| 2022 | -17.88% | -8.61% |
| 2021 | +3.78% | +13.65% |
| 2020 | +10.36% | +22.08% |
| 2019 | +14.45% | +22.32% |
| 2018 | -19.05% | -17.31% |
| 2017 | +31.58% | +29.31% |
| 2016 | +15.54% | +25.67% |
| 2015 | -12.45% | -16.71% |
| 2014 | -2.23% | -7.30% |
| 2013 | -4.39% | -0.41% |
| 2012 | +6.36% | +7.02% |
| 2011 | N/A | -20.83% |
| 2010 | N/A | +16.37% |
| 2009 | N/A | +56.48% |
| 2008 | N/A | -48.27% |
| 2007 | N/A | +39.00% |
| 2006 | N/A | +16.65% |
TLTE vs MXI Drawdown Comparison
The maximum drawdown for TLTE was -44.20%, occurring on Mar 23, 2020. Recovery took 743 trading sessions.
The maximum drawdown for MXI was -68.44%, occurring on Nov 20, 2008. Recovery took 2431 trading sessions.
The current MXI drawdown is -4.46%.
| Rank | TLTE | MXI |
|---|---|---|
| #1 | -44.20% Jan 26, 2018 - Jan 8, 2021 | -68.44% May 19, 2008 - Jan 12, 2018 |
| #2 | -33.82% Sep 5, 2014 - Jun 2, 2017 | -39.50% Jan 26, 2018 - Aug 17, 2020 |
| #3 | -33.49% Jun 4, 2021 - Jun 9, 2025 | -28.72% Apr 1, 2022 - Mar 20, 2024 |
| #4 | -16.76% Jan 3, 2013 - Jul 3, 2014 | -22.25% Sep 26, 2024 - Sep 5, 2025 |
| #5 | -13.04% Feb 25, 2026 - May 1, 2026 | -18.11% Oct 29, 2007 - Apr 16, 2008 |
| #6 | -8.01% Jun 2, 2026 - Jun 18, 2026 | -17.47% Jul 23, 2007 - Sep 21, 2007 |
| #7 | -6.42% Feb 17, 2021 - Apr 26, 2021 | -16.18% Feb 27, 2026 - Mar 20, 2026 |
| #8 | -5.46% May 8, 2026 - May 26, 2026 | -11.52% May 7, 2021 - Mar 25, 2022 |
| #9 | -5.41% Jan 21, 2021 - Feb 8, 2021 | -9.16% Feb 26, 2007 - Mar 21, 2007 |
| #10 | -4.44% Oct 29, 2025 - Dec 26, 2025 | -8.99% May 20, 2024 - Sep 24, 2024 |
| #11 | -4.43% May 7, 2021 - May 28, 2021 | -8.16% Sep 15, 2020 - Nov 6, 2020 |
| #12 | -4.40% Nov 22, 2017 - Dec 27, 2017 | -7.95% Jan 7, 2021 - Mar 11, 2021 |
| #13 | -4.15% Oct 17, 2012 - Dec 5, 2012 | -5.69% Oct 12, 2007 - Oct 29, 2007 |
| #14 | -3.94% Oct 6, 2025 - Oct 20, 2025 | -5.56% Oct 20, 2025 - Nov 12, 2025 |
| #15 | -3.60% Jul 23, 2014 - Aug 19, 2014 | -5.44% Nov 12, 2025 - Nov 28, 2025 |
Correlation
Correlation between TLTE and MXI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2006 - 2026)
TLTE vs MXI dividend yield comparison.
| Year | TLTE | MXI |
|---|---|---|
| 2026 | 0.34% | 1.02% |
| 2025 | 3.76% | 2.22% |
| 2024 | 3.73% | 3.24% |
| 2023 | 4.03% | 2.92% |
| 2022 | 4.42% | 4.84% |
| 2021 | 3.21% | 3.51% |
| 2020 | 1.95% | 1.21% |
| 2019 | 3.23% | 3.64% |
| 2018 | 3.02% | 2.77% |
| 2017 | 2.12% | 1.76% |
| 2016 | 2.30% | 1.31% |
| 2015 | 2.00% | 3.64% |
| 2014 | 2.06% | 2.32% |
| 2013 | 0.83% | 2.14% |
| 2012 | 0.10% | 2.09% |
| 2011 | 0.00% | 2.21% |
| 2010 | 0.00% | 1.64% |
| 2009 | 0.00% | 0.73% |
| 2008 | 0.00% | 2.67% |
| 2007 | 0.00% | 0.62% |
| 2006 | 0.00% | 0.29% |
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