TLTE vs VOO
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TLTE delivered stronger 1-year returns. TLTE offers more diversification with 2960 holdings.
Side-by-Side Comparison
| Metric | TLTE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.03% | |
| AUM | $341M | $979.0B | |
| Dividend Yield | 3.24% | 1.09% | |
| Holdings | 3,106 | 509 | |
| YTD Return | +15.96% | +13.79% | |
| 1Y Return | +30.35% | +23.01% | |
| 3Y Return (annualized) | +19.35% | +21.78% | |
| 5Y Return (annualized) | +7.89% | +13.39% | |
| Volatility (annualized) | 16.6% | 14.1% | |
| Max Drawdown | -47.6% | -34.3% | |
| Fund Family | Flexshares Trust | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2012 | Sep 7, 2010 |
TLTE vs VOO Performance
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) is a ETF from Flexshares Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TLTE returned +30.35% while VOO returned +23.01%. Year to date, TLTE is up 15.96% versus a gain of 13.79% for VOO.
Over three years, TLTE compounded at +19.35% per year against +21.78% for VOO; over five years the annualized figures are +7.89% and +13.39% respectively. Across the full 14-year window we track, VOO has the edge at +13.57% annualized vs +4.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TLTE has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.6% for TLTE and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TLTE charges 0.57% per year while VOO charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, TLTE currently yields 3.24% against 1.09% for VOO.
Holdings Overlap
TLTE and VOO share 0 holdings out of 3465 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TLTE or VOO?
TLTE has an expense ratio of 0.57% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, TLTE or VOO?
Over the past year TLTE returned +30.35% vs +23.01% for VOO, so TLTE leads on 1-year performance. Over the longest common window we track (14 years), TLTE annualized +4.37% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, TLTE or VOO?
TLTE has been the more volatile fund at 16.6% annualized versus 14.1% for VOO. Worst drawdown: TLTE -47.6% vs VOO -34.3%.
Should I hold both TLTE and VOO?
TLTE and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TLTE and VOO?
TLTE and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3465 unique securities.
Which pays a higher dividend, TLTE or VOO?
TLTE yields 3.24% while VOO yields 1.09%, so TLTE currently pays the higher dividend yield.
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