TDTT — FlexShares iBoxx 3-Year Target Duration TIPS Index Fund

TDTT Price Performance — Growth of $10,000

Value of a $10,000 investment in TDTT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

TDTT Drawdown

The "underwater" chart: TDTT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund, trading under the ticker TDTT, operates within the US Bonds - TIPS category managed by Flexshares Trust. This fund holds an asset base of $2.56 billion and trades at a price of $23.68 per share. It currently carries an ETFValuer grade of C with a score of 52.2 out of 100, ranking #364 among 458 tracked ETFs across all categories. The fund charges an expense ratio of 0.18% while offering a dividend yield of 4.57%. With 6 ETFs tracked in its specific category, the fund represents a mid-tier option in terms of category size. The combination of its substantial assets under management and moderate pricing suggests a level of investor adoption consistent with its established position in the fixed income sector.

Short-term performance shows mixed results with a 1-day gain of +0.04% followed by a 1-week decline of -0.21%. The fund recovered slightly over the month with a +0.26% return, though the 3-month period ended in a -0.23% loss. Year-to-date returns stand at +1.34%, matching the 6-month return of +1.39%. Over the longer term, the fund has posted a 1-year return of +2.88% and a 3-year return of +15.08%. This trajectory indicates a divergence where short-term fluctuations have been muted compared to the more robust gains accumulated over the three-year horizon.

The fund is classified with a Very Low volatility label and exhibits a beta of 0.33, suggesting limited sensitivity to broader market movements. Despite this low volatility, the Sharpe ratio is recorded at -1.11, indicating that risk-adjusted returns have been negative over the measured period. The maximum drawdown was limited to -1.52%, reflecting the fund's ability to contain losses during market downturns. This combination of low beta and shallow drawdowns contrasts with the negative Sharpe ratio, implying that while the fund avoids severe drops, its returns have not sufficiently compensated for the risks taken. The data points to a defensive profile where capital preservation is prioritized over generating positive excess returns relative to the risk-free rate.

AI-generated summary based on the data on this page.

TDTT Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 64.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how TDTT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With TDTT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with TDTT's top 10 — SGOV overlaps most, holding 1 of the same companies as TDTT's top 10 (64.9% of TDTT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.26% (as of 2026-07-24) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

TDTT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.00% and average daily volume is 206K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.56B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: TDTT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

TDTT Performance History

How TDTT Compares to Other US Bonds - TIPS ETFs