FlexShares Morningstar Emerging Markets… (TLTE) Performance
TLTE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.2% since Dec 31, 2025
- 1 year
- +15.2% total return
- 5 years
- +6.8% a year
- 10 years
- +7.4% a year
- Since first price
- +5.3% a year since 2012
TLTE trailing returns vs SPY, QQQ, AGG
| Period | TLTE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.9% | −6.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.4% | −3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.0% | −2.1% | +7.8% | +8.4% | −1.5% |
| YTD | +13.2% | +12.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.2% | +11.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.1%+19.8%/yr | +54.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +38.8%+6.8%/yr | +15.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +104.0%+7.4%/yr | +49.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 28, 2012 | +107.4%+5.3%/yr | +41.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TLTE vs SPY
From Sep 28, 2012: TLTE grew to $20,744, SPY to $67,107.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TLTE returns by calendar year
8 of 13 full years positive. Best 2017 (+32.8%), worst 2018 (−17.4%). 2026 is year to date.
TLTE annual returns table
| Year | TLTE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.2% | −13.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.2% | −13.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.5% | −10.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.6% | −10.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.3% | −29.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +4.8% | −11.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.1% | −36.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +14.5% | −14.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.4% | −27.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +32.8% | −4.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +12.8% | −10.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −12.2% | −26.4% | +1.2% | +9.4% | +0.5% |
| 2014 | −5.0% | −16.7% | +13.5% | +19.2% | +6.0% |
| 2013 | −2.7% | −16.8% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TLTE largest drawdowns
Now 10.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −44.2% | Mar 23, 2020 | Jan 8, 2021 | 2.2 years | 3.0 years |
| Sep 5, 2014 | −33.8% | Jan 20, 2016 | Jun 2, 2017 | 1.4 years | 2.7 years |
| Jun 4, 2021 | −33.5% | Oct 24, 2022 | Jun 9, 2025 | 1.4 years | 4.0 years |
| Jan 3, 2013 | −16.8% | Jun 24, 2013 | Jul 3, 2014 | 6 months | 1.5 years |
| Feb 25, 2026 | −13.0% | Mar 30, 2026 | May 1, 2026 | 33 days | 2 months |
| Jun 22, 2026 | −12.6% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TLTE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +20.9% | +8.6% | +8.0% | +5.8% |
| Volatility (annualized) | 14.6% | 16.5% | 17.1% | 16.5% |
| Sharpe ratio | 1.08 | 0.36 | 0.41 | 0.33 |
| Sortino ratio | 1.97 | 0.59 | 0.61 | 0.49 |
| Best month | +10.9% | +14.3% | +14.3% | +14.3% |
| Worst month | −9.4% | −10.9% | −18.9% | −18.9% |
| Best 12 months | +48.9% | +48.9% | +65.4% | +65.4% |
| Worst 12 months | +3.5% | −27.7% | −27.7% | −27.7% |
| Positive months | 72% | 57% | 61% | 60% |
| Beta vs S&P 500 | 0.74 | 0.68 | 0.79 | — |
| Correlation with S&P 500 | 0.63 | 0.65 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TLTE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 158 | −27.7% | +5.8% | +65.4% | 64% |
| 3-year (a year) | 134 | −9.2% | +3.5% | +23.1% | 73% |
| 5-year (a year) | 110 | −3.3% | +4.4% | +12.5% | 87% |
| 10-year (a year) | 50 | +0.6% | +3.2% | +10.2% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
TLTE performance overview
FlexShares Morningstar Emerging Markets… (TLTE) returned +15.2% over the past year and +7.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +5.3% a year, turning $10,000 into about $20,744. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −44.2%, from Jan 26, 2018 to Mar 23, 2020, and it took 10 months to get back to the old high. TLTE finished 8 of its 13 full calendar years with a gain; the best year was 2017 (+32.8%) and the worst 2018 (−17.4%). Volatility has been 16.5% a year.
Related: TLTE chart, TLTE holdings, TLTE dividends. See the TLTE overview for the latest quote and fund facts.
TLTE performance FAQ
What is the TLTE return over the past year?
TLTE returned +15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.0%.
What is the average annual return of TLTE?
TLTE has returned +6.8% a year over 5 years, +7.4% a year over 10 years, +5.3% a year since September 28, 2012 (total return, distributions reinvested).
How much would $10,000 invested in TLTE be worth?
$10,000 invested in TLTE at its first recorded close on September 28, 2012 would be worth about $20,744 on October 23, 2026 with distributions reinvested.
What was the worst year for TLTE?
The worst calendar year was 2018, with a total return of −17.4%. The best was 2017 at +32.8%.
What is the biggest drawdown of TLTE?
The largest peak-to-trough decline was −44.2% between January 26, 2018 and March 23, 2020. It recovered to the old high on January 8, 2021, 10 months after the bottom.
How volatile is TLTE?
Over the past 3 years TLTE had an annualized volatility of 14.6% and a Sharpe ratio of 1.08 (excess return over 1–3 month T-bills per unit of risk).