FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR)

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The chart shows the growth of an initial investment of $10,000 in FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has returned -0.80% so far this year and 3.88% over the past 12 months. Over the last ten years, LKOR has returned 2.68% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 24, 2015, LKOR's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, your investment would double in approximately 18.7 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +10.8%, while the worst month was Apr 2022 at -10.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, LKOR closed higher 48% of trading days. The best single day was Mar 23, 2020 with a return of +9.8%, while the worst single day was Mar 12, 2020 at -7.8%.

FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund has an annualized alpha of 1.45%, beta of 0.19, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since September 25, 2015.

• This ETF participated in 58.50% of S&P 500 Index downside but only 37.07% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.19 may look defensive, but with R² of 0.07 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.07 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LKOR has an expense ratio of 0.22%, which is considered low.

LKOR ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and compare them to a chosen benchmark (S&P 500 Index).

FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund provided a 5.72% dividend yield over the last twelve months, with an annual payout of $2.38 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund was 34.78%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund drawdown is 14.96%.

The chart below shows the rolling one-month volatility.