- ISIN
- US33939L7534
- CUSIP
- 33939L753
- Issuer
- Northern Trust
- Inception Date
- Sep 24, 2015
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust US Long Corporate Bond Quality Value Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $30M
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $58.38K
Share Price Chart
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Performance
LKOR Performance Chart
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) is down 2.8% since the beginning of the year. LKOR is currently trading at $40 per share. Investors who bought $1,000 worth of LKOR shares 5 years ago would now be looking at an investment worth $844.
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Returns By Period
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has returned -2.75% so far this year and -0.40% over the past 12 months. Over the last ten years, LKOR has returned 1.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund
- 1D
- -0.37%
- 1M
- -3.85%
- 6M
- -3.07%
- YTD
- -2.75%
- 1Y
- -0.40%
- 3Y*
- 3.39%
- 5Y*
- -3.33%
- 10Y*
- 1.74%
- ALL TIME*
- 2.78%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LKOR Monthly Returns History
Based on dividend-adjusted daily data since Sep 24, 2015, LKOR's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.33% | 1.78% | -2.86% | 0.07% | 1.65% | 0.35% | -3.96% | -2.75% | |||||
| 2025 | 0.07% | 3.55% | -1.36% | -1.31% | -0.50% | 3.31% | -0.23% | 0.78% | 3.29% | 0.20% | 0.75% | -1.54% | 7.04% |
| 2024 | -0.70% | -2.39% | 2.03% | -4.88% | 3.12% | 0.50% | 2.86% | 2.62% | 2.70% | -4.40% | 2.48% | -4.38% | -1.02% |
| 2023 | 7.66% | -5.94% | 4.76% | 0.55% | -2.94% | 1.99% | 0.06% | -2.15% | -5.30% | -3.87% | 10.84% | 7.01% | 11.64% |
| 2022 | -5.31% | -3.46% | -3.02% | -10.36% | 1.77% | -4.72% | 5.60% | -5.62% | -8.22% | -2.13% | 10.23% | -2.10% | -25.55% |
| 2021 | -2.65% | -3.63% | -2.18% | 1.67% | 0.69% | 3.98% | 2.25% | -0.41% | -2.26% | 1.76% | 0.13% | -0.57% | -1.51% |
Benchmark Metrics
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund has an annualized alpha of 0.89%, beta of 0.19, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since September 24, 2015.
- This ETF participated in 60.50% of S&P 500 Index downside but only 35.45% 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.
- Alpha
- 0.89%
- Beta
- 0.19
- R²
- 0.07
- Upside Capture
- 35.45%
- Downside Capture
- 60.50%
Expense Ratio
LKOR has an expense ratio of 0.22%, which is considered low.
Return for Risk
Risk / Return Rank
LKOR ranks 12 for risk / return — above 12% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LKOR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.00 | -1.89 |
| Martin ratioReturn relative to average drawdown | 0.24 | 8.49 | -8.25 |
Dividends
Dividend History
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund provided a 5.41% dividend yield over the last twelve months, with an annual payout of $2.17 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.17 | $2.36 | $2.32 | $2.19 | $1.99 | $2.79 | $4.12 | $2.15 | $2.05 | $2.07 | $2.77 | $0.60 |
Dividend yield | 5.41% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.25 | $0.17 | $0.20 | $0.20 | $0.21 | $0.20 | $1.24 | |||||
| 2025 | $0.00 | $0.23 | $0.18 | $0.20 | $0.20 | $0.20 | $0.21 | $0.20 | $0.17 | $0.19 | $0.18 | $0.39 | $2.36 |
| 2024 | $0.00 | $0.20 | $0.19 | $0.20 | $0.19 | $0.17 | $0.18 | $0.20 | $0.20 | $0.20 | $0.19 | $0.40 | $2.32 |
| 2023 | $0.00 | $0.18 | $0.16 | $0.18 | $0.18 | $0.19 | $0.18 | $0.19 | $0.18 | $0.18 | $0.19 | $0.38 | $2.19 |
| 2022 | $0.00 | $0.16 | $0.14 | $0.16 | $0.16 | $0.17 | $0.16 | $0.17 | $0.17 | $0.17 | $0.17 | $0.36 | $1.99 |
| 2021 | $0.00 | $0.14 | $0.15 | $0.16 | $0.14 | $0.16 | $0.17 | $0.15 | $0.16 | $0.15 | $0.15 | $1.25 | $2.79 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 16.63%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.78%Oct 2022 | 1y 1mo | — | 4y 10moSep 2021 - now | Bear market2022 |
-28.32%Mar 2020 | 10d | 3mo 13d | 3mo 23dMar 2020 - Jun 2020 | COVID crash2020 |
-11.05%Nov 2018 | 11mo 1d | 6mo 10d | 1y 5moDec 2017 - May 2019 | Rate-hike selloffLate 2018 |
-10.65%Mar 2017 | 6mo 13d | 4mo 10d | 10mo 23dSep 2016 - Jul 2017 | — |
-10.31%Mar 2021 | 2mo 13d | 4mo 3d | 6mo 16dJan 2021 - Jul 2021 | — |
Drawdown Indicators
| LKOR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -56.78% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -9.10% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -10.02% | -18.90% | +8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.78% | -25.43% | -9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -33.92% | -0.86% |
Current DrawdownCurrent decline from peak | -16.63% | -1.58% | -15.05% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -10.70% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.14% | +0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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