FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)
SKOR is a passive ETF by Northern Trust tracking the investment results of the NorthernTrustUS Corporate Bond Quality Value Index. SKOR launched on Nov 12, 2014 and has a 0.22% expense ratio.
ETF Info
| ISIN | US33939L7617 |
|---|---|
| CUSIP | 33939L761 |
| Issuer | Northern Trust |
| Inception Date | Nov 12, 2014 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Leveraged | 1x |
| Index Tracked | NorthernTrustUS Corporate Bond Quality Value Index |
| Asset Class | Bond |
Expense Ratio
SKOR has an expense ratio of 0.22%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SKOR vs. CORP, SKOR vs. IGSB, SKOR vs. JEPI, SKOR vs. SPIB, SKOR vs. FBND, SKOR vs. GABF, SKOR vs. ^GSPC, SKOR vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares Credit-Scored US 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.
Returns By Period
FlexShares Credit-Scored US Corporate Bond Index Fund had a return of 4.03% year-to-date (YTD) and 8.68% in the last 12 months. Over the past 10 years, FlexShares Credit-Scored US Corporate Bond Index Fund had an annualized return of 2.83%, while the S&P 500 had an annualized return of 11.31%, indicating that FlexShares Credit-Scored US Corporate Bond Index Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.03% | 24.72% |
| 1 month | -1.14% | 2.30% |
| 6 months | 3.47% | 12.31% |
| 1 year | 8.68% | 32.12% |
| 5 years (annualized) | 1.74% | 13.81% |
| 10 years (annualized) | 2.83% | 11.31% |
Monthly Returns
The table below presents the monthly returns of SKOR, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | -0.80% | 1.02% | -1.39% | 1.49% | 0.51% | 2.01% | 1.46% | 1.23% | -1.58% | 4.03% | ||
| 2023 | 3.03% | -2.19% | 2.00% | 0.70% | -0.84% | -0.17% | 0.86% | -0.27% | -1.39% | -0.85% | 3.77% | 2.94% | 7.64% |
| 2022 | -1.87% | -1.15% | -2.43% | -3.11% | 0.91% | -2.05% | 2.68% | -2.47% | -3.30% | -0.45% | 3.36% | -0.24% | -9.88% |
| 2021 | -0.46% | -1.09% | -0.68% | 0.78% | 0.47% | 0.40% | 0.69% | -0.14% | -0.63% | -0.50% | -0.39% | 0.16% | -1.40% |
| 2020 | 1.67% | 1.01% | -4.60% | 4.00% | 2.19% | 1.59% | 1.40% | -0.13% | -0.25% | 0.00% | 1.35% | 0.51% | 8.84% |
| 2019 | 2.25% | 0.25% | 1.63% | 0.40% | 0.88% | 2.10% | 0.18% | 1.88% | -0.50% | 0.24% | 0.68% | 0.25% | 10.69% |
| 2018 | -1.51% | -1.04% | 0.17% | -0.48% | 0.42% | -0.42% | 0.70% | 0.47% | -0.27% | -0.32% | -0.19% | 1.27% | -1.24% |
| 2017 | 0.50% | 0.79% | -0.08% | 0.73% | 1.04% | 0.23% | 0.45% | 0.31% | -0.14% | 0.41% | -0.33% | 0.40% | 4.39% |
| 2016 | 0.71% | 0.23% | 1.94% | 0.88% | -0.24% | 1.27% | 0.29% | 0.32% | -0.14% | -0.46% | -2.43% | 0.33% | 2.67% |
| 2015 | 2.13% | -0.49% | 0.43% | 0.11% | -0.06% | -1.08% | 0.31% | 0.23% | 0.96% | -0.52% | 0.23% | -0.35% | 1.86% |
| 2014 | 0.30% | 0.21% | 0.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SKOR is 62, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares Credit-Scored US Corporate Bond Index Fund provided a 4.84% dividend yield over the last twelve months, with an annual payout of $2.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.32 | $1.87 | $1.19 | $1.35 | $1.86 | $1.84 | $1.39 | $1.25 | $1.37 | $1.13 | $0.16 |
Dividend yield | 4.84% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Credit-Scored US 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.19 | $0.18 | $0.20 | $0.19 | $0.20 | $0.20 | $0.20 | $0.20 | $0.18 | $0.20 | $1.94 | |
| 2023 | $0.00 | $0.12 | $0.12 | $0.13 | $0.14 | $0.15 | $0.15 | $0.16 | $0.17 | $0.17 | $0.18 | $0.38 | $1.87 |
| 2022 | $0.00 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.25 | $1.19 |
| 2021 | $0.00 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.57 | $1.35 |
| 2020 | $0.00 | $0.13 | $0.11 | $0.12 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.78 | $1.86 |
| 2019 | $0.00 | $0.15 | $0.13 | $0.14 | $0.14 | $0.15 | $0.13 | $0.14 | $0.14 | $0.13 | $0.13 | $0.48 | $1.84 |
| 2018 | $0.00 | $0.11 | $0.10 | $0.12 | $0.10 | $0.12 | $0.12 | $0.12 | $0.13 | $0.12 | $0.13 | $0.22 | $1.39 |
| 2017 | $0.00 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $0.21 | $1.25 |
| 2016 | $0.00 | $0.09 | $0.10 | $0.09 | $0.11 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.40 | $1.37 |
| 2015 | $0.00 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.06 | $0.11 | $0.20 | $1.13 |
| 2014 | $0.16 | $0.16 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Credit-Scored US 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 US Corporate Bond Index Fund was 15.98%, occurring on Mar 19, 2020. Recovery took 48 trading sessions.
The current FlexShares Credit-Scored US Corporate Bond Index Fund drawdown is 1.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.98% | Mar 5, 2020 | 11 | Mar 19, 2020 | 48 | May 28, 2020 | 59 |
| -15.13% | Aug 4, 2021 | 307 | Oct 20, 2022 | 469 | Sep 4, 2024 | 776 |
| -4.09% | Dec 19, 2017 | 93 | May 17, 2018 | 141 | Jan 30, 2019 | 234 |
| -3.84% | Sep 8, 2016 | 63 | Dec 16, 2016 | 107 | May 31, 2017 | 170 |
| -3.52% | Apr 7, 2015 | 30 | Jun 10, 2015 | 174 | Mar 18, 2016 | 204 |
Volatility
Volatility Chart
The current FlexShares Credit-Scored US Corporate Bond Index Fund volatility is 1.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.