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ISIN
US33939L7617
CUSIP
33939L761
Inception Date
Nov 12, 2014
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
NorthernTrustUS Corporate Bond Quality Value Index
Distribution Policy
Distributing
Asset Class
Bond
Assets Under Management
$707M

Share Price Chart


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Performance

SKOR Performance Chart

FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is up 0.4% since the beginning of the year. SKOR is currently trading at $48 per share. Investors who bought $1,000 worth of SKOR shares 5 years ago would now be looking at an investment worth $1,092.


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S&P 500 Index

Returns By Period

FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) has returned 0.35% so far this year and 4.66% over the past 12 months. Over the last ten years, SKOR has returned 2.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


FlexShares Credit-Scored US Corporate Bond Index Fund

1D
-0.13%
1M
0.39%
YTD
0.35%
6M
0.57%
1Y
4.66%
3Y*
5.95%
5Y*
1.77%
10Y*
2.81%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKOR Monthly Returns History

Based on dividend-adjusted daily data since Nov 13, 2014, SKOR's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +4.0%, while the worst month was Mar 2020 at -4.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SKOR closed higher 50% of trading days. The best single day was Mar 23, 2020 with a return of +4.6%, while the worst single day was Mar 18, 2020 at -4.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.27%0.84%-1.39%0.45%0.34%-0.15%0.35%
20250.69%1.32%0.12%0.35%0.48%1.38%0.19%1.28%0.66%0.33%0.75%0.18%7.99%
20240.20%-0.80%1.01%-1.39%1.49%0.51%2.01%1.46%1.23%-1.58%0.96%-0.69%4.42%
20233.03%-2.19%2.00%0.70%-0.83%-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%

Benchmark Metrics

FlexShares Credit-Scored US Corporate Bond Index Fund has an annualized alpha of 2.35%, beta of 0.06, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since November 13, 2014.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.87%) than losses (13.32%) - typical of diversified or defensive assets.
  • Beta of 0.06 may look defensive, but with R2 of 0.05 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 0.05 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
2.35%
Beta
0.06
0.05
Upside Capture
14.87%
Downside Capture
13.32%

Expense Ratio

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


Return for Risk

Risk / Return Rank

SKOR ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


SKOR Risk / Return Rank: 5050
Overall Rank
SKOR Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SKOR Sortino Ratio Rank: 5555
Sortino Ratio Rank
SKOR Omega Ratio Rank: 5151
Omega Ratio Rank
SKOR Calmar Ratio Rank: 4646
Calmar Ratio Rank
SKOR Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) 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.


SKORBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.31

Sortino ratioReturn per unit of downside risk

-0.19

Omega ratioGain probability vs. loss probability

1.32

1.37

-0.05

Calmar ratioReturn relative to maximum drawdown

2.24

2.78

-0.54

Martin ratioReturn relative to average drawdown

7.73

12.44

-4.71

Dividends

Dividend History

FlexShares Credit-Scored US Corporate Bond Index Fund provided a 4.67% dividend yield over the last twelve months, with an annual payout of $2.26 per share.


2.50%3.00%3.50%4.00%4.50%5.00%$0.00$0.50$1.00$1.50$2.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$2.26$2.31$2.34$1.87$1.19$1.35$1.86$1.84$1.39$1.25$1.37$1.13

Dividend yield

4.67%4.70%4.90%3.90%2.57%2.55%3.38%3.53%2.85%2.46%2.74%2.25%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.19$0.18$0.20$0.19$0.19$0.95
2025$0.00$0.20$0.19$0.20$0.20$0.21$0.18$0.20$0.18$0.18$0.18$0.38$2.31
2024$0.00$0.19$0.18$0.20$0.18$0.20$0.20$0.20$0.20$0.18$0.20$0.39$2.34
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

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 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 0.76%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-15.98%Mar 2020
14d2mo 10d
2mo 24dMar 2020 - May 2020
Bear market2022
-15.13%Oct 2022
1y 2mo1y 10mo
3y 1moAug 2021 - Sep 2024
2018 pullback2018
-4.09%May 2018
4mo 29d8mo 18d
1y 1moDec 2017 - Jan 2019
2016 pullback2016
-3.84%Dec 2016
3mo 9d5mo 16d
8mo 25dSep 2016 - May 2017
2015 pullback2015
-3.52%Jun 2015
2mo 4d9mo 12d
11mo 16dApr 2015 - Mar 2016

Drawdown Indicators


SKORBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-15.98%

-56.78%

+40.80%

Max Drawdown (1Y)

Largest decline over 1 year

-2.09%

-9.10%

+7.01%

Max Drawdown (3Y)

Largest decline over 3 years

-3.11%

-18.90%

+15.79%

Max Drawdown (5Y)

Largest decline over 5 years

-15.13%

-25.43%

+10.30%

Max Drawdown (10Y)

Largest decline over 10 years

-15.98%

-33.92%

+17.94%

Current Drawdown

Current decline from peak

-0.76%

-1.80%

+1.04%

Average Drawdown

Average peak-to-trough decline

-2.64%

-10.71%

+8.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.60%

2.03%

-1.43%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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