- ISIN
- US33939L7617
- CUSIP
- 33939L761
- Issuer
- Northern Trust
- Inception Date
- Nov 12, 2014
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.27% | 0.84% | -1.39% | 0.45% | 0.34% | -0.15% | 0.35% | ||||||
| 2025 | 0.69% | 1.32% | 0.12% | 0.35% | 0.48% | 1.38% | 0.19% | 1.28% | 0.66% | 0.33% | 0.75% | 0.18% | 7.99% |
| 2024 | 0.20% | -0.80% | 1.01% | -1.39% | 1.49% | 0.51% | 2.01% | 1.46% | 1.23% | -1.58% | 0.96% | -0.69% | 4.42% |
| 2023 | 3.03% | -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
- R²
- 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.
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.
| SKOR | Benchmark | Difference | |
|---|---|---|---|
| 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 14d | 2mo 10d | 2mo 24dMar 2020 - May 2020 |
Bear market2022 | -15.13%Oct 2022 | 1y 2mo | 1y 10mo | 3y 1moAug 2021 - Sep 2024 |
2018 pullback2018 | -4.09%May 2018 | 4mo 29d | 8mo 18d | 1y 1moDec 2017 - Jan 2019 |
2016 pullback2016 | -3.84%Dec 2016 | 3mo 9d | 5mo 16d | 8mo 25dSep 2016 - May 2017 |
2015 pullback2015 | -3.52%Jun 2015 | 2mo 4d | 9mo 12d | 11mo 16dApr 2015 - Mar 2016 |
Drawdown Indicators
| SKOR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.76% | -1.80% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -10.71% | +8.07% |
Ulcer IndexDepth 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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