BNDC vs. SKOR
BNDC (FlexShares Core Select Bond Fund) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - BNDC is a Intermediate Core Bond fund actively managed by Northern Trust, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. BNDC is actively managed, while SKOR is passively managed. Over the past 5 years, BNDC returned -0.17%/yr vs 1.84%/yr for SKOR. A 0.74 correlation means they provide meaningful diversification when combined. BNDC charges 0.35%/yr vs 0.22%/yr for SKOR.
Performance
BNDC vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, BNDC achieves a 0.58% return, which is significantly lower than SKOR's 0.67% return.
BNDC
- 1D
- 0.43%
- 1M
- 1.11%
- YTD
- 0.58%
- 6M
- 0.23%
- 1Y
- 4.00%
- 3Y*
- 3.86%
- 5Y*
- -0.17%
- 10Y*
- —
SKOR
- 1D
- 0.22%
- 1M
- 0.70%
- YTD
- 0.67%
- 6M
- 0.67%
- 1Y
- 4.51%
- 3Y*
- 6.06%
- 5Y*
- 1.84%
- 10Y*
- 2.84%
BNDC vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 0.58% | 7.29% | 0.86% | 5.36% | -13.54% | -2.01% | 8.66% | 9.57% | -1.49% | 3.97% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.67% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between BNDC and SKOR is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2016 | 0.74 |
The correlation between BNDC and SKOR shifts across timeframes, from 0.74 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BNDC vs. SKOR — Risk / Return Rank
BNDC
SKOR
BNDC vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BNDC | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.17 | -0.77 |
| Martin ratioReturn relative to average drawdown | 3.85 | 7.45 | -3.61 |
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Drawdowns
BNDC vs. SKOR - Drawdown Comparison
The maximum BNDC drawdown since its inception was -18.80%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for BNDC and SKOR.
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Drawdown Indicators
| BNDC | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -15.98% | -2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.09% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -3.11% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -15.13% | -3.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.98% | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.45% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -2.64% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.61% | +0.43% |
Volatility
BNDC vs. SKOR - Volatility Comparison
FlexShares Core Select Bond Fund (BNDC) has a higher volatility of 1.09% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.86%. This indicates that BNDC's price experiences larger fluctuations and is considered to be riskier than SKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDC | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.86% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.08% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 2.72% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 4.43% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 4.90% | +3.14% |
BNDC vs. SKOR - Expense Ratio Comparison
BNDC has a 0.35% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
BNDC vs. SKOR - Dividend Comparison
BNDC's dividend yield for the trailing twelve months is around 4.12%, less than SKOR's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 4.12% | 4.16% | 3.81% | 3.19% | 2.64% | 1.72% | 2.61% | 2.89% | 2.86% | 2.50% | 0.64% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.65% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
Frequently Asked Questions
BNDC and SKOR have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDC has higher volatility (1.09%) compared to SKOR (0.86%). In terms of maximum drawdown, BNDC dropped -18.80% vs SKOR's -15.98%.
On 5-year performance, SKOR leads with 1.84% vs -0.17% for BNDC. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SKOR has performed better with a 1.84% return vs -0.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKOR is cheaper with a 0.22% expense ratio, compared with 0.35% for BNDC.
SKOR has the higher dividend yield at 4.65%, compared with 4.12% for BNDC.
BNDC is categorized as Intermediate Core Bond, while SKOR is Corporate Bonds. Their fees differ too: 0.35% for BNDC and 0.22% for SKOR.
SKOR currently has the higher Sharpe Ratio (1.67 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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