FELC vs. SKOR
FELC (Fidelity Enhanced Large Cap Core ETF) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - FELC is a Large Cap Blend Equities fund actively managed by Fidelity, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. FELC is actively managed, while SKOR is passively managed. Over the past year, FELC returned 26.15% vs 5.20% for SKOR. At a 0.28 correlation, their price movements are largely independent. FELC charges 0.18%/yr vs 0.22%/yr for SKOR.
Performance
FELC vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, FELC achieves a 9.10% return, which is significantly higher than SKOR's 0.54% return.
FELC
- 1D
- 0.48%
- 1M
- -0.81%
- YTD
- 9.10%
- 6M
- 9.67%
- 1Y
- 26.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SKOR
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.54%
- 6M
- 1.02%
- 1Y
- 5.20%
- 3Y*
- 6.13%
- 5Y*
- 1.74%
- 10Y*
- 2.88%
FELC vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 9.10% | 17.09% | 25.25% | 6.06% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 3.99% |
Correlation
The correlation between FELC and SKOR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.28 |
The correlation between FELC and SKOR shifts across timeframes, from 0.28 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FELC vs. SKOR — Risk / Return Rank
FELC
SKOR
FELC vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) 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.
| FELC | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.38 | +0.35 |
| Martin ratioReturn relative to average drawdown | 12.29 | 8.31 | +3.98 |
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Drawdowns
FELC vs. SKOR - Drawdown Comparison
The maximum FELC drawdown since its inception was -18.59%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FELC and SKOR.
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Drawdown Indicators
| FELC | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -15.98% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -2.09% | -7.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.98% | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.57% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -2.65% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.60% | +1.42% |
Volatility
FELC vs. SKOR - Volatility Comparison
Fidelity Enhanced Large Cap Core ETF (FELC) has a higher volatility of 4.49% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.94%. This indicates that FELC'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
| FELC | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 0.94% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 2.04% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 2.71% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 4.43% | +10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 4.90% | +10.36% |
FELC vs. SKOR - Expense Ratio Comparison
FELC has a 0.18% expense ratio, which is lower than SKOR's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FELC vs. SKOR - Dividend Comparison
FELC's dividend yield for the trailing twelve months is around 0.87%, less than SKOR's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 0.87% | 0.92% | 1.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.66% | 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
FELC and SKOR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FELC has higher volatility (4.49%) compared to SKOR (0.94%). In terms of maximum drawdown, FELC dropped -18.59% vs SKOR's -15.98%.
On 1-year performance, FELC leads with 26.15% vs 5.20% for SKOR. On fees, FELC is cheaper at 0.18% per year. On volatility, SKOR has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FELC has performed better with a 26.15% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FELC is cheaper with a 0.18% expense ratio, compared with 0.22% for SKOR.
SKOR has the higher dividend yield at 4.66%, compared with 0.87% for FELC.
FELC is categorized as Large Cap Blend Equities, while SKOR is Corporate Bonds. They also come from different issuers: Fidelity and Northern Trust. Their fees differ too: 0.18% for FELC and 0.22% for SKOR.
FELC currently has the higher Sharpe Ratio (1.99 vs 1.84), 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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