GQRE vs. SKOR
GQRE (FlexShares Global Quality Real Estate Index Fund) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - GQRE is a REIT fund tracking the Northern Trust Global Quality Real Estate (NR), while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. Both are passively managed. Over the past 10 years, GQRE returned 4.10%/yr vs 2.82%/yr for SKOR. At a 0.25 correlation, their price movements are largely independent. GQRE charges 0.45%/yr vs 0.22%/yr for SKOR.
Performance
GQRE vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 9.32% return, which is significantly higher than SKOR's 0.45% return. Over the past 10 years, GQRE has outperformed SKOR with an annualized return of 4.10%, while SKOR has yielded a comparatively lower 2.82% annualized return.
GQRE
- 1D
- 0.69%
- 1M
- -0.17%
- YTD
- 9.32%
- 6M
- 9.88%
- 1Y
- 11.39%
- 3Y*
- 11.94%
- 5Y*
- 2.35%
- 10Y*
- 4.10%
SKOR
- 1D
- 0.09%
- 1M
- 0.48%
- YTD
- 0.45%
- 6M
- 0.66%
- 1Y
- 4.54%
- 3Y*
- 5.99%
- 5Y*
- 1.78%
- 10Y*
- 2.82%
GQRE vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 9.32% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.45% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between GQRE and SKOR is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.25 |
Over the past year, GQRE and SKOR have become more correlated (0.50) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
GQRE vs. SKOR — Risk / Return Rank
GQRE
SKOR
GQRE vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.
| GQRE | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.18 | -1.06 |
| Martin ratioReturn relative to average drawdown | 4.24 | 7.51 | -3.27 |
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Drawdowns
GQRE vs. SKOR - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for GQRE and SKOR.
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Drawdown Indicators
| GQRE | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -15.98% | -25.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -2.09% | -8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -3.11% | -13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -15.13% | -19.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -15.98% | -25.89% |
Current DrawdownCurrent decline from peak | -1.64% | -0.67% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -2.64% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 0.61% | +2.09% |
Volatility
GQRE vs. SKOR - Volatility Comparison
FlexShares Global Quality Real Estate Index Fund (GQRE) has a higher volatility of 3.69% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.84%. This indicates that GQRE'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
| GQRE | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 0.84% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 2.07% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 2.72% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 4.43% | +12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 4.90% | +12.75% |
GQRE vs. SKOR - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
GQRE vs. SKOR - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.29%, less than SKOR's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.29% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
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
GQRE and SKOR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GQRE has higher volatility (3.69%) compared to SKOR (0.84%). In terms of maximum drawdown, GQRE dropped -41.87% vs SKOR's -15.98%.
On 10-year performance, GQRE leads with 4.10% vs 2.82% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GQRE has performed better with a 4.10% return vs 2.82%. 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 0.45% for GQRE.
SKOR has the higher dividend yield at 4.66%, compared with 4.29% for GQRE.
GQRE is categorized as REIT, while SKOR is Corporate Bonds. GQRE tracks Northern Trust Global Quality Real Estate (NR), while SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index. Their fees differ too: 0.45% for GQRE and 0.22% for SKOR.
SKOR currently has the higher Sharpe Ratio (1.68 vs 0.97), 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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