HYGV vs. LKOR
HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) and LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) are both exchange-traded funds - HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index, while LKOR is a Corporate Bonds fund tracking the Northern Trust US Long Corporate Bond Quality Value Index. Both are passively managed. Over the past 5 years, HYGV returned 3.49%/yr vs -1.59%/yr for LKOR. At a 0.45 correlation, their price movements are largely independent. HYGV charges 0.37%/yr vs 0.22%/yr for LKOR.
Performance
HYGV vs. LKOR - Performance Comparison
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Returns By Period
In the year-to-date period, HYGV achieves a 1.42% return, which is significantly higher than LKOR's 0.74% return.
HYGV
- 1D
- -0.24%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.66%
- 1Y
- 6.94%
- 3Y*
- 8.38%
- 5Y*
- 3.49%
- 10Y*
- —
LKOR
- 1D
- -0.36%
- 1M
- 1.51%
- YTD
- 0.74%
- 6M
- -0.19%
- 1Y
- 7.57%
- 3Y*
- 4.72%
- 5Y*
- -1.59%
- 10Y*
- 2.45%
HYGV vs. LKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.42% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 0.74% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 23.97% | -1.86% |
Correlation
The correlation between HYGV and LKOR is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.45 |
The correlation between HYGV and LKOR shifts across timeframes, from 0.45 (all time) to 0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYGV vs. LKOR — Risk / Return Rank
HYGV
LKOR
HYGV vs. LKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR). 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.
| HYGV | LKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.41 | +1.19 |
| Martin ratioReturn relative to average drawdown | 11.22 | 3.43 | +7.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYGV | LKOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 0.95 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.12 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.25 | +0.30 |
Drawdowns
HYGV vs. LKOR - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum LKOR drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for HYGV and LKOR.
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Drawdown Indicators
| HYGV | LKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -34.78% | +11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -5.39% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -12.74% | +7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -34.78% | +17.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.78% | — |
Current DrawdownCurrent decline from peak | -0.27% | -13.63% | +13.36% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -10.36% | +7.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 2.21% | -1.59% |
Volatility
HYGV vs. LKOR - Volatility Comparison
The current volatility for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is 1.17%, while FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has a volatility of 2.41%. This indicates that HYGV experiences smaller price fluctuations and is considered to be less risky than LKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGV | LKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.41% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 5.76% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 8.00% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 12.90% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 13.22% | -4.02% |
HYGV vs. LKOR - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is higher than LKOR's 0.22% expense ratio.
Dividends
HYGV vs. LKOR - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 7.41%, more than LKOR's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.41% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.72% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
Frequently Asked Questions
HYGV and LKOR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LKOR has higher volatility (2.41%) compared to HYGV (1.17%). In terms of maximum drawdown, HYGV dropped -23.47% vs LKOR's -34.78%.
On 5-year performance, HYGV leads with 3.49% vs -1.59% for LKOR. On fees, LKOR is cheaper at 0.22% per year. On volatility, HYGV has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYGV has performed better with a 3.49% return vs -1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LKOR is cheaper with a 0.22% expense ratio, compared with 0.37% for HYGV.
HYGV has the higher dividend yield at 7.41%, compared with 5.72% for LKOR.
HYGV is categorized as High Yield Bonds, while LKOR is Corporate Bonds. HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index, while LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index. Their fees differ too: 0.37% for HYGV and 0.22% for LKOR.
HYGV currently has the higher Sharpe Ratio (1.81 vs 0.95), 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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