IQDF vs. LKOR
IQDF (FlexShares International Quality Dividend Index Fund) and LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) are both exchange-traded funds - IQDF is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend 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 10 years, IQDF returned 10.06%/yr vs 2.55%/yr for LKOR. At a 0.16 correlation, their price movements are largely independent. IQDF charges 0.47%/yr vs 0.22%/yr for LKOR.
Performance
IQDF vs. LKOR - Performance Comparison
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Returns By Period
In the year-to-date period, IQDF achieves a 13.68% return, which is significantly higher than LKOR's 2.03% return. Over the past 10 years, IQDF has outperformed LKOR with an annualized return of 10.06%, while LKOR has yielded a comparatively lower 2.55% annualized return.
IQDF
- 1D
- -0.64%
- 1M
- 0.13%
- YTD
- 13.68%
- 6M
- 13.23%
- 1Y
- 31.34%
- 3Y*
- 22.30%
- 5Y*
- 10.35%
- 10Y*
- 10.06%
LKOR
- 1D
- 0.75%
- 1M
- 2.24%
- YTD
- 2.03%
- 6M
- 1.26%
- 1Y
- 6.32%
- 3Y*
- 4.77%
- 5Y*
- -1.74%
- 10Y*
- 2.55%
IQDF vs. LKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQDF FlexShares International Quality Dividend Index Fund | 13.68% | 35.42% | 6.62% | 20.10% | -14.69% | 10.18% | 3.54% | 20.96% | -17.39% | 23.87% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 2.03% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 23.97% | -7.61% | 13.87% |
Correlation
The correlation between IQDF and LKOR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.16 |
Over the past year, IQDF and LKOR have become more correlated (0.43) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
IQDF vs. LKOR — Risk / Return Rank
IQDF
LKOR
IQDF vs. LKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Index Fund (IQDF) 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.
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.
| IQDF | LKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.18 | +1.96 |
| Martin ratioReturn relative to average drawdown | 11.93 | 2.81 | +9.13 |
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Drawdowns
IQDF vs. LKOR - Drawdown Comparison
The maximum IQDF drawdown since its inception was -39.83%, which is greater than LKOR's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for IQDF and LKOR.
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Drawdown Indicators
| IQDF | LKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.83% | -34.78% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -5.39% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.92% | -12.74% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -29.36% | -34.78% | +5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.83% | -34.78% | -5.05% |
Current DrawdownCurrent decline from peak | -3.30% | -12.53% | +9.23% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -10.37% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.26% | +0.37% |
Volatility
IQDF vs. LKOR - Volatility Comparison
FlexShares International Quality Dividend Index Fund (IQDF) has a higher volatility of 6.69% compared to FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) at 1.96%. This indicates that IQDF's price experiences larger fluctuations and is considered to be riskier 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
| IQDF | LKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 1.96% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 13.53% | 5.91% | +7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.49% | 7.92% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 12.89% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 13.22% | +3.29% |
IQDF vs. LKOR - Expense Ratio Comparison
IQDF has a 0.47% expense ratio, which is higher than LKOR's 0.22% expense ratio.
Dividends
IQDF vs. LKOR - Dividend Comparison
IQDF's dividend yield for the trailing twelve months is around 3.07%, less than LKOR's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDF FlexShares International Quality Dividend Index Fund | 3.07% | 3.27% | 6.72% | 6.06% | 5.59% | 4.13% | 3.31% | 4.46% | 5.78% | 3.89% | 3.75% | 4.27% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.64% | 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
IQDF and LKOR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQDF has higher volatility (6.69%) compared to LKOR (1.96%). In terms of maximum drawdown, IQDF dropped -39.83% vs LKOR's -34.78%.
On 10-year performance, IQDF leads with 10.06% vs 2.55% for LKOR. On fees, LKOR is cheaper at 0.22% per year. On volatility, LKOR has been the lower-risk option at 1.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IQDF has performed better with a 10.06% return vs 2.55%. 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 0.47% for IQDF.
LKOR has the higher dividend yield at 5.64%, compared with 3.07% for IQDF.
IQDF is categorized as Foreign Large Cap Equities, while LKOR is Corporate Bonds. IQDF tracks Northern Trust International Quality Dividend Index, while LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index. Their fees differ too: 0.47% for IQDF and 0.22% for LKOR.
IQDF currently has the higher Sharpe Ratio (2.04 vs 0.80), 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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