IQDY vs. SKOR
IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - IQDY is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Dynamic Index, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. Both are passively managed. Over the past 10 years, IQDY returned 11.61%/yr vs 2.85%/yr for SKOR. At a 0.15 correlation, their price movements are largely independent. IQDY charges 0.47%/yr vs 0.22%/yr for SKOR.
Performance
IQDY vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, IQDY achieves a 17.95% return, which is significantly higher than SKOR's 0.33% return. Over the past 10 years, IQDY has outperformed SKOR with an annualized return of 11.61%, while SKOR has yielded a comparatively lower 2.85% annualized return.
IQDY
- 1D
- -0.89%
- 1M
- 6.55%
- YTD
- 17.95%
- 6M
- 20.74%
- 1Y
- 41.61%
- 3Y*
- 24.42%
- 5Y*
- 11.45%
- 10Y*
- 11.61%
SKOR
- 1D
- -0.13%
- 1M
- 0.27%
- YTD
- 0.33%
- 6M
- 0.53%
- 1Y
- 5.29%
- 3Y*
- 5.88%
- 5Y*
- 1.78%
- 10Y*
- 2.85%
IQDY vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 17.95% | 37.44% | 5.97% | 23.45% | -15.78% | 12.00% | 9.54% | 27.27% | -20.04% | 24.06% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.33% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between IQDY and SKOR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.15 |
Over the past year, IQDY and SKOR have become more correlated (0.41) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
IQDY vs. SKOR — Risk / Return Rank
IQDY
SKOR
IQDY vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) 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.
| IQDY | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.36 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 2.54 | +1.47 |
| Martin ratioReturn relative to average drawdown | 15.76 | 9.09 | +6.68 |
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
| IQDY | SKOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.95 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.41 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.58 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.63 | -0.13 |
Drawdowns
IQDY vs. SKOR - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.60%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for IQDY and SKOR.
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Drawdown Indicators
| IQDY | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.60% | -15.98% | -23.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -2.09% | -8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -3.11% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -33.03% | -15.13% | -17.90% |
Max Drawdown (10Y)Largest decline over 10 years | -39.60% | -15.98% | -23.62% |
Current DrawdownCurrent decline from peak | -0.89% | -0.78% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -2.65% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 0.58% | +2.07% |
Volatility
IQDY vs. SKOR - Volatility Comparison
FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 5.84% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.85%. This indicates that IQDY'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
| IQDY | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 0.85% | +4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.40% | 1.99% | +11.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 2.72% | +13.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 4.42% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 4.90% | +13.53% |
IQDY vs. SKOR - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
IQDY vs. SKOR - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 2.76%, less than SKOR's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 2.76% | 3.26% | 6.95% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.67% | 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
IQDY and SKOR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQDY has higher volatility (5.84%) compared to SKOR (0.85%). In terms of maximum drawdown, IQDY dropped -39.60% vs SKOR's -15.98%.
On 10-year performance, IQDY leads with 11.61% vs 2.85% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IQDY has performed better with a 11.61% return vs 2.85%. 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 0.47% for IQDY.
SKOR has the higher dividend yield at 4.67%, compared with 2.76% for IQDY.
IQDY is categorized as Foreign Large Cap Equities, while SKOR is Corporate Bonds. IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index. Their fees differ too: 0.47% for IQDY and 0.22% for SKOR.
IQDY currently has the higher Sharpe Ratio (2.63 vs 1.95), 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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