LKOR vs. IQDY
LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) and IQDY (FlexShares International Quality Dividend Dynamic Index Fund) are both exchange-traded funds - LKOR is a Corporate Bonds fund tracking the Northern Trust US Long Corporate Bond Quality Value Index, while IQDY is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Dynamic Index. Both are passively managed. Over the past 10 years, LKOR returned 2.45%/yr vs 11.61%/yr for IQDY. At a 0.16 correlation, their price movements are largely independent. LKOR charges 0.22%/yr vs 0.47%/yr for IQDY.
Performance
LKOR vs. IQDY - Performance Comparison
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Returns By Period
In the year-to-date period, LKOR achieves a 0.74% return, which is significantly lower than IQDY's 17.95% return. Over the past 10 years, LKOR has underperformed IQDY with an annualized return of 2.45%, while IQDY has yielded a comparatively higher 11.61% annualized return.
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%
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%
LKOR vs. IQDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -7.61% | 13.87% |
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% |
Correlation
The correlation between LKOR and IQDY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.16 |
Over the past year, LKOR and IQDY have become more correlated (0.42) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
LKOR vs. IQDY — Risk / Return Rank
LKOR
IQDY
LKOR vs. IQDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and FlexShares International Quality Dividend Dynamic Index Fund (IQDY). 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.
| LKOR | IQDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.47 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 4.01 | -2.61 |
| Martin ratioReturn relative to average drawdown | 3.43 | 15.76 | -12.33 |
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
| LKOR | IQDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 2.63 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.65 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.63 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.50 | -0.25 |
Drawdowns
LKOR vs. IQDY - Drawdown Comparison
The maximum LKOR drawdown since its inception was -34.78%, smaller than the maximum IQDY drawdown of -39.60%. Use the drawdown chart below to compare losses from any high point for LKOR and IQDY.
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Drawdown Indicators
| LKOR | IQDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -39.60% | +4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -10.42% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -14.76% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -34.78% | -33.03% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -39.60% | +4.82% |
Current DrawdownCurrent decline from peak | -13.63% | -0.89% | -12.74% |
Average DrawdownAverage peak-to-trough decline | -10.36% | -9.10% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.65% | -0.44% |
Volatility
LKOR vs. IQDY - Volatility Comparison
The current volatility for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) is 2.41%, while FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a volatility of 5.84%. This indicates that LKOR experiences smaller price fluctuations and is considered to be less risky than IQDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKOR | IQDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 5.84% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 13.40% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 15.93% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 17.81% | -4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 18.43% | -5.21% |
LKOR vs. IQDY - Expense Ratio Comparison
LKOR has a 0.22% expense ratio, which is lower than IQDY's 0.47% expense ratio.
Dividends
LKOR vs. IQDY - Dividend Comparison
LKOR's dividend yield for the trailing twelve months is around 5.72%, more than IQDY's 2.76% 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% |
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
LKOR and IQDY have a correlation of 0.42, 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 LKOR (2.41%). In terms of maximum drawdown, LKOR dropped -34.78% vs IQDY's -39.60%.
On 10-year performance, IQDY leads with 11.61% vs 2.45% for LKOR. On fees, LKOR is cheaper at 0.22% per year. On volatility, LKOR has been the lower-risk option at 2.41%. 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 2.45%. 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 IQDY.
LKOR has the higher dividend yield at 5.72%, compared with 2.76% for IQDY.
LKOR is categorized as Corporate Bonds, while IQDY is Foreign Large Cap Equities. LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index, while IQDY tracks Northern Trust International Quality Dividend Dynamic Index. Their fees differ too: 0.22% for LKOR and 0.47% for IQDY.
IQDY currently has the higher Sharpe Ratio (2.63 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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