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LKOR vs. MLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LKOR and MLN is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.4

Performance

LKOR vs. MLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and VanEck Long Muni ETF (MLN). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
0.70%
0.66%
LKOR
MLN

Key characteristics

Sharpe Ratio

LKOR:

-0.03

MLN:

0.14

Sortino Ratio

LKOR:

0.02

MLN:

0.22

Omega Ratio

LKOR:

1.00

MLN:

1.03

Calmar Ratio

LKOR:

-0.02

MLN:

0.06

Martin Ratio

LKOR:

-0.10

MLN:

0.65

Ulcer Index

LKOR:

3.71%

MLN:

1.30%

Daily Std Dev

LKOR:

10.54%

MLN:

6.00%

Max Drawdown

LKOR:

-34.78%

MLN:

-28.36%

Current Drawdown

LKOR:

-19.49%

MLN:

-10.95%

Returns By Period

In the year-to-date period, LKOR achieves a -0.49% return, which is significantly lower than MLN's 0.44% return.


LKOR

YTD

-0.49%

1M

-1.04%

6M

0.70%

1Y

-0.35%

5Y*

-1.15%

10Y*

N/A

MLN

YTD

0.44%

1M

-1.02%

6M

0.66%

1Y

0.89%

5Y*

-0.48%

10Y*

1.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


LKOR vs. MLN - Expense Ratio Comparison

LKOR has a 0.22% expense ratio, which is lower than MLN's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


MLN
VanEck Long Muni ETF
Expense ratio chart for MLN: current value at 0.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.24%
Expense ratio chart for LKOR: current value at 0.22% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.22%

Risk-Adjusted Performance

LKOR vs. MLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and VanEck Long Muni ETF (MLN). 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.


Sharpe ratio
The chart of Sharpe ratio for LKOR, currently valued at -0.03, compared to the broader market0.002.004.00-0.030.14
The chart of Sortino ratio for LKOR, currently valued at 0.02, compared to the broader market-2.000.002.004.006.008.0010.000.020.22
The chart of Omega ratio for LKOR, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.001.001.03
The chart of Calmar ratio for LKOR, currently valued at -0.01, compared to the broader market0.005.0010.0015.00-0.020.06
The chart of Martin ratio for LKOR, currently valued at -0.10, compared to the broader market0.0020.0040.0060.0080.00100.00-0.100.65
LKOR
MLN

The current LKOR Sharpe Ratio is -0.03, which is lower than the MLN Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of LKOR and MLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
-0.03
0.14
LKOR
MLN

Dividends

LKOR vs. MLN - Dividend Comparison

LKOR's dividend yield for the trailing twelve months is around 5.49%, more than MLN's 3.61% yield.


TTM20232022202120202019201820172016201520142013
LKOR
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund
5.49%4.89%4.71%4.73%6.56%3.71%4.21%3.78%5.53%1.22%0.00%0.00%
MLN
VanEck Long Muni ETF
3.61%3.19%2.67%2.52%2.69%2.87%3.09%2.91%3.16%3.39%3.78%4.43%

Drawdowns

LKOR vs. MLN - Drawdown Comparison

The maximum LKOR drawdown since its inception was -34.78%, which is greater than MLN's maximum drawdown of -28.36%. Use the drawdown chart below to compare losses from any high point for LKOR and MLN. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-19.49%
-10.95%
LKOR
MLN

Volatility

LKOR vs. MLN - Volatility Comparison

FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has a higher volatility of 3.50% compared to VanEck Long Muni ETF (MLN) at 2.16%. This indicates that LKOR's price experiences larger fluctuations and is considered to be riskier than MLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
3.50%
2.16%
LKOR
MLN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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