LKOR vs. SCHI
LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - LKOR tracks the Northern Trust US Long Corporate Bond Quality Value Index while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, LKOR returned -2.00%/yr vs 1.19%/yr for SCHI. Their correlation of 0.90 suggests significant overlap in exposure. LKOR charges 0.22%/yr vs 0.03%/yr for SCHI.
Performance
LKOR vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, LKOR achieves a 1.27% return, which is significantly higher than SCHI's 0.37% return.
LKOR
- 1D
- 0.16%
- 1M
- 1.48%
- YTD
- 1.27%
- 6M
- 1.09%
- 1Y
- 6.28%
- 3Y*
- 4.51%
- 5Y*
- -2.00%
- 10Y*
- 2.48%
SCHI
- 1D
- 0.13%
- 1M
- 0.68%
- YTD
- 0.37%
- 6M
- 0.50%
- 1Y
- 5.29%
- 3Y*
- 6.15%
- 5Y*
- 1.19%
- 10Y*
- —
LKOR vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 1.27% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 1.42% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.37% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
Correlation
The correlation between LKOR and SCHI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.90 |
The correlation between LKOR and SCHI has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
LKOR vs. SCHI — Risk / Return Rank
LKOR
SCHI
LKOR vs. SCHI - 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 Schwab 5-10 Year Corporate Bond ETF (SCHI). 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.
| LKOR | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.76 | -0.59 |
| Martin ratioReturn relative to average drawdown | 2.79 | 5.66 | -2.87 |
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Drawdowns
LKOR vs. SCHI - Drawdown Comparison
The maximum LKOR drawdown since its inception was -34.78%, which is greater than SCHI's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for LKOR and SCHI.
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Drawdown Indicators
| LKOR | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -20.67% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -3.01% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -6.14% | -6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.78% | -20.67% | -14.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | — | — |
Current DrawdownCurrent decline from peak | -13.18% | -1.19% | -11.99% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -5.68% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 0.94% | +1.32% |
Volatility
LKOR vs. SCHI - Volatility Comparison
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has a higher volatility of 1.88% compared to Schwab 5-10 Year Corporate Bond ETF (SCHI) at 1.25%. This indicates that LKOR's price experiences larger fluctuations and is considered to be riskier than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKOR | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.25% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.87% | 3.20% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 4.14% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 6.67% | +6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 7.38% | +5.84% |
LKOR vs. SCHI - Expense Ratio Comparison
LKOR has a 0.22% expense ratio, which is higher than SCHI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LKOR vs. SCHI - Dividend Comparison
LKOR's dividend yield for the trailing twelve months is around 5.69%, more than SCHI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.69% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.04% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, LKOR and SCHI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LKOR has higher volatility (1.88%) compared to SCHI (1.25%). In terms of maximum drawdown, LKOR dropped -34.78% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 1.19% vs -2.00% for LKOR. On fees, SCHI is cheaper at 0.03% per year. On volatility, SCHI has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHI has performed better with a 1.19% return vs -2.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.03% expense ratio, compared with 0.22% for LKOR.
LKOR has the higher dividend yield at 5.69%, compared with 5.04% for SCHI.
LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index, while SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index. They also come from different issuers: Northern Trust and Charles Schwab. Their fees differ too: 0.22% for LKOR and 0.03% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.29 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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