LKOR vs. VGLT
LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) and VGLT (Vanguard Long-Term Treasury ETF) are both exchange-traded funds - LKOR is a Corporate Bonds fund tracking the Northern Trust US Long Corporate Bond Quality Value Index, while VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 10 years, LKOR returned 2.46%/yr vs -1.21%/yr for VGLT. A 0.73 correlation means they provide meaningful diversification when combined. LKOR charges 0.22%/yr vs 0.03%/yr for VGLT.
Performance
LKOR vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, LKOR achieves a 1.11% return, which is significantly higher than VGLT's 0.34% return. Over the past 10 years, LKOR has outperformed VGLT with an annualized return of 2.46%, while VGLT has yielded a comparatively lower -1.21% annualized return.
LKOR
- 1D
- -0.40%
- 1M
- 1.32%
- YTD
- 1.11%
- 6M
- 1.14%
- 1Y
- 6.27%
- 3Y*
- 4.46%
- 5Y*
- -1.95%
- 10Y*
- 2.46%
VGLT
- 1D
- -0.67%
- 1M
- 1.89%
- YTD
- 0.34%
- 6M
- 0.36%
- 1Y
- 4.33%
- 3Y*
- -0.80%
- 5Y*
- -5.58%
- 10Y*
- -1.21%
LKOR vs. VGLT - 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 | 1.11% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 23.97% | -7.61% | 13.87% |
VGLT Vanguard Long-Term Treasury ETF | 0.34% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between LKOR and VGLT 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 | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.73 |
The correlation between LKOR and VGLT shifts across timeframes, from 0.73 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LKOR vs. VGLT — Risk / Return Rank
LKOR
VGLT
LKOR vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.09 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.62 | +0.55 |
| Martin ratioReturn relative to average drawdown | 2.79 | 1.54 | +1.25 |
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Drawdowns
LKOR vs. VGLT - Drawdown Comparison
The maximum LKOR drawdown since its inception was -34.78%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for LKOR and VGLT.
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Drawdown Indicators
| LKOR | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -46.18% | +11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -7.01% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -17.68% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -34.78% | -40.98% | +6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -46.18% | +11.40% |
Current DrawdownCurrent decline from peak | -13.31% | -36.35% | +23.04% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -15.12% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.81% | -0.56% |
Volatility
LKOR vs. VGLT - Volatility Comparison
The current volatility for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) is 1.89%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.09%. This indicates that LKOR experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKOR | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 2.09% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 6.08% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 8.62% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 14.53% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 13.82% | -0.60% |
LKOR vs. VGLT - Expense Ratio Comparison
LKOR has a 0.22% expense ratio, which is higher than VGLT'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. VGLT - Dividend Comparison
LKOR's dividend yield for the trailing twelve months is around 5.70%, more than VGLT's 4.57% 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 | 5.70% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
VGLT Vanguard Long-Term Treasury ETF | 4.57% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
With a correlation of 0.91, LKOR and VGLT 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.
VGLT has higher volatility (2.09%) compared to LKOR (1.89%). In terms of maximum drawdown, LKOR dropped -34.78% vs VGLT's -46.18%.
On 10-year performance, LKOR leads with 2.46% vs -1.21% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, LKOR has been the lower-risk option at 1.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LKOR has performed better with a 2.46% return vs -1.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.22% for LKOR.
LKOR has the higher dividend yield at 5.70%, compared with 4.57% for VGLT.
LKOR is categorized as Corporate Bonds, while VGLT is Government Bonds. LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: Northern Trust and Vanguard. Their fees differ too: 0.22% for LKOR and 0.03% for VGLT.
LKOR currently has the higher Sharpe Ratio (0.80 vs 0.51), 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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