MGV vs. SKOR
MGV (Vanguard Mega Cap Value ETF) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value 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, MGV returned 13.15%/yr vs 2.88%/yr for SKOR. At a 0.07 correlation, their price movements are largely independent. MGV charges 0.05%/yr vs 0.22%/yr for SKOR.
Performance
MGV vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, MGV achieves a 15.50% return, which is significantly higher than SKOR's 0.54% return. Over the past 10 years, MGV has outperformed SKOR with an annualized return of 13.15%, while SKOR has yielded a comparatively lower 2.88% annualized return.
MGV
- 1D
- 0.90%
- 1M
- 4.18%
- YTD
- 15.50%
- 6M
- 15.37%
- 1Y
- 28.69%
- 3Y*
- 18.98%
- 5Y*
- 12.53%
- 10Y*
- 13.15%
SKOR
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.54%
- 6M
- 1.02%
- 1Y
- 5.20%
- 3Y*
- 6.13%
- 5Y*
- 1.74%
- 10Y*
- 2.88%
MGV vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 15.50% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 25.54% | -4.13% | 16.85% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between MGV and SKOR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.07 |
Over the past year, MGV and SKOR have become more correlated (0.38) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
MGV vs. SKOR — Risk / Return Rank
MGV
SKOR
MGV vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) 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.
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.
| MGV | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.34 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 2.38 | +1.98 |
| Martin ratioReturn relative to average drawdown | 16.56 | 8.31 | +8.25 |
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Drawdowns
MGV vs. SKOR - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.07%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for MGV and SKOR.
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Drawdown Indicators
| MGV | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -15.98% | -40.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -2.09% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -3.11% | -10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -15.13% | -1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | -15.98% | -19.43% |
Current DrawdownCurrent decline from peak | 0.00% | -0.57% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -2.65% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.60% | +1.09% |
Volatility
MGV vs. SKOR - Volatility Comparison
Vanguard Mega Cap Value ETF (MGV) has a higher volatility of 3.33% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.94%. This indicates that MGV'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
| MGV | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 0.94% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 2.04% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 2.71% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 4.43% | +9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 4.90% | +11.45% |
MGV vs. SKOR - Expense Ratio Comparison
MGV has a 0.05% expense ratio, which is lower than SKOR's 0.22% 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%.
Dividends
MGV vs. SKOR - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 1.85%, less than SKOR's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 1.85% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.66% | 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
MGV and SKOR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGV has higher volatility (3.33%) compared to SKOR (0.94%). In terms of maximum drawdown, MGV dropped -56.07% vs SKOR's -15.98%.
On 10-year performance, MGV leads with 13.15% vs 2.88% for SKOR. On fees, MGV is cheaper at 0.05% per year. On volatility, SKOR has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MGV has performed better with a 13.15% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV is cheaper with a 0.05% expense ratio, compared with 0.22% for SKOR.
SKOR has the higher dividend yield at 4.66%, compared with 1.85% for MGV.
MGV is categorized as Large Cap Value Equities, while SKOR is Corporate Bonds. MGV tracks CRSP US Mega Cap Value Index, while SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index. They also come from different issuers: Vanguard and Northern Trust. Their fees differ too: 0.05% for MGV and 0.22% for SKOR.
MGV currently has the higher Sharpe Ratio (2.76 vs 1.84), 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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