QLVE vs. SKOR
QLVE (FlexShares Emerging Markets Quality Low Volatility Index Fund) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - QLVE is a Volatility Hedged Equity fund tracking the Northern Trust Emerging Markets Quality Low Volatility Index, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. Both are passively managed. Over the past 5 years, QLVE returned 7.43%/yr vs 1.78%/yr for SKOR. At a 0.21 correlation, their price movements are largely independent. QLVE charges 0.40%/yr vs 0.22%/yr for SKOR.
Performance
QLVE vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, QLVE achieves a 18.06% return, which is significantly higher than SKOR's 0.33% return.
QLVE
- 1D
- -1.29%
- 1M
- 7.29%
- YTD
- 18.06%
- 6M
- 19.74%
- 1Y
- 34.41%
- 3Y*
- 18.46%
- 5Y*
- 7.43%
- 10Y*
- —
SKOR
- 1D
- -0.13%
- 1M
- 0.27%
- YTD
- 0.33%
- 6M
- 0.53%
- 1Y
- 5.29%
- 3Y*
- 5.88%
- 5Y*
- 1.78%
- 10Y*
- 2.85%
QLVE vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 18.06% | 21.87% | 10.17% | 8.53% | -13.10% | 0.90% | 4.16% | 4.98% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.33% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 3.25% |
Correlation
The correlation between QLVE and SKOR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.21 |
The correlation between QLVE and SKOR shifts across timeframes, from 0.21 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QLVE vs. SKOR — Risk / Return Rank
QLVE
SKOR
QLVE vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) 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.
| QLVE | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.54 | +0.44 |
| Martin ratioReturn relative to average drawdown | 11.97 | 9.09 | +2.88 |
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
| QLVE | SKOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.95 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.41 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.63 | -0.15 |
Drawdowns
QLVE vs. SKOR - Drawdown Comparison
The maximum QLVE drawdown since its inception was -29.96%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for QLVE and SKOR.
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Drawdown Indicators
| QLVE | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -15.98% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -2.09% | -9.51% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -3.11% | -10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -15.13% | -8.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.98% | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.78% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -2.65% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 0.58% | +2.30% |
Volatility
QLVE vs. SKOR - Volatility Comparison
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a higher volatility of 6.82% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.85%. This indicates that QLVE'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
| QLVE | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 0.85% | +5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 1.99% | +12.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 2.72% | +13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 4.42% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 4.90% | +10.89% |
QLVE vs. SKOR - Expense Ratio Comparison
QLVE has a 0.40% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
QLVE vs. SKOR - Dividend Comparison
QLVE's dividend yield for the trailing twelve months is around 2.42%, less than SKOR's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 2.42% | 3.14% | 3.11% | 3.00% | 2.48% | 2.57% | 1.66% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.67% | 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
QLVE and SKOR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLVE has higher volatility (6.82%) compared to SKOR (0.85%). In terms of maximum drawdown, QLVE dropped -29.96% vs SKOR's -15.98%.
On 5-year performance, QLVE leads with 7.43% vs 1.78% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QLVE has performed better with a 7.43% return vs 1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKOR is cheaper with a 0.22% expense ratio, compared with 0.40% for QLVE.
SKOR has the higher dividend yield at 4.67%, compared with 2.42% for QLVE.
QLVE is categorized as Volatility Hedged Equity, while SKOR is Corporate Bonds. QLVE tracks Northern Trust Emerging Markets Quality Low Volatility Index, while SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index. Their fees differ too: 0.40% for QLVE and 0.22% for SKOR.
QLVE currently has the higher Sharpe Ratio (2.10 vs 1.95), 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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