SKOR vs. ^GSPC
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) is Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SKOR returned 2.82%/yr vs 13.71%/yr for ^GSPC. At a 0.12 correlation, their price movements are largely independent.
Performance
SKOR vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.45% return, which is significantly lower than ^GSPC's 7.60% return. Over the past 10 years, SKOR has underperformed ^GSPC with an annualized return of 2.82%, while ^GSPC has yielded a comparatively higher 13.71% annualized return.
SKOR
- 1D
- 0.09%
- 1M
- 0.48%
- YTD
- 0.45%
- 6M
- 0.66%
- 1Y
- 4.54%
- 3Y*
- 5.99%
- 5Y*
- 1.78%
- 10Y*
- 2.82%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SKOR vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.45% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between SKOR and ^GSPC is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.12 |
Over the past year, SKOR and ^GSPC have become more correlated (0.42) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
SKOR vs. ^GSPC — Risk / Return Rank
SKOR
^GSPC
SKOR vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and S&P 500 Index (^GSPC). 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.
| SKOR | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.46 | -0.27 |
| Martin ratioReturn relative to average drawdown | 7.51 | 10.92 | -3.41 |
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Drawdowns
SKOR vs. ^GSPC - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SKOR and ^GSPC.
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Drawdown Indicators
| SKOR | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -56.78% | +40.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -9.10% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -18.90% | +15.79% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -25.43% | +10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | -33.92% | +17.94% |
Current DrawdownCurrent decline from peak | -0.67% | -3.21% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -10.71% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.04% | -1.43% |
Volatility
SKOR vs. ^GSPC - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.84%, while S&P 500 Index (^GSPC) has a volatility of 4.89%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 4.89% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 9.93% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 12.57% | -9.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 17.00% | -12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 18.08% | -13.18% |
Frequently Asked Questions
SKOR and ^GSPC have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (4.89%) compared to SKOR (0.84%). In terms of maximum drawdown, SKOR dropped -15.98% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs 1.68), 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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