SKOR vs. BSCR
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - SKOR tracks the NorthernTrustUS Corporate Bond Quality Value Index while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, SKOR returned 1.61%/yr vs 1.36%/yr for BSCR. A 0.78 correlation means they provide meaningful diversification when combined. SKOR charges 0.22%/yr vs 0.10%/yr for BSCR.
Performance
SKOR vs. BSCR - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.10% return, which is significantly lower than BSCR's 1.57% return.
SKOR
- 1D
- -0.27%
- 1M
- -0.45%
- 6M
- 0.13%
- YTD
- 0.10%
- 1Y
- 3.92%
- 3Y*
- 5.71%
- 5Y*
- 1.61%
- 10Y*
- 2.77%
BSCR
- 1D
- -0.03%
- 1M
- 0.25%
- 6M
- 1.57%
- YTD
- 1.57%
- 1Y
- 4.33%
- 3Y*
- 5.30%
- 5Y*
- 1.36%
- 10Y*
- —
SKOR vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.10% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 0.15% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.57% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
Correlation
The correlation between SKOR and BSCR is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.78 |
The correlation between SKOR and BSCR shifts across timeframes, from 0.64 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SKOR vs. BSCR — Risk / Return Rank
SKOR
BSCR
SKOR vs. BSCR - 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 Invesco BulletShares 2027 Corporate Bond ETF (BSCR). 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 | BSCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -5.95 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.16 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 10.40 | -8.52 |
| Martin ratioReturn relative to average drawdown | 6.40 | 45.90 | -39.50 |
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Drawdowns
SKOR vs. BSCR - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum BSCR drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for SKOR and BSCR.
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Drawdown Indicators
| SKOR | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -17.26% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -0.42% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.09% | -2.27% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -14.87% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.03% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -3.30% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.09% | +0.52% |
Volatility
SKOR vs. BSCR - Volatility Comparison
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) has a higher volatility of 0.86% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.20%. This indicates that SKOR's price experiences larger fluctuations and is considered to be riskier than BSCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.20% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 0.60% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 1.01% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 4.08% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.32% | -0.41% |
SKOR vs. BSCR - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is higher than BSCR's 0.10% 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
SKOR vs. BSCR - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.71%, more than BSCR's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.28% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 0.00% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.71% | 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
SKOR and BSCR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKOR has higher volatility (0.86%) compared to BSCR (0.20%). In terms of maximum drawdown, SKOR dropped -15.98% vs BSCR's -17.26%.
On 5-year performance, SKOR leads with 1.61% vs 1.36% for BSCR. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SKOR has performed better with a 1.61% return vs 1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.22% for SKOR.
SKOR has the higher dividend yield at 4.71%, compared with 4.28% for BSCR.
SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.22% for SKOR and 0.10% for BSCR.
BSCR currently has the higher Sharpe Ratio (4.31 vs 1.45), 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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