SKOR vs. CORP
Compare and contrast key facts about FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and PIMCO Investment Grade Corporate Bond Index ETF (CORP).
SKOR and CORP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKOR is a passively managed fund by Northern Trust that tracks the performance of the NorthernTrustUS Corporate Bond Quality Value Index. It was launched on Nov 12, 2014. CORP is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Corporate. It was launched on Sep 20, 2010. Both SKOR and CORP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKOR or CORP.
Key characteristics
| SKOR | CORP | |
|---|---|---|
| YTD Return | 0.68% | -0.61% |
| 1Y Return | 5.44% | 5.84% |
| 3Y Return (Ann) | -0.84% | -1.68% |
| 5Y Return (Ann) | 2.04% | 1.75% |
| Sharpe Ratio | 1.11 | 0.77 |
| Daily Std Dev | 4.65% | 6.84% |
| Max Drawdown | -15.98% | -21.21% |
| Current Drawdown | -3.97% | -8.64% |
Correlation
The correlation between SKOR and CORP is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SKOR vs. CORP - Performance Comparison
In the year-to-date period, SKOR achieves a 0.68% return, which is significantly higher than CORP's -0.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SKOR vs. CORP - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is higher than CORP's 0.20% 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%.
Risk-Adjusted Performance
SKOR vs. CORP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and PIMCO Investment Grade Corporate Bond Index ETF (CORP). 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.
Dividends
SKOR vs. CORP - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.47%, less than CORP's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.47% | 3.90% | 2.56% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% | 0.31% | 0.00% |
CORP PIMCO Investment Grade Corporate Bond Index ETF | 5.11% | 4.84% | 3.28% | 2.51% | 2.90% | 3.25% | 3.49% | 3.08% | 2.91% | 3.14% | 3.55% | 7.34% |
Drawdowns
SKOR vs. CORP - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum CORP drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for SKOR and CORP. For additional features, visit the drawdowns tool.
Volatility
SKOR vs. CORP - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 1.00%, while PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a volatility of 2.15%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than CORP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.