SKOR vs. FBND
Compare and contrast key facts about FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and Fidelity Total Bond ETF (FBND).
SKOR and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKOR or FBND.
Key characteristics
| SKOR | FBND | |
|---|---|---|
| YTD Return | 4.03% | 2.31% |
| 1Y Return | 8.68% | 8.44% |
| 3Y Return (Ann) | 0.37% | -1.31% |
| 5Y Return (Ann) | 1.74% | 0.97% |
| 10Y Return (Ann) | 2.83% | 2.25% |
| Sharpe Ratio | 2.15 | 1.31 |
| Sortino Ratio | 3.27 | 1.90 |
| Omega Ratio | 1.41 | 1.23 |
| Calmar Ratio | 0.97 | 0.60 |
| Martin Ratio | 10.65 | 5.11 |
| Ulcer Index | 0.79% | 1.50% |
| Daily Std Dev | 3.91% | 5.85% |
| Max Drawdown | -15.98% | -17.25% |
| Current Drawdown | -1.92% | -5.36% |
Correlation
The correlation between SKOR and FBND is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SKOR vs. FBND - Performance Comparison
In the year-to-date period, SKOR achieves a 4.03% return, which is significantly higher than FBND's 2.31% return. Over the past 10 years, SKOR has outperformed FBND with an annualized return of 2.83%, while FBND has yielded a comparatively lower 2.25% annualized 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. FBND - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
SKOR vs. FBND - 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 Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.84%, more than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.84% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% | 0.31% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
SKOR vs. FBND - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for SKOR and FBND. For additional features, visit the drawdowns tool.
Volatility
SKOR vs. FBND - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 1.07%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.57%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.