SKOR vs. FBND
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. SKOR is passively managed, while FBND is actively managed. Over the past 10 years, SKOR returned 2.73%/yr vs 2.27%/yr for FBND. Their 0.72 correlation means they have sometimes moved together and sometimes differently. SKOR charges 0.22%/yr vs 0.36%/yr for FBND.
Performance
SKOR vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.01% return, which is significantly higher than FBND's -0.33% return. Over the past 10 years, SKOR has outperformed FBND with an annualized return of 2.73%, while FBND has yielded a comparatively lower 2.27% annualized return.
SKOR
- 1D
- -0.11%
- 1M
- -0.79%
- 6M
- -0.26%
- YTD
- 0.01%
- 1Y
- 2.60%
- 3Y*
- 5.67%
- 5Y*
- 1.51%
- 10Y*
- 2.73%
- ALL TIME*
- 2.96%
FBND
- 1D
- -0.27%
- 1M
- -1.26%
- 6M
- -0.60%
- YTD
- -0.33%
- 1Y
- 2.08%
- 3Y*
- 4.55%
- 5Y*
- 0.31%
- 10Y*
- 2.27%
- ALL TIME*
- 2.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.84M | $127.41M | $124.15M | |
| $2.39M | $2.88M | $3.03M |
SKOR vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.01% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
FBND Fidelity Total Bond ETF | -0.33% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between SKOR and FBND is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.72 |
Over the past year, SKOR and FBND have become more correlated (0.93) than their long-term average of 0.72, meaning their price movements have been converging.
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Return for Risk
SKOR vs. FBND — Risk / Return Rank
SKOR
FBND
SKOR vs. FBND - 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 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.
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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.09 | +0.47 |
| Martin ratioReturn relative to average drawdown | 4.98 | 2.77 | +2.21 |
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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.
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Drawdown Indicators
| SKOR | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -17.25% | +1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -2.66% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -2.98% | -4.95% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -17.25% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | -17.25% | +1.27% |
Current DrawdownCurrent decline from peak | -1.10% | -2.24% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -3.32% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.05% | -0.40% |
Volatility
SKOR vs. FBND - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.73%, while Fidelity Total Bond ETF (FBND) has a volatility of 0.95%. 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.
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Volatility by Period
| SKOR | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.95% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 2.94% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 3.77% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 5.93% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 6.10% | -1.20% |
SKOR vs. FBND - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
SKOR vs. FBND - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.71%, less than FBND's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.77% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.30% | 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
With a correlation of 0.93, SKOR and FBND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FBND has higher volatility (0.95%) compared to SKOR (0.73%). In terms of maximum drawdown, SKOR dropped -15.98% vs FBND's -17.25%.
On 10-year performance, SKOR leads with 2.73% vs 2.27% for FBND. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SKOR has performed better with a 2.73% return vs 2.27%. 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 0.36% for FBND.
FBND has the higher dividend yield at 4.77%, compared with 4.30% for SKOR.
SKOR is categorized as Corporate Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Northern Trust and Fidelity. Their fees differ too: 0.22% for SKOR and 0.36% for FBND.
SKOR currently has the higher Sharpe Ratio (1.20 vs 0.77), 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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