SKOR vs. FLBL
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and FLBL (Franklin Liberty Senior Loan ETF) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while FLBL is a High Yield Bonds fund actively managed by Franklin Templeton. SKOR is passively managed, while FLBL is actively managed. Over the past 5 years, SKOR returned 1.74%/yr vs 5.11%/yr for FLBL. At a 0.18 correlation, their price movements are largely independent. SKOR charges 0.22%/yr vs 0.45%/yr for FLBL.
Performance
SKOR vs. FLBL - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.54% return, which is significantly higher than FLBL's 0.47% return.
SKOR
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.54%
- 6M
- 1.02%
- 1Y
- 5.20%
- 3Y*
- 6.13%
- 5Y*
- 1.74%
- 10Y*
- 2.88%
FLBL
- 1D
- 0.00%
- 1M
- -0.50%
- YTD
- 0.47%
- 6M
- 0.11%
- 1Y
- 2.09%
- 3Y*
- 6.81%
- 5Y*
- 5.11%
- 10Y*
- —
SKOR vs. FLBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | 1.22% |
FLBL Franklin Liberty Senior Loan ETF | 0.47% | 3.59% | 8.26% | 14.83% | -2.69% | 4.35% | 2.17% | 7.67% | -1.39% |
Correlation
The correlation between SKOR and FLBL is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | 0.18 |
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Return for Risk
SKOR vs. FLBL — Risk / Return Rank
SKOR
FLBL
SKOR vs. FLBL - 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 Franklin Liberty Senior Loan ETF (FLBL). 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 | FLBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.15 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.63 | +1.76 |
| Martin ratioReturn relative to average drawdown | 8.31 | 2.11 | +6.20 |
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Drawdowns
SKOR vs. FLBL - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum FLBL drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for SKOR and FLBL.
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Drawdown Indicators
| SKOR | FLBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -19.52% | +3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -3.18% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -3.91% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -6.80% | -8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.53% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -1.00% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.94% | -0.34% |
Volatility
SKOR vs. FLBL - Volatility Comparison
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) has a higher volatility of 0.94% compared to Franklin Liberty Senior Loan ETF (FLBL) at 0.67%. This indicates that SKOR's price experiences larger fluctuations and is considered to be riskier than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | FLBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.67% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.25% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 2.62% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 3.86% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 5.71% | -0.81% |
SKOR vs. FLBL - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than FLBL's 0.45% expense ratio.
Dividends
SKOR vs. FLBL - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, less than FLBL's 7.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLBL Franklin Liberty Senior Loan ETF | 7.61% | 7.24% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.66% | 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 FLBL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKOR has higher volatility (0.94%) compared to FLBL (0.67%). In terms of maximum drawdown, SKOR dropped -15.98% vs FLBL's -19.52%.
On 5-year performance, FLBL leads with 5.11% vs 1.74% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, FLBL has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLBL has performed better with a 5.11% return vs 1.74%. 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 0.45% for FLBL.
FLBL has the higher dividend yield at 7.61%, compared with 4.66% for SKOR.
SKOR is categorized as Corporate Bonds, while FLBL is High Yield Bonds. They also come from different issuers: Northern Trust and Franklin Templeton. Their fees differ too: 0.22% for SKOR and 0.45% for FLBL.
SKOR currently has the higher Sharpe Ratio (1.84 vs 0.76), 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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