SKOR vs. FLRG
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and FLRG (Fidelity U.S. Multifactor ETF) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while FLRG is a Large Cap Growth Equities fund tracking the Fidelity U.S. Multifactor Index. Both are passively managed. Over the past 5 years, SKOR returned 1.74%/yr vs 12.45%/yr for FLRG. At a 0.29 correlation, their price movements are largely independent. SKOR charges 0.22%/yr vs 0.29%/yr for FLRG.
Performance
SKOR vs. FLRG - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.54% return, which is significantly lower than FLRG's 7.49% 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%
FLRG
- 1D
- 0.59%
- 1M
- -0.73%
- YTD
- 7.49%
- 6M
- 6.89%
- 1Y
- 17.66%
- 3Y*
- 18.22%
- 5Y*
- 12.45%
- 10Y*
- —
SKOR vs. FLRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 1.49% |
FLRG Fidelity U.S. Multifactor ETF | 7.49% | 13.92% | 23.36% | 18.31% | -10.98% | 29.36% | 9.90% |
Correlation
The correlation between SKOR and FLRG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.29 |
The correlation between SKOR and FLRG shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SKOR vs. FLRG — Risk / Return Rank
SKOR
FLRG
SKOR vs. FLRG - 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 U.S. Multifactor ETF (FLRG). 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 | FLRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.31 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.31 | 8.93 | -0.62 |
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Drawdowns
SKOR vs. FLRG - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum FLRG drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for SKOR and FLRG.
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Drawdown Indicators
| SKOR | FLRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -19.64% | +3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -7.16% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -16.53% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -19.64% | +4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -1.87% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -3.73% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 1.86% | -1.26% |
Volatility
SKOR vs. FLRG - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.94%, while Fidelity U.S. Multifactor ETF (FLRG) has a volatility of 3.57%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than FLRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | FLRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 3.57% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 8.13% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 10.49% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 15.22% | -10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 15.03% | -10.13% |
SKOR vs. FLRG - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than FLRG's 0.29% expense ratio.
Dividends
SKOR vs. FLRG - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, more than FLRG's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.36% | 1.42% | 1.42% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 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 FLRG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRG has higher volatility (3.57%) compared to SKOR (0.94%). In terms of maximum drawdown, SKOR dropped -15.98% vs FLRG's -19.64%.
On 5-year performance, FLRG leads with 12.45% vs 1.74% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRG has performed better with a 12.45% 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 0.29% for FLRG.
SKOR has the higher dividend yield at 4.66%, compared with 1.36% for FLRG.
SKOR is categorized as Corporate Bonds, while FLRG is Large Cap Growth Equities. SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index, while FLRG tracks Fidelity U.S. Multifactor Index. They also come from different issuers: Northern Trust and Fidelity. Their fees differ too: 0.22% for SKOR and 0.29% for FLRG.
SKOR currently has the higher Sharpe Ratio (1.84 vs 1.58), 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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