SKOR vs. FMHI
Compare and contrast key facts about FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and First Trust Municipal High Income ETF (FMHI).
SKOR and FMHI 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. FMHI is an actively managed fund by First Trust. It was launched on Nov 1, 2017.
Performance
SKOR vs. FMHI - Performance Comparison
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SKOR vs. FMHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.02% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 0.01% |
FMHI First Trust Municipal High Income ETF | 0.79% | 3.54% | 5.41% | 7.20% | -14.67% | 7.58% | 4.09% | 10.34% | 2.50% | 1.08% |
Returns By Period
In the year-to-date period, SKOR achieves a 0.02% return, which is significantly lower than FMHI's 0.79% return.
SKOR
- 1D
- 0.22%
- 1M
- -0.78%
- YTD
- 0.02%
- 6M
- 1.00%
- 1Y
- 5.53%
- 3Y*
- 5.54%
- 5Y*
- 1.95%
- 10Y*
- 2.90%
FMHI
- 1D
- 0.13%
- 1M
- -0.58%
- YTD
- 0.79%
- 6M
- 2.68%
- 1Y
- 4.25%
- 3Y*
- 4.82%
- 5Y*
- 1.10%
- 10Y*
- —
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SKOR vs. FMHI - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than FMHI's 0.55% expense ratio.
Return for Risk
SKOR vs. FMHI — Risk / Return Rank
SKOR
FMHI
SKOR vs. FMHI - 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 First Trust Municipal High Income ETF (FMHI). 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.
| SKOR | FMHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 0.88 | +0.81 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.14 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 0.78 | +1.72 |
Martin ratioReturn relative to average drawdown | 9.58 | 1.98 | +7.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKOR | FMHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 0.88 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.23 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.53 | +0.09 |
Correlation
The correlation between SKOR and FMHI is 0.44, 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.
Dividends
SKOR vs. FMHI - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.71%, more than FMHI's 4.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.71% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
FMHI First Trust Municipal High Income ETF | 4.24% | 4.16% | 4.01% | 3.89% | 3.57% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% | 0.00% | 0.00% |
Drawdowns
SKOR vs. FMHI - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum FMHI drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for SKOR and FMHI.
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Drawdown Indicators
| SKOR | FMHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -18.83% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -4.89% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -18.83% | +3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.28% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -4.60% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.91% | -1.33% |
Volatility
SKOR vs. FMHI - Volatility Comparison
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and First Trust Municipal High Income ETF (FMHI) have volatilities of 1.37% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | FMHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.43% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 1.98% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 4.85% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 4.75% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.77% | -0.86% |