SKOR vs. IGBH
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) are both Corporate Bonds funds - SKOR tracks the NorthernTrustUS Corporate Bond Quality Value Index while IGBH tracks the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. Both are passively managed. Over the past 10 years, SKOR returned 2.88%/yr vs 5.04%/yr for IGBH. At a 0.19 correlation, their price movements are largely independent. SKOR charges 0.22%/yr vs 0.16%/yr for IGBH.
Performance
SKOR vs. IGBH - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.45% return, which is significantly lower than IGBH's 2.44% return. Over the past 10 years, SKOR has underperformed IGBH with an annualized return of 2.88%, while IGBH has yielded a comparatively higher 5.04% annualized return.
SKOR
- 1D
- 0.11%
- 1M
- 0.25%
- YTD
- 0.45%
- 6M
- 0.78%
- 1Y
- 5.01%
- 3Y*
- 5.94%
- 5Y*
- 1.81%
- 10Y*
- 2.88%
IGBH
- 1D
- 0.12%
- 1M
- 1.52%
- YTD
- 2.44%
- 6M
- 3.11%
- 1Y
- 9.11%
- 3Y*
- 9.02%
- 5Y*
- 5.30%
- 10Y*
- 5.04%
SKOR vs. IGBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.45% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.44% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -4.54% | 9.36% |
Correlation
The correlation between SKOR and IGBH is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2015 | 0.19 |
Over the past year, SKOR and IGBH have become more correlated (0.40) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
SKOR vs. IGBH — Risk / Return Rank
SKOR
IGBH
SKOR vs. IGBH - 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 iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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 | IGBH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.16 | +0.26 |
| Martin ratioReturn relative to average drawdown | 8.60 | 7.90 | +0.70 |
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 | IGBH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.26 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.87 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.55 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.52 | +0.11 |
Drawdowns
SKOR vs. IGBH - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for SKOR and IGBH.
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Drawdown Indicators
| SKOR | IGBH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -33.67% | +17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -4.24% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -6.93% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -10.48% | -4.65% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | -33.67% | +17.69% |
Current DrawdownCurrent decline from peak | -0.67% | -0.07% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -2.66% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.15% | -0.57% |
Volatility
SKOR vs. IGBH - Volatility Comparison
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) have volatilities of 0.84% and 0.82%, 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 | IGBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.82% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 3.14% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 4.05% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 6.13% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 9.20% | -4.30% |
SKOR vs. IGBH - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is higher than IGBH's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SKOR vs. IGBH - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, less than IGBH's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.66% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
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 IGBH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKOR has higher volatility (0.84%) compared to IGBH (0.82%). In terms of maximum drawdown, SKOR dropped -15.98% vs IGBH's -33.67%.
On 10-year performance, IGBH leads with 5.04% vs 2.88% for SKOR. On fees, IGBH is cheaper at 0.16% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGBH has performed better with a 5.04% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.22% for SKOR.
IGBH has the higher dividend yield at 5.66%, compared with 4.66% for SKOR.
SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index, while IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.22% for SKOR and 0.16% for IGBH.
IGBH currently has the higher Sharpe Ratio (2.26 vs 1.86), 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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