SKOR vs. JHCB
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and JHCB (John Hancock Corporate Bond ETF) are both Corporate Bonds funds. SKOR is passively managed, while JHCB is actively managed. Over the past 5 years, SKOR returned 1.81%/yr vs 0.67%/yr for JHCB. Their correlation of 0.91 suggests significant overlap in exposure. SKOR charges 0.22%/yr vs 0.29%/yr for JHCB.
Performance
SKOR vs. JHCB - 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 JHCB's 0.51% 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%
JHCB
- 1D
- 0.14%
- 1M
- 0.41%
- YTD
- 0.51%
- 6M
- 0.11%
- 1Y
- 5.21%
- 3Y*
- 5.74%
- 5Y*
- 0.67%
- 10Y*
- —
SKOR vs. JHCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.45% | 7.99% | 4.42% | 7.64% | -9.88% | 0.84% |
JHCB John Hancock Corporate Bond ETF | 0.51% | 8.02% | 2.75% | 8.89% | -15.93% | 3.41% |
Correlation
The correlation between SKOR and JHCB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.91 |
The correlation between SKOR and JHCB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
SKOR vs. JHCB — Risk / Return Rank
SKOR
JHCB
SKOR vs. JHCB - 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 John Hancock Corporate Bond ETF (JHCB). 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 | JHCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.66 | +0.76 |
| Martin ratioReturn relative to average drawdown | 8.60 | 5.44 | +3.16 |
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 | JHCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.20 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.10 | +0.31 |
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 | 0.15 | +0.47 |
Drawdowns
SKOR vs. JHCB - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum JHCB drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for SKOR and JHCB.
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Drawdown Indicators
| SKOR | JHCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -22.61% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -3.16% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -6.54% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -22.61% | +7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.90% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -8.20% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.96% | -0.38% |
Volatility
SKOR vs. JHCB - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.84%, while John Hancock Corporate Bond ETF (JHCB) has a volatility of 1.38%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than JHCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | JHCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.38% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 3.24% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 4.39% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 6.95% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 6.87% | -1.97% |
SKOR vs. JHCB - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than JHCB's 0.29% expense ratio.
Dividends
SKOR vs. JHCB - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, less than JHCB's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHCB John Hancock Corporate Bond ETF | 4.95% | 4.92% | 5.02% | 4.35% | 3.86% | 2.41% | 0.00% | 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 JHCB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHCB has higher volatility (1.38%) compared to SKOR (0.84%). In terms of maximum drawdown, SKOR dropped -15.98% vs JHCB's -22.61%.
On 5-year performance, SKOR leads with 1.81% vs 0.67% for JHCB. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SKOR has performed better with a 1.81% return vs 0.67%. 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 JHCB.
JHCB has the higher dividend yield at 4.95%, compared with 4.66% for SKOR.
They also come from different issuers: Northern Trust and John Hancock. Their fees differ too: 0.22% for SKOR and 0.29% for JHCB.
SKOR currently has the higher Sharpe Ratio (1.86 vs 1.20), 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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