SKOR vs. LQDI
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and LQDI (iShares Inflation Hedged Corporate Bond ETF) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while LQDI is a Inflation-Protected Bonds fund actively managed by iShares. SKOR is passively managed, while LQDI is actively managed. Over the past 5 years, SKOR returned 1.86%/yr vs 1.75%/yr for LQDI. A 0.64 correlation means they provide meaningful diversification when combined. SKOR charges 0.22%/yr vs 0.18%/yr for LQDI.
Performance
SKOR vs. LQDI - Performance Comparison
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Returns By Period
In the year-to-date period, SKOR achieves a 0.78% return, which is significantly lower than LQDI's 1.39% return.
SKOR
- 1D
- 0.11%
- 1M
- 0.60%
- YTD
- 0.78%
- 6M
- 0.78%
- 1Y
- 4.69%
- 3Y*
- 6.03%
- 5Y*
- 1.86%
- 10Y*
- 2.84%
LQDI
- 1D
- -0.05%
- 1M
- -0.07%
- YTD
- 1.39%
- 6M
- 1.04%
- 1Y
- 5.65%
- 3Y*
- 5.52%
- 5Y*
- 1.75%
- 10Y*
- —
SKOR vs. LQDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.78% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | 2.19% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 1.39% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -2.07% |
Correlation
The correlation between SKOR and LQDI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 10, 2018 | 0.64 |
The correlation between SKOR and LQDI shifts across timeframes, from 0.64 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SKOR vs. LQDI — Risk / Return Rank
SKOR
LQDI
SKOR vs. LQDI - 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 Inflation Hedged Corporate Bond ETF (LQDI). 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 | LQDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.97 | +0.29 |
| Martin ratioReturn relative to average drawdown | 7.75 | 5.88 | +1.87 |
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Drawdowns
SKOR vs. LQDI - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for SKOR and LQDI.
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Drawdown Indicators
| SKOR | LQDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -28.99% | +13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -2.88% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -6.27% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -20.67% | +5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.72% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -5.22% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.96% | -0.35% |
Volatility
SKOR vs. LQDI - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.84%, while iShares Inflation Hedged Corporate Bond ETF (LQDI) has a volatility of 1.09%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | LQDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.09% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 3.46% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 4.94% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 8.14% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 10.80% | -5.90% |
SKOR vs. LQDI - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is higher than LQDI's 0.18% 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. LQDI - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.65%, more than LQDI's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.60% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.65% | 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 LQDI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDI has higher volatility (1.09%) compared to SKOR (0.84%). In terms of maximum drawdown, SKOR dropped -15.98% vs LQDI's -28.99%.
On 5-year performance, SKOR leads with 1.86% vs 1.75% for LQDI. On fees, LQDI is cheaper at 0.18% 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 1.86% return vs 1.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDI is cheaper with a 0.18% expense ratio, compared with 0.22% for SKOR.
SKOR has the higher dividend yield at 4.65%, compared with 4.60% for LQDI.
SKOR is categorized as Corporate Bonds, while LQDI is Inflation-Protected Bonds. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.22% for SKOR and 0.18% for LQDI.
SKOR currently has the higher Sharpe Ratio (1.74 vs 1.15), 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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