SKOR vs. NEAR
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while NEAR is a Short-Term Bond fund actively managed by iShares. SKOR is passively managed, while NEAR is actively managed. Over the past 10 years, SKOR returned 2.88%/yr vs 2.85%/yr for NEAR. At a 0.38 correlation, their price movements are largely independent. SKOR charges 0.22%/yr vs 0.25%/yr for NEAR.
Performance
SKOR vs. NEAR - 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 NEAR's 0.79% return. Both investments have delivered pretty close results over the past 10 years, with SKOR having a 2.88% annualized return and NEAR not far behind at 2.85%.
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%
NEAR
- 1D
- -0.03%
- 1M
- 0.22%
- YTD
- 0.79%
- 6M
- 1.16%
- 1Y
- 4.12%
- 3Y*
- 5.61%
- 5Y*
- 3.87%
- 10Y*
- 2.85%
SKOR vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
NEAR iShares Short Duration Bond Active ETF | 0.79% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
Correlation
The correlation between SKOR and NEAR is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.38 |
Over the past year, SKOR and NEAR have become more correlated (0.83) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
SKOR vs. NEAR — Risk / Return Rank
SKOR
NEAR
SKOR vs. NEAR - 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 Short Duration Bond Active ETF (NEAR). 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 | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.62 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.59 | -1.21 |
| Martin ratioReturn relative to average drawdown | 8.31 | 16.36 | -8.06 |
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Drawdowns
SKOR vs. NEAR - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for SKOR and NEAR.
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Drawdown Indicators
| SKOR | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -9.61% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -1.13% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -1.16% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -1.32% | -13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | -9.61% | -6.37% |
Current DrawdownCurrent decline from peak | -0.57% | -0.03% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -0.16% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.25% | +0.35% |
Volatility
SKOR vs. NEAR - Volatility Comparison
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) has a higher volatility of 0.94% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.44%. This indicates that SKOR's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.44% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.02% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 1.36% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 1.34% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 2.50% | +2.40% |
SKOR vs. NEAR - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, 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. NEAR - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, more than NEAR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 4.43% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
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 NEAR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKOR has higher volatility (0.94%) compared to NEAR (0.44%). In terms of maximum drawdown, SKOR dropped -15.98% vs NEAR's -9.61%.
On 10-year performance, SKOR leads with 2.88% vs 2.85% for NEAR. On fees, SKOR is cheaper at 0.22% per year. On volatility, NEAR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SKOR has performed better with a 2.88% return vs 2.85%. 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 0.25% for NEAR.
SKOR has the higher dividend yield at 4.66%, compared with 4.43% for NEAR.
SKOR is categorized as Corporate Bonds, while NEAR is Short-Term Bond. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.22% for SKOR and 0.25% for NEAR.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.84), 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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