SKOR vs. QLV
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and QLV (FlexShares US Quality Low Volatility Index Fund) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while QLV is a Volatility Hedged Equity fund tracking the Northern Trust Quality Low Volatility Index. Both are passively managed. Over the past 5 years, SKOR returned 1.81%/yr vs 10.83%/yr for QLV. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.22% expense ratio.
Performance
SKOR vs. QLV - 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 QLV's 5.97% 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%
QLV
- 1D
- 0.46%
- 1M
- 2.35%
- YTD
- 5.97%
- 6M
- 5.95%
- 1Y
- 14.78%
- 3Y*
- 15.41%
- 5Y*
- 10.83%
- 10Y*
- —
SKOR vs. QLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.45% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 3.25% |
QLV FlexShares US Quality Low Volatility Index Fund | 5.97% | 12.28% | 18.08% | 13.71% | -9.97% | 26.08% | 9.63% | 6.24% |
Correlation
The correlation between SKOR and QLV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.29 |
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Return for Risk
SKOR vs. QLV — Risk / Return Rank
SKOR
QLV
SKOR vs. QLV - 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 FlexShares US Quality Low Volatility Index Fund (QLV). 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 | QLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.40 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.60 | 10.19 | -1.58 |
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 | QLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.94 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.86 | -0.45 |
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 | 0.69 | -0.07 |
Drawdowns
SKOR vs. QLV - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum QLV drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for SKOR and QLV.
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Drawdown Indicators
| SKOR | QLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -33.71% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -6.19% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -12.05% | +8.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -17.93% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.36% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -4.00% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.45% | -0.87% |
Volatility
SKOR vs. QLV - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.84%, while FlexShares US Quality Low Volatility Index Fund (QLV) has a volatility of 1.64%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than QLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | QLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.64% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 5.35% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 7.66% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 12.64% | -8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 16.56% | -11.66% |
SKOR vs. QLV - Expense Ratio Comparison
Both SKOR and QLV have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SKOR vs. QLV - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, more than QLV's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLV FlexShares US Quality Low Volatility Index Fund | 1.51% | 1.60% | 1.66% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% | 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 QLV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLV has higher volatility (1.64%) compared to SKOR (0.84%). In terms of maximum drawdown, SKOR dropped -15.98% vs QLV's -33.71%.
On 5-year performance, QLV leads with 10.83% vs 1.81% for SKOR. Both ETFs have the same 0.22% expense ratio. 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, QLV has performed better with a 10.83% return vs 1.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKOR and QLV have the same expense ratio: 0.22% per year.
SKOR has the higher dividend yield at 4.66%, compared with 1.51% for QLV.
SKOR is categorized as Corporate Bonds, while QLV is Volatility Hedged Equity. SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index, while QLV tracks Northern Trust Quality Low Volatility Index.
QLV currently has the higher Sharpe Ratio (1.94 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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