SKOR vs. SPHY
Compare and contrast key facts about FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and SPDR Portfolio High Yield Bond ETF (SPHY).
SKOR and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKOR is a passively managed fund by Northern Trust that tracks the performance of the NorthernTrustUS Corporate Bond Quality Value Index. It was launched on Nov 12, 2014. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both SKOR and SPHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKOR or SPHY.
Correlation
The correlation between SKOR and SPHY is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SKOR vs. SPHY - Performance Comparison
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Key characteristics
SKOR:
1.80
SPHY:
1.41
SKOR:
2.57
SPHY:
2.03
SKOR:
1.33
SPHY:
1.30
SKOR:
1.36
SPHY:
1.58
SKOR:
7.10
SPHY:
8.33
SKOR:
0.90%
SPHY:
0.92%
SKOR:
3.66%
SPHY:
5.53%
SKOR:
-15.98%
SPHY:
-21.97%
SKOR:
-0.52%
SPHY:
-0.92%
Returns By Period
In the year-to-date period, SKOR achieves a 2.13% return, which is significantly higher than SPHY's 1.29% return. Over the past 10 years, SKOR has underperformed SPHY with an annualized return of 2.84%, while SPHY has yielded a comparatively higher 4.64% annualized return.
SKOR
2.13%
1.45%
1.86%
6.60%
1.83%
2.84%
SPHY
1.29%
3.13%
0.88%
8.01%
6.57%
4.64%
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SKOR vs. SPHY - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is higher than SPHY's 0.10% 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%.
Risk-Adjusted Performance
SKOR vs. SPHY — Risk-Adjusted Performance Rank
SKOR
SPHY
SKOR vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
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Dividends
SKOR vs. SPHY - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.92%, less than SPHY's 7.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.92% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% | 0.31% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
SKOR vs. SPHY - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for SKOR and SPHY. For additional features, visit the drawdowns tool.
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Volatility
SKOR vs. SPHY - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 1.46%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.35%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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