SKOR vs. SPIB
Compare and contrast key facts about FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).
SKOR and SPIB 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. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009. Both SKOR and SPIB 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 SPIB.
Key characteristics
| SKOR | SPIB | |
|---|---|---|
| YTD Return | 4.03% | 3.88% |
| 1Y Return | 8.68% | 8.51% |
| 3Y Return (Ann) | 0.37% | 0.32% |
| 5Y Return (Ann) | 1.74% | 1.55% |
| 10Y Return (Ann) | 2.83% | 2.51% |
| Sharpe Ratio | 2.15 | 2.14 |
| Sortino Ratio | 3.27 | 3.28 |
| Omega Ratio | 1.41 | 1.40 |
| Calmar Ratio | 0.97 | 0.95 |
| Martin Ratio | 10.65 | 10.64 |
| Ulcer Index | 0.79% | 0.77% |
| Daily Std Dev | 3.91% | 3.85% |
| Max Drawdown | -15.98% | -14.94% |
| Current Drawdown | -1.92% | -2.04% |
Correlation
The correlation between SKOR and SPIB is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SKOR vs. SPIB - Performance Comparison
The year-to-date returns for both stocks are quite close, with SKOR having a 4.03% return and SPIB slightly lower at 3.88%. Over the past 10 years, SKOR has outperformed SPIB with an annualized return of 2.83%, while SPIB has yielded a comparatively lower 2.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SKOR vs. SPIB - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is higher than SPIB's 0.07% 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. SPIB - 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 Intermediate Term Corporate Bond ETF (SPIB). 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.
Dividends
SKOR vs. SPIB - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.84%, more than SPIB's 4.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.84% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% | 0.31% | 0.00% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.39% | 3.83% | 2.65% | 1.58% | 2.18% | 3.04% | 3.04% | 2.79% | 2.69% | 2.70% | 2.65% | 3.03% |
Drawdowns
SKOR vs. SPIB - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, which is greater than SPIB's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for SKOR and SPIB. For additional features, visit the drawdowns tool.
Volatility
SKOR vs. SPIB - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 1.07%, while SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a volatility of 1.13%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.