SKOR vs. TLTD
SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) are both exchange-traded funds - SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index, while TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index. Both are passively managed. Over the past 10 years, SKOR returned 2.88%/yr vs 9.46%/yr for TLTD. At a 0.16 correlation, their price movements are largely independent. SKOR charges 0.22%/yr vs 0.39%/yr for TLTD.
Performance
SKOR vs. TLTD - 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 TLTD's 9.17% return. Over the past 10 years, SKOR has underperformed TLTD with an annualized return of 2.88%, while TLTD has yielded a comparatively higher 9.46% annualized 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%
TLTD
- 1D
- 0.66%
- 1M
- 2.06%
- YTD
- 9.17%
- 6M
- 12.36%
- 1Y
- 26.99%
- 3Y*
- 20.32%
- 5Y*
- 9.65%
- 10Y*
- 9.46%
SKOR vs. TLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.45% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 9.17% | 39.69% | 4.78% | 17.19% | -13.74% | 12.84% | 4.21% | 21.26% | -17.57% | 26.27% |
Correlation
The correlation between SKOR and TLTD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.16 |
Over the past year, SKOR and TLTD have become more correlated (0.46) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
SKOR vs. TLTD — Risk / Return Rank
SKOR
TLTD
SKOR vs. TLTD - 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 Morningstar Developed Markets ex-US Factor Tilt (TLTD). 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 | TLTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.24 | +0.17 |
| Martin ratioReturn relative to average drawdown | 8.60 | 8.58 | +0.03 |
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 | TLTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.88 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.61 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.52 | +0.11 |
Drawdowns
SKOR vs. TLTD - Drawdown Comparison
The maximum SKOR drawdown since its inception was -15.98%, smaller than the maximum TLTD drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for SKOR and TLTD.
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Drawdown Indicators
| SKOR | TLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -40.62% | +24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -12.11% | +10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -13.10% | +9.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -28.96% | +13.83% |
Max Drawdown (10Y)Largest decline over 10 years | -15.98% | -40.62% | +24.64% |
Current DrawdownCurrent decline from peak | -0.67% | -1.71% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -7.68% | +5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 3.16% | -2.58% |
Volatility
SKOR vs. TLTD - Volatility Comparison
The current volatility for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is 0.84%, while FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a volatility of 4.23%. This indicates that SKOR experiences smaller price fluctuations and is considered to be less risky than TLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKOR | TLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 4.23% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 12.00% | -10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 14.45% | -11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 15.97% | -11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 16.81% | -11.91% |
SKOR vs. TLTD - Expense Ratio Comparison
SKOR has a 0.22% expense ratio, which is lower than TLTD's 0.39% expense ratio.
Dividends
SKOR vs. TLTD - Dividend Comparison
SKOR's dividend yield for the trailing twelve months is around 4.66%, more than TLTD's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.06% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
Frequently Asked Questions
SKOR and TLTD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTD has higher volatility (4.23%) compared to SKOR (0.84%). In terms of maximum drawdown, SKOR dropped -15.98% vs TLTD's -40.62%.
On 10-year performance, TLTD leads with 9.46% vs 2.88% for SKOR. On fees, SKOR is cheaper at 0.22% 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 10-year period, TLTD has performed better with a 9.46% return vs 2.88%. 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 0.39% for TLTD.
SKOR has the higher dividend yield at 4.66%, compared with 3.06% for TLTD.
SKOR is categorized as Corporate Bonds, while TLTD is Global Equities. SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index, while TLTD tracks Morningstar Developed Markets ex-US Factor Tilt Index. Their fees differ too: 0.22% for SKOR and 0.39% for TLTD.
TLTD currently has the higher Sharpe Ratio (1.88 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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