TLTE vs. SKOR
TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - TLTE is a Foreign Large Cap Equities fund tracking the Morningstar Emerging Markets Factor Tilt Index, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. Both are passively managed. Over the past 10 years, TLTE returned 9.71%/yr vs 2.84%/yr for SKOR. At a 0.13 correlation, their price movements are largely independent. TLTE charges 0.59%/yr vs 0.22%/yr for SKOR.
Performance
TLTE vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, TLTE achieves a 21.06% return, which is significantly higher than SKOR's 0.78% return. Over the past 10 years, TLTE has outperformed SKOR with an annualized return of 9.71%, while SKOR has yielded a comparatively lower 2.84% annualized return.
TLTE
- 1D
- 0.85%
- 1M
- -1.94%
- YTD
- 21.06%
- 6M
- 21.52%
- 1Y
- 37.50%
- 3Y*
- 21.24%
- 5Y*
- 7.30%
- 10Y*
- 9.71%
SKOR
- 1D
- 0.11%
- 1M
- 0.60%
- YTD
- 0.78%
- 6M
- 0.78%
- 1Y
- 4.69%
- 3Y*
- 6.03%
- 5Y*
- 1.86%
- 10Y*
- 2.84%
TLTE vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 21.06% | 30.21% | 3.53% | 13.62% | -17.31% | 4.79% | 12.10% | 14.51% | -17.44% | 32.82% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.78% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between TLTE and SKOR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.13 |
Over the past year, TLTE and SKOR have become more correlated (0.39) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
TLTE vs. SKOR — Risk / Return Rank
TLTE
SKOR
TLTE vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR). 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.
| TLTE | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.26 | +0.63 |
| Martin ratioReturn relative to average drawdown | 10.81 | 7.75 | +3.06 |
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Drawdowns
TLTE vs. SKOR - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for TLTE and SKOR.
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Drawdown Indicators
| TLTE | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -15.98% | -28.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -2.09% | -10.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -3.11% | -14.32% |
Max Drawdown (5Y)Largest decline over 5 years | -32.65% | -15.13% | -17.52% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | -15.98% | -28.23% |
Current DrawdownCurrent decline from peak | -4.32% | -0.34% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -2.64% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 0.61% | +2.87% |
Volatility
TLTE vs. SKOR - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 11.20% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.84%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than SKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTE | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 0.84% | +10.36% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 2.08% | +17.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 2.71% | +18.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 4.43% | +13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 4.90% | +13.69% |
TLTE vs. SKOR - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
TLTE vs. SKOR - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 3.23%, less than SKOR's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.65% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 3.23% | 3.76% | 3.73% | 4.03% | 4.42% | 3.21% | 1.95% | 3.23% | 3.02% | 2.12% | 2.30% | 2.00% |
Frequently Asked Questions
TLTE and SKOR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTE has higher volatility (11.20%) compared to SKOR (0.84%). In terms of maximum drawdown, TLTE dropped -44.21% vs SKOR's -15.98%.
On 10-year performance, TLTE leads with 9.71% vs 2.84% 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, TLTE has performed better with a 9.71% return vs 2.84%. 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 0.59% for TLTE.
SKOR has the higher dividend yield at 4.65%, compared with 3.23% for TLTE.
TLTE is categorized as Foreign Large Cap Equities, while SKOR is Corporate Bonds. TLTE tracks Morningstar Emerging Markets Factor Tilt Index, while SKOR tracks NorthernTrustUS Corporate Bond Quality Value Index. Their fees differ too: 0.59% for TLTE and 0.22% for SKOR.
TLTE currently has the higher Sharpe Ratio (1.80 vs 1.74), 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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