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ETFs

FlexShares Trust FlexShares Credit-Scored US Corporate Bond Index Fund

SKOR
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 12, 2014
Expense Ratio
0.22%
Type
US Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$811,805
AUM
$274,652,046
Associated Index
Northern Trust US Corporate Bond Quality Value Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
CASH
2.72%
WFC5573166
WELLS FARGO & CO CALLABLE NOTES VARIABLE
0.4%
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BERKSHIRE HATHAWAY ENERGY CO CALLABLE NOTES FIXED
0.38%
FIVD
Fiserv Inc 3.5 % Notes 2019-01.07.29 Global
0.37%
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Citigroup 4.45 % Notes 2015-29.9.27
0.35%
WFC4845282
WELLS FARGO & CO CALLABLE MEDIUM TERM NOTE
0.32%
JPM5167951
JPMORGAN CHASE & CO CALLABLE NOTES VARIABLE
0.31%
C5591552
CITIGROUP INC CALLABLE NOTES VARIABLE 25/MAY/2034
0.31%
ABBV5083839
ABBVIE INC CALLABLE NOTES FIXED 3.8 15/MAR/2025
0.3%
HSBC30
HSBC Holdings plc - FXDFR NT REDEEM 22/05/2030 USD 200000
0.3%
Invest with SKOR
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What is SKOR?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust US Corporate Bond Quality Value Index (Underlying Index). The Underlying Index reflects the performance of a broad universe of US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a sub-set of the securities included in the Parent Index, which is a market-capitalization weighted index comprised of US dollar-denominated investment grade corporate bonds. Effective April 30, 2020, the Fund s investment objective, principal investment strategies and underlying index were changed. Additionally, the underlying index for SKOR was changed from the Northern Trust Credit-Scored US Corporate Bond Index to the Northern Trust US Corporate Bond Quality Value Index.

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SKOR
Performance Measures**

for the time period Nov 13, 2014 to Jan 16, 2026

Returns

1M Trailing Return: 0.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -16.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 4.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.65

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.20

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSKOR

ETFs correlated to SKOR include IGIB, VCIT, SCHI

SKOR
FlexShares Trust - FlexShares Credit-Scored US Corporate Bond Index Fund
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
SPIB
SSgA Active Trust - SPDR Portfolio Intermediate Term Corporate Bond ETF
BSCS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Corporate Bond ETF
BSCT
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2029 Corporate Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BSCR
Invesco Capital Management LLC - Invesco BulletShares 2027 Corporate Bond ETF
IBDX
iShares Trust - iShares iBonds Dec 2032 Term Corporate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSKOR

Digital Gold Rush

Category

Tactical macro, cross-asset, gold, bitcoin, US dollar, risk-on/risk-off, momentum/mean-reversion, leveraged/inverse ETFs, daily rebalance

OOS Cumulative Return

11.64%

IRA

Category

Global macro, Long/short, Volatility timing, Currencies, Commodities, Crypto, Tech tilt, Leveraged ETFs, Risk-on/risk-off

OOS Cumulative Return

4.61%

Create your own algorithmic trading strategy with SKOR using Composer

FAQ

SKOR is a US Bonds ETF. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust US Corporate Bond Quality Value Index (Underlying Index). The Underlying Index reflects the performance of a broad universe of US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a sub-set of the securities included in the Parent Index, which is a market-capitalization weighted index comprised of US dollar-denominated investment grade corporate bonds. Effective April 30, 2020, the Fund s investment objective, principal investment strategies and underlying index were changed. Additionally, the underlying index for SKOR was changed from the Northern Trust Credit-Scored US Corporate Bond Index to the Northern Trust US Corporate Bond Quality Value Index.

SKOR tracks the Northern Trust US Corporate Bond Quality Value Index.

No, SKOR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SKOR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SKOR is -0.004%. This is the percent change in the value of SKOR over the most recent 1-month period. The 3-month return on SKOR is -0.0068%. This is the percent change in the value of SKOR over the most recent 3-month period.

The standard deviation of SKOR for the past year is 0.0568%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SKOR include IGSB, VCLT, and LQD.

ETFs correlated to SKOR include IGIB, VCIT, and SCHI.

ETFs that are inversely correlated to SKOR include PST, TBX, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.