FlexShares Credit-Scored US Long Corporate… (LKOR) Performance
LKOR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.5% since Dec 31, 2025
- 1 year
- −5.9% total return
- 5 years
- −3.0% a year
- 10 years
- +1.2% a year
- Since first price
- +2.4% a year since 2015
LKOR trailing returns vs AGG, TLT, SPY
| Period | LKOR total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.3% | −0.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.2% | −2.6% | −0.4% | −1.0% | +3.2% |
| 6 months | −4.0% | −6.8% | −1.5% | −3.8% | +7.8% |
| YTD | −3.5% | −7.7% | −1.0% | −3.4% | +12.3% |
| 1 year | −5.9% | −11.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +20.8%+6.5%/yr | +2.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −14.3%−3.0%/yr | −34.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +12.2%+1.2%/yr | −29.6% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionSep 24, 2015 | +29.5%+2.4%/yr | −22.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LKOR vs AGG
From Sep 24, 2015: LKOR grew to $12,953, AGG to $11,983.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LKOR returns by calendar year
6 of 10 full years positive. Best 2019 (+24.0%), worst 2022 (−25.5%). 2026 is year to date.
LKOR annual returns table
| Year | LKOR | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −3.5% | −8.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.0% | −6.6% | +7.2% | +4.3% | +17.7% |
| 2024 | −1.0% | −7.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +11.6% | −14.9% | +5.7% | +2.8% | +26.2% |
| 2022 | −25.5% | −31.9% | −13.0% | −31.2% | −18.2% |
| 2021 | −1.8% | −9.5% | −1.8% | −4.6% | +28.7% |
| 2020 | +12.0% | −28.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +24.0% | −4.9% | +8.5% | +14.1% | +31.2% |
| 2018 | −7.6% | −10.8% | +0.1% | −1.6% | −4.6% |
| 2017 | +13.9% | −4.9% | +3.6% | +9.2% | +21.7% |
| 2016 | +6.6% | −9.4% | +2.4% | +1.2% | +12.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LKOR largest drawdowns
Now 19.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 30, 2020 | −36.4% | Oct 24, 2022 | not yet | 1.9 years | 5.9 years so far |
| Mar 6, 2020 | −28.3% | Mar 19, 2020 | Jun 30, 2020 | 13 days | 4 months |
| Dec 15, 2017 | −11.0% | Nov 15, 2018 | May 24, 2019 | 11 months | 1.4 years |
| Aug 31, 2016 | −10.6% | Mar 13, 2017 | Jul 21, 2017 | 6 months | 11 months |
| Aug 6, 2020 | −5.8% | Oct 30, 2020 | Nov 30, 2020 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LKOR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +4.1% | −3.6% | +0.8% | +2.0% |
| Volatility (annualized) | 11.4% | 14.1% | 12.2% | 11.8% |
| Sharpe ratio | 0.03 | -0.45 | -0.06 | 0.06 |
| Sortino ratio | 0.04 | -0.60 | -0.09 | 0.08 |
| Best month | +10.8% | +10.8% | +10.8% | +10.8% |
| Worst month | −4.9% | −10.4% | −10.4% | −10.4% |
| Best 12 months | +20.5% | +20.5% | +27.2% | +27.2% |
| Worst 12 months | −7.1% | −31.5% | −31.5% | −31.5% |
| Positive months | 61% | 53% | 56% | 57% |
| Beta vs S&P 500 | 0.55 | 0.64 | 0.44 | — |
| Correlation with S&P 500 | 0.59 | 0.72 | 0.56 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LKOR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 122 | −31.5% | +2.7% | +27.2% | 68% |
| 3-year (a year) | 98 | −10.9% | +3.8% | +12.3% | 64% |
| 5-year (a year) | 74 | −4.0% | −0.0% | +9.8% | 50% |
| 10-year (a year) | 14 | +0.8% | +2.3% | +3.2% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
LKOR performance overview
FlexShares Credit-Scored US Long Corporate… (LKOR) returned −5.9% over the past year and +1.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +2.4% a year, turning $10,000 into about $12,953. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −36.4%, from Nov 30, 2020 to Oct 24, 2022; the fund has not yet regained that high. LKOR finished 6 of its 10 full calendar years with a gain; the best year was 2019 (+24.0%) and the worst 2022 (−25.5%). Volatility has been 11.8% a year.
Related: LKOR chart, LKOR dividends, LKOR bond profile. See the LKOR overview for the latest quote and fund facts.
LKOR performance FAQ
What is the LKOR return over the past year?
LKOR returned −5.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.2%.
What is the average annual return of LKOR?
LKOR has returned −3.0% a year over 5 years, +1.2% a year over 10 years, +2.4% a year since September 24, 2015 (total return, distributions reinvested).
How much would $10,000 invested in LKOR be worth?
$10,000 invested in LKOR at its first recorded close on September 24, 2015 would be worth about $12,953 on October 23, 2026 with distributions reinvested.
What was the worst year for LKOR?
The worst calendar year was 2022, with a total return of −25.5%. The best was 2019 at +24.0%.
What is the biggest drawdown of LKOR?
The largest peak-to-trough decline was −36.4% between November 30, 2020 and October 24, 2022. It has not yet recovered to that high; it is 19.3% below its peak.
How volatile is LKOR?
Over the past 3 years LKOR had an annualized volatility of 11.4% and a Sharpe ratio of 0.03 (excess return over 1–3 month T-bills per unit of risk).