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Schwab U.S. Aggregate Bond ETF (SCHZ) Sharpe Ratio: 1.21

ETF · Currency in USD · Last updated Jun 23, 2026

SCHZ is an ETF that seeks to track the performance of the Bloomberg US Aggregate Bond Index, providing broad exposure to U.S. investment-grade fixed income securities including government, corporate, and mortgage-backed bonds.

SCHZ's Sharpe Ratio of 1.21 indicates that for each unit of volatility, it generates 1.21 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SCHZ Sharpe Ratio Rank

SCHZ Sharpe Ratio Rank: 34.434
Below Average

SCHZ ranks above 34.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SCHZ Sharpe Ratio Market Positioning

The chart shows SCHZ's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.31+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Schwab U.S. Aggregate Bond ETF's Sharpe Ratio with other ETFs in the Total Bond Market category across multiple time periods, showing how SCHZ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SPABSPDR Portfolio Aggregate Bond ETF1.22
SCHZSchwab U.S. Aggregate Bond ETF1.21
BNDVanguard Total Bond Market ETF1.18
AGGiShares Core U.S. Aggregate Bond ETF1.17
BKAGBNY Mellon Core Bond ETF1.15
BTOTiShares Total USD Fixed Income Market ETF—
CPAGF/m Compoundr U.S. Aggregate Bond ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SCHZ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SCHZ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SCHZ fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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