- CUSIP
- 808524631
- Issuer
- Charles Schwab
- Inception Date
- Jul 10, 2023
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA US Cash Pay High Yield Constrained Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Share Price Chart
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Performance
SCYB Performance Chart
Schwab High Yield Bond ETF (SCYB) is up 1.8% since the beginning of the year. SCYB is currently trading at $26 per share.
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Returns By Period
Schwab High Yield Bond ETF (SCYB) has returned 1.84% so far this year and 6.36% over the past 12 months.
Schwab High Yield Bond ETF
- 1D
- -0.08%
- 1M
- 0.42%
- YTD
- 1.84%
- 6M
- 1.96%
- 1Y
- 6.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SCYB Monthly Returns History
Based on dividend-adjusted daily data since Jul 11, 2023, SCYB's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 75% of months were positive and 25% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2023 at -1.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SCYB closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +2.7%, while the worst single day was Apr 4, 2025 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.76% | 0.02% | -1.23% | 1.72% | 0.63% | -0.04% | 1.84% | ||||||
| 2025 | 1.26% | 0.85% | -1.05% | 0.02% | 1.43% | 2.00% | 0.16% | 1.16% | 1.16% | -0.26% | 0.86% | 0.50% | 8.33% |
| 2024 | 0.13% | 0.30% | 1.14% | -1.23% | 1.48% | 0.64% | 2.16% | 1.69% | 1.53% | -0.80% | 1.63% | -0.74% | 8.15% |
| 2023 | 1.55% | 0.28% | -1.52% | -1.02% | 4.64% | 3.29% | 7.29% |
Benchmark Metrics
Schwab High Yield Bond ETF has an annualized alpha of 4.03%, beta of 0.25, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since July 11, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (31.04%) than losses (20.10%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 4.03% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.25 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.03%
- Beta
- 0.25
- R²
- 0.53
- Upside Capture
- 31.04%
- Downside Capture
- 20.10%
Expense Ratio
SCYB has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SCYB ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and compare them to S&P 500 Index.
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.
| SCYB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.46 | +0.16 |
| Martin ratioReturn relative to average drawdown | 11.63 | 10.92 | +0.71 |
Dividends
Dividend History
Schwab High Yield Bond ETF provided a 6.92% dividend yield over the last twelve months, with an annual payout of $1.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.81 | $1.85 | $1.85 | $0.87 |
Dividend yield | 6.92% | 6.99% | 7.06% | 3.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.16 | $0.14 | $0.15 | $0.14 | $0.15 | $0.75 | ||||||
| 2025 | $0.00 | $0.17 | $0.15 | $0.14 | $0.16 | $0.16 | $0.15 | $0.16 | $0.15 | $0.15 | $0.16 | $0.29 | $1.85 |
| 2024 | $0.00 | $0.13 | $0.16 | $0.16 | $0.16 | $0.17 | $0.14 | $0.16 | $0.15 | $0.15 | $0.17 | $0.29 | $1.85 |
| 2023 | $0.18 | $0.17 | $0.15 | $0.38 | $0.87 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab High Yield Bond ETF was 4.92%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Schwab High Yield Bond ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.92%Apr 2025 | 1mo 6d | 1mo 4d | 2mo 10dMar 2025 - May 2025 |
2023 pullback2023 | -3.57%Oct 2023 | 3mo 7d | 15d | 3mo 22dJul 2023 - Nov 2023 |
2026 pullback2026 | -2.44%Mar 2026 | 1mo 2d | 13d | 1mo 15dFeb 2026 - Apr 2026 |
2024 pullback2024 | -2.08%Apr 2024 | 15d | 20d | 1mo 5dApr 2024 - May 2024 |
2024 pullback2024 | -1.77%Dec 2024 | 10d | 1mo 3d | 1mo 13dDec 2024 - Jan 2025 |
Drawdown Indicators
| SCYB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -56.78% | +51.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -9.10% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -3.21% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -10.71% | +10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.04% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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