Schwab High Yield Bond ETF (SCYB)
The ETF aims to track the performance of U.S. dollar denominated below investment grade corporate debt (junk bonds) issued in the U.S. domestic market, with a focus on bonds in a coupon-paying period.
ETF Info
| CUSIP | 808524631 |
|---|---|
| Issuer | Charles Schwab |
| Inception Date | Jul 10, 2023 |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | ICE BofA US Cash Pay High Yield Constrained Index |
| Distribution Policy | Distributing |
| Asset Class | Bond |
Expense Ratio
SCYB has an expense ratio of 0.03%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SCYB vs. SPHY, SCYB vs. SCMB, SCYB vs. FIBUX, SCYB vs. SPY, SCYB vs. SCHD, SCYB vs. HYG, SCYB vs. FALN, SCYB vs. SCHI, SCYB vs. SCHR, SCYB vs. PFXF
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab High Yield Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Schwab High Yield Bond ETF had a return of 10.64% year-to-date (YTD) and 16.51% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.64% | 25.48% |
| 1 month | 0.28% | 2.14% |
| 6 months | 7.66% | 12.76% |
| 1 year | 16.51% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of SCYB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.13% | 0.30% | 1.77% | -1.23% | 1.48% | 0.64% | 2.73% | 2.32% | 1.54% | -0.25% | 10.64% | ||
| 2023 | 1.03% | 0.28% | -1.52% | -1.02% | 4.64% | 4.07% | 7.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SCYB is 97, placing it in the top 3% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Schwab High Yield Bond ETF provided a 10.18% dividend yield over the last twelve months, with an annual payout of $2.69 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.69 | $1.02 |
Dividend yield | 10.18% | 3.94% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.27 | $0.32 | $0.16 | $0.32 | $0.17 | $0.14 | $0.32 | $0.15 | $0.29 | $0.17 | $2.31 | |
| 2023 | $0.18 | $0.17 | $0.30 | $0.38 | $1.02 |
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.
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 3.57%, occurring on Oct 19, 2023. Recovery took 11 trading sessions.
The current Schwab High Yield Bond ETF drawdown is 0.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.57% | Jul 14, 2023 | 69 | Oct 19, 2023 | 11 | Nov 3, 2023 | 80 |
| -2.08% | Apr 1, 2024 | 12 | Apr 16, 2024 | 14 | May 6, 2024 | 26 |
| -1.65% | Dec 28, 2023 | 5 | Jan 4, 2024 | 19 | Feb 1, 2024 | 24 |
| -1.04% | Feb 2, 2024 | 8 | Feb 13, 2024 | 12 | Mar 1, 2024 | 20 |
| -0.95% | May 16, 2024 | 9 | May 29, 2024 | 4 | Jun 4, 2024 | 13 |
Volatility
Volatility Chart
The current Schwab High Yield Bond ETF volatility is 1.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.