AFIX vs. SCCR

Last updated Jun 4, 2026

AFIX (Allspring Broad Market Core Bond ETF) and SCCR (Schwab Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past year, AFIX returned 5.65% vs 6.10% for SCCR. Their correlation of 0.93 suggests significant overlap in exposure. AFIX charges 0.20%/yr vs 0.16%/yr for SCCR.

Performance

AFIX vs. SCCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Broad Market Core Bond ETF (AFIX) and Schwab Core Bond ETF (SCCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AFIX having a 0.31% return and SCCR slightly higher at 0.32%.

AFIX

• 1D: -0.22%
• 1M: 0.23%
• YTD: 0.31%
• 6M: 0.22%
• 1Y: 5.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCCR

• 1D: -0.16%
• 1M: 0.39%
• YTD: 0.32%
• 6M: 0.35%
• 1Y: 6.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFIX vs. SCCR - Yearly Performance Comparison

	2026 (YTD)	2025
AFIX Allspring Broad Market Core Bond ETF	0.31%	6.24%
SCCR Schwab Core Bond ETF	0.32%	6.66%

Correlation

The correlation between AFIX and SCCR is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.93

The correlation between AFIX and SCCR has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

AFIX vs. SCCR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFIX

AFIX Risk / Return Rank: 40
AFIX Sharpe Ratio Rank: 41
AFIX Sortino Ratio Rank: 43
AFIX Omega Ratio Rank: 40
AFIX Calmar Ratio Rank: 38
AFIX Martin Ratio Rank: 37

SCCR

SCCR Risk / Return Rank: 45
SCCR Sharpe Ratio Rank: 46
SCCR Sortino Ratio Rank: 50
SCCR Omega Ratio Rank: 45
SCCR Calmar Ratio Rank: 44
SCCR Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFIX vs. SCCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Broad Market Core Bond ETF (AFIX) and Schwab Core Bond ETF (SCCR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AFIX	SCCR	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.63	-0.20
Sortino ratio: Return per unit of downside risk	2.14	2.46	-0.32
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio: Return relative to maximum drawdown	1.83	2.18	-0.35
Martin ratio: Return relative to average drawdown	5.67	6.58	-0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFIX vs. SCCR - Sharpe Ratio Comparison

The current AFIX Sharpe Ratio is 1.43, which is comparable to the SCCR Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of AFIX and SCCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AFIX	SCCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.63	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.20	-0.31

Drawdowns

AFIX vs. SCCR - Drawdown Comparison

The maximum AFIX drawdown since its inception was -3.33%, which is greater than SCCR's maximum drawdown of -2.81%. Use the drawdown chart below to compare losses from any high point for AFIX and SCCR.

Drawdown Indicators

	AFIX	SCCR	Difference
Max Drawdown Largest peak-to-trough decline	-3.33%	-2.81%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-2.81%	-0.29%
Current Drawdown Current decline from peak	-1.88%	-1.56%	-0.32%
Average Drawdown Average peak-to-trough decline	-0.96%	-0.76%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.93%	+0.07%

Volatility

AFIX vs. SCCR - Volatility Comparison

Allspring Broad Market Core Bond ETF (AFIX) has a higher volatility of 1.42% compared to Schwab Core Bond ETF (SCCR) at 1.28%. This indicates that AFIX's price experiences larger fluctuations and is considered to be riskier than SCCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFIX	SCCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	1.28%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	2.70%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	3.75%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	4.38%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.55%	4.38%	+0.17%

AFIX vs. SCCR - Expense Ratio Comparison

AFIX has a 0.20% expense ratio, which is higher than SCCR's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AFIX vs. SCCR - Dividend Comparison

AFIX's dividend yield for the trailing twelve months is around 5.02%, more than SCCR's 4.63% yield.

Position	TTM	2025	2024
AFIX Allspring Broad Market Core Bond ETF	5.02%	4.94%	0.38%
SCCR Schwab Core Bond ETF	4.63%	3.91%	0.00%

Frequently Asked Questions

Can I hold both AFIX and SCCR in my portfolio?

With a correlation of 0.92, AFIX and SCCR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AFIX or SCCR?

AFIX has higher volatility (1.42%) compared to SCCR (1.28%). In terms of maximum drawdown, AFIX dropped -3.33% vs SCCR's -2.81%.

Which ETF is better, AFIX or SCCR?

On 1-year performance, SCCR leads with 6.10% vs 5.65% for AFIX. On fees, SCCR is cheaper at 0.16% per year. On volatility, SCCR has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFIX or SCCR?

Over the 1-year period, SCCR has performed better with a 6.10% return vs 5.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFIX or SCCR?

SCCR is cheaper with a 0.16% expense ratio, compared with 0.20% for AFIX.

Which ETF pays a higher dividend yield, AFIX or SCCR?

AFIX has the higher dividend yield at 5.02%, compared with 4.63% for SCCR.

What is the main difference between AFIX and SCCR?

They also come from different issuers: Allspring and Charles Schwab. Their fees differ too: 0.20% for AFIX and 0.16% for SCCR.

Which has better risk-adjusted returns?

SCCR currently has the higher Sharpe Ratio (1.63 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.