BBAG vs. SCHZ

Last updated Jun 3, 2026

BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and SCHZ (Schwab U.S. Aggregate Bond ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, BBAG returned 0.10%/yr vs 0.18%/yr for SCHZ. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.

Performance

BBAG vs. SCHZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Schwab U.S. Aggregate Bond ETF (SCHZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAG achieves a 0.41% return, which is significantly lower than SCHZ's 0.47% return.

BBAG

• 1D: 0.03%
• 1M: 0.09%
• YTD: 0.41%
• 6M: 0.50%
• 1Y: 5.25%
• 3Y*: 3.94%
• 5Y*: 0.10%
• 10Y*: —

SCHZ

• 1D: 0.00%
• 1M: 0.13%
• YTD: 0.47%
• 6M: 0.46%
• 1Y: 5.39%
• 3Y*: 4.00%
• 5Y*: 0.18%
• 10Y*: 1.54%

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

BBAG vs. SCHZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.41%	7.27%	1.26%	5.41%	-13.26%	-1.79%	7.31%	8.31%	1.00%
SCHZ Schwab U.S. Aggregate Bond ETF	0.47%	7.24%	1.26%	5.60%	-13.17%	-1.72%	7.46%	8.65%	0.78%

Correlation

The correlation between BBAG and SCHZ is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018	0.93

The correlation between BBAG and SCHZ has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

BBAG vs. SCHZ - Sectors Allocation Comparison

Sectors	BBAG	SCHZ
Communication Services	46.6%	2.1%
Technology	12.0%	3.0%
Real Estate	6.8%	0.8%
Financial Services	6.5%	8.3%
Healthcare	2.6%	2.3%
Utilities	2.3%	2.1%
Consumer Cyclical	1.6%	1.4%
Industrials	1.6%	1.7%
Energy	1.2%	1.3%
Consumer Defensive	1.0%	1.1%
Basic Materials	0.5%	0.4%

Return for Risk

BBAG vs. SCHZ — Risk / Return Rank

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

BBAG

BBAG Risk / Return Rank: 37
BBAG Sharpe Ratio Rank: 38
BBAG Sortino Ratio Rank: 39
BBAG Omega Ratio Rank: 36
BBAG Calmar Ratio Rank: 36
BBAG Martin Ratio Rank: 35

SCHZ

SCHZ Risk / Return Rank: 39
SCHZ Sharpe Ratio Rank: 40
SCHZ Sortino Ratio Rank: 42
SCHZ Omega Ratio Rank: 38
SCHZ Calmar Ratio Rank: 38
SCHZ Martin Ratio Rank: 37

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.

BBAG vs. SCHZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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.

	BBAG	SCHZ	Difference
Sharpe ratio Return per unit of total volatility	1.35	1.43	-0.08
Sortino ratio Return per unit of downside risk	2.02	2.14	-0.12
Omega ratio Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio Return relative to maximum drawdown	1.82	1.88	-0.06
Martin ratio Return relative to average drawdown	5.50	5.80	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAG vs. SCHZ - Sharpe Ratio Comparison

The current BBAG Sharpe Ratio is 1.35, which is comparable to the SCHZ Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of BBAG and SCHZ, 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

	BBAG	SCHZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.43	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.03	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.44	-0.12

Drawdowns

BBAG vs. SCHZ - Drawdown Comparison

The maximum BBAG drawdown since its inception was -18.73%, roughly equal to the maximum SCHZ drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for BBAG and SCHZ.

Drawdown Indicators

	BBAG	SCHZ	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-18.74%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.70%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-6.18%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-18.01%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.74%	—
Current Drawdown Current decline from peak	-2.62%	-2.30%	-0.32%
Average Drawdown Average peak-to-trough decline	-6.22%	-3.68%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.87%	+0.05%

Volatility

BBAG vs. SCHZ - Volatility Comparison

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and Schwab U.S. Aggregate Bond ETF (SCHZ) have volatilities of 1.27% and 1.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAG	SCHZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.27%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	2.69%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	3.80%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	6.08%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	5.41%	+0.39%

BBAG vs. SCHZ - Expense Ratio Comparison

Both BBAG and SCHZ have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BBAG vs. SCHZ - Dividend Comparison

BBAG's dividend yield for the trailing twelve months is around 4.36%, more than SCHZ's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.36%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%	0.00%	0.00%	0.00%
SCHZ Schwab U.S. Aggregate Bond ETF	4.11%	4.05%	3.96%	3.28%	2.63%	2.16%	2.43%	2.79%	2.56%	2.40%	2.24%	2.11%

Frequently Asked Questions

Can I hold both BBAG and SCHZ in my portfolio?

With a correlation of 0.95, BBAG and SCHZ 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, BBAG or SCHZ?

SCHZ has higher volatility (1.27%) compared to BBAG (1.27%). In terms of maximum drawdown, BBAG dropped -18.73% vs SCHZ's -18.74%.

Which ETF is better, BBAG or SCHZ?

On 5-year performance, SCHZ leads with 0.18% vs 0.10% for BBAG. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBAG or SCHZ?

Over the 5-year period, SCHZ has performed better with a 0.18% return vs 0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBAG or SCHZ?

BBAG and SCHZ have the same expense ratio: 0.03% per year.

Which ETF pays a higher dividend yield, BBAG or SCHZ?

BBAG has the higher dividend yield at 4.36%, compared with 4.11% for SCHZ.

What is the main difference between BBAG and SCHZ?

BBAG is categorized as Intermediate Core Bond, while SCHZ is Total Bond Market. Both ETFs track Bloomberg US Aggregate Bond Index. They also come from different issuers: JPMorgan and Charles Schwab.

Which has better risk-adjusted returns?

SCHZ currently has the higher Sharpe Ratio (1.43 vs 1.35), 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.