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BBDC vs. SCHB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBDC vs. SCHB

Last updated Jun 5, 2026

BBDC (Barings BDC, Inc.) is a stock, while SCHB (Schwab U.S. Broad Market ETF) is Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. Over the past 5 years, BBDC returned 6.73%/yr vs 12.86%/yr for SCHB. At a 0.42 correlation, their price movements are largely independent.

Performance

BBDC vs. SCHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barings BDC, Inc. (BBDC) and Schwab U.S. Broad Market ETF (SCHB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BBDC achieves a -2.52% return, which is significantly lower than SCHB's 11.78% return.

BBDC

1D
2.56%
1M
-5.88%
YTD
-2.52%
6M
1.93%
1Y
7.41%
3Y*
15.80%
5Y*
6.73%
10Y*
—

SCHB

1D
0.45%
1M
4.65%
YTD
11.78%
6M
11.45%
1Y
28.80%
3Y*
22.39%
5Y*
12.86%
10Y*
15.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBDC vs. SCHB - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BBDC
Barings BDC, Inc.		-2.52%8.84%23.86%18.53%-18.59%29.31%-3.48%20.40%-13.52%
SCHB
Schwab U.S. Broad Market ETF		11.78%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-12.01%

Correlation

The correlation between BBDC and SCHB is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2018

0.42

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Barings BDC, Inc.

Schwab U.S. Broad Market ETF

Often compared with BBDC:
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Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY

Return for Risk

BBDC vs. SCHB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBDC
BBDC Risk / Return Rank: 5252
Overall Rank
BBDC Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
BBDC Sortino Ratio Rank: 4747
Sortino Ratio Rank
BBDC Omega Ratio Rank: 4646
Omega Ratio Rank
BBDC Calmar Ratio Rank: 5555
Calmar Ratio Rank
BBDC Martin Ratio Rank: 5656
Martin Ratio Rank
SCHB
SCHB Risk / Return Rank: 7373
Overall Rank
SCHB Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 7373
Sortino Ratio Rank
SCHB Omega Ratio Rank: 7373
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6666
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7878
Martin Ratio Rank
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.

BBDC vs. SCHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barings BDC, Inc. (BBDC) and Schwab U.S. Broad Market ETF (SCHB). 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.

BBDCSCHBDifference
Sharpe ratioReturn per unit of total volatility
0.40
2.39

-1.99

Sortino ratioReturn per unit of downside risk
0.69
3.25

-2.56

Omega ratioGain probability vs. loss probability

1.08

1.43

-0.35

Calmar ratioReturn relative to maximum drawdown

0.61

3.25

-2.64

Martin ratioReturn relative to average drawdown

1.35

14.90

-13.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBDC vs. SCHB - Sharpe Ratio Comparison

The current BBDC Sharpe Ratio is 0.40, which is lower than the SCHB Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BBDC and SCHB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BBDCSCHBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.40

2.39

-1.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.75

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.82

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.83

-0.56

Drawdowns

BBDC vs. SCHB - Drawdown Comparison

The maximum BBDC drawdown since its inception was -48.45%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for BBDC and SCHB.

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Drawdown Indicators

BBDCSCHBDifference

Max Drawdown

Largest peak-to-trough decline

-48.45%

-35.27%

-13.18%

Max Drawdown (1Y)

Largest decline over 1 year

-12.28%

-8.91%

-3.37%

Max Drawdown (3Y)

Largest decline over 3 years

-24.51%

-19.34%

-5.17%

Max Drawdown (5Y)

Largest decline over 5 years

-27.55%

-25.41%

-2.14%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.27%

—

Current Drawdown

Current decline from peak

-6.09%

-0.27%

-5.82%

Average Drawdown

Average peak-to-trough decline

-7.99%

-4.11%

-3.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.50%

1.94%

+3.56%

Volatility

BBDC vs. SCHB - Volatility Comparison

Barings BDC, Inc. (BBDC) has a higher volatility of 7.43% compared to Schwab U.S. Broad Market ETF (SCHB) at 2.97%. This indicates that BBDC's price experiences larger fluctuations and is considered to be riskier than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BBDCSCHBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.43%

2.97%

+4.46%

Volatility (6M)

Calculated over the trailing 6-month period

15.02%

9.14%

+5.88%

Volatility (1Y)

Calculated over the trailing 1-year period

18.67%

12.11%

+6.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.38%

17.24%

+2.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.19%

18.31%

+5.88%

Dividends

BBDC vs. SCHB - Dividend Comparison

BBDC's dividend yield for the trailing twelve months is around 12.95%, more than SCHB's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
BBDC
Barings BDC, Inc.		12.95%12.96%10.87%11.89%11.66%7.44%7.07%5.25%21.24%0.00%0.00%0.00%
SCHB
Schwab U.S. Broad Market ETF		1.01%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%

Frequently Asked Questions

BBDC and SCHB have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BBDC has higher volatility (7.43%) compared to SCHB (2.97%). In terms of maximum drawdown, BBDC dropped -48.45% vs SCHB's -35.27%.

SCHB currently has the higher Sharpe Ratio (2.39 vs 0.40), 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.

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