BND.TO vs. SCHI
Compare and contrast key facts about Purpose Global Bond Fund (BND.TO) and Schwab 5-10 Year Corporate Bond ETF (SCHI).
BND.TO and SCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BND.TO or SCHI.
Key characteristics
| BND.TO | SCHI | |
|---|---|---|
| YTD Return | 0.67% | -0.88% |
| 1Y Return | 6.19% | 2.93% |
| 3Y Return (Ann) | 0.64% | -2.14% |
| Sharpe Ratio | 1.17 | 0.41 |
| Daily Std Dev | 4.94% | 7.05% |
| Max Drawdown | -16.55% | -20.67% |
| Current Drawdown | -0.62% | -9.03% |
Correlation
The correlation between BND.TO and SCHI is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BND.TO vs. SCHI - Performance Comparison
In the year-to-date period, BND.TO achieves a 0.67% return, which is significantly higher than SCHI's -0.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BND.TO vs. SCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) and Schwab 5-10 Year Corporate Bond ETF (SCHI). 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.
Dividends
BND.TO vs. SCHI - Dividend Comparison
BND.TO's dividend yield for the trailing twelve months is around 5.36%, more than SCHI's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.36% | 5.20% | 4.14% | 3.89% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.05% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BND.TO vs. SCHI - Drawdown Comparison
The maximum BND.TO drawdown since its inception was -16.55%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for BND.TO and SCHI. For additional features, visit the drawdowns tool.
Volatility
BND.TO vs. SCHI - Volatility Comparison
Purpose Global Bond Fund (BND.TO) and Schwab 5-10 Year Corporate Bond ETF (SCHI) have volatilities of 2.15% and 2.07%, 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.