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BND.TO vs. SCHI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND.TO vs. SCHI

Last updated Jun 24, 2026

BND.TO (Purpose Global Bond Fund) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both exchange-traded funds - BND.TO is a Global Bonds fund, while SCHI is a Corporate Bonds fund tracking the Bloomberg US 5-10 Year Corporate Bond Index. BND.TO is actively managed, while SCHI is passively managed. Over the past 5 years, BND.TO returned 3.28%/yr vs 4.07%/yr for SCHI. At a 0.16 correlation, their price movements are largely independent.

Performance

BND.TO vs. SCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Global Bond Fund (BND.TO) and Schwab 5-10 Year Corporate Bond ETF (SCHI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BND.TO is traded in CAD, while SCHI is traded in USD. To make them comparable, the SCHI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BND.TO achieves a 1.55% return, which is significantly lower than SCHI's 3.77% return.

BND.TO

1D
0.22%
1M
1.11%
YTD
1.55%
6M
1.75%
1Y
5.96%
3Y*
7.48%
5Y*
3.28%
10Y*
3.04%

SCHI

1D
0.02%
1M
3.47%
YTD
3.77%
6M
3.50%
1Y
8.50%
3Y*
8.81%
5Y*
4.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND.TO vs. SCHI - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
BND.TO
Purpose Global Bond Fund		1.55%7.26%7.49%8.45%-7.80%2.62%6.14%0.76%
SCHI
Schwab 5-10 Year Corporate Bond ETF		3.77%4.47%12.07%6.37%-8.61%-1.90%7.14%-1.24%

Correlation

The correlation between BND.TO and SCHI is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.22

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

0.19

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2019

0.16

The correlation between BND.TO and SCHI shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Purpose Global Bond Fund

Schwab 5-10 Year Corporate Bond ETF

Often compared with BND.TO:
BND.TO vs. SGOVBND.TO vs. SCHDBND.TO vs. SPYBND.TO vs. JEPIBND.TO vs. BNDBND.TO vs. FALNBND.TO vs. VTABX
Often compared with SCHI:
SCHI vs. SWVXXSCHI vs. SCYBSCHI vs. BNDSCHI vs. SCHQSCHI vs. SCHOSCHI vs. FADMXSCHI vs. SPIB

Return for Risk

BND.TO vs. SCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BND.TO
BND.TO Risk / Return Rank: 5656
Overall Rank
BND.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
BND.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
BND.TO Omega Ratio Rank: 6363
Omega Ratio Rank
BND.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
BND.TO Martin Ratio Rank: 5252
Martin Ratio Rank
SCHI
SCHI Risk / Return Rank: 3737
Overall Rank
SCHI Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
SCHI Sortino Ratio Rank: 3838
Sortino Ratio Rank
SCHI Omega Ratio Rank: 3535
Omega Ratio Rank
SCHI Calmar Ratio Rank: 3636
Calmar Ratio Rank
SCHI Martin Ratio Rank: 3838
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.

BND.TO vs. SCHI - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BND.TOSCHIDifference
Sharpe ratioReturn per unit of total volatility
1.91
1.39

+0.52

Sortino ratioReturn per unit of downside risk
2.79
2.06

+0.73

Omega ratioGain probability vs. loss probability

1.36

1.24

+0.12

Calmar ratioReturn relative to maximum drawdown

2.09

1.97

+0.11

Martin ratioReturn relative to average drawdown

8.59

4.33

+4.26

BND.TO vs. SCHI - Sharpe Ratio Comparison

The current BND.TO Sharpe Ratio is 1.91, which is higher than the SCHI Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of BND.TO and SCHI, 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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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 -18.81%. Use the drawdown chart below to compare losses from any high point for BND.TO and SCHI.

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Drawdown Indicators

BND.TOSCHIDifference

Max Drawdown

Largest peak-to-trough decline

-16.55%

-18.81%

+2.26%

Max Drawdown (1Y)

Largest decline over 1 year

-2.87%

-4.33%

+1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-4.46%

-6.00%

+1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-12.43%

-15.87%

+3.44%

Max Drawdown (10Y)

Largest decline over 10 years

-16.55%

—

—

Current Drawdown

Current decline from peak

-0.11%

0.00%

-0.11%

Average Drawdown

Average peak-to-trough decline

-2.10%

-6.23%

+4.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.70%

1.97%

-1.27%

Volatility

BND.TO vs. SCHI - Volatility Comparison

The current volatility for Purpose Global Bond Fund (BND.TO) is 1.22%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.68%. This indicates that BND.TO experiences smaller price fluctuations and is considered to be less risky than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BND.TOSCHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.22%

1.68%

-0.46%

Volatility (6M)

Calculated over the trailing 6-month period

2.72%

4.34%

-1.62%

Volatility (1Y)

Calculated over the trailing 1-year period

3.14%

6.15%

-3.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.10%

9.10%

-4.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.15%

9.58%

-4.43%

Dividends

BND.TO vs. SCHI - Dividend Comparison

BND.TO's dividend yield for the trailing twelve months is around 5.82%, more than SCHI's 5.04% yield.

PositionTTM20252024202320222021202020192018201720162015
BND.TO
Purpose Global Bond Fund		5.82%5.70%5.24%5.20%4.14%3.67%3.48%3.11%3.96%3.47%3.26%0.53%
SCHI
Schwab 5-10 Year Corporate Bond ETF		5.04%4.99%5.11%4.27%3.10%1.93%2.31%0.53%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BND.TO and SCHI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BND.TO is categorized as Global Bonds, while SCHI is Corporate Bonds.

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