BND vs. SCHI
BND (Vanguard Total Bond Market ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y). Both are passively managed. Over the past 5 years, BND returned -0.05%/yr vs 1.08%/yr for SCHI. Their correlation of 0.92 suggests significant overlap in exposure. BND charges 0.03%/yr vs 0.05%/yr for SCHI.
Performance
BND vs. SCHI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BND achieves a -0.07% return, which is significantly higher than SCHI's -0.25% return.
BND
- 1D
- -0.03%
- 1M
- -0.67%
- YTD
- -0.07%
- 6M
- 0.23%
- 1Y
- 4.87%
- 3Y*
- 3.89%
- 5Y*
- -0.05%
- 10Y*
- 1.53%
SCHI
- 1D
- -0.04%
- 1M
- -0.74%
- YTD
- -0.25%
- 6M
- 0.06%
- 1Y
- 6.09%
- 3Y*
- 6.07%
- 5Y*
- 1.08%
- 10Y*
- —
BND vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | -0.07% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | -0.29% |
SCHI Schwab 5-10 Year Corporate Bond ETF | -0.25% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
Correlation
The correlation between BND and SCHI 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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.92 |
The correlation between BND and SCHI has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BND vs. SCHI — Risk / Return Rank
BND
SCHI
BND vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) 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.
| BND | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.03 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.43 | 6.77 | -1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BND | SCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.49 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.16 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.29 | +0.30 |
Drawdowns
BND vs. SCHI - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for BND and SCHI.
Loading charts...
Drawdown Indicators
| BND | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -20.67% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.01% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -6.14% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -20.67% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | — | — |
Current DrawdownCurrent decline from peak | -2.70% | -1.80% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -5.70% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.90% | 0.00% |
Volatility
BND vs. SCHI - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.20%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.33%. This indicates that BND 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.
Loading charts...
Volatility by Period
| BND | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.33% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.14% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 4.12% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 6.66% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 7.40% | -1.87% |
BND vs. SCHI - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than SCHI's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BND vs. SCHI - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.98%, less than SCHI's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.07% | 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
With a correlation of 0.95, BND and SCHI 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.
SCHI has higher volatility (1.33%) compared to BND (1.20%). In terms of maximum drawdown, BND dropped -18.58% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 1.08% vs -0.05% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHI has performed better with a 1.08% return vs -0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHI.
SCHI has the higher dividend yield at 5.07%, compared with 3.98% for BND.
BND is categorized as Total Bond Market, while SCHI is Corporate Bonds. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y). They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.03% for BND and 0.05% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.49 vs 1.32), 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.
Find the right allocation for BND and SCHI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer