BND vs. SCHR
BND (Vanguard Total Bond Market ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, BND returned 1.53%/yr vs 1.15%/yr for SCHR. Their correlation of 0.91 suggests significant overlap in exposure. BND charges 0.03%/yr vs 0.05%/yr for SCHR.
Performance
BND vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a -0.07% return, which is significantly higher than SCHR's -0.76% return. Over the past 10 years, BND has outperformed SCHR with an annualized return of 1.53%, while SCHR has yielded a comparatively lower 1.15% annualized 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%
SCHR
- 1D
- -0.04%
- 1M
- -0.88%
- YTD
- -0.76%
- 6M
- -0.40%
- 1Y
- 3.59%
- 3Y*
- 3.39%
- 5Y*
- -0.07%
- 10Y*
- 1.15%
BND vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | -0.07% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.76% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
Correlation
The correlation between BND and SCHR is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2010 | 0.91 |
The correlation between BND and SCHR has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
BND vs. SCHR — Risk / Return Rank
BND
SCHR
BND vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.29 | +0.54 |
| Martin ratioReturn relative to average drawdown | 5.43 | 3.75 | +1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BND | SCHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.07 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.01 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.26 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.44 | +0.14 |
Drawdowns
BND vs. SCHR - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for BND and SCHR.
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Drawdown Indicators
| BND | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -16.11% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.79% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -4.35% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -15.07% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -16.11% | -2.47% |
Current DrawdownCurrent decline from peak | -2.70% | -2.69% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -3.64% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.96% | -0.06% |
Volatility
BND vs. SCHR - Volatility Comparison
Vanguard Total Bond Market ETF (BND) has a higher volatility of 1.20% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.04%. This indicates that BND's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.04% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.36% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 3.36% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 5.38% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 4.47% | +1.06% |
BND vs. SCHR - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than SCHR'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. SCHR - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.98%, more than SCHR's 3.93% 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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.93% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
With a correlation of 0.94, BND and SCHR 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.
BND has higher volatility (1.20%) compared to SCHR (1.04%). In terms of maximum drawdown, BND dropped -18.58% vs SCHR's -16.11%.
On 10-year performance, BND leads with 1.53% vs 1.15% for SCHR. On fees, BND is cheaper at 0.03% per year. On volatility, SCHR has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BND has performed better with a 1.53% return vs 1.15%. 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 SCHR.
BND has the higher dividend yield at 3.98%, compared with 3.93% for SCHR.
BND is categorized as Total Bond Market, while SCHR is Government Bonds. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.03% for BND and 0.05% for SCHR.
BND currently has the higher Sharpe Ratio (1.32 vs 1.07), 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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