BSV vs. SCHJ
BSV (Vanguard Short-Term Bond Index Fund ETF Shares) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both Short-Term Bond funds - BSV tracks the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index while SCHJ tracks the Bloomberg US 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, BSV returned 1.62%/yr vs 2.32%/yr for SCHJ. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 0.03% expense ratio.
Performance
BSV vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, BSV achieves a 0.52% return, which is significantly lower than SCHJ's 0.85% return.
BSV
- 1D
- 0.10%
- 1M
- -0.12%
- 6M
- 0.42%
- YTD
- 0.52%
- 1Y
- 2.46%
- 3Y*
- 4.47%
- 5Y*
- 1.62%
- 10Y*
- 1.92%
- ALL TIME*
- 2.52%
SCHJ
- 1D
- 0.10%
- 1M
- -0.18%
- 6M
- 0.56%
- YTD
- 0.85%
- 1Y
- 3.10%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- —
- ALL TIME*
- 2.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $128.14M | $170.40M | $199.65M | |
| $5.83M | $7.78M | $6.51M |
BSV vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.52% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 0.05% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.85% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
Correlation
The correlation between BSV and SCHJ is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.86 |
The correlation between BSV and SCHJ has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
BSV vs. SCHJ — Risk / Return Rank
BSV
SCHJ
BSV vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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.
| BSV | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.11 | -0.20 |
| Martin ratioReturn relative to average drawdown | 5.92 | 7.94 | -2.02 |
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Drawdowns
BSV vs. SCHJ - Drawdown Comparison
The maximum BSV drawdown since its inception was -8.54%, smaller than the maximum SCHJ drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for BSV and SCHJ.
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Drawdown Indicators
| BSV | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -13.62% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.47% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -1.47% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -8.39% | -9.35% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -8.54% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.22% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -1.84% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.39% | +0.03% |
Volatility
BSV vs. SCHJ - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) is 0.47%, while Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a volatility of 0.51%. This indicates that BSV experiences smaller price fluctuations and is considered to be less risky than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSV | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.51% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 1.53% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 1.86% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 2.96% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 4.10% | -1.72% |
BSV vs. SCHJ - Expense Ratio Comparison
Both BSV and SCHJ have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSV vs. SCHJ - Dividend Comparison
BSV's dividend yield for the trailing twelve months is around 4.04%, less than SCHJ's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.04% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.53% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BSV and SCHJ 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.
SCHJ has higher volatility (0.51%) compared to BSV (0.47%). In terms of maximum drawdown, BSV dropped -8.54% vs SCHJ's -13.62%.
On 5-year performance, SCHJ leads with 2.32% vs 1.62% for BSV. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHJ has performed better with a 2.32% return vs 1.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV and SCHJ have the same expense ratio: 0.03% per year.
SCHJ has the higher dividend yield at 4.53%, compared with 4.04% for BSV.
BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while SCHJ tracks Bloomberg US 1-5 Year Corporate Bond Index. They also come from different issuers: Vanguard and Charles Schwab.
SCHJ currently has the higher Sharpe Ratio (1.68 vs 1.44), 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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