EBND vs. SCHX

Last updated Jun 4, 2026

EBND (SPDR Bloomberg Barclays Emerging Markets Local Bond ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - EBND is a Emerging Markets Bonds fund tracking the Bloomberg Emerging Market Local Currency Government Diversified, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, EBND returned 1.72%/yr vs 15.41%/yr for SCHX. At a 0.44 correlation, their price movements are largely independent. EBND charges 0.30%/yr vs 0.03%/yr for SCHX.

Performance

EBND vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBND achieves a -0.23% return, which is significantly lower than SCHX's 10.72% return. Over the past 10 years, EBND has underperformed SCHX with an annualized return of 1.72%, while SCHX has yielded a comparatively higher 15.41% annualized return.

EBND

• 1D: -0.57%
• 1M: 0.59%
• YTD: -0.23%
• 6M: 0.63%
• 1Y: 5.78%
• 3Y*: 5.59%
• 5Y*: 0.03%
• 10Y*: 1.72%

SCHX

• 1D: -0.70%
• 1M: 5.06%
• YTD: 10.72%
• 6M: 10.60%
• 1Y: 27.36%
• 3Y*: 22.38%
• 5Y*: 13.29%
• 10Y*: 15.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBND vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	-0.23%	15.83%	-2.70%	9.02%	-11.84%	-9.66%	4.49%	10.40%	-6.52%	13.93%
SCHX Schwab U.S. Large-Cap ETF	10.72%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	21.95%

Correlation

The correlation between EBND and SCHX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Feb 25, 2011	0.44

The correlation between EBND and SCHX shifts across timeframes, from 0.44 (10 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EBND vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBND

EBND Risk / Return Rank: 23
EBND Sharpe Ratio Rank: 24
EBND Sortino Ratio Rank: 22
EBND Omega Ratio Rank: 23
EBND Calmar Ratio Rank: 20
EBND Martin Ratio Rank: 23

SCHX

SCHX Risk / Return Rank: 67
SCHX Sharpe Ratio Rank: 68
SCHX Sortino Ratio Rank: 66
SCHX Omega Ratio Rank: 67
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 72

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.

EBND vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Schwab U.S. Large-Cap ETF (SCHX). 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.

	EBND	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.29	-1.45
Sortino ratio: Return per unit of downside risk	1.21	3.14	-1.93
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.25
Calmar ratio: Return relative to maximum drawdown	0.88	3.05	-2.17
Martin ratio: Return relative to average drawdown	2.93	13.85	-10.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBND vs. SCHX - Sharpe Ratio Comparison

The current EBND Sharpe Ratio is 0.84, which is lower than the SCHX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EBND and SCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBND	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.29	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.78	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.85	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.85	-0.75

Drawdowns

EBND vs. SCHX - Drawdown Comparison

The maximum EBND drawdown since its inception was -29.51%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for EBND and SCHX.

Drawdown Indicators

	EBND	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-29.51%	-34.33%	+4.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-9.02%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	-19.04%	+9.79%
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	-25.41%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	-29.50%	-34.33%	+4.83%
Current Drawdown Current decline from peak	-3.24%	-0.70%	-2.54%
Average Drawdown Average peak-to-trough decline	-10.87%	-3.97%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.98%	0.00%

Volatility

EBND vs. SCHX - Volatility Comparison

The current volatility for SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) is 2.35%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 2.91%. This indicates that EBND experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBND	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.91%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	5.94%	9.02%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	6.92%	11.99%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.98%	17.12%	-8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.19%	18.15%	-8.96%

EBND vs. SCHX - Expense Ratio Comparison

EBND has a 0.30% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

EBND vs. SCHX - Dividend Comparison

EBND's dividend yield for the trailing twelve months is around 5.83%, more than SCHX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	5.83%	5.54%	5.89%	5.26%	4.75%	3.83%	3.67%	4.68%	4.70%	2.00%	0.00%	0.00%
SCHX Schwab U.S. Large-Cap ETF	1.01%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Frequently Asked Questions

Can I hold both EBND and SCHX in my portfolio?

EBND and SCHX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBND or SCHX?

SCHX has higher volatility (2.91%) compared to EBND (2.35%). In terms of maximum drawdown, EBND dropped -29.51% vs SCHX's -34.33%.

Which ETF is better, EBND or SCHX?

On 10-year performance, SCHX leads with 15.41% vs 1.72% for EBND. On fees, SCHX is cheaper at 0.03% per year. On volatility, EBND has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBND or SCHX?

Over the 10-year period, SCHX has performed better with a 15.41% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBND or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.30% for EBND.

Which ETF pays a higher dividend yield, EBND or SCHX?

EBND has the higher dividend yield at 5.83%, compared with 1.01% for SCHX.

What is the main difference between EBND and SCHX?

EBND is categorized as Emerging Markets Bonds, while SCHX is Large Cap Blend Equities. EBND tracks Bloomberg Emerging Market Local Currency Government Diversified, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.30% for EBND and 0.03% for SCHX.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (2.29 vs 0.84), 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.