FBND vs. SCHI
FBND (Fidelity Total Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while SCHI is a Corporate Bonds fund tracking the Bloomberg US 5-10 Year Corporate Bond Index. FBND is actively managed, while SCHI is passively managed. Over the past 5 years, FBND returned 0.92%/yr vs 1.30%/yr for SCHI. Their correlation of 0.91 suggests significant overlap in exposure. FBND charges 0.36%/yr vs 0.03%/yr for SCHI.
Performance
FBND vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 1.21% return, which is significantly higher than SCHI's 0.82% return.
FBND
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 1.21%
- 6M
- 1.00%
- 1Y
- 4.85%
- 3Y*
- 4.81%
- 5Y*
- 0.92%
- 10Y*
- 2.56%
SCHI
- 1D
- 0.13%
- 1M
- 0.72%
- YTD
- 0.82%
- 6M
- 0.64%
- 1Y
- 5.33%
- 3Y*
- 6.23%
- 5Y*
- 1.30%
- 10Y*
- —
FBND vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 1.21% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 0.36% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.82% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
Correlation
The correlation between FBND and SCHI 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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.91 |
The correlation between FBND and SCHI has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
FBND vs. SCHI — Risk / Return Rank
FBND
SCHI
FBND vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) 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.
| FBND | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.78 | +0.05 |
| Martin ratioReturn relative to average drawdown | 5.21 | 5.69 | -0.48 |
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Drawdowns
FBND vs. SCHI - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for FBND and SCHI.
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Drawdown Indicators
| FBND | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -20.67% | +3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.01% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -6.14% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -20.67% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.75% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -5.67% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.94% | -0.01% |
Volatility
FBND vs. SCHI - Volatility Comparison
Fidelity Total Bond ETF (FBND) and Schwab 5-10 Year Corporate Bond ETF (SCHI) have volatilities of 1.17% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.23% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 3.21% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 4.12% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.67% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 7.38% | -1.28% |
FBND vs. SCHI - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than SCHI's 0.03% expense ratio.
Dividends
FBND vs. SCHI - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.67%, less than SCHI's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.67% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.02% | 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 0.94, FBND 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 (1.23%) compared to FBND (1.17%). In terms of maximum drawdown, FBND dropped -17.25% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 1.30% vs 0.92% for FBND. On fees, SCHI is cheaper at 0.03% per year. 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, SCHI has performed better with a 1.30% return vs 0.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.03% expense ratio, compared with 0.36% for FBND.
SCHI has the higher dividend yield at 5.02%, compared with 4.67% for FBND.
FBND is categorized as Intermediate Core-Plus Bond, while SCHI is Corporate Bonds. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.36% for FBND and 0.03% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.30 vs 1.27), 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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