FCSH vs. SCHJ
FCSH (Federated Hermes Short Duration Corporate ETF) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both Short-Term Bond funds. FCSH is actively managed, while SCHJ is passively managed. Over the past 3 years, FCSH returned 5.00%/yr vs 5.41%/yr for SCHJ. Their correlation of 0.90 means they have usually moved in the same direction. FCSH charges 0.30%/yr vs 0.03%/yr for SCHJ.
Performance
FCSH vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, FCSH achieves a 0.65% return, which is significantly lower than SCHJ's 0.85% return.
FCSH
- 1D
- 0.17%
- 1M
- -0.14%
- 6M
- 0.41%
- YTD
- 0.65%
- 1Y
- 2.76%
- 3Y*
- 5.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.35%
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) |
|---|---|---|---|
| $23.61K | $21.88K | $31.43K | |
| $5.83M | $7.78M | $6.51M |
FCSH vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 0.65% | 6.42% | 4.66% | 5.45% | -5.87% | 0.08% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.85% | 6.80% | 4.89% | 6.36% | -5.73% | 0.05% |
Correlation
The correlation between FCSH and SCHJ is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.90 |
The correlation between FCSH and SCHJ shifts across timeframes, from 0.80 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCSH vs. SCHJ — Risk / Return Rank
FCSH
SCHJ
FCSH vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration Corporate ETF (FCSH) 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.
| FCSH | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.11 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.53 | 7.94 | -1.41 |
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Drawdowns
FCSH vs. SCHJ - Drawdown Comparison
The maximum FCSH drawdown since its inception was -8.47%, smaller than the maximum SCHJ drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for FCSH and SCHJ.
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Drawdown Indicators
| FCSH | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.47% | -13.62% | +5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -1.47% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -1.47% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.35% | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.22% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -1.84% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.39% | +0.03% |
Volatility
FCSH vs. SCHJ - Volatility Comparison
Federated Hermes Short Duration Corporate ETF (FCSH) and Schwab 1-5 Year Corporate Bond ETF (SCHJ) have volatilities of 0.52% and 0.51%, 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
| FCSH | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.51% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.53% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 1.86% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 2.96% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 4.10% | -1.23% |
FCSH vs. SCHJ - Expense Ratio Comparison
FCSH has a 0.30% expense ratio, which is higher than SCHJ's 0.03% expense ratio.
Dividends
FCSH vs. SCHJ - Dividend Comparison
FCSH's dividend yield for the trailing twelve months is around 4.23%, less than SCHJ's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 4.23% | 4.14% | 4.44% | 2.31% | 1.76% | 0.04% | 0.00% | 0.00% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.53% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% |
Frequently Asked Questions
FCSH and SCHJ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCSH has higher volatility (0.52%) compared to SCHJ (0.51%). In terms of maximum drawdown, FCSH dropped -8.47% vs SCHJ's -13.62%.
On 3-year performance, SCHJ leads with 5.41% vs 5.00% for FCSH. On fees, SCHJ 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 3-year period, SCHJ has performed better with a 5.41% return vs 5.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.30% for FCSH.
SCHJ has the higher dividend yield at 4.53%, compared with 4.23% for FCSH.
They also come from different issuers: Federated and Charles Schwab. Their fees differ too: 0.30% for FCSH and 0.03% for SCHJ.
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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