IBDX vs. SCHI
IBDX (iShares iBonds Dec 2032 Term Corporate ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - IBDX tracks the Bloomberg December 2032 Maturity Corporate Index while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 3 years, IBDX returned 5.70%/yr vs 6.10%/yr for SCHI. With a 0.97 correlation, they move nearly in lockstep. IBDX charges 0.10%/yr vs 0.03%/yr for SCHI.
Performance
IBDX vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, IBDX achieves a 0.12% return, which is significantly lower than SCHI's 0.24% return.
IBDX
- 1D
- -0.14%
- 1M
- 0.32%
- YTD
- 0.12%
- 6M
- 0.36%
- 1Y
- 5.05%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
SCHI
- 1D
- -0.18%
- 1M
- 0.54%
- YTD
- 0.24%
- 6M
- 0.41%
- 1Y
- 5.43%
- 3Y*
- 6.10%
- 5Y*
- 1.17%
- 10Y*
- —
IBDX vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 0.12% | 9.05% | 2.39% | 9.42% | -1.92% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.24% | 9.47% | 3.32% | 8.97% | -0.90% |
Correlation
The correlation between IBDX and SCHI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.97 |
The correlation between IBDX and SCHI has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
IBDX vs. SCHI — Risk / Return Rank
IBDX
SCHI
IBDX vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.81 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.60 | 5.83 | -0.23 |
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Drawdowns
IBDX vs. SCHI - Drawdown Comparison
The maximum IBDX drawdown since its inception was -12.51%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IBDX and SCHI.
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Drawdown Indicators
| IBDX | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -20.67% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.01% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -6.14% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.67% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.32% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -5.68% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.93% | -0.03% |
Volatility
IBDX vs. SCHI - Volatility Comparison
iShares iBonds Dec 2032 Term Corporate ETF (IBDX) and Schwab 5-10 Year Corporate Bond ETF (SCHI) have volatilities of 1.24% and 1.25%, 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
| IBDX | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.25% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.21% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.14% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 6.67% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 7.38% | +0.05% |
IBDX vs. SCHI - Expense Ratio Comparison
IBDX has a 0.10% expense ratio, which is higher than SCHI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBDX vs. SCHI - Dividend Comparison
IBDX's dividend yield for the trailing twelve months is around 4.83%, less than SCHI's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 4.83% | 4.81% | 5.02% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.05% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% |
Frequently Asked Questions
With a correlation of 0.96, IBDX 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 (1.25%) compared to IBDX (1.24%). In terms of maximum drawdown, IBDX dropped -12.51% vs SCHI's -20.67%.
On 3-year performance, SCHI leads with 6.10% vs 5.70% for IBDX. 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 3-year period, SCHI has performed better with a 6.10% return vs 5.70%. 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 0.10% for IBDX.
SCHI has the higher dividend yield at 5.05%, compared with 4.83% for IBDX.
IBDX tracks Bloomberg December 2032 Maturity Corporate Index, while SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.10% for IBDX and 0.03% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.32 vs 1.32), 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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