IBDY vs. SCHI
IBDY (iShares iBonds Dec 2033 Term Corporate ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - IBDY tracks the Bloomberg December 2033 Maturity Corporate Index while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 3 years, IBDY returned 5.73%/yr vs 6.10%/yr for SCHI. With a 0.96 correlation, they move nearly in lockstep. IBDY charges 0.10%/yr vs 0.03%/yr for SCHI.
Performance
IBDY vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, IBDY achieves a 0.12% return, which is significantly lower than SCHI's 0.24% return.
IBDY
- 1D
- -0.18%
- 1M
- 0.36%
- YTD
- 0.12%
- 6M
- 0.31%
- 1Y
- 5.22%
- 3Y*
- 5.73%
- 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*
- —
IBDY vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBDY iShares iBonds Dec 2033 Term Corporate ETF | 0.12% | 9.41% | 2.02% | 5.10% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.24% | 9.47% | 3.32% | 5.52% |
Correlation
The correlation between IBDY and SCHI is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.96 |
The correlation between IBDY 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
IBDY vs. SCHI — Risk / Return Rank
IBDY
SCHI
IBDY vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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.
| IBDY | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.81 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.62 | 5.83 | -0.21 |
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Drawdowns
IBDY vs. SCHI - Drawdown Comparison
The maximum IBDY drawdown since its inception was -7.53%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IBDY and SCHI.
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Drawdown Indicators
| IBDY | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.53% | -20.67% | +13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -3.01% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -6.14% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.67% | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.32% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -5.68% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.93% | 0.00% |
Volatility
IBDY vs. SCHI - Volatility Comparison
The current volatility for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is 1.13%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.25%. This indicates that IBDY experiences smaller price fluctuations and is considered to be less risky than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDY | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.25% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 3.21% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.14% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.67% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 7.38% | -1.04% |
IBDY vs. SCHI - Expense Ratio Comparison
IBDY 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
IBDY vs. SCHI - Dividend Comparison
IBDY's dividend yield for the trailing twelve months is around 4.89%, less than SCHI's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBDY iShares iBonds Dec 2033 Term Corporate ETF | 4.89% | 4.87% | 5.02% | 2.20% | 0.00% | 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 0.97, IBDY 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 IBDY (1.13%). In terms of maximum drawdown, IBDY dropped -7.53% vs SCHI's -20.67%.
On 3-year performance, SCHI leads with 6.10% vs 5.73% for IBDY. On fees, SCHI is cheaper at 0.03% per year. On volatility, IBDY has been the lower-risk option at 1.13%. 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 5.73%. 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 IBDY.
SCHI has the higher dividend yield at 5.05%, compared with 4.89% for IBDY.
IBDY tracks Bloomberg December 2033 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 IBDY and 0.03% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.32 vs 1.26), 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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