IBDZ vs. SCHI

Last updated Jun 24, 2026

IBDZ (iShares iBonds Dec 2034 Term Corporate ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - IBDZ tracks the iBonds Dec 2034 Term Corporate Index while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past year, IBDZ returned 5.23% vs 5.29% for SCHI. Their correlation of 0.92 suggests significant overlap in exposure. IBDZ charges 0.10%/yr vs 0.03%/yr for SCHI.

Performance

IBDZ vs. SCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) and Schwab 5-10 Year Corporate Bond ETF (SCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBDZ achieves a 0.39% return, which is significantly higher than SCHI's 0.37% return.

IBDZ

• 1D: 0.10%
• 1M: 0.58%
• YTD: 0.39%
• 6M: 0.55%
• 1Y: 5.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHI

• 1D: 0.13%
• 1M: 0.68%
• YTD: 0.37%
• 6M: 0.50%
• 1Y: 5.29%
• 3Y*: 6.15%
• 5Y*: 1.19%
• 10Y*: —

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

IBDZ vs. SCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBDZ iShares iBonds Dec 2034 Term Corporate ETF	0.39%	8.84%	4.23%
SCHI Schwab 5-10 Year Corporate Bond ETF	0.37%	9.47%	4.15%

Correlation

The correlation between IBDZ and SCHI is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since May 24, 2024	0.92

The correlation between IBDZ and SCHI has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

IBDZ vs. SCHI — Risk / Return Rank

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

IBDZ

IBDZ Risk / Return Rank: 35
IBDZ Sharpe Ratio Rank: 34
IBDZ Sortino Ratio Rank: 34
IBDZ Omega Ratio Rank: 30
IBDZ Calmar Ratio Rank: 37
IBDZ Martin Ratio Rank: 37

SCHI

SCHI Risk / Return Rank: 37
SCHI Sharpe Ratio Rank: 38
SCHI Sortino Ratio Rank: 38
SCHI Omega Ratio Rank: 35
SCHI Calmar Ratio Rank: 36
SCHI Martin Ratio Rank: 38

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.

IBDZ vs. SCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) 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.

	IBDZ	SCHI	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.29	-0.16
Sortino ratio: Return per unit of downside risk	1.67	1.91	-0.24
Omega ratio: Gain probability vs. loss probability	1.19	1.23	-0.03
Calmar ratio: Return relative to maximum drawdown	1.72	1.76	-0.04
Martin ratio: Return relative to average drawdown	5.35	5.66	-0.31

IBDZ vs. SCHI - Sharpe Ratio Comparison

The current IBDZ Sharpe Ratio is 1.12, which is comparable to the SCHI Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of IBDZ and SCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBDZ vs. SCHI - Drawdown Comparison

The maximum IBDZ drawdown since its inception was -5.57%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IBDZ and SCHI.

Drawdown Indicators

	IBDZ	SCHI	Difference
Max Drawdown Largest peak-to-trough decline	-5.57%	-20.67%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-3.01%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.67%	—
Current Drawdown Current decline from peak	-1.20%	-1.19%	-0.01%
Average Drawdown Average peak-to-trough decline	-1.28%	-5.68%	+4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.94%	+0.04%

Volatility

IBDZ vs. SCHI - Volatility Comparison

iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) and Schwab 5-10 Year Corporate Bond ETF (SCHI) have volatilities of 1.22% 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.

Volatility by Period

	IBDZ	SCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	1.25%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	3.20%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	4.14%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.23%	6.67%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	7.38%	-1.15%

IBDZ vs. SCHI - Expense Ratio Comparison

IBDZ 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

IBDZ vs. SCHI - Dividend Comparison

IBDZ's dividend yield for the trailing twelve months is around 4.86%, less than SCHI's 5.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBDZ iShares iBonds Dec 2034 Term Corporate ETF	4.86%	4.85%	2.50%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.04%	4.99%	5.11%	4.27%	3.10%	1.93%	2.31%	0.53%

Frequently Asked Questions

Can I hold both IBDZ and SCHI in my portfolio?

With a correlation of 0.95, IBDZ 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.

Which is riskier, IBDZ or SCHI?

SCHI has higher volatility (1.25%) compared to IBDZ (1.22%). In terms of maximum drawdown, IBDZ dropped -5.57% vs SCHI's -20.67%.

Which ETF is better, IBDZ or SCHI?

On 1-year performance, SCHI leads with 5.29% vs 5.23% for IBDZ. 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.

Which ETF has performed better, IBDZ or SCHI?

Over the 1-year period, SCHI has performed better with a 5.29% return vs 5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBDZ or SCHI?

SCHI is cheaper with a 0.03% expense ratio, compared with 0.10% for IBDZ.

Which ETF pays a higher dividend yield, IBDZ or SCHI?

SCHI has the higher dividend yield at 5.04%, compared with 4.86% for IBDZ.

What is the main difference between IBDZ and SCHI?

IBDZ tracks iBonds Dec 2034 Term 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 IBDZ and 0.03% for SCHI.

Which has better risk-adjusted returns?

SCHI currently has the higher Sharpe Ratio (1.29 vs 1.12), 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.