IBND vs. SCHI
IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - IBND tracks the Bloomberg Global Aggregate x USD >$1B: Corporate Bond while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, IBND returned -1.37%/yr vs 0.94%/yr for SCHI. A 0.54 correlation means they provide meaningful diversification when combined. IBND charges 0.50%/yr vs 0.03%/yr for SCHI.
Performance
IBND vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, IBND achieves a -2.40% return, which is significantly lower than SCHI's 0.08% return.
IBND
- 1D
- -0.61%
- 1M
- -1.77%
- 6M
- -1.75%
- YTD
- -2.40%
- 1Y
- -0.83%
- 3Y*
- 4.55%
- 5Y*
- -1.37%
- 10Y*
- 0.56%
SCHI
- 1D
- -0.13%
- 1M
- -0.47%
- 6M
- -0.14%
- YTD
- 0.08%
- 1Y
- 4.78%
- 3Y*
- 5.88%
- 5Y*
- 0.94%
- 10Y*
- —
IBND vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.40% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 2.46% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.08% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
Correlation
The correlation between IBND and SCHI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.54 |
The correlation between IBND and SCHI has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
IBND vs. SCHI — Risk / Return Rank
IBND
SCHI
IBND vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) 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.
| IBND | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.59 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.29 | 4.91 | -5.20 |
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Drawdowns
IBND vs. SCHI - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.62%, which is greater than SCHI's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IBND and SCHI.
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Drawdown Indicators
| IBND | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -20.67% | -14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -3.01% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | -6.14% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -20.67% | -12.82% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | — | — |
Current DrawdownCurrent decline from peak | -10.66% | -1.48% | -9.18% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -5.63% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 0.98% | +1.91% |
Volatility
IBND vs. SCHI - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.17% compared to Schwab 5-10 Year Corporate Bond ETF (SCHI) at 1.19%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier 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
| IBND | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 1.19% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.43% | 3.31% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 4.13% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 6.67% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 7.36% | +1.56% |
IBND vs. SCHI - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than SCHI's 0.03% expense ratio.
Dividends
IBND vs. SCHI - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.80%, less than SCHI's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.80% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.08% | 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
IBND and SCHI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (2.17%) compared to SCHI (1.19%). In terms of maximum drawdown, IBND dropped -35.62% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 0.94% vs -1.37% for IBND. On fees, SCHI is cheaper at 0.03% per year. On volatility, SCHI has been the lower-risk option at 1.19%. 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 0.94% return vs -1.37%. 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 0.50% for IBND.
SCHI has the higher dividend yield at 5.08%, compared with 2.80% for IBND.
IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.50% for IBND and 0.03% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.16 vs -0.10), 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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