IGIB vs. SCHI
IGIB (iShares Intermediate-Term Corporate Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - IGIB tracks the Bloomberg Barclays U.S. Intermediate Credit Index while SCHI tracks the Bloomberg US Aggregate Credit - Corporate (5-10 Y). Both are passively managed. Over the past 5 years, IGIB returned 1.40%/yr vs 1.29%/yr for SCHI. With a 0.98 correlation, they move nearly in lockstep. IGIB charges 0.06%/yr vs 0.05%/yr for SCHI.
Performance
IGIB vs. SCHI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGIB achieves a 0.34% return, which is significantly lower than SCHI's 0.37% return.
IGIB
- 1D
- 0.13%
- 1M
- 0.27%
- YTD
- 0.34%
- 6M
- 0.44%
- 1Y
- 5.84%
- 3Y*
- 6.30%
- 5Y*
- 1.40%
- 10Y*
- 3.06%
SCHI
- 1D
- 0.18%
- 1M
- 0.28%
- YTD
- 0.37%
- 6M
- 0.46%
- 1Y
- 5.80%
- 3Y*
- 6.17%
- 5Y*
- 1.29%
- 10Y*
- —
IGIB vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | 0.34% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 1.05% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.37% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 1.00% |
Correlation
The correlation between IGIB and SCHI is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.98 |
The correlation between IGIB and SCHI has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGIB vs. SCHI — Risk / Return Rank
IGIB
SCHI
IGIB vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) 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.
| IGIB | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.94 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.59 | 6.54 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGIB | SCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.41 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.20 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.30 | +0.40 |
Drawdowns
IGIB vs. SCHI - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, roughly equal to the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IGIB and SCHI.
Loading charts...
Drawdown Indicators
| IGIB | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -20.67% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -3.01% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -6.14% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -20.67% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.19% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -5.71% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.89% | 0.00% |
Volatility
IGIB vs. SCHI - Volatility Comparison
iShares Intermediate-Term Corporate Bond ETF (IGIB) and Schwab 5-10 Year Corporate Bond ETF (SCHI) have volatilities of 1.32% and 1.32%, 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.
Loading charts...
Volatility by Period
| IGIB | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.32% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 3.09% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 4.16% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 6.66% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 7.40% | -1.35% |
IGIB vs. SCHI - Expense Ratio Comparison
IGIB has a 0.06% expense ratio, which is higher than SCHI's 0.05% 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
IGIB vs. SCHI - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, less than SCHI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.81% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.04% | 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
With a correlation of 0.99, IGIB 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 (1.32%) compared to IGIB (1.32%). In terms of maximum drawdown, IGIB dropped -20.62% vs SCHI's -20.67%.
On 5-year performance, IGIB leads with 1.40% vs 1.29% for SCHI. On fees, SCHI is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGIB has performed better with a 1.40% return vs 1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.05% expense ratio, compared with 0.06% for IGIB.
SCHI has the higher dividend yield at 5.04%, compared with 4.81% for IGIB.
IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index, while SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y). They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.06% for IGIB and 0.05% for SCHI.
IGIB currently has the higher Sharpe Ratio (1.43 vs 1.41), 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.
Find the right allocation for IGIB and SCHI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer