IGSB vs. SCHJ
IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index, while SCHJ is a Short-Term Bond fund tracking the Bloomberg US 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, IGSB returned 2.42%/yr vs 2.32%/yr for SCHJ. Their correlation of 0.91 means they have usually moved in the same direction. IGSB charges 0.04%/yr vs 0.03%/yr for SCHJ.
Performance
IGSB vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, IGSB achieves a 0.98% return, which is significantly higher than SCHJ's 0.85% return.
IGSB
- 1D
- 0.07%
- 1M
- -0.10%
- 6M
- 0.65%
- YTD
- 0.98%
- 1Y
- 3.24%
- 3Y*
- 5.54%
- 5Y*
- 2.42%
- 10Y*
- 2.71%
- ALL TIME*
- 2.82%
SCHJ
- 1D
- 0.10%
- 1M
- -0.18%
- 6M
- 0.56%
- YTD
- 0.85%
- 1Y
- 3.10%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- —
- ALL TIME*
- 2.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $138.45M | $132.08M | $159.08M | |
| $5.83M | $7.78M | $6.51M |
IGSB vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.98% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 0.55% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.85% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
Correlation
The correlation between IGSB and SCHJ is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.91 |
The correlation between IGSB and SCHJ has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
IGSB vs. SCHJ — Risk / Return Rank
IGSB
SCHJ
IGSB vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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.
| IGSB | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.11 | +0.12 |
| Martin ratioReturn relative to average drawdown | 8.76 | 7.94 | +0.82 |
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Drawdowns
IGSB vs. SCHJ - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, roughly equal to the maximum SCHJ drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for IGSB and SCHJ.
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Drawdown Indicators
| IGSB | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -13.62% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -1.47% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.47% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -9.41% | -9.35% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.22% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -1.84% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.39% | -0.02% |
Volatility
IGSB vs. SCHJ - Volatility Comparison
iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ) have volatilities of 0.49% and 0.51%, 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
| IGSB | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.51% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 1.53% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 1.86% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 2.96% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 4.10% | -0.63% |
IGSB vs. SCHJ - Expense Ratio Comparison
IGSB has a 0.04% expense ratio, which is higher than SCHJ'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
IGSB vs. SCHJ - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.62%, more than SCHJ's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.62% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.53% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, IGSB and SCHJ 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.
SCHJ has higher volatility (0.51%) compared to IGSB (0.49%). In terms of maximum drawdown, IGSB dropped -13.38% vs SCHJ's -13.62%.
On 5-year performance, IGSB leads with 2.42% vs 2.32% for SCHJ. On fees, SCHJ 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 5-year period, IGSB has performed better with a 2.42% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.04% for IGSB.
IGSB has the higher dividend yield at 4.62%, compared with 4.53% for SCHJ.
IGSB is categorized as Corporate Bonds, while SCHJ is Short-Term Bond. IGSB tracks ICE BofA 1-5 Year US Corporate Index, while SCHJ tracks Bloomberg US 1-5 Year Corporate Bond Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.04% for IGSB and 0.03% for SCHJ.
IGSB currently has the higher Sharpe Ratio (1.73 vs 1.68), 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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