MIG vs. SCHI
MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - MIG tracks the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI) while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, MIG returned 0.81%/yr vs 1.19%/yr for SCHI. With a 0.95 correlation, they move nearly in lockstep. MIG charges 0.20%/yr vs 0.03%/yr for SCHI.
Performance
MIG vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, MIG achieves a 0.60% return, which is significantly higher than SCHI's 0.37% return.
MIG
- 1D
- 0.12%
- 1M
- 0.77%
- YTD
- 0.60%
- 6M
- 0.76%
- 1Y
- 4.62%
- 3Y*
- 5.71%
- 5Y*
- 0.81%
- 10Y*
- —
SCHI
- 1D
- 0.13%
- 1M
- 0.68%
- YTD
- 0.37%
- 6M
- 0.50%
- 1Y
- 5.29%
- 3Y*
- 6.15%
- 5Y*
- 1.19%
- 10Y*
- —
MIG vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 0.60% | 7.34% | 3.38% | 8.88% | -14.51% | -0.02% | 1.44% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.37% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 0.81% |
Correlation
The correlation between MIG and SCHI is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | 0.95 |
The correlation between MIG and SCHI has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
MIG vs. SCHI — Risk / Return Rank
MIG
SCHI
MIG vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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.
| MIG | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.76 | -0.12 |
| Martin ratioReturn relative to average drawdown | 4.37 | 5.66 | -1.28 |
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Drawdowns
MIG vs. SCHI - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.98%, roughly equal to the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for MIG and SCHI.
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Drawdown Indicators
| MIG | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -20.67% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.01% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -6.14% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -20.67% | -0.31% |
Current DrawdownCurrent decline from peak | -1.03% | -1.19% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -5.68% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.94% | +0.12% |
Volatility
MIG vs. SCHI - Volatility Comparison
The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.16%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.25%. This indicates that MIG 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
| MIG | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.25% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 3.20% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 4.14% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 6.67% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.20% | 7.38% | -1.18% |
MIG vs. SCHI - Expense Ratio Comparison
MIG has a 0.20% 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
MIG vs. SCHI - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.77%, less than SCHI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.77% | 4.81% | 4.68% | 4.38% | 3.06% | 2.15% | 0.18% | 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
With a correlation of 0.91, MIG 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 MIG (1.16%). In terms of maximum drawdown, MIG dropped -20.98% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 1.19% vs 0.81% for MIG. 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.
Over the 5-year period, SCHI has performed better with a 1.19% return vs 0.81%. 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 0.20% for MIG.
SCHI has the higher dividend yield at 5.04%, compared with 4.77% for MIG.
MIG tracks MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index. They also come from different issuers: VanEck and Charles Schwab. Their fees differ too: 0.20% for MIG and 0.03% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.29 vs 1.09), 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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