OCIO vs. SCHZ
Compare and contrast key facts about ClearShares OCIO ETF (OCIO) and Schwab U.S. Aggregate Bond ETF (SCHZ).
OCIO and SCHZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCIO is an actively managed fund by ClearShares LLC. It was launched on Jun 27, 2017. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011.
Performance
OCIO vs. SCHZ - Performance Comparison
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OCIO vs. SCHZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | -1.52% | 12.68% | 12.76% | 12.03% | -12.49% | 13.20% | 11.54% | 18.56% | -10.35% | 9.00% |
SCHZ Schwab U.S. Aggregate Bond ETF | 0.05% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 0.66% |
Returns By Period
In the year-to-date period, OCIO achieves a -1.52% return, which is significantly lower than SCHZ's 0.05% return.
OCIO
- 1D
- 2.14%
- 1M
- -4.52%
- YTD
- -1.52%
- 6M
- 0.60%
- 1Y
- 13.31%
- 3Y*
- 10.77%
- 5Y*
- 6.01%
- 10Y*
- —
SCHZ
- 1D
- 0.26%
- 1M
- -1.75%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.41%
- 3Y*
- 3.57%
- 5Y*
- 0.20%
- 10Y*
- 1.61%
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OCIO vs. SCHZ - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
Return for Risk
OCIO vs. SCHZ — Risk / Return Rank
OCIO
SCHZ
OCIO vs. SCHZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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.
| OCIO | SCHZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.03 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.47 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.81 | -0.28 |
Martin ratioReturn relative to average drawdown | 7.09 | 5.21 | +1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCIO | SCHZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.03 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.03 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.44 | +0.17 |
Correlation
The correlation between OCIO and SCHZ is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OCIO vs. SCHZ - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 10.53%, more than SCHZ's 4.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 10.53% | 10.27% | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 0.01% | 1.68% | 0.00% | 0.00% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.07% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Drawdowns
OCIO vs. SCHZ - Drawdown Comparison
The maximum OCIO drawdown since its inception was -24.21%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for OCIO and SCHZ.
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Drawdown Indicators
| OCIO | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.21% | -18.74% | -5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -2.51% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -18.01% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -4.99% | -2.71% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -3.70% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.87% | +0.99% |
Volatility
OCIO vs. SCHZ - Volatility Comparison
ClearShares OCIO ETF (OCIO) has a higher volatility of 4.56% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.66%. This indicates that OCIO's price experiences larger fluctuations and is considered to be riskier than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCIO | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 1.66% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 2.49% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 4.29% | +8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 6.07% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.36% | 5.40% | +5.96% |