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. It was launched on Jul 14, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCIO or SCHZ.
Key characteristics
| OCIO | SCHZ | |
|---|---|---|
| YTD Return | 14.36% | 4.11% |
| 1Y Return | 21.12% | 10.88% |
| 3Y Return (Ann) | 4.41% | -0.43% |
| 5Y Return (Ann) | 8.52% | 1.65% |
| Sharpe Ratio | 2.38 | 1.82 |
| Sortino Ratio | 3.31 | 2.74 |
| Omega Ratio | 1.44 | 1.33 |
| Calmar Ratio | 2.68 | 0.90 |
| Martin Ratio | 14.10 | 7.61 |
| Ulcer Index | 1.55% | 1.46% |
| Daily Std Dev | 9.20% | 6.11% |
| Max Drawdown | -24.21% | -16.93% |
| Current Drawdown | -0.07% | -2.83% |
Correlation
The correlation between OCIO and SCHZ is 0.12, 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.
Performance
OCIO vs. SCHZ - Performance Comparison
In the year-to-date period, OCIO achieves a 14.36% return, which is significantly higher than SCHZ's 4.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OCIO vs. SCHZ - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is higher than SCHZ's 0.04% expense ratio.
Risk-Adjusted Performance
OCIO vs. SCHZ - Risk-Adjusted Performance 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.
Dividends
OCIO vs. SCHZ - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 1.87%, less than SCHZ's 4.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 2.16% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.80% | 3.80% | 3.50% | 3.42% | 3.85% | 4.43% | 4.13% | 4.01% | 3.39% | 3.01% | 3.21% | 3.31% |
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 -16.93%. Use the drawdown chart below to compare losses from any high point for OCIO and SCHZ. For additional features, visit the drawdowns tool.
Volatility
OCIO vs. SCHZ - Volatility Comparison
ClearShares OCIO ETF (OCIO) has a higher volatility of 2.72% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.62%. 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.