PBRNX vs. SCHD

Last updated Jun 3, 2026

PBRNX (PIMCO RealPath Blend Income Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - PBRNX is a Target Retirement Date fund managed by PIMCO, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, PBRNX returned 6.84%/yr vs 12.77%/yr for SCHD. A 0.67 correlation means they provide meaningful diversification when combined. PBRNX charges 0.03%/yr vs 0.06%/yr for SCHD.

Performance

PBRNX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RealPath Blend Income Fund (PBRNX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBRNX achieves a 6.15% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, PBRNX has underperformed SCHD with an annualized return of 6.84%, while SCHD has yielded a comparatively higher 12.77% annualized return.

PBRNX

• 1D: 0.15%
• 1M: 2.03%
• YTD: 6.15%
• 6M: 6.59%
• 1Y: 16.24%
• 3Y*: 10.50%
• 5Y*: 4.45%
• 10Y*: 6.84%

SCHD

• 1D: 0.00%
• 1M: 2.70%
• YTD: 19.01%
• 6M: 18.63%
• 1Y: 27.16%
• 3Y*: 15.09%
• 5Y*: 8.36%
• 10Y*: 12.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBRNX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBRNX PIMCO RealPath Blend Income Fund	6.15%	13.57%	5.63%	12.03%	-16.09%	9.00%	13.87%	16.48%	-4.14%	12.75%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between PBRNX and SCHD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.67

Over the past year, the correlation between PBRNX and SCHD has dropped to 0.38 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

PBRNX vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBRNX

PBRNX Risk / Return Rank: 71
PBRNX Sharpe Ratio Rank: 75
PBRNX Sortino Ratio Rank: 73
PBRNX Omega Ratio Rank: 75
PBRNX Calmar Ratio Rank: 61
PBRNX Martin Ratio Rank: 70

SCHD

SCHD Risk / Return Rank: 80
SCHD Sharpe Ratio Rank: 75
SCHD Sortino Ratio Rank: 84
SCHD Omega Ratio Rank: 73
SCHD Calmar Ratio Rank: 91
SCHD Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBRNX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend Income Fund (PBRNX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	PBRNX	SCHD	Difference
Sharpe ratio Return per unit of total volatility	2.51	2.49	+0.02
Sortino ratio Return per unit of downside risk	3.57	3.87	-0.29
Omega ratio Gain probability vs. loss probability	1.50	1.45	+0.05
Calmar ratio Return relative to maximum drawdown	3.01	5.91	-2.90
Martin ratio Return relative to average drawdown	13.51	14.53	-1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBRNX vs. SCHD - Sharpe Ratio Comparison

The current PBRNX Sharpe Ratio is 2.51, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of PBRNX and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PBRNX	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.49	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.58	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.77	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.86	-0.06

Drawdowns

PBRNX vs. SCHD - Drawdown Comparison

The maximum PBRNX drawdown since its inception was -21.90%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PBRNX and SCHD.

Drawdown Indicators

	PBRNX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-33.37%	+11.47%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-4.61%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-8.33%	-16.13%	+7.80%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-16.85%	-5.05%
Max Drawdown (10Y) Largest decline over 10 years	-21.90%	-33.37%	+11.47%
Current Drawdown Current decline from peak	0.00%	-1.40%	+1.40%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.32%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	1.88%	-0.62%

Volatility

PBRNX vs. SCHD - Volatility Comparison

The current volatility for PIMCO RealPath Blend Income Fund (PBRNX) is 2.38%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.66%. This indicates that PBRNX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBRNX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.66%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	5.38%	7.66%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	6.58%	10.96%	-4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.39%	14.38%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.93%	16.72%	-8.79%

PBRNX vs. SCHD - Expense Ratio Comparison

PBRNX has a 0.03% expense ratio, which is lower than SCHD's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PBRNX vs. SCHD - Dividend Comparison

PBRNX's dividend yield for the trailing twelve months is around 3.94%, more than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBRNX PIMCO RealPath Blend Income Fund	3.94%	4.19%	4.56%	4.16%	3.63%	5.95%	4.29%	4.42%	2.48%	2.16%	3.17%	2.57%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both PBRNX and SCHD in my portfolio?

PBRNX and SCHD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBRNX or SCHD?

SCHD has higher volatility (2.66%) compared to PBRNX (2.38%). In terms of maximum drawdown, PBRNX dropped -21.90% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

PBRNX currently has the higher Sharpe Ratio (2.51 vs 2.49), 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.