RKT vs. SCYB
RKT (Rocket Companies, Inc.) is a stock, while SCYB (Schwab High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Over the past 3 years, RKT returned 11.20%/yr vs 8.17%/yr for SCYB. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
RKT vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, RKT achieves a -29.49% return, which is significantly lower than SCYB's 2.03% return.
RKT
- 1D
- -2.43%
- 1M
- -5.34%
- 6M
- -38.10%
- YTD
- -29.49%
- 1Y
- -9.24%
- 3Y*
- 11.20%
- 5Y*
- -2.50%
- 10Y*
- —
- ALL TIME*
- -1.71%
SCYB
- 1D
- -0.08%
- 1M
- 0.07%
- 6M
- 1.57%
- YTD
- 2.03%
- 1Y
- 5.51%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.57%
RKT vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RKT Rocket Companies, Inc. | -29.49% | 81.69% | -22.24% | 55.20% |
SCYB Schwab High Yield Bond ETF | 2.03% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between RKT and SCYB is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.53 |
The correlation between RKT and SCYB has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
RKT vs. SCYB — Risk / Return Rank
RKT
SCYB
RKT vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rocket Companies, Inc. (RKT) and Schwab High Yield Bond ETF (SCYB). 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.
| RKT | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.29 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.26 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.35 | 10.10 | -10.46 |
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Drawdowns
RKT vs. SCYB - Drawdown Comparison
The maximum RKT drawdown since its inception was -83.00%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for RKT and SCYB.
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Drawdown Indicators
| RKT | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.00% | -4.92% | -78.08% |
Max Drawdown (1Y)Largest decline over 1 year | -47.31% | -2.44% | -44.87% |
Max Drawdown (3Y)Largest decline over 3 years | -50.60% | -4.92% | -45.68% |
Max Drawdown (5Y)Largest decline over 5 years | -64.90% | — | — |
Current DrawdownCurrent decline from peak | -60.95% | -0.31% | -60.64% |
Average DrawdownAverage peak-to-trough decline | -60.11% | -0.50% | -59.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.16% | 0.55% | +25.61% |
Volatility
RKT vs. SCYB - Volatility Comparison
Rocket Companies, Inc. (RKT) has a higher volatility of 16.83% compared to Schwab High Yield Bond ETF (SCYB) at 0.59%. This indicates that RKT's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RKT | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.83% | 0.59% | +16.24% |
Volatility (6M)Calculated over the trailing 6-month period | 46.11% | 3.03% | +43.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.13% | 3.73% | +57.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.26% | 5.06% | +49.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.97% | 5.06% | +59.91% |
Dividends
RKT vs. SCYB - Dividend Comparison
RKT has not paid dividends to shareholders, while SCYB's dividend yield for the trailing twelve months is around 6.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
RKT Rocket Companies, Inc. | 0.00% | 4.13% | 0.00% | 0.00% | 14.43% | 7.93% |
SCYB Schwab High Yield Bond ETF | 6.93% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% |
Frequently Asked Questions
RKT and SCYB have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKT has higher volatility (16.83%) compared to SCYB (0.59%). In terms of maximum drawdown, RKT dropped -83.00% vs SCYB's -4.92%.
SCYB currently has the higher Sharpe Ratio (1.48 vs -0.15), 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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