SCCR vs. HYG

Last updated Jun 5, 2026

SCCR (Schwab Core Bond ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - SCCR is a Intermediate Core Bond fund actively managed by Charles Schwab, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. SCCR is actively managed, while HYG is passively managed. Over the past year, SCCR returned 5.53% vs 6.51% for HYG. At a 0.48 correlation, their price movements are largely independent. SCCR charges 0.16%/yr vs 0.49%/yr for HYG.

Performance

SCCR vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Core Bond ETF (SCCR) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCCR achieves a 0.44% return, which is significantly lower than HYG's 1.51% return.

SCCR

• 1D: 0.12%
• 1M: 0.37%
• YTD: 0.44%
• 6M: 0.59%
• 1Y: 5.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYG

• 1D: 0.19%
• 1M: 0.40%
• YTD: 1.51%
• 6M: 1.84%
• 1Y: 6.51%
• 3Y*: 8.57%
• 5Y*: 3.81%
• 10Y*: 4.91%

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

SCCR vs. HYG - Yearly Performance Comparison

	2026 (YTD)	2025
SCCR Schwab Core Bond ETF	0.44%	6.66%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	1.51%	6.65%

Correlation

The correlation between SCCR and HYG 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 (All Time) Calculated using the full available price history since Feb 6, 2025	0.48

The correlation between SCCR and HYG has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

SCCR vs. HYG - Sectors Allocation Comparison

Sectors	SCCR	HYG
Financial Services	13.2%	-
Industrials	6.9%	-
Technology	3.4%	-
Healthcare	3.1%	-
Real Estate	2.4%	0.4%
Communication Services	2.3%	-
Energy	1.9%	-
Consumer Cyclical	1.1%	-
Basic Materials	0.7%	-
Utilities	0.7%	99.6%
Consumer Defensive	0.4%	-

Return for Risk

SCCR vs. HYG — Risk / Return Rank

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

SCCR

SCCR Risk / Return Rank: 42
SCCR Sharpe Ratio Rank: 43
SCCR Sortino Ratio Rank: 45
SCCR Omega Ratio Rank: 41
SCCR Calmar Ratio Rank: 41
SCCR Martin Ratio Rank: 38

HYG

HYG Risk / Return Rank: 57
HYG Sharpe Ratio Rank: 51
HYG Sortino Ratio Rank: 55
HYG Omega Ratio Rank: 54
HYG Calmar Ratio Rank: 58
HYG Martin Ratio Rank: 68

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.

SCCR vs. HYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Core Bond ETF (SCCR) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.

	SCCR	HYG	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.72	-0.22
Sortino ratio: Return per unit of downside risk	2.24	2.59	-0.35
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	1.98	2.79	-0.82
Martin ratio: Return relative to average drawdown	5.94	12.34	-6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCCR vs. HYG - Sharpe Ratio Comparison

The current SCCR Sharpe Ratio is 1.50, which is comparable to the HYG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SCCR and HYG, 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

	SCCR	HYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.72	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.46	+0.77

Drawdowns

SCCR vs. HYG - Drawdown Comparison

The maximum SCCR drawdown since its inception was -2.81%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for SCCR and HYG.

Drawdown Indicators

	SCCR	HYG	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	-34.25%	+31.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-2.34%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.03%	—
Current Drawdown Current decline from peak	-1.44%	-0.09%	-1.35%
Average Drawdown Average peak-to-trough decline	-0.76%	-3.24%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.53%	+0.40%

Volatility

SCCR vs. HYG - Volatility Comparison

Schwab Core Bond ETF (SCCR) has a higher volatility of 1.28% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that SCCR's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCCR	HYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.21%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	3.01%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	3.81%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	7.53%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	8.29%	-3.91%

SCCR vs. HYG - Expense Ratio Comparison

SCCR has a 0.16% expense ratio, which is lower than HYG's 0.49% expense ratio.

Dividends

SCCR vs. HYG - Dividend Comparison

SCCR's dividend yield for the trailing twelve months is around 4.63%, less than HYG's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYG iShares iBoxx $ High Yield Corporate Bond ETF	5.91%	5.71%	6.01%	5.74%	5.30%	4.02%	4.88%	4.99%	5.54%	5.12%	5.27%	5.90%
SCCR Schwab Core Bond ETF	4.63%	3.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCCR and HYG in my portfolio?

SCCR and HYG 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.

Which is riskier, SCCR or HYG?

SCCR has higher volatility (1.28%) compared to HYG (1.21%). In terms of maximum drawdown, SCCR dropped -2.81% vs HYG's -34.25%.

Which ETF is better, SCCR or HYG?

On 1-year performance, HYG leads with 6.51% vs 5.53% for SCCR. On fees, SCCR is cheaper at 0.16% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCCR or HYG?

Over the 1-year period, HYG has performed better with a 6.51% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCCR or HYG?

SCCR is cheaper with a 0.16% expense ratio, compared with 0.49% for HYG.

Which ETF pays a higher dividend yield, SCCR or HYG?

HYG has the higher dividend yield at 5.91%, compared with 4.63% for SCCR.

What is the main difference between SCCR and HYG?

SCCR is categorized as Intermediate Core Bond, while HYG is High Yield Bonds. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.16% for SCCR and 0.49% for HYG.

Which has better risk-adjusted returns?

HYG currently has the higher Sharpe Ratio (1.72 vs 1.50), 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.