SCCR vs. ICSH

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab Core Bond ETF (SCCR) and iShares Ultra Short Duration Bond Active ETF (ICSH).

SCCR and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCCR is an actively managed fund by Charles Schwab. It was launched on Feb 4, 2025. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013.

Performance

SCCR vs. ICSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Core Bond ETF (SCCR) and iShares Ultra Short Duration Bond Active ETF (ICSH). The values are adjusted to include any dividend payments, if applicable.

SCCR vs. ICSH - Yearly Performance Comparison

	2026 (YTD)	2025
SCCR Schwab Core Bond ETF	0.25%	6.66%
ICSH iShares Ultra Short Duration Bond Active ETF	0.74%	4.39%

Returns By Period

In the year-to-date period, SCCR achieves a 0.25% return, which is significantly lower than ICSH's 0.74% return.

SCCR

• 1D: 0.63%
• 1M: -1.63%
• YTD: 0.25%
• 6M: 1.49%
• 1Y: 5.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICSH

• 1D: 0.02%
• 1M: 0.12%
• YTD: 0.74%
• 6M: 1.89%
• 1Y: 4.40%
• 3Y*: 5.21%
• 5Y*: 3.55%
• 10Y*: 2.71%

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

SCCR vs. ICSH - Expense Ratio Comparison

SCCR has a 0.16% expense ratio, which is higher than ICSH's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SCCR

Schwab Core Bond ETF

ICSH

iShares Ultra Short Duration Bond Active ETF

Return for Risk

SCCR vs. ICSH — Risk / Return Rank

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

SCCR

SCCR Risk / Return Rank: 67
SCCR Sharpe Ratio Rank: 70
SCCR Sortino Ratio Rank: 70
SCCR Omega Ratio Rank: 60
SCCR Calmar Ratio Rank: 76
SCCR Martin Ratio Rank: 58

ICSH

ICSH Risk / Return Rank: 100
ICSH Sharpe Ratio Rank: 100
ICSH Sortino Ratio Rank: 100
ICSH Omega Ratio Rank: 100
ICSH Calmar Ratio Rank: 100
ICSH Martin Ratio Rank: 100

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. ICSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Core Bond ETF (SCCR) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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	ICSH	Difference
Sharpe ratio Return per unit of total volatility	1.23	10.86	-9.63
Sortino ratio Return per unit of downside risk	1.76	25.58	-23.82
Omega ratio Gain probability vs. loss probability	1.22	6.41	-5.19
Calmar ratio Return relative to maximum drawdown	2.03	45.33	-43.30
Martin ratio Return relative to average drawdown	5.61	283.87	-278.26
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. ICSH - Sharpe Ratio Comparison

The current SCCR Sharpe Ratio is 1.23, which is lower than the ICSH Sharpe Ratio of 10.86. The chart below compares the historical Sharpe Ratios of SCCR and ICSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCCR	ICSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	10.86	-9.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	7.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.90	-0.55

Correlation

The correlation between SCCR and ICSH is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SCCR vs. ICSH - Dividend Comparison

SCCR's dividend yield for the trailing twelve months is around 4.69%, more than ICSH's 4.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCCR Schwab Core Bond ETF	4.69%	3.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICSH iShares Ultra Short Duration Bond Active ETF	4.46%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%

Drawdowns

SCCR vs. ICSH - Drawdown Comparison

The maximum SCCR drawdown since its inception was -2.67%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for SCCR and ICSH.

Drawdown Indicators

	SCCR	ICSH	Difference
Max Drawdown Largest peak-to-trough decline	-2.67%	-3.94%	+1.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-0.10%	-2.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-3.94%	—
Current Drawdown Current decline from peak	-1.63%	0.00%	-1.63%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.08%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.02%	+0.94%

Volatility

SCCR vs. ICSH - Volatility Comparison

Schwab Core Bond ETF (SCCR) has a higher volatility of 1.69% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that SCCR's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCCR	ICSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	0.16%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	0.26%	+2.26%
Volatility (1Y) Calculated over the trailing 1-year period	4.35%	0.41%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	0.48%	+3.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	1.06%	+3.40%