SCHB vs. AGG
SCHB (Schwab U.S. Broad Market ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, SCHB returned 14.83%/yr vs 1.52%/yr for AGG. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.03% expense ratio.
Performance
SCHB vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, SCHB achieves a 9.14% return, which is significantly higher than AGG's -0.08% return. Over the past 10 years, SCHB has outperformed AGG with an annualized return of 14.83%, while AGG has yielded a comparatively lower 1.52% annualized return.
SCHB
- 1D
- 0.35%
- 1M
- 0.46%
- YTD
- 9.14%
- 6M
- 9.03%
- 1Y
- 24.95%
- 3Y*
- 21.09%
- 5Y*
- 12.31%
- 10Y*
- 14.83%
AGG
- 1D
- 0.00%
- 1M
- -0.69%
- YTD
- -0.08%
- 6M
- 0.26%
- 1Y
- 4.97%
- 3Y*
- 3.88%
- 5Y*
- -0.03%
- 10Y*
- 1.52%
SCHB vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 9.14% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 20.76% | 30.79% | -5.43% | 21.20% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.08% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between SCHB and AGG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2009 | -0.07 |
The correlation between SCHB and AGG shifts across timeframes, from -0.07 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHB vs. AGG — Risk / Return Rank
SCHB
AGG
SCHB vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| SCHB | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 1.81 | +1.01 |
| Martin ratioReturn relative to average drawdown | 12.80 | 5.44 | +7.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHB | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.32 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.00 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.28 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.59 | +0.23 |
Drawdowns
SCHB vs. AGG - Drawdown Comparison
The maximum SCHB drawdown since its inception was -35.27%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SCHB and AGG.
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Drawdown Indicators
| SCHB | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -18.43% | -16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -2.76% | -6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -6.11% | -13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -25.41% | -17.82% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.27% | -18.43% | -16.84% |
Current DrawdownCurrent decline from peak | -2.63% | -2.47% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -2.71% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 0.92% | +1.03% |
Volatility
SCHB vs. AGG - Volatility Comparison
Schwab U.S. Broad Market ETF (SCHB) has a higher volatility of 3.93% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.29%. This indicates that SCHB's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHB | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 1.29% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 2.77% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 3.80% | +8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 6.09% | +11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 5.41% | +12.93% |
SCHB vs. AGG - Expense Ratio Comparison
Both SCHB and AGG have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SCHB vs. AGG - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.04%, less than AGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
SCHB Schwab U.S. Broad Market ETF | 1.04% | 1.11% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.00% | 1.65% | 1.86% | 2.00% |
Frequently Asked Questions
SCHB and AGG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHB has higher volatility (3.93%) compared to AGG (1.29%). In terms of maximum drawdown, SCHB dropped -35.27% vs AGG's -18.43%.
On 10-year performance, SCHB leads with 14.83% vs 1.52% for AGG. Both ETFs have the same 0.03% expense ratio. On volatility, AGG has been the lower-risk option at 1.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHB has performed better with a 14.83% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHB and AGG have the same expense ratio: 0.03% per year.
AGG has the higher dividend yield at 4.00%, compared with 1.04% for SCHB.
SCHB is categorized as Large Cap Blend Equities, while AGG is Total Bond Market. SCHB tracks Dow Jones U.S. Broad Stock Market Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Charles Schwab and iShares.
SCHB currently has the higher Sharpe Ratio (2.02 vs 1.32), 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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