SCHG vs. MBB
SCHG (Schwab U.S. Large-Cap Growth ETF) and MBB (iShares MBS Bond ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while MBB is a Mortgage Backed Securities fund tracking the Barclays Capital U.S. MBS Index. Both are passively managed. Over the past 10 years, SCHG returned 18.85%/yr vs 1.33%/yr for MBB. At a correlation of -0.03, they often move in opposite directions. SCHG charges 0.04%/yr vs 0.06%/yr for MBB.
Performance
SCHG vs. MBB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHG achieves a 5.03% return, which is significantly higher than MBB's 1.01% return. Over the past 10 years, SCHG has outperformed MBB with an annualized return of 18.85%, while MBB has yielded a comparatively lower 1.33% annualized return.
SCHG
- 1D
- 2.39%
- 1M
- -0.12%
- YTD
- 5.03%
- 6M
- 5.98%
- 1Y
- 23.20%
- 3Y*
- 23.27%
- 5Y*
- 14.85%
- 10Y*
- 18.85%
MBB
- 1D
- 0.15%
- 1M
- 1.37%
- YTD
- 1.01%
- 6M
- 1.52%
- 1Y
- 6.57%
- 3Y*
- 4.44%
- 5Y*
- 0.52%
- 10Y*
- 1.33%
SCHG vs. MBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 5.03% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
MBB iShares MBS Bond ETF | 1.01% | 8.38% | 1.31% | 5.01% | -11.74% | -1.43% | 4.08% | 6.18% | 0.82% | 2.49% |
Correlation
The correlation between SCHG and MBB is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009 | -0.03 |
The correlation between SCHG and MBB shifts across timeframes, from -0.03 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHG vs. MBB — Risk / Return Rank
SCHG
MBB
SCHG vs. MBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and iShares MBS Bond ETF (MBB). 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.
| SCHG | MBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.24 | -0.82 |
| Martin ratioReturn relative to average drawdown | 4.68 | 7.12 | -2.44 |
Loading charts...
Drawdowns
SCHG vs. MBB - Drawdown Comparison
The maximum SCHG drawdown since its inception was -34.59%, which is greater than MBB's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for SCHG and MBB.
Loading charts...
Drawdown Indicators
| SCHG | MBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -17.64% | -16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -2.94% | -13.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -7.68% | -15.71% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | -17.19% | -17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -17.64% | -16.95% |
Current DrawdownCurrent decline from peak | -3.06% | -1.09% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -2.35% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 0.92% | +4.05% |
Volatility
SCHG vs. MBB - Volatility Comparison
Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 5.59% compared to iShares MBS Bond ETF (MBB) at 1.58%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than MBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHG | MBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 1.58% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 3.29% | +9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 4.42% | +11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 6.82% | +15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 5.31% | +16.29% |
SCHG vs. MBB - Expense Ratio Comparison
SCHG has a 0.04% expense ratio, which is lower than MBB'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
SCHG vs. MBB - Dividend Comparison
SCHG's dividend yield for the trailing twelve months is around 0.37%, less than MBB's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBB iShares MBS Bond ETF | 4.26% | 4.21% | 3.94% | 3.40% | 2.31% | 1.05% | 2.10% | 2.77% | 2.64% | 2.23% | 2.58% | 2.66% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.37% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Frequently Asked Questions
SCHG and MBB have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHG has higher volatility (5.59%) compared to MBB (1.58%). In terms of maximum drawdown, SCHG dropped -34.59% vs MBB's -17.64%.
On 10-year performance, SCHG leads with 18.85% vs 1.33% for MBB. On fees, SCHG is cheaper at 0.04% per year. On volatility, MBB has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHG has performed better with a 18.85% return vs 1.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHG is cheaper with a 0.04% expense ratio, compared with 0.06% for MBB.
MBB has the higher dividend yield at 4.26%, compared with 0.37% for SCHG.
SCHG is categorized as Large Cap Growth Equities, while MBB is Mortgage Backed Securities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while MBB tracks Barclays Capital U.S. MBS Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHG and 0.06% for MBB.
MBB currently has the higher Sharpe Ratio (1.49 vs 1.45), 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.
Find the right allocation for SCHG and MBB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer