SCHI vs. DFCF
SCHI (Schwab 5-10 Year Corporate Bond ETF) and DFCF (Dimensional Core Fixed Income ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while DFCF is a Intermediate Core Bond fund actively managed by Dimensional. SCHI is passively managed, while DFCF is actively managed. Over the past 3 years, SCHI returned 6.17%/yr vs 4.85%/yr for DFCF. Their correlation of 0.95 suggests significant overlap in exposure. SCHI charges 0.05%/yr vs 0.17%/yr for DFCF.
Performance
SCHI vs. DFCF - Performance Comparison
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Returns By Period
In the year-to-date period, SCHI achieves a 0.37% return, which is significantly lower than DFCF's 0.54% return.
SCHI
- 1D
- 0.18%
- 1M
- 0.28%
- YTD
- 0.37%
- 6M
- 0.46%
- 1Y
- 5.80%
- 3Y*
- 6.17%
- 5Y*
- 1.29%
- 10Y*
- —
DFCF
- 1D
- 0.17%
- 1M
- 0.27%
- YTD
- 0.54%
- 6M
- 0.56%
- 1Y
- 5.32%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
SCHI vs. DFCF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.37% | 9.47% | 3.32% | 8.97% | -14.06% | 0.66% |
DFCF Dimensional Core Fixed Income ETF | 0.54% | 7.89% | 1.86% | 6.94% | -14.48% | 0.23% |
Correlation
The correlation between SCHI and DFCF is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.95 |
The correlation between SCHI and DFCF has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SCHI vs. DFCF — Risk / Return Rank
SCHI
DFCF
SCHI vs. DFCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and Dimensional Core Fixed Income ETF (DFCF). 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.
| SCHI | DFCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.92 | +0.02 |
| Martin ratioReturn relative to average drawdown | 6.54 | 5.81 | +0.73 |
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
| SCHI | DFCF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.35 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.04 | +0.26 |
Drawdowns
SCHI vs. DFCF - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, which is greater than DFCF's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for SCHI and DFCF.
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Drawdown Indicators
| SCHI | DFCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -19.56% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.79% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -5.05% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -1.30% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -8.03% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.92% | -0.03% |
Volatility
SCHI vs. DFCF - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) and Dimensional Core Fixed Income ETF (DFCF) have volatilities of 1.32% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHI | DFCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.36% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.91% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 3.99% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.46% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 6.46% | +0.94% |
SCHI vs. DFCF - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is lower than DFCF's 0.17% 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
SCHI vs. DFCF - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.04%, more than DFCF's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DFCF Dimensional Core Fixed Income ETF | 4.30% | 4.48% | 4.61% | 4.51% | 3.27% | 0.16% | 0.00% | 0.00% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.04% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% |
Frequently Asked Questions
With a correlation of 0.97, SCHI and DFCF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DFCF has higher volatility (1.36%) compared to SCHI (1.32%). In terms of maximum drawdown, SCHI dropped -20.67% vs DFCF's -19.56%.
On 3-year performance, SCHI leads with 6.17% vs 4.85% for DFCF. On fees, SCHI is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHI has performed better with a 6.17% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.05% expense ratio, compared with 0.17% for DFCF.
SCHI has the higher dividend yield at 5.04%, compared with 4.30% for DFCF.
SCHI is categorized as Corporate Bonds, while DFCF is Intermediate Core Bond. They also come from different issuers: Charles Schwab and Dimensional. Their fees differ too: 0.05% for SCHI and 0.17% for DFCF.
SCHI currently has the higher Sharpe Ratio (1.41 vs 1.35), 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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