SCHI vs. FBND

Last updated Jun 5, 2026

SCHI (Schwab 5-10 Year Corporate Bond ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. SCHI is passively managed, while FBND is actively managed. Over the past 5 years, SCHI returned 1.29%/yr vs 0.86%/yr for FBND. Their correlation of 0.91 suggests significant overlap in exposure. SCHI charges 0.05%/yr vs 0.36%/yr for FBND.

Performance

SCHI vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 5-10 Year Corporate Bond ETF (SCHI) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHI achieves a 0.37% return, which is significantly lower than FBND's 0.61% return.

SCHI

• 1D: 0.18%
• 1M: 0.28%
• YTD: 0.37%
• 6M: 0.46%
• 1Y: 5.80%
• 3Y*: 6.17%
• 5Y*: 1.29%
• 10Y*: —

FBND

• 1D: 0.11%
• 1M: 0.25%
• YTD: 0.61%
• 6M: 0.60%
• 1Y: 5.08%
• 3Y*: 4.80%
• 5Y*: 0.86%
• 10Y*: 2.57%

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

SCHI vs. FBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SCHI Schwab 5-10 Year Corporate Bond ETF	0.37%	9.47%	3.32%	8.97%	-14.06%	-1.85%	9.74%	1.00%
FBND Fidelity Total Bond ETF	0.61%	7.57%	2.13%	6.81%	-12.54%	-0.43%	9.41%	0.72%

Correlation

The correlation between SCHI and FBND is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.91

The correlation between SCHI and FBND has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

SCHI vs. FBND - Sectors Allocation Comparison

Sectors	SCHI	FBND
Financial Services	33.5%	0.2%
Technology	9.8%	-
Healthcare	8.9%	-
Communication Services	6.7%	-
Utilities	6.2%	27.5%
Consumer Cyclical	5.6%	-
Energy	5.4%	1.1%
Industrials	5.1%	71.4%
Consumer Defensive	3.5%	-
Real Estate	2.7%	-
Basic Materials	1.1%	-

Return for Risk

SCHI vs. FBND — Risk / Return Rank

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

SCHI

SCHI Risk / Return Rank: 41
SCHI Sharpe Ratio Rank: 41
SCHI Sortino Ratio Rank: 42
SCHI Omega Ratio Rank: 39
SCHI Calmar Ratio Rank: 40
SCHI Martin Ratio Rank: 42

FBND

FBND Risk / Return Rank: 38
FBND Sharpe Ratio Rank: 39
FBND Sortino Ratio Rank: 39
FBND Omega Ratio Rank: 36
FBND Calmar Ratio Rank: 39
FBND Martin Ratio Rank: 38

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.

SCHI vs. FBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and Fidelity Total Bond ETF (FBND). 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	FBND	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.34	+0.08
Sortino ratio: Return per unit of downside risk	2.08	1.97	+0.10
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	1.94	1.91	+0.02
Martin ratio: Return relative to average drawdown	6.54	5.77	+0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHI vs. FBND - Sharpe Ratio Comparison

The current SCHI Sharpe Ratio is 1.41, which is comparable to the FBND Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of SCHI and FBND, 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

	SCHI	FBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.34	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.15	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.45	-0.15

Drawdowns

SCHI vs. FBND - Drawdown Comparison

The maximum SCHI drawdown since its inception was -20.67%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for SCHI and FBND.

Drawdown Indicators

	SCHI	FBND	Difference
Max Drawdown Largest peak-to-trough decline	-20.67%	-17.25%	-3.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-2.66%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	-5.94%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-17.25%	-3.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.25%	—
Current Drawdown Current decline from peak	-1.19%	-1.32%	+0.13%
Average Drawdown Average peak-to-trough decline	-5.71%	-3.35%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.88%	+0.01%

Volatility

SCHI vs. FBND - Volatility Comparison

Schwab 5-10 Year Corporate Bond ETF (SCHI) and Fidelity Total Bond ETF (FBND) have volatilities of 1.32% and 1.26%, 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.

Volatility by Period

	SCHI	FBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.26%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	2.73%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	3.86%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.66%	5.92%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.40%	6.09%	+1.31%

SCHI vs. FBND - Expense Ratio Comparison

SCHI has a 0.05% expense ratio, which is lower than FBND's 0.36% expense ratio.

Dividends

SCHI vs. FBND - Dividend Comparison

SCHI's dividend yield for the trailing twelve months is around 5.04%, more than FBND's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBND Fidelity Total Bond ETF	4.70%	4.70%	4.73%	4.26%	3.07%	1.86%	4.25%	2.90%	2.93%	2.56%	2.84%	3.26%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.04%	4.99%	5.11%	4.27%	3.10%	1.93%	2.31%	0.53%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCHI and FBND in my portfolio?

With a correlation of 0.95, SCHI and FBND 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.

Which is riskier, SCHI or FBND?

SCHI has higher volatility (1.32%) compared to FBND (1.26%). In terms of maximum drawdown, SCHI dropped -20.67% vs FBND's -17.25%.

Which ETF is better, SCHI or FBND?

On 5-year performance, SCHI leads with 1.29% vs 0.86% for FBND. 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.

Which ETF has performed better, SCHI or FBND?

Over the 5-year period, SCHI has performed better with a 1.29% return vs 0.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHI or FBND?

SCHI is cheaper with a 0.05% expense ratio, compared with 0.36% for FBND.

Which ETF pays a higher dividend yield, SCHI or FBND?

SCHI has the higher dividend yield at 5.04%, compared with 4.70% for FBND.

What is the main difference between SCHI and FBND?

SCHI is categorized as Corporate Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Charles Schwab and Fidelity. Their fees differ too: 0.05% for SCHI and 0.36% for FBND.

Which has better risk-adjusted returns?

SCHI currently has the higher Sharpe Ratio (1.41 vs 1.34), 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.