SCHI vs. FXAIX

Last updated Jun 16, 2026

SCHI (Schwab 5-10 Year Corporate Bond ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SCHI returned 1.29%/yr vs 13.45%/yr for FXAIX. At a 0.27 correlation, their price movements are largely independent. SCHI charges 0.05%/yr vs 0.02%/yr for FXAIX.

Performance

SCHI vs. FXAIX - 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 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHI achieves a 0.46% return, which is significantly lower than FXAIX's 9.14% return.

SCHI

• 1D: 0.09%
• 1M: 0.99%
• YTD: 0.46%
• 6M: 0.82%
• 1Y: 6.04%
• 3Y*: 6.21%
• 5Y*: 1.29%
• 10Y*: —

FXAIX

• 1D: 0.51%
• 1M: 0.42%
• YTD: 9.14%
• 6M: 9.65%
• 1Y: 25.82%
• 3Y*: 20.99%
• 5Y*: 13.45%
• 10Y*: 15.52%

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

SCHI vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SCHI Schwab 5-10 Year Corporate Bond ETF	0.46%	9.47%	3.32%	8.97%	-14.06%	-1.85%	9.74%	0.83%
FXAIX Fidelity 500 Index Fund	9.14%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	11.13%

Correlation

The correlation between SCHI and FXAIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019	0.27

The correlation between SCHI and FXAIX shifts across timeframes, from 0.27 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SCHI vs. FXAIX — Risk / Return Rank

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

SCHI

SCHI Risk / Return Rank: 46
SCHI Sharpe Ratio Rank: 46
SCHI Sortino Ratio Rank: 48
SCHI Omega Ratio Rank: 44
SCHI Calmar Ratio Rank: 44
SCHI Martin Ratio Rank: 44

FXAIX

FXAIX Risk / Return Rank: 65
FXAIX Sharpe Ratio Rank: 64
FXAIX Sortino Ratio Rank: 58
FXAIX Omega Ratio Rank: 60
FXAIX Calmar Ratio Rank: 66
FXAIX Martin Ratio Rank: 78

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. FXAIX - 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 500 Index Fund (FXAIX). 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.

	SCHI	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.98	-0.51
Sortino ratio: Return per unit of downside risk	2.19	2.69	-0.50
Omega ratio: Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	2.01	2.76	-0.74
Martin ratio: Return relative to average drawdown	6.58	12.52	-5.94

SCHI vs. FXAIX - Sharpe Ratio Comparison

The current SCHI Sharpe Ratio is 1.47, which is comparable to the FXAIX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SCHI and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHI vs. FXAIX - Drawdown Comparison

The maximum SCHI drawdown since its inception was -20.67%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SCHI and FXAIX.

Drawdown Indicators

	SCHI	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.67%	-33.79%	+13.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-8.89%	+5.88%
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	-18.76%	+12.62%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-24.50%	+3.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-1.10%	-2.29%	+1.19%
Average Drawdown Average peak-to-trough decline	-5.69%	-3.79%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.96%	-1.04%

Volatility

SCHI vs. FXAIX - Volatility Comparison

The current volatility for Schwab 5-10 Year Corporate Bond ETF (SCHI) is 1.48%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.43%. This indicates that SCHI experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHI	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	4.43%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	3.20%	9.69%	-6.49%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	12.37%	-8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	16.98%	-10.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	18.10%	-10.71%

SCHI vs. FXAIX - Expense Ratio Comparison

SCHI has a 0.05% expense ratio, which is higher than FXAIX's 0.02% 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%.

Dividends

SCHI vs. FXAIX - Dividend Comparison

SCHI's dividend yield for the trailing twelve months is around 5.03%, more than FXAIX's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.05%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.03%	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 FXAIX in my portfolio?

SCHI and FXAIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHI or FXAIX?

FXAIX has higher volatility (4.43%) compared to SCHI (1.48%). In terms of maximum drawdown, SCHI dropped -20.67% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (1.98 vs 1.47), 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.