SCHI vs. HYLB
SCHI (Schwab 5-10 Year Corporate Bond ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, SCHI returned 1.29%/yr vs 4.06%/yr for HYLB. A 0.56 correlation means they provide meaningful diversification when combined. SCHI charges 0.05%/yr vs 0.15%/yr for HYLB.
Performance
SCHI vs. HYLB - 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 HYLB's 1.65% return.
SCHI
- 1D
- 0.18%
- 1M
- 0.28%
- YTD
- 0.37%
- 6M
- 0.46%
- 1Y
- 5.80%
- 3Y*
- 6.17%
- 5Y*
- 1.29%
- 10Y*
- —
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
SCHI vs. HYLB - 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% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 2.90% |
Correlation
The correlation between SCHI and HYLB is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.56 |
The correlation between SCHI and HYLB shifts across timeframes, from 0.56 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHI vs. HYLB — Risk / Return Rank
SCHI
HYLB
SCHI vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.00 | -1.06 |
| Martin ratioReturn relative to average drawdown | 6.54 | 12.90 | -6.36 |
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
| SCHI | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.84 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.55 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.58 | -0.28 |
Drawdowns
SCHI vs. HYLB - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for SCHI and HYLB.
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Drawdown Indicators
| SCHI | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -22.91% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.27% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -4.51% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -15.54% | -5.13% |
Current DrawdownCurrent decline from peak | -1.19% | -0.09% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -2.43% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.53% | +0.36% |
Volatility
SCHI vs. HYLB - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.32% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 1.19%. This indicates that SCHI's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHI | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.19% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.92% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 3.70% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 7.47% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 8.18% | -0.78% |
SCHI vs. HYLB - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is lower than HYLB's 0.15% 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. HYLB - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.04%, less than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
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% |
Frequently Asked Questions
SCHI and HYLB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHI has higher volatility (1.32%) compared to HYLB (1.19%). In terms of maximum drawdown, SCHI dropped -20.67% vs HYLB's -22.91%.
On 5-year performance, HYLB leads with 4.06% vs 1.29% for SCHI. On fees, SCHI is cheaper at 0.05% per year. On volatility, HYLB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYLB has performed better with a 4.06% return vs 1.29%. 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 0.15% for HYLB.
HYLB has the higher dividend yield at 6.48%, compared with 5.04% for SCHI.
SCHI is categorized as Corporate Bonds, while HYLB is High Yield Bonds. SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y), while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: Charles Schwab and DWS. Their fees differ too: 0.05% for SCHI and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.84 vs 1.41), 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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