SCHI vs. SCHB
SCHI (Schwab 5-10 Year Corporate Bond ETF) and SCHB (Schwab U.S. Broad Market ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US 5-10 Year Corporate Bond Index, while SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. Both are passively managed. Over the past 5 years, SCHI returned 1.30%/yr vs 11.90%/yr for SCHB. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.03% expense ratio.
Performance
SCHI vs. SCHB - Performance Comparison
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Returns By Period
In the year-to-date period, SCHI achieves a 0.82% return, which is significantly lower than SCHB's 8.93% return.
SCHI
- 1D
- 0.13%
- 1M
- 0.72%
- YTD
- 0.82%
- 6M
- 0.64%
- 1Y
- 5.33%
- 3Y*
- 6.23%
- 5Y*
- 1.30%
- 10Y*
- —
SCHB
- 1D
- 0.07%
- 1M
- -1.50%
- YTD
- 8.93%
- 6M
- 7.50%
- 1Y
- 22.90%
- 3Y*
- 20.79%
- 5Y*
- 11.90%
- 10Y*
- 15.36%
SCHI vs. SCHB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.82% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
SCHB Schwab U.S. Broad Market ETF | 8.93% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 20.76% | 11.09% |
Correlation
The correlation between SCHI and SCHB is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.28 |
The correlation between SCHI and SCHB shifts across timeframes, from 0.28 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHI vs. SCHB — Risk / Return Rank
SCHI
SCHB
SCHI vs. SCHB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and Schwab U.S. Broad Market ETF (SCHB). 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 | SCHB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.58 | -0.80 |
| Martin ratioReturn relative to average drawdown | 5.69 | 11.35 | -5.66 |
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Drawdowns
SCHI vs. SCHB - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, smaller than the maximum SCHB drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for SCHI and SCHB.
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Drawdown Indicators
| SCHI | SCHB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -35.27% | +14.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -8.91% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -19.34% | +13.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -25.41% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.27% | — |
Current DrawdownCurrent decline from peak | -0.75% | -2.81% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -4.11% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.02% | -1.08% |
Volatility
SCHI vs. SCHB - Volatility Comparison
The current volatility for Schwab 5-10 Year Corporate Bond ETF (SCHI) is 1.23%, while Schwab U.S. Broad Market ETF (SCHB) has a volatility of 4.92%. This indicates that SCHI experiences smaller price fluctuations and is considered to be less risky than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHI | SCHB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 4.92% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 10.04% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 12.76% | -8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 17.35% | -10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.38% | 18.33% | -10.95% |
SCHI vs. SCHB - Expense Ratio Comparison
Both SCHI and SCHB have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SCHI vs. SCHB - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.02%, more than SCHB's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 1.06% | 1.11% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.00% | 1.65% | 1.86% | 2.00% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.02% | 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
SCHI and SCHB have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHB has higher volatility (4.92%) compared to SCHI (1.23%). In terms of maximum drawdown, SCHI dropped -20.67% vs SCHB's -35.27%.
On 5-year performance, SCHB leads with 11.90% vs 1.30% for SCHI. Both ETFs have the same 0.03% expense ratio. On volatility, SCHI has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHB has performed better with a 11.90% return vs 1.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI and SCHB have the same expense ratio: 0.03% per year.
SCHI has the higher dividend yield at 5.02%, compared with 1.06% for SCHB.
SCHI is categorized as Corporate Bonds, while SCHB is Large Cap Blend Equities. SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index, while SCHB tracks Dow Jones U.S. Broad Stock Market Index.
SCHB currently has the higher Sharpe Ratio (1.80 vs 1.30), 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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