SCHI vs. SPIB
Compare and contrast key facts about Schwab 5-10 Year Corporate Bond ETF (SCHI) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).
SCHI and SPIB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009. Both SCHI and SPIB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHI or SPIB.
Key characteristics
| SCHI | SPIB | |
|---|---|---|
| YTD Return | -0.18% | 0.46% |
| 1Y Return | 5.09% | 5.11% |
| 3Y Return (Ann) | -1.93% | -0.85% |
| Sharpe Ratio | 0.72 | 1.10 |
| Daily Std Dev | 6.98% | 4.57% |
| Max Drawdown | -20.67% | -14.94% |
| Current Drawdown | -8.39% | -4.13% |
Correlation
The correlation between SCHI and SPIB is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHI vs. SPIB - Performance Comparison
In the year-to-date period, SCHI achieves a -0.18% return, which is significantly lower than SPIB's 0.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SCHI vs. SPIB - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is lower than SPIB's 0.07% 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%.
Risk-Adjusted Performance
SCHI vs. SPIB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). 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.
Dividends
SCHI vs. SPIB - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.02%, more than SPIB's 4.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.02% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.13% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.03% | 2.79% | 2.68% | 2.69% | 2.65% | 3.04% |
Drawdowns
SCHI vs. SPIB - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, which is greater than SPIB's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for SCHI and SPIB. For additional features, visit the drawdowns tool.
Volatility
SCHI vs. SPIB - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.47% compared to SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) at 1.00%. This indicates that SCHI's price experiences larger fluctuations and is considered to be riskier than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.