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.
Performance
SCHI vs. SPIB - Performance Comparison
Returns By Period
In the year-to-date period, SCHI achieves a 5.34% return, which is significantly higher than SPIB's 4.13% return.
SCHI
5.34%
-1.49%
5.72%
11.56%
2.42%
N/A
SPIB
4.13%
-0.86%
3.74%
8.23%
1.54%
2.52%
Key characteristics
| SCHI | SPIB | |
|---|---|---|
| Sharpe Ratio | 2.05 | 2.17 |
| Sortino Ratio | 3.06 | 3.32 |
| Omega Ratio | 1.37 | 1.41 |
| Calmar Ratio | 0.12 | 1.01 |
| Martin Ratio | 8.48 | 10.48 |
| Ulcer Index | 1.40% | 0.79% |
| Daily Std Dev | 5.80% | 3.82% |
| Max Drawdown | -100.00% | -14.94% |
| Current Drawdown | -100.00% | -1.81% |
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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%.
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.
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 6.80%, more than SPIB's 4.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 6.80% | 6.66% | 4.04% | 3.19% | 3.68% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.38% | 3.83% | 2.65% | 1.58% | 2.18% | 3.04% | 3.04% | 2.79% | 2.69% | 2.70% | 2.65% | 3.03% |
Drawdowns
SCHI vs. SPIB - Drawdown Comparison
The maximum SCHI drawdown since its inception was -100.00%, 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 1.79% compared to SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) at 1.13%. 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.