SCHI vs. VCIT
SCHI (Schwab 5-10 Year Corporate Bond ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds - SCHI tracks the Bloomberg US Aggregate Credit - Corporate (5-10 Y) while VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, SCHI returned 1.29%/yr vs 1.24%/yr for VCIT. With a 0.98 correlation, they move nearly in lockstep. SCHI charges 0.05%/yr vs 0.03%/yr for VCIT.
Performance
SCHI vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, SCHI achieves a 0.37% return, which is significantly higher than VCIT's 0.31% return.
SCHI
- 1D
- 0.18%
- 1M
- 0.28%
- YTD
- 0.37%
- 6M
- 0.46%
- 1Y
- 5.80%
- 3Y*
- 6.17%
- 5Y*
- 1.29%
- 10Y*
- —
VCIT
- 1D
- 0.13%
- 1M
- 0.24%
- YTD
- 0.31%
- 6M
- 0.39%
- 1Y
- 5.69%
- 3Y*
- 6.09%
- 5Y*
- 1.24%
- 10Y*
- 2.97%
SCHI vs. VCIT - 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.31% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 1.04% |
Correlation
The correlation between SCHI and VCIT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.98 |
The correlation between SCHI and VCIT has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SCHI vs. VCIT — Risk / Return Rank
SCHI
VCIT
SCHI vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.93 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.54 | 6.44 | +0.10 |
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 | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.40 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.19 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.76 | -0.46 |
Drawdowns
SCHI vs. VCIT - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for SCHI and VCIT.
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Drawdown Indicators
| SCHI | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -20.56% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.96% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -6.11% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -20.56% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -1.19% | -1.22% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -3.16% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.89% | 0.00% |
Volatility
SCHI vs. VCIT - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.32% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHI | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.38% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.06% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.10% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.61% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 6.28% | +1.12% |
SCHI vs. VCIT - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is higher than VCIT's 0.03% 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. VCIT - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.04%, more than VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
With a correlation of 0.99, SCHI and VCIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCIT has higher volatility (1.38%) compared to SCHI (1.32%). In terms of maximum drawdown, SCHI dropped -20.67% vs VCIT's -20.56%.
On 5-year performance, SCHI leads with 1.29% vs 1.24% for VCIT. On fees, VCIT is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHI has performed better with a 1.29% return vs 1.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHI.
SCHI has the higher dividend yield at 5.04%, compared with 4.80% for VCIT.
SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y), while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.05% for SCHI and 0.03% for VCIT.
SCHI currently has the higher Sharpe Ratio (1.41 vs 1.40), 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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