SCHI vs. VCSH
SCHI (Schwab 5-10 Year Corporate Bond ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both Corporate Bonds funds - SCHI tracks the Bloomberg US Aggregate Credit - Corporate (5-10 Y) while VCSH tracks the Bloomberg U.S. 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, SCHI returned 1.08%/yr vs 2.26%/yr for VCSH. Their correlation of 0.89 suggests significant overlap in exposure. SCHI charges 0.05%/yr vs 0.04%/yr for VCSH.
Performance
SCHI vs. VCSH - Performance Comparison
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Returns By Period
In the year-to-date period, SCHI achieves a -0.25% return, which is significantly lower than VCSH's 0.44% return.
SCHI
- 1D
- -0.04%
- 1M
- -0.74%
- YTD
- -0.25%
- 6M
- 0.06%
- 1Y
- 6.09%
- 3Y*
- 6.07%
- 5Y*
- 1.08%
- 10Y*
- —
VCSH
- 1D
- 0.03%
- 1M
- -0.26%
- YTD
- 0.44%
- 6M
- 0.92%
- 1Y
- 4.56%
- 3Y*
- 5.56%
- 5Y*
- 2.26%
- 10Y*
- 2.66%
SCHI vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | -0.25% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 1.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.44% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 0.65% |
Correlation
The correlation between SCHI and VCSH is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.89 |
The correlation between SCHI and VCSH has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
SCHI vs. VCSH — Risk / Return Rank
SCHI
VCSH
SCHI vs. VCSH - 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 Short-Term Corporate Bond ETF (VCSH). 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 | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.27 | -1.24 |
| Martin ratioReturn relative to average drawdown | 6.77 | 13.41 | -6.65 |
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 | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.45 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.79 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.01 | -0.73 |
Drawdowns
SCHI vs. VCSH - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for SCHI and VCSH.
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Drawdown Indicators
| SCHI | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -12.86% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -1.40% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -1.40% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -9.48% | -11.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -1.80% | -0.52% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -0.97% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.34% | +0.56% |
Volatility
SCHI vs. VCSH - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.33% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.61%. This indicates that SCHI's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHI | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.61% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 1.41% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 1.87% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 2.88% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 3.35% | +4.05% |
SCHI vs. VCSH - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is higher than VCSH's 0.04% 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. VCSH - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.07%, more than VCSH's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.07% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.46% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
With a correlation of 0.91, SCHI and VCSH 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.
SCHI has higher volatility (1.33%) compared to VCSH (0.61%). In terms of maximum drawdown, SCHI dropped -20.67% vs VCSH's -12.86%.
On 5-year performance, VCSH leads with 2.26% vs 1.08% for SCHI. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCSH has performed better with a 2.26% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.05% for SCHI.
SCHI has the higher dividend yield at 5.07%, compared with 4.46% for VCSH.
SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y), while VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.05% for SCHI and 0.04% for VCSH.
VCSH currently has the higher Sharpe Ratio (2.45 vs 1.49), 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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