SCHI vs. VWOB
SCHI (Schwab 5-10 Year Corporate Bond ETF) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while VWOB is a Emerging Markets Bonds fund tracking the Bloomberg USD Emerging Markets Government RIC Capped Index. Both are passively managed. Over the past 5 years, SCHI returned 1.08%/yr vs 1.85%/yr for VWOB. A 0.72 correlation means they provide meaningful diversification when combined. SCHI charges 0.05%/yr vs 0.15%/yr for VWOB.
Performance
SCHI vs. VWOB - 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 VWOB's 0.95% return.
SCHI
- 1D
- -0.04%
- 1M
- -0.74%
- YTD
- -0.25%
- 6M
- 0.06%
- 1Y
- 6.09%
- 3Y*
- 6.07%
- 5Y*
- 1.08%
- 10Y*
- —
VWOB
- 1D
- -0.18%
- 1M
- -0.48%
- YTD
- 0.95%
- 6M
- 1.64%
- 1Y
- 10.16%
- 3Y*
- 9.06%
- 5Y*
- 1.85%
- 10Y*
- 3.44%
SCHI vs. VWOB - 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 0.95% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 2.41% |
Correlation
The correlation between SCHI and VWOB is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.72 |
The correlation between SCHI and VWOB shifts across timeframes, from 0.72 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHI vs. VWOB — Risk / Return Rank
SCHI
VWOB
SCHI vs. VWOB - 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 Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.28 | -0.24 |
| Martin ratioReturn relative to average drawdown | 6.77 | 9.60 | -2.84 |
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 | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.97 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.20 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.41 | -0.12 |
Drawdowns
SCHI vs. VWOB - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for SCHI and VWOB.
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Drawdown Indicators
| SCHI | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -26.98% | +6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -4.48% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -7.71% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -26.98% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -1.80% | -0.94% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -4.78% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.06% | -0.16% |
Volatility
SCHI vs. VWOB - Volatility Comparison
The current volatility for Schwab 5-10 Year Corporate Bond ETF (SCHI) is 1.33%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 1.65%. This indicates that SCHI experiences smaller price fluctuations and is considered to be less risky than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHI | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.65% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 4.20% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 5.18% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 9.18% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 9.34% | -1.94% |
SCHI vs. VWOB - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is lower than VWOB's 0.15% 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%.
Dividends
SCHI vs. VWOB - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.07%, less than VWOB's 5.88% 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.88% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
SCHI and VWOB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWOB has higher volatility (1.65%) compared to SCHI (1.33%). In terms of maximum drawdown, SCHI dropped -20.67% vs VWOB's -26.98%.
On 5-year performance, VWOB leads with 1.85% vs 1.08% for SCHI. On fees, SCHI is cheaper at 0.05% per year. On volatility, SCHI has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VWOB has performed better with a 1.85% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.05% expense ratio, compared with 0.15% for VWOB.
VWOB has the higher dividend yield at 5.88%, compared with 5.07% for SCHI.
SCHI is categorized as Corporate Bonds, while VWOB is Emerging Markets Bonds. SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y), while VWOB tracks Bloomberg USD Emerging Markets Government RIC Capped Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.05% for SCHI and 0.15% for VWOB.
VWOB currently has the higher Sharpe Ratio (1.97 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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