SCHJ vs. SCHA
SCHJ (Schwab 1-5 Year Corporate Bond ETF) and SCHA (Schwab U.S. Small-Cap ETF) are both exchange-traded funds - SCHJ is a Corporate Bonds fund tracking the Bloomberg US Corporate (1-5 Y), while SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index. Both are passively managed. Over the past 5 years, SCHJ returned 2.41%/yr vs 7.75%/yr for SCHA. At a 0.23 correlation, their price movements are largely independent. SCHJ charges 0.05%/yr vs 0.04%/yr for SCHA.
Performance
SCHJ vs. SCHA - Performance Comparison
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Returns By Period
In the year-to-date period, SCHJ achieves a 0.88% return, which is significantly lower than SCHA's 25.74% return.
SCHJ
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.88%
- 6M
- 1.00%
- 1Y
- 4.18%
- 3Y*
- 5.63%
- 5Y*
- 2.41%
- 10Y*
- —
SCHA
- 1D
- 2.21%
- 1M
- 5.28%
- YTD
- 25.74%
- 6M
- 22.76%
- 1Y
- 45.10%
- 3Y*
- 20.73%
- 5Y*
- 7.75%
- 10Y*
- 12.37%
SCHJ vs. SCHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.88% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
SCHA Schwab U.S. Small-Cap ETF | 25.74% | 11.60% | 11.16% | 18.46% | -19.81% | 16.45% | 19.34% | 12.46% |
Correlation
The correlation between SCHJ and SCHA is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.23 |
The correlation between SCHJ and SCHA shifts across timeframes, from 0.23 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHJ vs. SCHA — Risk / Return Rank
SCHJ
SCHA
SCHJ vs. SCHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and Schwab U.S. Small-Cap ETF (SCHA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCHJ | SCHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 4.77 | -1.92 |
| Martin ratioReturn relative to average drawdown | 11.01 | 17.45 | -6.44 |
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Drawdowns
SCHJ vs. SCHA - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, smaller than the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for SCHJ and SCHA.
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Drawdown Indicators
| SCHJ | SCHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -42.41% | +28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -9.50% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -27.29% | +25.82% |
Max Drawdown (5Y)Largest decline over 5 years | -9.43% | -30.79% | +21.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.41% | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -7.56% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.59% | -2.21% |
Volatility
SCHJ vs. SCHA - Volatility Comparison
The current volatility for Schwab 1-5 Year Corporate Bond ETF (SCHJ) is 0.69%, while Schwab U.S. Small-Cap ETF (SCHA) has a volatility of 6.79%. This indicates that SCHJ experiences smaller price fluctuations and is considered to be less risky than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHJ | SCHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 6.79% | -6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 14.03% | -12.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 18.82% | -16.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 22.06% | -19.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 22.75% | -18.63% |
SCHJ vs. SCHA - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is higher than SCHA'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
SCHJ vs. SCHA - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 4.49%, more than SCHA's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHA Schwab U.S. Small-Cap ETF | 1.00% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.49% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCHJ and SCHA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHA has higher volatility (6.79%) compared to SCHJ (0.69%). In terms of maximum drawdown, SCHJ dropped -13.62% vs SCHA's -42.41%.
On 5-year performance, SCHA leads with 7.75% vs 2.41% for SCHJ. On fees, SCHA is cheaper at 0.04% per year. On volatility, SCHJ has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHA has performed better with a 7.75% return vs 2.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHA is cheaper with a 0.04% expense ratio, compared with 0.05% for SCHJ.
SCHJ has the higher dividend yield at 4.49%, compared with 1.00% for SCHA.
SCHJ is categorized as Corporate Bonds, while SCHA is Small Cap Blend Equities. SCHJ tracks Bloomberg US Corporate (1-5 Y), while SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index. Their fees differ too: 0.05% for SCHJ and 0.04% for SCHA.
SCHA currently has the higher Sharpe Ratio (2.41 vs 2.20), 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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