SCHJ vs. SCHZ
Compare and contrast key facts about Schwab 1-5 Year Corporate Bond ETF (SCHJ) and Schwab U.S. Aggregate Bond ETF (SCHZ).
SCHJ and SCHZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 2019. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. Both SCHJ and SCHZ 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: SCHJ or SCHZ.
Key characteristics
| SCHJ | SCHZ | |
|---|---|---|
| YTD Return | 5.63% | 4.11% |
| 1Y Return | 9.70% | 10.88% |
| 3Y Return (Ann) | 2.89% | -0.43% |
| 5Y Return (Ann) | 3.03% | 1.65% |
| Sharpe Ratio | 3.62 | 1.82 |
| Sortino Ratio | 6.27 | 2.74 |
| Omega Ratio | 1.81 | 1.33 |
| Calmar Ratio | 0.10 | 0.90 |
| Martin Ratio | 25.80 | 7.61 |
| Ulcer Index | 0.38% | 1.46% |
| Daily Std Dev | 2.71% | 6.11% |
| Max Drawdown | -100.00% | -16.93% |
| Current Drawdown | -100.00% | -2.83% |
Correlation
The correlation between SCHJ and SCHZ is 0.77, 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.
Performance
SCHJ vs. SCHZ - Performance Comparison
In the year-to-date period, SCHJ achieves a 5.63% return, which is significantly higher than SCHZ's 4.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHJ vs. SCHZ - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is higher than SCHZ'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%.
Risk-Adjusted Performance
SCHJ vs. SCHZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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
SCHJ vs. SCHZ - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 5.48%, more than SCHZ's 4.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 5.48% | 4.23% | 2.60% | 1.29% | 3.75% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.80% | 3.80% | 3.50% | 3.42% | 3.85% | 4.43% | 4.13% | 4.01% | 3.39% | 3.01% | 3.21% | 3.31% |
Drawdowns
SCHJ vs. SCHZ - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -100.00%, which is greater than SCHZ's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for SCHJ and SCHZ. For additional features, visit the drawdowns tool.
Volatility
SCHJ vs. SCHZ - Volatility Comparison
The current volatility for Schwab 1-5 Year Corporate Bond ETF (SCHJ) is 0.63%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.62%. This indicates that SCHJ experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.