SCHJ vs. SLQD
SCHJ (Schwab 1-5 Year Corporate Bond ETF) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - SCHJ tracks the Bloomberg US Corporate (1-5 Y) while SLQD tracks the Markit iBoxx USD Liquid Investment Grade 0-5 Index. Both are passively managed. Over the past 5 years, SCHJ returned 2.31%/yr vs 2.52%/yr for SLQD. Their correlation of 0.90 suggests significant overlap in exposure. SCHJ charges 0.05%/yr vs 0.06%/yr for SLQD.
Performance
SCHJ vs. SLQD - Performance Comparison
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Returns By Period
In the year-to-date period, SCHJ achieves a 0.56% return, which is significantly lower than SLQD's 0.84% return.
SCHJ
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 0.56%
- 6M
- 0.86%
- 1Y
- 4.52%
- 3Y*
- 5.49%
- 5Y*
- 2.31%
- 10Y*
- —
SLQD
- 1D
- -0.08%
- 1M
- 0.24%
- YTD
- 0.84%
- 6M
- 1.16%
- 1Y
- 4.46%
- 3Y*
- 5.35%
- 5Y*
- 2.52%
- 10Y*
- 2.66%
SCHJ vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.56% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.84% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 0.57% |
Correlation
The correlation between SCHJ and SLQD is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.90 |
The correlation between SCHJ and SLQD has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
SCHJ vs. SLQD — Risk / Return Rank
SCHJ
SLQD
SCHJ vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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.
| SCHJ | SLQD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 3.02 | -0.59 |
Sortino ratioReturn per unit of downside risk | 3.78 | 4.88 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.62 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 4.22 | -1.14 |
Martin ratioReturn relative to average drawdown | 12.17 | 19.08 | -6.91 |
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
| SCHJ | SLQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 3.02 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 1.04 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.85 | -0.21 |
Drawdowns
SCHJ vs. SLQD - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for SCHJ and SLQD.
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Drawdown Indicators
| SCHJ | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -12.69% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -1.06% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -1.06% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -9.43% | -7.63% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.69% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.13% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -0.87% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.23% | +0.14% |
Volatility
SCHJ vs. SLQD - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.55% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.46%. This indicates that SCHJ's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHJ | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.46% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 1.09% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 1.49% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 2.44% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 3.14% | +0.99% |
SCHJ vs. SLQD - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is lower than SLQD's 0.06% 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
SCHJ vs. SLQD - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 4.50%, more than SLQD's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.50% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.32% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
With a correlation of 0.95, SCHJ and SLQD 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.
SCHJ has higher volatility (0.55%) compared to SLQD (0.46%). In terms of maximum drawdown, SCHJ dropped -13.62% vs SLQD's -12.69%.
On 5-year performance, SLQD leads with 2.52% vs 2.31% for SCHJ. On fees, SCHJ is cheaper at 0.05% 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, SLQD has performed better with a 2.52% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.05% expense ratio, compared with 0.06% for SLQD.
SCHJ has the higher dividend yield at 4.50%, compared with 4.32% for SLQD.
SCHJ tracks Bloomberg US Corporate (1-5 Y), while SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHJ and 0.06% for SLQD.
SLQD currently has the higher Sharpe Ratio (3.02 vs 2.42), 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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