SCHJ vs. SPSB
Compare and contrast key facts about Schwab 1-5 Year Corporate Bond ETF (SCHJ) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
SCHJ and SPSB 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. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009. Both SCHJ and SPSB 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 SPSB.
Performance
SCHJ vs. SPSB - Performance Comparison
Returns By Period
In the year-to-date period, SCHJ achieves a 5.54% return, which is significantly higher than SPSB's 4.63% return.
SCHJ
5.54%
-0.15%
4.52%
8.46%
2.98%
N/A
SPSB
4.63%
-0.03%
3.51%
6.52%
2.15%
2.14%
Key characteristics
| SCHJ | SPSB | |
|---|---|---|
| Sharpe Ratio | 3.26 | 3.65 |
| Sortino Ratio | 5.48 | 6.11 |
| Omega Ratio | 1.70 | 1.82 |
| Calmar Ratio | 0.09 | 10.42 |
| Martin Ratio | 20.51 | 27.49 |
| Ulcer Index | 0.42% | 0.24% |
| Daily Std Dev | 2.63% | 1.80% |
| Max Drawdown | -100.00% | -11.75% |
| Current Drawdown | -100.00% | -0.50% |
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SCHJ vs. SPSB - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is lower than SPSB's 0.07% 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%.
Correlation
The correlation between SCHJ and SPSB is 0.82, 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.
Risk-Adjusted Performance
SCHJ vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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. SPSB - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 6.42%, more than SPSB's 4.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 6.42% | 4.31% | 2.39% | 1.25% | 4.03% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.85% | 4.05% | 1.92% | 1.20% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.44% | 1.26% | 1.41% |
Drawdowns
SCHJ vs. SPSB - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -100.00%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for SCHJ and SPSB. For additional features, visit the drawdowns tool.
Volatility
SCHJ vs. SPSB - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.63% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.39%. This indicates that SCHJ's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.