SCHJ vs. USIG
SCHJ (Schwab 1-5 Year Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - SCHJ tracks the Bloomberg US Corporate (1-5 Y) while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past 5 years, SCHJ returned 2.31%/yr vs 0.72%/yr for USIG. Their correlation of 0.81 suggests significant overlap in exposure. SCHJ charges 0.05%/yr vs 0.04%/yr for USIG.
Performance
SCHJ vs. USIG - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SCHJ at 0.56% and USIG at 0.56%.
SCHJ
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 0.56%
- 6M
- 0.86%
- 1Y
- 4.52%
- 3Y*
- 5.49%
- 5Y*
- 2.31%
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
SCHJ vs. USIG - 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 1.33% |
Correlation
The correlation between SCHJ and USIG is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.81 |
The correlation between SCHJ and USIG has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
SCHJ vs. USIG — Risk / Return Rank
SCHJ
USIG
SCHJ vs. USIG - 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 Broad USD Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.26 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.17 | +0.91 |
| Martin ratioReturn relative to average drawdown | 12.17 | 7.07 | +5.10 |
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 | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.47 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.11 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.54 | +0.10 |
Drawdowns
SCHJ vs. USIG - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for SCHJ and USIG.
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Drawdown Indicators
| SCHJ | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -22.21% | +8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -2.79% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -6.10% | +4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -9.43% | -21.45% | +12.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.97% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -3.42% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.86% | -0.49% |
Volatility
SCHJ vs. USIG - Volatility Comparison
The current volatility for Schwab 1-5 Year Corporate Bond ETF (SCHJ) is 0.55%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.27%. This indicates that SCHJ experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHJ | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 1.27% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 3.04% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 4.13% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 6.82% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 6.82% | -2.69% |
SCHJ vs. USIG - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is higher than USIG'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. USIG - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 4.50%, less than USIG's 4.74% 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
SCHJ and USIG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USIG has higher volatility (1.27%) compared to SCHJ (0.55%). In terms of maximum drawdown, SCHJ dropped -13.62% vs USIG's -22.21%.
On 5-year performance, SCHJ leads with 2.31% vs 0.72% for USIG. On fees, USIG is cheaper at 0.04% per year. On volatility, SCHJ has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHJ has performed better with a 2.31% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.05% for SCHJ.
USIG has the higher dividend yield at 4.74%, compared with 4.50% for SCHJ.
SCHJ tracks Bloomberg US Corporate (1-5 Y), while USIG tracks ICE BofA US Corporate. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHJ and 0.04% for USIG.
SCHJ currently has the higher Sharpe Ratio (2.42 vs 1.47), 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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