SCHJ vs. VOO

Last updated Jun 4, 2026

SCHJ (Schwab 1-5 Year Corporate Bond ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - SCHJ is a Corporate Bonds fund tracking the Bloomberg US Corporate (1-5 Y), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SCHJ returned 2.31%/yr vs 13.90%/yr for VOO. At a 0.24 correlation, their price movements are largely independent. SCHJ charges 0.05%/yr vs 0.03%/yr for VOO.

Performance

SCHJ vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1-5 Year Corporate Bond ETF (SCHJ) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHJ achieves a 0.56% return, which is significantly lower than VOO's 10.91% return.

SCHJ

• 1D: -0.08%
• 1M: 0.13%
• YTD: 0.56%
• 6M: 0.86%
• 1Y: 4.52%
• 3Y*: 5.49%
• 5Y*: 2.31%
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHJ vs. VOO - 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%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	10.36%

Correlation

The correlation between SCHJ and VOO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.24

SCHJ vs. VOO - Sectors Allocation Comparison

Sectors	SCHJ	VOO
Financial Services	30.8%	11.6%
Technology	8.3%	35.7%
Healthcare	7.9%	8.5%
Industrials	7.2%	8.3%
Consumer Cyclical	6.8%	10.2%
Utilities	6.4%	2.4%
Consumer Defensive	4.6%	4.9%
Communication Services	4.3%	11.3%
Real Estate	4.1%	1.9%
Energy	4.0%	3.5%
Basic Materials	1.4%	1.8%

Return for Risk

SCHJ vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHJ

SCHJ Risk / Return Rank: 72
SCHJ Sharpe Ratio Rank: 73
SCHJ Sortino Ratio Rank: 83
SCHJ Omega Ratio Rank: 79
SCHJ Calmar Ratio Rank: 61
SCHJ Martin Ratio Rank: 66

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHJ vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.39	+0.04
Sortino ratio: Return per unit of downside risk	3.78	3.25	+0.52
Omega ratio: Gain probability vs. loss probability	1.48	1.43	+0.04
Calmar ratio: Return relative to maximum drawdown	3.08	3.16	-0.09
Martin ratio: Return relative to average drawdown	12.17	14.73	-2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHJ vs. VOO - Sharpe Ratio Comparison

The current SCHJ Sharpe Ratio is 2.42, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SCHJ and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHJ	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.39	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.83	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.89	-0.25

Drawdowns

SCHJ vs. VOO - Drawdown Comparison

The maximum SCHJ drawdown since its inception was -13.62%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SCHJ and VOO.

Drawdown Indicators

	SCHJ	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-13.62%	-33.99%	+20.37%
Max Drawdown (1Y) Largest decline over 1 year	-1.47%	-8.90%	+7.43%
Max Drawdown (3Y) Largest decline over 3 years	-1.47%	-18.69%	+17.22%
Max Drawdown (5Y) Largest decline over 5 years	-9.43%	-24.52%	+15.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.45%	-0.70%	+0.25%
Average Drawdown Average peak-to-trough decline	-1.88%	-3.69%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	1.91%	-1.54%

Volatility

SCHJ vs. VOO - Volatility Comparison

The current volatility for Schwab 1-5 Year Corporate Bond ETF (SCHJ) is 0.55%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.84%. This indicates that SCHJ experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHJ	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	2.84%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	1.35%	8.90%	-7.55%
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	11.80%	-9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	16.81%	-13.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.13%	18.01%	-13.88%

SCHJ vs. VOO - Expense Ratio Comparison

SCHJ has a 0.05% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison

SCHJ's dividend yield for the trailing twelve months is around 4.50%, more than VOO's 1.03% 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%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both SCHJ and VOO in my portfolio?

SCHJ and VOO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHJ or VOO?

VOO has higher volatility (2.84%) compared to SCHJ (0.55%). In terms of maximum drawdown, SCHJ dropped -13.62% vs VOO's -33.99%.

Which ETF is better, SCHJ or VOO?

On 5-year performance, VOO leads with 13.90% vs 2.31% for SCHJ. On fees, VOO is cheaper at 0.03% 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.

Which ETF has performed better, SCHJ or VOO?

Over the 5-year period, VOO has performed better with a 13.90% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHJ or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHJ.

Which ETF pays a higher dividend yield, SCHJ or VOO?

SCHJ has the higher dividend yield at 4.50%, compared with 1.03% for VOO.

What is the main difference between SCHJ and VOO?

SCHJ is categorized as Corporate Bonds, while VOO is S&P 500. SCHJ tracks Bloomberg US Corporate (1-5 Y), while VOO tracks S&P 500 Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.05% for SCHJ and 0.03% for VOO.

Which has better risk-adjusted returns?

SCHJ currently has the higher Sharpe Ratio (2.42 vs 2.39), 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.