SCHR vs. BND
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, SCHR returned 1.20%/yr vs 1.60%/yr for BND. Their correlation of 0.91 suggests significant overlap in exposure. SCHR charges 0.05%/yr vs 0.03%/yr for BND.
Performance
SCHR vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.27% return, which is significantly lower than BND's 0.65% return. Over the past 10 years, SCHR has underperformed BND with an annualized return of 1.20%, while BND has yielded a comparatively higher 1.60% annualized return.
SCHR
- 1D
- 0.29%
- 1M
- 0.50%
- YTD
- -0.27%
- 6M
- -0.27%
- 1Y
- 3.21%
- 3Y*
- 3.61%
- 5Y*
- 0.10%
- 10Y*
- 1.20%
BND
- 1D
- 0.27%
- 1M
- 1.01%
- YTD
- 0.65%
- 6M
- 0.69%
- 1Y
- 4.73%
- 3Y*
- 4.05%
- 5Y*
- 0.04%
- 10Y*
- 1.60%
SCHR vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.27% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
BND Vanguard Total Bond Market ETF | 0.65% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between SCHR and BND is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.91 |
The correlation between SCHR and BND has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
SCHR vs. BND — Risk / Return Rank
SCHR
BND
SCHR vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and Vanguard Total Bond Market ETF (BND). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCHR | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.77 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.16 | 5.10 | -1.93 |
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Drawdowns
SCHR vs. BND - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for SCHR and BND.
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Drawdown Indicators
| SCHR | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -18.58% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.68% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -5.92% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -17.91% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -18.58% | +2.47% |
Current DrawdownCurrent decline from peak | -2.21% | -1.99% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -3.06% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.93% | +0.09% |
Volatility
SCHR vs. BND - Volatility Comparison
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.11% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHR | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.14% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.76% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 3.72% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 6.03% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 5.53% | -1.05% |
SCHR vs. BND - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is higher than BND'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
SCHR vs. BND - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.91%, less than BND's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.95% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.91% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
With a correlation of 0.94, SCHR and BND 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.
BND has higher volatility (1.14%) compared to SCHR (1.11%). In terms of maximum drawdown, SCHR dropped -16.11% vs BND's -18.58%.
On 10-year performance, BND leads with 1.60% vs 1.20% for SCHR. On fees, BND is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BND has performed better with a 1.60% return vs 1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.
BND has the higher dividend yield at 3.95%, compared with 3.91% for SCHR.
SCHR is categorized as Government Bonds, while BND is Total Bond Market. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.05% for SCHR and 0.03% for BND.
BND currently has the higher Sharpe Ratio (1.27 vs 0.95), 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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