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SCHR vs. BNDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHR vs. BNDD

Last updated Jun 4, 2026

SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and BNDD (Quadratic Deflation ETF) are both Government Bonds funds. SCHR is passively managed, while BNDD is actively managed. Over the past 3 years, SCHR returned 3.41%/yr vs -3.91%/yr for BNDD. At a 0.41 correlation, their price movements are largely independent. SCHR charges 0.05%/yr vs 1.02%/yr for BNDD.

Performance

SCHR vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHR achieves a -0.43% return, which is significantly lower than BNDD's 4.32% return.

SCHR

1D
-0.16%
1M
-0.15%
YTD
-0.43%
6M
-0.59%
1Y
3.55%
3Y*
3.41%
5Y*
0.05%
10Y*
1.23%

BNDD

1D
-0.08%
1M
1.37%
YTD
4.32%
6M
2.24%
1Y
3.39%
3Y*
-3.91%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHR vs. BNDD - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SCHR
Schwab Intermediate-Term U.S. Treasury ETF		-0.43%7.33%1.42%4.27%-10.58%-1.51%
BNDD
Quadratic Deflation ETF		4.32%-8.17%-6.65%4.02%-17.48%5.54%

Correlation

The correlation between SCHR and BNDD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2021

0.41

The correlation between SCHR and BNDD shifts across timeframes, from 0.31 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

SCHR vs. BNDD - Sectors Allocation Comparison

Sectors
SCHR
BNDD

Technology

1.2%

-

Financial Services

0.4%
77.7%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Technology

SCHR
1.2%
BNDD

-

Financial Services

SCHR
0.4%
BNDD
77.7%

Basic Materials

SCHR

-

BNDD

-

Communication Services

SCHR

-

BNDD

-

Consumer Cyclical

SCHR

-

BNDD

-

Consumer Defensive

SCHR

-

BNDD

-

Energy

SCHR

-

BNDD

-

Healthcare

SCHR

-

BNDD

-

Industrials

SCHR

-

BNDD

-

Real Estate

SCHR

-

BNDD

-

Utilities

SCHR

-

BNDD

-

Compare stocks, funds, or ETFs

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Schwab Intermediate-Term U.S. Treasury ETF

Quadratic Deflation ETF

Often compared with SCHR:
SCHR vs. VGITSCHR vs. BNDSCHR vs. SCHQSCHR vs. IEFSCHR vs. SCYBSCHR vs. SPTISCHR vs. SCHB
Often compared with BNDD:
BNDD vs. SPYBNDD vs. BNDBNDD vs. UUPBNDD vs. VGITBNDD vs. VTBNDD vs. TLTBNDD vs. XDTE

Return for Risk

SCHR vs. BNDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHR
SCHR Risk / Return Rank: 2727
Overall Rank
SCHR Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
SCHR Sortino Ratio Rank: 2828
Sortino Ratio Rank
SCHR Omega Ratio Rank: 2626
Omega Ratio Rank
SCHR Calmar Ratio Rank: 2626
Calmar Ratio Rank
SCHR Martin Ratio Rank: 2727
Martin Ratio Rank
BNDD
BNDD Risk / Return Rank: 1414
Overall Rank
BNDD Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
BNDD Sortino Ratio Rank: 1212
Sortino Ratio Rank
BNDD Omega Ratio Rank: 1212
Omega Ratio Rank
BNDD Calmar Ratio Rank: 1616
Calmar Ratio Rank
BNDD Martin Ratio Rank: 1515
Martin Ratio Rank
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.

SCHR vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and Quadratic Deflation ETF (BNDD). 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.

SCHRBNDDDifference
Sharpe ratioReturn per unit of total volatility
1.04
0.32

+0.72

Sortino ratioReturn per unit of downside risk
1.57
0.52

+1.05

Omega ratioGain probability vs. loss probability

1.18

1.06

+0.12

Calmar ratioReturn relative to maximum drawdown

1.27

0.56

+0.72

Martin ratioReturn relative to average drawdown

3.82

1.20

+2.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHR vs. BNDD - Sharpe Ratio Comparison

The current SCHR Sharpe Ratio is 1.04, which is higher than the BNDD Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SCHR and BNDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SCHRBNDDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

0.32

+0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

-0.33

+0.77

Drawdowns

SCHR vs. BNDD - Drawdown Comparison

The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for SCHR and BNDD.

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Drawdown Indicators

SCHRBNDDDifference

Max Drawdown

Largest peak-to-trough decline

-16.11%

-30.87%

+14.76%

Max Drawdown (1Y)

Largest decline over 1 year

-2.79%

-6.09%

+3.30%

Max Drawdown (3Y)

Largest decline over 3 years

-4.35%

-20.75%

+16.40%

Max Drawdown (5Y)

Largest decline over 5 years

-15.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-16.11%

—

—

Current Drawdown

Current decline from peak

-2.37%

-26.51%

+24.14%

Average Drawdown

Average peak-to-trough decline

-3.64%

-19.34%

+15.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.93%

2.83%

-1.90%

Volatility

SCHR vs. BNDD - Volatility Comparison

The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.08%, while Quadratic Deflation ETF (BNDD) has a volatility of 2.21%. This indicates that SCHR experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHRBNDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.08%

2.21%

-1.13%

Volatility (6M)

Calculated over the trailing 6-month period

2.35%

8.11%

-5.76%

Volatility (1Y)

Calculated over the trailing 1-year period

3.43%

10.59%

-7.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.38%

13.38%

-8.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.47%

13.38%

-8.91%

SCHR vs. BNDD - Expense Ratio Comparison

SCHR has a 0.05% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

SCHR vs. BNDD - Dividend Comparison

SCHR's dividend yield for the trailing twelve months is around 3.92%, more than BNDD's 3.61% yield.

PositionTTM20252024202320222021202020192018201720162015
BNDD
Quadratic Deflation ETF		3.61%3.82%3.85%4.30%43.17%1.04%0.00%0.00%0.00%0.00%0.00%0.00%
SCHR
Schwab Intermediate-Term U.S. Treasury ETF		3.92%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

SCHR and BNDD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BNDD has higher volatility (2.21%) compared to SCHR (1.08%). In terms of maximum drawdown, SCHR dropped -16.11% vs BNDD's -30.87%.

On 3-year performance, SCHR leads with 3.41% vs -3.91% for BNDD. On fees, SCHR is cheaper at 0.05% per year. On volatility, SCHR has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, SCHR has performed better with a 3.41% return vs -3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHR is cheaper with a 0.05% expense ratio, compared with 1.02% for BNDD.

SCHR has the higher dividend yield at 3.92%, compared with 3.61% for BNDD.

They also come from different issuers: Charles Schwab and KraneShares. Their fees differ too: 0.05% for SCHR and 1.02% for BNDD.

SCHR currently has the higher Sharpe Ratio (1.04 vs 0.32), 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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