SCHR vs. IMCB
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and IMCB (iShares Morningstar Mid-Cap ETF) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while IMCB is a Mid Cap Blend Equities fund tracking the IMCB-US - Morningstar U.S. Mid Cap Index. Both are passively managed. Over the past 10 years, SCHR returned 1.19%/yr vs 11.53%/yr for IMCB. At a correlation of -0.18, they often move in opposite directions. SCHR charges 0.05%/yr vs 0.04%/yr for IMCB.
Performance
SCHR vs. IMCB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHR achieves a -0.27% return, which is significantly lower than IMCB's 15.22% return. Over the past 10 years, SCHR has underperformed IMCB with an annualized return of 1.19%, while IMCB has yielded a comparatively higher 11.53% annualized return.
SCHR
- 1D
- -0.12%
- 1M
- 0.66%
- YTD
- -0.27%
- 6M
- 0.04%
- 1Y
- 3.42%
- 3Y*
- 3.71%
- 5Y*
- 0.02%
- 10Y*
- 1.19%
IMCB
- 1D
- 1.00%
- 1M
- 5.50%
- YTD
- 15.22%
- 6M
- 14.34%
- 1Y
- 24.76%
- 3Y*
- 16.91%
- 5Y*
- 8.79%
- 10Y*
- 11.53%
SCHR vs. IMCB - 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% |
IMCB iShares Morningstar Mid-Cap ETF | 15.22% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 19.70% |
Correlation
The correlation between SCHR and IMCB is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | -0.18 |
The correlation between SCHR and IMCB shifts across timeframes, from -0.18 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHR vs. IMCB — Risk / Return Rank
SCHR
IMCB
SCHR vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and iShares Morningstar Mid-Cap ETF (IMCB). 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 | IMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.92 | -1.75 |
| Martin ratioReturn relative to average drawdown | 3.29 | 11.45 | -8.16 |
Loading charts...
Drawdowns
SCHR vs. IMCB - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for SCHR and IMCB.
Loading charts...
Drawdown Indicators
| SCHR | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -58.80% | +42.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -8.05% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -19.80% | +15.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -25.15% | +10.08% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -40.99% | +24.88% |
Current DrawdownCurrent decline from peak | -2.21% | -0.26% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -7.72% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.05% | -1.06% |
Volatility
SCHR vs. IMCB - Volatility Comparison
The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.11%, while iShares Morningstar Mid-Cap ETF (IMCB) has a volatility of 4.70%. This indicates that SCHR experiences smaller price fluctuations and is considered to be less risky than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHR | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 4.70% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 10.18% | -7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 13.25% | -9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 17.64% | -12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 19.67% | -15.20% |
SCHR vs. IMCB - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is higher than IMCB'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
SCHR vs. IMCB - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.91%, more than IMCB's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.21% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
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
SCHR and IMCB have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMCB has higher volatility (4.70%) compared to SCHR (1.11%). In terms of maximum drawdown, SCHR dropped -16.11% vs IMCB's -58.80%.
On 10-year performance, IMCB leads with 11.53% vs 1.19% for SCHR. On fees, IMCB is cheaper at 0.04% per year. On volatility, SCHR has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IMCB has performed better with a 11.53% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCB is cheaper with a 0.04% expense ratio, compared with 0.05% for SCHR.
SCHR has the higher dividend yield at 3.91%, compared with 1.21% for IMCB.
SCHR is categorized as Government Bonds, while IMCB is Mid Cap Blend Equities. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHR and 0.04% for IMCB.
IMCB currently has the higher Sharpe Ratio (1.77 vs 0.97), 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.
Find the right allocation for SCHR and IMCB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer