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SCHR vs. ISCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHR vs. ISCB

Last updated Jun 13, 2026

SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and ISCB (iShares Morningstar Small-Cap ETF) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while ISCB is a Small Cap Blend Equities fund tracking the Morningstar US Small Cap Extended Index. Both are passively managed. Over the past 10 years, SCHR returned 1.19%/yr vs 9.71%/yr for ISCB. At a correlation of -0.19, they often move in opposite directions. SCHR charges 0.05%/yr vs 0.04%/yr for ISCB.

Performance

SCHR vs. ISCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and iShares Morningstar Small-Cap ETF (ISCB). 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 -0.27% return, which is significantly lower than ISCB's 13.51% return. Over the past 10 years, SCHR has underperformed ISCB with an annualized return of 1.19%, while ISCB has yielded a comparatively higher 9.71% annualized return.

SCHR

1D
-0.12%
1M
0.05%
YTD
-0.27%
6M
0.04%
1Y
3.25%
3Y*
3.71%
5Y*
0.02%
10Y*
1.19%

ISCB

1D
0.86%
1M
3.90%
YTD
13.51%
6M
11.70%
1Y
30.13%
3Y*
15.67%
5Y*
5.77%
10Y*
9.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHR vs. ISCB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
ISCB
iShares Morningstar Small-Cap ETF		13.51%12.46%10.90%19.51%-19.04%17.46%6.29%29.42%-13.92%12.95%

Correlation

The correlation between SCHR and ISCB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

-0.09

Correlation (All Time)
Calculated using the full available price history since Aug 5, 2010

-0.19

The correlation between SCHR and ISCB shifts across timeframes, from -0.19 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

SCHR vs. ISCB - Sectors Allocation Comparison

Sectors
SCHR
ISCB

Technology

1.2%
14.6%

Financial Services

0.4%
15.9%

Basic Materials

-

4.6%

Communication Services

-

2.6%

Consumer Cyclical

-

11.8%

Consumer Defensive

-

3.4%

Energy

-

4.9%

Healthcare

-

13.3%

Industrials

-

18.5%

Real Estate

-

8.2%

Utilities

-

2.3%

Technology

SCHR
1.2%
ISCB
14.6%

Financial Services

SCHR
0.4%
ISCB
15.9%

Basic Materials

SCHR

-

ISCB
4.6%

Communication Services

SCHR

-

ISCB
2.6%

Consumer Cyclical

SCHR

-

ISCB
11.8%

Consumer Defensive

SCHR

-

ISCB
3.4%

Energy

SCHR

-

ISCB
4.9%

Healthcare

SCHR

-

ISCB
13.3%

Industrials

SCHR

-

ISCB
18.5%

Real Estate

SCHR

-

ISCB
8.2%

Utilities

SCHR

-

ISCB
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Intermediate-Term U.S. Treasury ETF

iShares Morningstar Small-Cap ETF

Often compared with SCHR:
SCHR vs. VGITSCHR vs. BNDSCHR vs. SCHQSCHR vs. IEFSCHR vs. SCYBSCHR vs. SPTISCHR vs. SCHB
Often compared with ISCB:
ISCB vs. VBISCB vs. ISCGISCB vs. IJRISCB vs. SPSMISCB vs. IMCBISCB vs. IWMISCB vs. SCHA

Return for Risk

SCHR vs. ISCB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHR
SCHR Risk / Return Rank: 2929
Overall Rank
SCHR Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
SCHR Sortino Ratio Rank: 3131
Sortino Ratio Rank
SCHR Omega Ratio Rank: 2727
Omega Ratio Rank
SCHR Calmar Ratio Rank: 2727
Calmar Ratio Rank
SCHR Martin Ratio Rank: 2727
Martin Ratio Rank
ISCB
ISCB Risk / Return Rank: 6565
Overall Rank
ISCB Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
ISCB Sortino Ratio Rank: 6464
Sortino Ratio Rank
ISCB Omega Ratio Rank: 5757
Omega Ratio Rank
ISCB Calmar Ratio Rank: 7272
Calmar Ratio Rank
ISCB Martin Ratio Rank: 7171
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. ISCB - 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 Small-Cap ETF (ISCB). 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.

SCHRISCBDifference
Sharpe ratioReturn per unit of total volatility
0.97
1.81

-0.84

Sortino ratioReturn per unit of downside risk
1.48
2.59

-1.10

Omega ratioGain probability vs. loss probability

1.17

1.31

-0.14

Calmar ratioReturn relative to maximum drawdown

1.17

3.22

-2.05

Martin ratioReturn relative to average drawdown

3.29

11.52

-8.23

SCHR vs. ISCB - Sharpe Ratio Comparison

The current SCHR Sharpe Ratio is 0.97, which is lower than the ISCB Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of SCHR and ISCB, 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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Drawdowns

SCHR vs. ISCB - Drawdown Comparison

The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum ISCB drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for SCHR and ISCB.

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Drawdown Indicators

SCHRISCBDifference

Max Drawdown

Largest peak-to-trough decline

-16.11%

-61.25%

+45.14%

Max Drawdown (1Y)

Largest decline over 1 year

-2.79%

-9.39%

+6.60%

Max Drawdown (3Y)

Largest decline over 3 years

-4.35%

-26.22%

+21.87%

Max Drawdown (5Y)

Largest decline over 5 years

-15.07%

-29.94%

+14.87%

Max Drawdown (10Y)

Largest decline over 10 years

-16.11%

-44.18%

+28.07%

Current Drawdown

Current decline from peak

-2.21%

0.00%

-2.21%

Average Drawdown

Average peak-to-trough decline

-3.64%

-9.79%

+6.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.99%

2.63%

-1.64%

Volatility

SCHR vs. ISCB - Volatility Comparison

The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.11%, while iShares Morningstar Small-Cap ETF (ISCB) has a volatility of 5.06%. This indicates that SCHR experiences smaller price fluctuations and is considered to be less risky than ISCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHRISCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.11%

5.06%

-3.95%

Volatility (6M)

Calculated over the trailing 6-month period

2.40%

11.80%

-9.40%

Volatility (1Y)

Calculated over the trailing 1-year period

3.38%

16.76%

-13.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.38%

21.43%

-16.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.47%

22.70%

-18.23%

SCHR vs. ISCB - Expense Ratio Comparison

SCHR has a 0.05% expense ratio, which is higher than ISCB'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. ISCB - Dividend Comparison

SCHR's dividend yield for the trailing twelve months is around 3.91%, more than ISCB's 1.24% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCB
iShares Morningstar Small-Cap ETF		1.24%1.38%1.31%1.49%1.63%1.26%1.26%1.25%1.60%1.24%1.58%1.40%
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 ISCB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ISCB has higher volatility (5.06%) compared to SCHR (1.11%). In terms of maximum drawdown, SCHR dropped -16.11% vs ISCB's -61.25%.

On 10-year performance, ISCB leads with 9.71% vs 1.19% for SCHR. On fees, ISCB 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, ISCB has performed better with a 9.71% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCB 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 1.24% for ISCB.

SCHR is categorized as Government Bonds, while ISCB is Small Cap Blend Equities. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while ISCB tracks Morningstar US Small Cap Extended Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHR and 0.04% for ISCB.

ISCB currently has the higher Sharpe Ratio (1.81 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.

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