SCHR vs. SCYB
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and SCYB (Schwab High Yield Bond ETF) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past year, SCHR returned 2.88% vs 6.69% for SCYB. A 0.54 correlation means they provide meaningful diversification when combined. SCHR charges 0.05%/yr vs 0.03%/yr for SCYB.
Performance
SCHR vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.51% return, which is significantly lower than SCYB's 1.92% return.
SCHR
- 1D
- -0.24%
- 1M
- 0.25%
- YTD
- -0.51%
- 6M
- -0.40%
- 1Y
- 2.88%
- 3Y*
- 3.50%
- 5Y*
- 0.07%
- 10Y*
- 1.13%
SCYB
- 1D
- -0.04%
- 1M
- 0.50%
- YTD
- 1.92%
- 6M
- 2.07%
- 1Y
- 6.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHR vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.51% | 7.33% | 1.42% | 3.56% |
SCYB Schwab High Yield Bond ETF | 1.92% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between SCHR and SCYB is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.54 |
The correlation between SCHR and SCYB has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
SCHR vs. SCYB — Risk / Return Rank
SCHR
SCYB
SCHR vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and Schwab High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.75 | -1.72 |
| Martin ratioReturn relative to average drawdown | 2.81 | 12.23 | -9.42 |
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Drawdowns
SCHR vs. SCYB - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for SCHR and SCYB.
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Drawdown Indicators
| SCHR | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -4.92% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.44% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -0.15% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -0.51% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.55% | +0.48% |
Volatility
SCHR vs. SCYB - Volatility Comparison
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) has a higher volatility of 1.06% compared to Schwab High Yield Bond ETF (SCYB) at 1.00%. This indicates that SCHR's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHR | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.00% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 3.02% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.79% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 5.12% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 5.12% | -0.64% |
SCHR vs. SCYB - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is higher than SCYB'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. SCYB - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.92%, less than SCYB's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCYB Schwab High Yield Bond ETF | 6.91% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCHR and SCYB have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHR has higher volatility (1.06%) compared to SCYB (1.00%). In terms of maximum drawdown, SCHR dropped -16.11% vs SCYB's -4.92%.
On 1-year performance, SCYB leads with 6.69% vs 2.88% for SCHR. On fees, SCYB 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 1-year period, SCYB has performed better with a 6.69% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.
SCYB has the higher dividend yield at 6.91%, compared with 3.92% for SCHR.
SCHR is categorized as Government Bonds, while SCYB is High Yield Bonds. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. Their fees differ too: 0.05% for SCHR and 0.03% for SCYB.
SCYB currently has the higher Sharpe Ratio (1.77 vs 0.84), 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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