SCHV vs. BIV
SCHV (Schwab U.S. Large-Cap Value ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both exchange-traded funds - SCHV is a Large Cap Value Equities fund tracking the Dow Jones U.S. Large-Cap Value Total Stock Market Index, while BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Both are passively managed. Over the past 10 years, SCHV returned 11.38%/yr vs 1.83%/yr for BIV. At a correlation of -0.14, they often move in opposite directions. SCHV charges 0.04%/yr vs 0.03%/yr for BIV.
Performance
SCHV vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHV achieves a 14.24% return, which is significantly higher than BIV's -0.67% return. Over the past 10 years, SCHV has outperformed BIV with an annualized return of 11.38%, while BIV has yielded a comparatively lower 1.83% annualized return.
SCHV
- 1D
- 0.45%
- 1M
- 3.06%
- YTD
- 14.24%
- 6M
- 15.31%
- 1Y
- 26.78%
- 3Y*
- 18.05%
- 5Y*
- 10.33%
- 10Y*
- 11.38%
BIV
- 1D
- -0.05%
- 1M
- -0.94%
- YTD
- -0.67%
- 6M
- -0.33%
- 1Y
- 4.70%
- 3Y*
- 4.27%
- 5Y*
- 0.08%
- 10Y*
- 1.83%
SCHV vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHV Schwab U.S. Large-Cap Value ETF | 14.24% | 16.02% | 14.13% | 8.93% | -7.65% | 25.58% | 2.64% | 25.92% | -7.30% | 16.56% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.67% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Correlation
The correlation between SCHV and BIV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2009 | -0.14 |
The correlation between SCHV and BIV shifts across timeframes, from -0.14 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHV vs. BIV — Risk / Return Rank
SCHV
BIV
SCHV vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| SCHV | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.21 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 1.49 | +2.45 |
| Martin ratioReturn relative to average drawdown | 15.87 | 4.40 | +11.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHV | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 1.18 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.01 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.33 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.64 | +0.07 |
Drawdowns
SCHV vs. BIV - Drawdown Comparison
The maximum SCHV drawdown since its inception was -37.08%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for SCHV and BIV.
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Drawdown Indicators
| SCHV | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -18.95% | -18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -3.18% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -6.07% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -18.74% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -37.08% | -18.95% | -18.13% |
Current DrawdownCurrent decline from peak | -1.49% | -2.46% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.39% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.07% | +0.62% |
Volatility
SCHV vs. BIV - Volatility Comparison
Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 3.33% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.35%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHV | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.35% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 2.93% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.80% | 4.00% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 6.40% | +8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 5.51% | +11.44% |
SCHV vs. BIV - Expense Ratio Comparison
SCHV has a 0.04% expense ratio, which is higher than BIV'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
SCHV vs. BIV - Dividend Comparison
SCHV's dividend yield for the trailing twelve months is around 1.78%, less than BIV's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.24% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
SCHV Schwab U.S. Large-Cap Value ETF | 1.78% | 2.02% | 2.25% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 2.65% | 2.69% |
Frequently Asked Questions
SCHV and BIV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHV has higher volatility (3.33%) compared to BIV (1.35%). In terms of maximum drawdown, SCHV dropped -37.08% vs BIV's -18.95%.
On 10-year performance, SCHV leads with 11.38% vs 1.83% for BIV. On fees, BIV is cheaper at 0.03% per year. On volatility, BIV has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHV has performed better with a 11.38% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.04% for SCHV.
BIV has the higher dividend yield at 4.24%, compared with 1.78% for SCHV.
SCHV is categorized as Large Cap Value Equities, while BIV is Intermediate Core Bond. SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, while BIV tracks Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.04% for SCHV and 0.03% for BIV.
SCHV currently has the higher Sharpe Ratio (2.50 vs 1.18), 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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