SCHY vs. VBIL

Last updated Jun 23, 2026

SCHY (Schwab International Dividend Equity ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Both are passively managed. Over the past year, SCHY returned 22.42% vs 3.91% for VBIL. At a correlation of -0.05, they often move in opposite directions. SCHY charges 0.08%/yr vs 0.07%/yr for VBIL.

Performance

SCHY vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Dividend Equity ETF (SCHY) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHY achieves a 7.54% return, which is significantly higher than VBIL's 1.70% return.

SCHY

• 1D: -0.28%
• 1M: -1.70%
• YTD: 7.54%
• 6M: 8.01%
• 1Y: 22.42%
• 3Y*: 14.92%
• 5Y*: 8.21%
• 10Y*: —

VBIL

• 1D: 0.03%
• 1M: 0.29%
• YTD: 1.70%
• 6M: 1.81%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHY vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
SCHY Schwab International Dividend Equity ETF	7.54%	28.10%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.70%	3.73%

Correlation

The correlation between SCHY and VBIL is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025	-0.05

Return for Risk

SCHY vs. VBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHY

SCHY Risk / Return Rank: 53
SCHY Sharpe Ratio Rank: 58
SCHY Sortino Ratio Rank: 55
SCHY Omega Ratio Rank: 55
SCHY Calmar Ratio Rank: 51
SCHY Martin Ratio Rank: 46

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL Martin Ratio Rank: 100

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.

SCHY vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Dividend Equity ETF (SCHY) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.

	SCHY	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	1.87	18.07	-16.21
Sortino ratio: Return per unit of downside risk	2.56	111.81	-109.25
Omega ratio: Gain probability vs. loss probability	1.33	39.66	-38.33
Calmar ratio: Return relative to maximum drawdown	2.47	296.41	-293.94
Martin ratio: Return relative to average drawdown	7.52	1,809.33	-1,801.81

SCHY vs. VBIL - Sharpe Ratio Comparison

The current SCHY Sharpe Ratio is 1.87, which is lower than the VBIL Sharpe Ratio of 18.07. The chart below compares the historical Sharpe Ratios of SCHY and VBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHY vs. VBIL - Drawdown Comparison

The maximum SCHY drawdown since its inception was -24.04%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for SCHY and VBIL.

Drawdown Indicators

	SCHY	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-24.04%	-0.09%	-23.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-0.01%	-9.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.04%	—	—
Current Drawdown Current decline from peak	-5.49%	0.00%	-5.49%
Average Drawdown Average peak-to-trough decline	-4.96%	-0.00%	-4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	0.00%	+2.99%

Volatility

SCHY vs. VBIL - Volatility Comparison

Schwab International Dividend Equity ETF (SCHY) has a higher volatility of 3.27% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.05%. This indicates that SCHY's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHY	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	0.05%	+3.22%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	0.16%	+9.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	0.22%	+11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	0.30%	+12.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	0.30%	+12.93%

SCHY vs. VBIL - Expense Ratio Comparison

SCHY has a 0.08% expense ratio, which is higher than VBIL's 0.07% 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

SCHY vs. VBIL - Dividend Comparison

SCHY's dividend yield for the trailing twelve months is around 3.45%, less than VBIL's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021
SCHY Schwab International Dividend Equity ETF	3.45%	3.55%	4.64%	3.97%	3.67%	1.73%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCHY and VBIL in my portfolio?

SCHY and VBIL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHY or VBIL?

SCHY has higher volatility (3.27%) compared to VBIL (0.05%). In terms of maximum drawdown, SCHY dropped -24.04% vs VBIL's -0.09%.

Which ETF is better, SCHY or VBIL?

On 1-year performance, SCHY leads with 22.42% vs 3.91% for VBIL. On fees, VBIL is cheaper at 0.07% per year. On volatility, VBIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHY or VBIL?

Over the 1-year period, SCHY has performed better with a 22.42% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHY or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.08% for SCHY.

Which ETF pays a higher dividend yield, SCHY or VBIL?

VBIL has the higher dividend yield at 3.65%, compared with 3.45% for SCHY.

What is the main difference between SCHY and VBIL?

SCHY is categorized as Dividend, while VBIL is Ultrashort Bond. SCHY tracks Dow Jones International Dividend 100 Index, while VBIL tracks Bloomberg US Treasury Bills 0-3 Months Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.08% for SCHY and 0.07% for VBIL.

Which has better risk-adjusted returns?

VBIL currently has the higher Sharpe Ratio (18.07 vs 1.87), 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.