SCHY vs. VTEB
SCHY (Schwab International Dividend Equity ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both exchange-traded funds - SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index, while VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 5 years, SCHY returned 8.28%/yr vs 0.80%/yr for VTEB. At a 0.26 correlation, their price movements are largely independent. SCHY charges 0.08%/yr vs 0.03%/yr for VTEB.
Performance
SCHY vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, SCHY achieves a 10.44% return, which is significantly higher than VTEB's 1.44% return.
SCHY
- 1D
- 0.24%
- 1M
- 1.24%
- YTD
- 10.44%
- 6M
- 11.90%
- 1Y
- 22.29%
- 3Y*
- 15.61%
- 5Y*
- 8.28%
- 10Y*
- —
VTEB
- 1D
- -0.08%
- 1M
- 0.68%
- YTD
- 1.44%
- 6M
- 1.95%
- 1Y
- 6.33%
- 3Y*
- 3.44%
- 5Y*
- 0.80%
- 10Y*
- 2.03%
SCHY vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHY Schwab International Dividend Equity ETF | 10.44% | 33.98% | -1.79% | 14.27% | -9.43% | 3.42% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.44% | 3.72% | 1.31% | 6.15% | -7.99% | 0.80% |
Correlation
The correlation between SCHY and VTEB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021 | 0.26 |
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Return for Risk
SCHY vs. VTEB — Risk / Return Rank
SCHY
VTEB
SCHY vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Dividend Equity ETF (SCHY) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.35 | +0.11 |
| Martin ratioReturn relative to average drawdown | 7.63 | 8.30 | -0.67 |
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Drawdowns
SCHY vs. VTEB - Drawdown Comparison
The maximum SCHY drawdown since its inception was -24.04%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for SCHY and VTEB.
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Drawdown Indicators
| SCHY | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.04% | -17.00% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -2.71% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -5.53% | -6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | -12.64% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -2.94% | -0.54% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -2.32% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 0.77% | +2.18% |
Volatility
SCHY vs. VTEB - Volatility Comparison
Schwab International Dividend Equity ETF (SCHY) has a higher volatility of 3.37% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.93%. This indicates that SCHY's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHY | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 0.93% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 2.04% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 2.70% | +9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 3.90% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 5.26% | +7.97% |
SCHY vs. VTEB - Expense Ratio Comparison
SCHY has a 0.08% expense ratio, which is higher than VTEB'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
SCHY vs. VTEB - Dividend Comparison
SCHY's dividend yield for the trailing twelve months is around 3.36%, which matches VTEB's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHY Schwab International Dividend Equity ETF | 3.36% | 3.55% | 4.64% | 3.97% | 3.67% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
SCHY and VTEB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHY has higher volatility (3.37%) compared to VTEB (0.93%). In terms of maximum drawdown, SCHY dropped -24.04% vs VTEB's -17.00%.
On 5-year performance, SCHY leads with 8.28% vs 0.80% for VTEB. On fees, VTEB is cheaper at 0.03% per year. On volatility, VTEB has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHY has performed better with a 8.28% return vs 0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.08% for SCHY.
SCHY and VTEB have nearly identical dividend yields, around 3.36%.
SCHY is categorized as Dividend, while VTEB is Municipal Bonds. SCHY tracks Dow Jones International Dividend 100 Index, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.08% for SCHY and 0.03% for VTEB.
VTEB currently has the higher Sharpe Ratio (2.38 vs 1.86), 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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