SCHZ vs. ABNFX

Last updated Jul 14, 2026

SCHZ (Schwab U.S. Aggregate Bond ETF) and ABNFX (American Funds The Bond Fund of America® Class F-2) are both funds - SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while ABNFX is a Intermediate Core Bond fund actively managed by American Funds. SCHZ is passively managed, while ABNFX is actively managed. Over the past 10 years, SCHZ returned 1.37%/yr vs 1.75%/yr for ABNFX. Their correlation of 0.88 suggests significant overlap in exposure. SCHZ charges 0.03%/yr vs 0.34%/yr for ABNFX.

Performance

SCHZ vs. ABNFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Aggregate Bond ETF (SCHZ) and American Funds The Bond Fund of America® Class F-2 (ABNFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHZ achieves a -0.14% return, which is significantly higher than ABNFX's -0.25% return. Over the past 10 years, SCHZ has underperformed ABNFX with an annualized return of 1.37%, while ABNFX has yielded a comparatively higher 1.75% annualized return.

SCHZ

• 1D: -0.31%
• 1M: -0.65%
• 6M: -0.40%
• YTD: -0.14%
• 1Y: 3.63%
• 3Y*: 3.75%
• 5Y*: -0.23%
• 10Y*: 1.37%

ABNFX

• 1D: -0.09%
• 1M: -0.26%
• 6M: -0.25%
• YTD: -0.25%
• 1Y: 3.88%
• 3Y*: 4.17%
• 5Y*: -0.28%
• 10Y*: 1.75%

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

SCHZ vs. ABNFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHZ Schwab U.S. Aggregate Bond ETF	-0.14%	7.24%	1.26%	5.60%	-13.17%	-1.72%	7.46%	8.65%	-0.26%	3.50%
ABNFX American Funds The Bond Fund of America® Class F-2	-0.25%	7.42%	1.42%	4.29%	-13.08%	-0.88%	10.86%	8.08%	0.15%	3.48%

Correlation

The correlation between SCHZ and ABNFX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 14, 2011	0.88

The correlation between SCHZ and ABNFX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

SCHZ vs. ABNFX — Risk / Return Rank

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

SCHZ

SCHZ Risk / Return Rank: 32
SCHZ Sharpe Ratio Rank: 33
SCHZ Sortino Ratio Rank: 32
SCHZ Omega Ratio Rank: 30
SCHZ Calmar Ratio Rank: 33
SCHZ Martin Ratio Rank: 33

ABNFX

ABNFX Risk / Return Rank: 17
ABNFX Sharpe Ratio Rank: 18
ABNFX Sortino Ratio Rank: 18
ABNFX Omega Ratio Rank: 16
ABNFX Calmar Ratio Rank: 18
ABNFX Martin Ratio Rank: 16

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.

SCHZ vs. ABNFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and American Funds The Bond Fund of America® Class F-2 (ABNFX). 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.

	SCHZ	ABNFX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.90	+0.08
Sortino ratio: Return per unit of downside risk	1.44	1.33	+0.11
Omega ratio: Gain probability vs. loss probability	1.17	1.16	+0.01
Calmar ratio: Return relative to maximum drawdown	1.35	1.11	+0.24
Martin ratio: Return relative to average drawdown	3.77	3.03	+0.75

SCHZ vs. ABNFX - Sharpe Ratio Comparison

The current SCHZ Sharpe Ratio is 0.98, which is comparable to the ABNFX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of SCHZ and ABNFX, 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

SCHZ vs. ABNFX - Drawdown Comparison

The maximum SCHZ drawdown since its inception was -18.74%, which is greater than ABNFX's maximum drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for SCHZ and ABNFX.

Drawdown Indicators

	SCHZ	ABNFX	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-17.69%	-1.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-3.09%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-6.12%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.01%	-17.65%	-0.36%
Max Drawdown (10Y) Largest decline over 10 years	-18.74%	-17.69%	-1.05%
Current Drawdown Current decline from peak	-2.89%	-2.35%	-0.54%
Average Drawdown Average peak-to-trough decline	-3.67%	-3.28%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.13%	-0.17%

Volatility

SCHZ vs. ABNFX - Volatility Comparison

Schwab U.S. Aggregate Bond ETF (SCHZ) has a higher volatility of 1.25% compared to American Funds The Bond Fund of America® Class F-2 (ABNFX) at 1.11%. This indicates that SCHZ's price experiences larger fluctuations and is considered to be riskier than ABNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHZ	ABNFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.11%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	2.98%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	3.83%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.10%	5.97%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.42%	4.90%	+0.52%

SCHZ vs. ABNFX - Expense Ratio Comparison

SCHZ has a 0.03% expense ratio, which is lower than ABNFX's 0.34% expense ratio.

Dividends

SCHZ vs. ABNFX - Dividend Comparison

SCHZ's dividend yield for the trailing twelve months is around 4.17%, less than ABNFX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABNFX American Funds The Bond Fund of America® Class F-2	4.41%	4.37%	4.55%	3.19%	2.37%	2.07%	5.15%	3.72%	2.65%	2.10%	2.31%	2.24%
SCHZ Schwab U.S. Aggregate Bond ETF	4.17%	4.05%	3.96%	3.28%	2.63%	2.16%	2.43%	2.79%	2.56%	2.40%	2.24%	2.11%

Frequently Asked Questions

Can I hold both SCHZ and ABNFX in my portfolio?

SCHZ and ABNFX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHZ or ABNFX?

SCHZ has higher volatility (1.25%) compared to ABNFX (1.11%). In terms of maximum drawdown, SCHZ dropped -18.74% vs ABNFX's -17.69%.

Which has better risk-adjusted returns?

SCHZ currently has the higher Sharpe Ratio (0.98 vs 0.90), 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.