SCHZ vs. AGG
SCHZ (Schwab U.S. Aggregate Bond ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both Total Bond Market funds - SCHZ tracks the Bloomberg US Aggregate Bond Index while AGG tracks the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, SCHZ returned 1.28%/yr vs 1.37%/yr for AGG. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.03% expense ratio.
Performance
SCHZ vs. AGG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SCHZ having a -0.58% return and AGG slightly higher at -0.56%. Over the past 10 years, SCHZ has underperformed AGG with an annualized return of 1.28%, while AGG has yielded a comparatively higher 1.37% annualized return.
SCHZ
- 1D
- -0.31%
- 1M
- -1.26%
- 6M
- -0.92%
- YTD
- -0.58%
- 1Y
- 1.78%
- 3Y*
- 3.90%
- 5Y*
- -0.43%
- 10Y*
- 1.28%
- ALL TIME*
- 2.01%
AGG
- 1D
- -0.26%
- 1M
- -1.26%
- 6M
- -0.81%
- YTD
- -0.56%
- 1Y
- 1.83%
- 3Y*
- 3.95%
- 5Y*
- -0.40%
- 10Y*
- 1.37%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $763.20M | $778.44M | $807.34M | |
| $38.45M | $39.28M | $43.87M |
SCHZ vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | -0.58% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.56% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between SCHZ and AGG is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2011 | 0.93 |
The correlation between SCHZ and AGG has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
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Return for Risk
SCHZ vs. AGG — Risk / Return Rank
SCHZ
AGG
SCHZ vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and iShares Core U.S. Aggregate Bond ETF (AGG). 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 | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.99 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.48 | 2.49 | -0.02 |
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Drawdowns
SCHZ vs. AGG - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -18.74%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SCHZ and AGG.
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Drawdown Indicators
| SCHZ | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -18.43% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.76% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -4.98% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -17.82% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -18.43% | -0.31% |
Current DrawdownCurrent decline from peak | -3.32% | -2.94% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -2.70% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.09% | -0.02% |
Volatility
SCHZ vs. AGG - Volatility Comparison
The current volatility for Schwab U.S. Aggregate Bond ETF (SCHZ) is 0.97%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.03%. This indicates that SCHZ experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHZ | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.03% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 2.98% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.78% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 6.10% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 5.41% | +0.01% |
SCHZ vs. AGG - Expense Ratio Comparison
Both SCHZ and AGG have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SCHZ vs. AGG - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.19%, more than AGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
SCHZ Schwab U.S. Aggregate Bond ETF | 3.82% | 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
With a correlation of 0.98, SCHZ and AGG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AGG has higher volatility (1.03%) compared to SCHZ (0.97%). In terms of maximum drawdown, SCHZ dropped -18.74% vs AGG's -18.43%.
On 10-year performance, AGG leads with 1.37% vs 1.28% for SCHZ. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AGG has performed better with a 1.37% return vs 1.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHZ and AGG have the same expense ratio: 0.03% per year.
SCHZ has the higher dividend yield at 3.82%, compared with 3.71% for AGG.
SCHZ tracks Bloomberg US Aggregate Bond Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Charles Schwab and iShares.
AGG currently has the higher Sharpe Ratio (0.72 vs 0.72), 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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