SCHZ vs. AGG
Compare and contrast key facts about Schwab U.S. Aggregate Bond ETF (SCHZ) and iShares Core U.S. Aggregate Bond ETF (AGG).
SCHZ and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both SCHZ and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHZ or AGG.
Key characteristics
| SCHZ | AGG | |
|---|---|---|
| YTD Return | 3.44% | 1.78% |
| 1Y Return | 8.83% | 6.87% |
| 3Y Return (Ann) | -0.52% | -2.07% |
| 5Y Return (Ann) | 1.48% | -0.18% |
| 10Y Return (Ann) | 2.85% | 1.45% |
| Sharpe Ratio | 1.58 | 1.29 |
| Sortino Ratio | 2.36 | 1.88 |
| Omega Ratio | 1.28 | 1.23 |
| Calmar Ratio | 0.84 | 0.52 |
| Martin Ratio | 6.22 | 4.35 |
| Ulcer Index | 1.52% | 1.71% |
| Daily Std Dev | 5.98% | 5.79% |
| Max Drawdown | -16.93% | -18.43% |
| Current Drawdown | -3.46% | -8.52% |
Correlation
The correlation between SCHZ and AGG is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHZ vs. AGG - Performance Comparison
In the year-to-date period, SCHZ achieves a 3.44% return, which is significantly higher than AGG's 1.78% return. Over the past 10 years, SCHZ has outperformed AGG with an annualized return of 2.85%, while AGG has yielded a comparatively lower 1.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHZ vs. AGG - Expense Ratio Comparison
SCHZ has a 0.04% expense ratio, which is lower than AGG's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SCHZ vs. AGG - Risk-Adjusted Performance 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.
Dividends
SCHZ vs. AGG - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 5.85%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | 5.85% | 3.85% | 3.73% | 3.61% | 4.05% | 4.67% | 4.44% | 3.81% | 3.37% | 2.81% | 3.06% | 3.06% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
SCHZ vs. AGG - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -16.93%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SCHZ and AGG. For additional features, visit the drawdowns tool.
Volatility
SCHZ vs. AGG - Volatility Comparison
Schwab U.S. Aggregate Bond ETF (SCHZ) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.59% and 1.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.