SCHZ vs. BBAG
SCHZ (Schwab U.S. Aggregate Bond ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both exchange-traded funds - SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, SCHZ returned 0.03%/yr vs -0.02%/yr for BBAG. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.
Performance
SCHZ vs. BBAG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SCHZ having a 0.47% return and BBAG slightly lower at 0.46%.
SCHZ
- 1D
- 0.09%
- 1M
- 0.70%
- YTD
- 0.47%
- 6M
- 0.56%
- 1Y
- 4.29%
- 3Y*
- 3.93%
- 5Y*
- 0.03%
- 10Y*
- 1.49%
BBAG
- 1D
- 0.13%
- 1M
- 0.76%
- YTD
- 0.46%
- 6M
- 0.63%
- 1Y
- 4.36%
- 3Y*
- 3.91%
- 5Y*
- -0.02%
- 10Y*
- —
SCHZ vs. BBAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | 0.47% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | 0.72% |
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.46% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 7.31% | 8.31% | 1.03% |
Correlation
The correlation between SCHZ and BBAG is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.94 |
The correlation between SCHZ and BBAG has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
SCHZ vs. BBAG — Risk / Return Rank
SCHZ
BBAG
SCHZ vs. BBAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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 | BBAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.58 | +0.02 |
| Martin ratioReturn relative to average drawdown | 4.59 | 4.42 | +0.17 |
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Drawdowns
SCHZ vs. BBAG - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -18.74%, roughly equal to the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for SCHZ and BBAG.
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Drawdown Indicators
| SCHZ | BBAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -18.73% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.78% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -6.18% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -18.06% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | — | — |
Current DrawdownCurrent decline from peak | -2.30% | -2.56% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -6.20% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.99% | -0.05% |
Volatility
SCHZ vs. BBAG - Volatility Comparison
Schwab U.S. Aggregate Bond ETF (SCHZ) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) have volatilities of 1.15% and 1.13%, 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.
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Volatility by Period
| SCHZ | BBAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.13% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.90% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.89% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 5.93% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 5.79% | -0.37% |
SCHZ vs. BBAG - Expense Ratio Comparison
Both SCHZ and BBAG 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. BBAG - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.11%, less than BBAG's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.35% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% | 0.00% | 0.00% | 0.00% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.11% | 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 0.95, SCHZ and BBAG 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.
SCHZ has higher volatility (1.15%) compared to BBAG (1.13%). In terms of maximum drawdown, SCHZ dropped -18.74% vs BBAG's -18.73%.
On 5-year performance, SCHZ leads with 0.03% vs -0.02% for BBAG. 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 5-year period, SCHZ has performed better with a 0.03% return vs -0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHZ and BBAG have the same expense ratio: 0.03% per year.
BBAG has the higher dividend yield at 4.35%, compared with 4.11% for SCHZ.
SCHZ is categorized as Total Bond Market, while BBAG is Intermediate Core Bond. Both ETFs track Bloomberg US Aggregate Bond Index. They also come from different issuers: Charles Schwab and JPMorgan.
SCHZ currently has the higher Sharpe Ratio (1.15 vs 1.13), 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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