SCHZ vs. BBAG

Last updated Jun 4, 2026

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 0.07%/yr vs -0.01%/yr for BBAG. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.

Performance

SCHZ vs. BBAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Aggregate Bond ETF (SCHZ) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHZ achieves a 0.30% return, which is significantly higher than BBAG's 0.17% return.

SCHZ

• 1D: -0.17%
• 1M: 0.26%
• YTD: 0.30%
• 6M: 0.15%
• 1Y: 5.16%
• 3Y*: 3.94%
• 5Y*: 0.07%
• 10Y*: 1.52%

BBAG

• 1D: -0.23%
• 1M: 0.21%
• YTD: 0.17%
• 6M: 0.02%
• 1Y: 5.12%
• 3Y*: 3.86%
• 5Y*: -0.01%
• 10Y*: —

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

SCHZ vs. BBAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SCHZ Schwab U.S. Aggregate Bond ETF	0.30%	7.24%	1.26%	5.60%	-13.17%	-1.72%	7.46%	8.65%	0.78%
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.17%	7.27%	1.26%	5.41%	-13.26%	-1.79%	7.31%	8.31%	1.00%

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 17, 2018	0.93

The correlation between SCHZ and BBAG has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

SCHZ vs. BBAG - Sectors Allocation Comparison

Sectors	SCHZ	BBAG
Financial Services	8.3%	6.5%
Technology	3.0%	12.0%
Healthcare	2.3%	2.6%
Utilities	2.1%	2.3%
Communication Services	2.1%	46.6%
Industrials	1.7%	1.6%
Consumer Cyclical	1.4%	1.6%
Energy	1.3%	1.2%
Consumer Defensive	1.1%	1.0%
Real Estate	0.8%	6.8%
Basic Materials	0.4%	0.5%

Return for Risk

SCHZ vs. BBAG — Risk / Return Rank

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

SCHZ

SCHZ Risk / Return Rank: 37
SCHZ Sharpe Ratio Rank: 37
SCHZ Sortino Ratio Rank: 39
SCHZ Omega Ratio Rank: 35
SCHZ Calmar Ratio Rank: 38
SCHZ Martin Ratio Rank: 37

BBAG

BBAG Risk / Return Rank: 37
BBAG Sharpe Ratio Rank: 37
BBAG Sortino Ratio Rank: 38
BBAG Omega Ratio Rank: 35
BBAG Calmar Ratio Rank: 38
BBAG Martin Ratio Rank: 36

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. 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.

	SCHZ	BBAG	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.31	+0.05
Sortino ratio: Return per unit of downside risk	2.04	1.96	+0.08
Omega ratio: Gain probability vs. loss probability	1.24	1.23	+0.01
Calmar ratio: Return relative to maximum drawdown	1.92	1.85	+0.07
Martin ratio: Return relative to average drawdown	5.87	5.54	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHZ vs. BBAG - Sharpe Ratio Comparison

The current SCHZ Sharpe Ratio is 1.37, which is comparable to the BBAG Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of SCHZ and BBAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHZ	BBAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.31	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	-0.00	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.32	+0.12

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.

Drawdown Indicators

	SCHZ	BBAG	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-2.47%	-2.84%	+0.37%
Average Drawdown Average peak-to-trough decline	-3.68%	-6.22%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.93%	-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 1.24% and 1.24%, 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.

Volatility by Period

	SCHZ	BBAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.24%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.82%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	3.92%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	5.93%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.41%	5.80%	-0.39%

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 4.12%, less than BBAG's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.37%	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	4.12%	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 BBAG in my portfolio?

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.

Which is riskier, SCHZ or BBAG?

BBAG has higher volatility (1.24%) compared to SCHZ (1.24%). In terms of maximum drawdown, SCHZ dropped -18.74% vs BBAG's -18.73%.

Which ETF is better, SCHZ or BBAG?

On 5-year performance, SCHZ leads with 0.07% vs -0.01% 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.

Which ETF has performed better, SCHZ or BBAG?

Over the 5-year period, SCHZ has performed better with a 0.07% return vs -0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHZ or BBAG?

SCHZ and BBAG have the same expense ratio: 0.03% per year.

Which ETF pays a higher dividend yield, SCHZ or BBAG?

BBAG has the higher dividend yield at 4.37%, compared with 4.12% for SCHZ.

What is the main difference between SCHZ and BBAG?

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.

Which has better risk-adjusted returns?

SCHZ currently has the higher Sharpe Ratio (1.37 vs 1.31), 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.