SCHZ vs. BNDX
SCHZ (Schwab U.S. Aggregate Bond ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 10 years, SCHZ returned 1.48%/yr vs 1.72%/yr for BNDX. A 0.71 correlation means they provide meaningful diversification when combined. SCHZ charges 0.03%/yr vs 0.07%/yr for BNDX.
Performance
SCHZ vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, SCHZ achieves a 0.38% return, which is significantly lower than BNDX's 1.04% return. Over the past 10 years, SCHZ has underperformed BNDX with an annualized return of 1.48%, while BNDX has yielded a comparatively higher 1.72% annualized return.
SCHZ
- 1D
- -0.26%
- 1M
- 0.61%
- YTD
- 0.38%
- 6M
- 0.47%
- 1Y
- 4.52%
- 3Y*
- 3.90%
- 5Y*
- 0.02%
- 10Y*
- 1.48%
BNDX
- 1D
- -0.17%
- 1M
- 0.67%
- YTD
- 1.04%
- 6M
- 1.23%
- 1Y
- 2.08%
- 3Y*
- 4.14%
- 5Y*
- 0.42%
- 10Y*
- 1.72%
SCHZ vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | 0.38% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
BNDX Vanguard Total International Bond ETF | 1.04% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between SCHZ and BNDX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.71 |
The correlation between SCHZ and BNDX shifts across timeframes, from 0.71 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHZ vs. BNDX — Risk / Return Rank
SCHZ
BNDX
SCHZ vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and Vanguard Total International Bond ETF (BNDX). 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 | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.11 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.71 | +0.97 |
| Martin ratioReturn relative to average drawdown | 4.86 | 1.97 | +2.89 |
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Drawdowns
SCHZ vs. BNDX - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -18.74%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for SCHZ and BNDX.
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Drawdown Indicators
| SCHZ | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -16.23% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.93% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -2.93% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -15.86% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -16.23% | -2.51% |
Current DrawdownCurrent decline from peak | -2.38% | -1.00% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -3.10% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.06% | -0.13% |
Volatility
SCHZ vs. BNDX - Volatility Comparison
Schwab U.S. Aggregate Bond ETF (SCHZ) has a higher volatility of 1.15% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that SCHZ's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHZ | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.96% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.97% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.46% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 4.89% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 4.10% | +1.32% |
SCHZ vs. BNDX - Expense Ratio Comparison
SCHZ has a 0.03% expense ratio, which is lower than BNDX's 0.07% 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%.
Dividends
SCHZ vs. BNDX - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.12%, less than BNDX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
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
SCHZ and BNDX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHZ has higher volatility (1.15%) compared to BNDX (0.96%). In terms of maximum drawdown, SCHZ dropped -18.74% vs BNDX's -16.23%.
On 10-year performance, BNDX leads with 1.72% vs 1.48% for SCHZ. On fees, SCHZ is cheaper at 0.03% per year. On volatility, BNDX has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BNDX has performed better with a 1.72% return vs 1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHZ is cheaper with a 0.03% expense ratio, compared with 0.07% for BNDX.
BNDX has the higher dividend yield at 4.47%, compared with 4.12% for SCHZ.
SCHZ is categorized as Total Bond Market, while BNDX is Global Bonds. SCHZ tracks Bloomberg US Aggregate Bond Index, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.03% for SCHZ and 0.07% for BNDX.
SCHZ currently has the higher Sharpe Ratio (1.21 vs 0.61), 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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