SCHZ vs. BTOT
SCHZ (Schwab U.S. Aggregate Bond ETF) and BTOT (iShares Total USD Fixed Income Market ETF) are both Total Bond Market funds - SCHZ tracks the Bloomberg US Aggregate Bond Index while BTOT tracks the Bloomberg US Total Fixed Income Market Index. Both are passively managed. Their correlation of 0.95 means they have usually moved in the same direction. SCHZ charges 0.03%/yr vs 0.09%/yr for BTOT.
Performance
SCHZ vs. BTOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHZ achieves a -0.58% return, which is significantly lower than BTOT's -0.32% 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%
BTOT
- 1D
- -0.23%
- 1M
- -1.14%
- 6M
- -0.56%
- YTD
- -0.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.60K | $46.79K | $74.77K | |
| $38.45M | $39.28M | $43.87M |
SCHZ vs. BTOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | -0.58% | 0.07% |
BTOT iShares Total USD Fixed Income Market ETF | -0.32% | 0.12% |
Correlation
The correlation between SCHZ and BTOT is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.95 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHZ vs. BTOT — Risk / Return Rank
SCHZ
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCHZ vs. BTOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and iShares Total USD Fixed Income Market ETF (BTOT). 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 | BTOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | — | — |
| Martin ratioReturn relative to average drawdown | 2.48 | — | — |
Loading charts...
Drawdowns
SCHZ vs. BTOT - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -18.74%, which is greater than BTOT's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for SCHZ and BTOT.
Loading charts...
Drawdown Indicators
| SCHZ | BTOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -2.36% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | — | — |
Current DrawdownCurrent decline from peak | -3.32% | -1.89% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -0.86% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | — | — |
Volatility
SCHZ vs. BTOT - Volatility Comparison
Loading charts...
Volatility by Period
| SCHZ | BTOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.62% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 3.62% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 3.62% | +1.80% |
SCHZ vs. BTOT - Expense Ratio Comparison
SCHZ has a 0.03% expense ratio, which is lower than BTOT's 0.09% 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. BTOT - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.19%, more than BTOT's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 2.52% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 0.95, SCHZ and BTOT 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.
On fees, SCHZ is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHZ is cheaper with a 0.03% expense ratio, compared with 0.09% for BTOT.
SCHZ has the higher dividend yield at 3.82%, compared with 2.52% for BTOT.
SCHZ tracks Bloomberg US Aggregate Bond Index, while BTOT tracks Bloomberg US Total Fixed Income Market Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHZ and 0.09% for BTOT.
Find the right allocation for SCHZ and BTOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer