SCHZ vs. PRRIX

Last updated Jun 4, 2026

SCHZ (Schwab U.S. Aggregate Bond ETF) and PRRIX (PIMCO Real Return Fund) are both funds - SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while PRRIX is a Inflation-Protected Bonds fund managed by PIMCO. Over the past 10 years, SCHZ returned 1.52%/yr vs 2.87%/yr for PRRIX. A 0.72 correlation means they provide meaningful diversification when combined. SCHZ charges 0.03%/yr vs 0.45%/yr for PRRIX.

Performance

SCHZ vs. PRRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Aggregate Bond ETF (SCHZ) and PIMCO Real Return Fund (PRRIX). 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 lower than PRRIX's 1.57% return. Over the past 10 years, SCHZ has underperformed PRRIX with an annualized return of 1.52%, while PRRIX has yielded a comparatively higher 2.87% annualized 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%

PRRIX

• 1D: 0.00%
• 1M: 0.44%
• YTD: 1.57%
• 6M: 1.24%
• 1Y: 6.06%
• 3Y*: 4.70%
• 5Y*: 1.11%
• 10Y*: 2.87%

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

SCHZ vs. PRRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHZ Schwab U.S. Aggregate Bond ETF	0.30%	7.24%	1.26%	5.60%	-13.17%	-1.72%	7.46%	8.65%	-0.26%	3.50%
PRRIX PIMCO Real Return Fund	1.57%	8.19%	2.60%	3.29%	-13.27%	5.70%	12.11%	8.53%	-1.96%	4.22%

Correlation

The correlation between SCHZ and PRRIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 15, 2011	0.72

The correlation between SCHZ and PRRIX shifts across timeframes, from 0.72 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SCHZ vs. PRRIX — 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

PRRIX

PRRIX Risk / Return Rank: 33
PRRIX Sharpe Ratio Rank: 29
PRRIX Sortino Ratio Rank: 33
PRRIX Omega Ratio Rank: 31
PRRIX Calmar Ratio Rank: 36
PRRIX 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. PRRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and PIMCO Real Return Fund (PRRIX). 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	PRRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.53	-0.16
Sortino ratio: Return per unit of downside risk	2.04	2.39	-0.35
Omega ratio: Gain probability vs. loss probability	1.24	1.29	-0.05
Calmar ratio: Return relative to maximum drawdown	1.92	2.26	-0.34
Martin ratio: Return relative to average drawdown	5.87	7.89	-2.02
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. PRRIX - Sharpe Ratio Comparison

The current SCHZ Sharpe Ratio is 1.37, which is comparable to the PRRIX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SCHZ and PRRIX, 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	PRRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.53	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.18	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.51	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.86	-0.42

Drawdowns

SCHZ vs. PRRIX - Drawdown Comparison

The maximum SCHZ drawdown since its inception was -18.74%, roughly equal to the maximum PRRIX drawdown of -19.25%. Use the drawdown chart below to compare losses from any high point for SCHZ and PRRIX.

Drawdown Indicators

	SCHZ	PRRIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-19.25%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-2.66%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-4.51%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-18.01%	-15.76%	-2.25%
Max Drawdown (10Y) Largest decline over 10 years	-18.74%	-15.76%	-2.98%
Current Drawdown Current decline from peak	-2.47%	-0.10%	-2.37%
Average Drawdown Average peak-to-trough decline	-3.68%	-3.17%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.76%	+0.12%

Volatility

SCHZ vs. PRRIX - Volatility Comparison

The current volatility for Schwab U.S. Aggregate Bond ETF (SCHZ) is 1.24%, while PIMCO Real Return Fund (PRRIX) has a volatility of 1.64%. This indicates that SCHZ experiences smaller price fluctuations and is considered to be less risky than PRRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHZ	PRRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.64%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.93%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	3.95%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	6.27%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.41%	5.64%	-0.23%

SCHZ vs. PRRIX - Expense Ratio Comparison

SCHZ has a 0.03% expense ratio, which is lower than PRRIX's 0.45% expense ratio.

Dividends

SCHZ vs. PRRIX - Dividend Comparison

SCHZ's dividend yield for the trailing twelve months is around 4.12%, which matches PRRIX's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRRIX PIMCO Real Return Fund	4.14%	3.92%	3.17%	2.83%	7.38%	5.12%	2.62%	1.91%	2.70%	2.57%	1.10%	0.99%
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 PRRIX in my portfolio?

SCHZ and PRRIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHZ or PRRIX?

PRRIX has higher volatility (1.64%) compared to SCHZ (1.24%). In terms of maximum drawdown, SCHZ dropped -18.74% vs PRRIX's -19.25%.

Which has better risk-adjusted returns?

PRRIX currently has the higher Sharpe Ratio (1.53 vs 1.37), 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.