SCHZ vs. SCHY
SCHZ (Schwab U.S. Aggregate Bond ETF) and SCHY (Schwab International Dividend Equity ETF) are both exchange-traded funds - SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index (Net). Both are passively managed. Over the past 5 years, SCHZ returned -0.43%/yr vs 9.14%/yr for SCHY. Their 0.29 correlation means their historical movements had little consistent relationship. SCHZ charges 0.03%/yr vs 0.08%/yr for SCHY.
Performance
SCHZ vs. SCHY - Performance Comparison
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Returns By Period
In the year-to-date period, SCHZ achieves a -0.58% return, which is significantly lower than SCHY's 13.81% 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%
SCHY
- 1D
- -0.48%
- 1M
- 4.02%
- 6M
- 7.91%
- YTD
- 13.81%
- 1Y
- 28.39%
- 3Y*
- 15.88%
- 5Y*
- 9.14%
- 10Y*
- —
- ALL TIME*
- 9.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.81M | $25.09M | $19.24M | |
| $38.45M | $39.28M | $43.87M |
SCHZ vs. SCHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | -0.58% | 7.24% | 1.26% | 5.60% | -13.17% | 0.99% |
SCHY Schwab International Dividend Equity ETF | 13.81% | 33.98% | -1.79% | 14.27% | -9.43% | 3.42% |
Correlation
The correlation between SCHZ and SCHY is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021 | 0.29 |
The correlation between SCHZ and SCHY shifts across timeframes, from 0.29 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHZ vs. SCHY — Risk / Return Rank
SCHZ
SCHY
SCHZ vs. SCHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and Schwab International Dividend Equity ETF (SCHY). 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 | SCHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 3.15 | -2.17 |
| Martin ratioReturn relative to average drawdown | 2.48 | 8.98 | -6.50 |
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Drawdowns
SCHZ vs. SCHY - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -18.74%, smaller than the maximum SCHY drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for SCHZ and SCHY.
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Drawdown Indicators
| SCHZ | SCHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -24.04% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -9.11% | +6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -12.16% | +7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -24.04% | +6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | — | — |
Current DrawdownCurrent decline from peak | -3.32% | -0.48% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -4.93% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 3.19% | -2.12% |
Volatility
SCHZ vs. SCHY - Volatility Comparison
The current volatility for Schwab U.S. Aggregate Bond ETF (SCHZ) is 0.97%, while Schwab International Dividend Equity ETF (SCHY) has a volatility of 3.10%. This indicates that SCHZ experiences smaller price fluctuations and is considered to be less risky than SCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHZ | SCHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.10% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 10.07% | -7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 12.03% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 13.27% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 13.18% | -7.76% |
SCHZ vs. SCHY - Expense Ratio Comparison
SCHZ has a 0.03% expense ratio, which is lower than SCHY's 0.08% 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. SCHY - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.19%, more than SCHY's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHY Schwab International Dividend Equity ETF | 3.32% | 3.55% | 4.64% | 3.97% | 3.67% | 1.73% | 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
SCHZ and SCHY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHY has higher volatility (3.10%) compared to SCHZ (0.97%). In terms of maximum drawdown, SCHZ dropped -18.74% vs SCHY's -24.04%.
On 5-year performance, SCHY leads with 9.14% vs -0.43% for SCHZ. On fees, SCHZ is cheaper at 0.03% per year. On volatility, SCHZ has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHY has performed better with a 9.14% return vs -0.43%. 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 0.08% for SCHY.
SCHZ has the higher dividend yield at 3.82%, compared with 3.32% for SCHY.
SCHZ is categorized as Total Bond Market, while SCHY is Dividend. SCHZ tracks Bloomberg US Aggregate Bond Index, while SCHY tracks Dow Jones International Dividend 100 Index (Net). Their fees differ too: 0.03% for SCHZ and 0.08% for SCHY.
SCHY currently has the higher Sharpe Ratio (2.39 vs 0.72), 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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