SCHZ vs. SPAB
Compare and contrast key facts about Schwab U.S. Aggregate Bond ETF (SCHZ) and SPDR Portfolio Aggregate Bond ETF (SPAB).
SCHZ and SPAB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007. Both SCHZ and SPAB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHZ or SPAB.
Correlation
The correlation between SCHZ and SPAB is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHZ vs. SPAB - Performance Comparison
Key characteristics
SCHZ:
1.01
SPAB:
0.84
SCHZ:
1.51
SPAB:
1.22
SCHZ:
1.18
SPAB:
1.15
SCHZ:
0.59
SPAB:
0.33
SCHZ:
2.54
SPAB:
2.07
SCHZ:
2.11%
SPAB:
2.12%
SCHZ:
5.32%
SPAB:
5.26%
SCHZ:
-16.69%
SPAB:
-18.56%
SCHZ:
-3.14%
SPAB:
-8.12%
Returns By Period
The year-to-date returns for both stocks are quite close, with SCHZ having a 1.13% return and SPAB slightly lower at 1.11%. Over the past 10 years, SCHZ has outperformed SPAB with an annualized return of 2.55%, while SPAB has yielded a comparatively lower 1.30% annualized return.
SCHZ
1.13%
0.73%
-0.84%
5.58%
0.58%
2.55%
SPAB
1.11%
0.67%
-0.91%
4.52%
-0.67%
1.30%
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SCHZ vs. SPAB - Expense Ratio Comparison
SCHZ has a 0.04% expense ratio, which is higher than SPAB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SCHZ vs. SPAB — Risk-Adjusted Performance Rank
SCHZ
SPAB
SCHZ vs. SPAB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and SPDR Portfolio Aggregate Bond ETF (SPAB). 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.
Dividends
SCHZ vs. SPAB - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.95%, more than SPAB's 3.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | 4.95% | 4.94% | 5.52% | 3.72% | 3.23% | 3.67% | 4.41% | 3.97% | 3.81% | 2.82% | 2.97% | 3.05% |
SPAB SPDR Portfolio Aggregate Bond ETF | 3.87% | 3.86% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.61% | 2.43% |
Drawdowns
SCHZ vs. SPAB - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -16.69%, smaller than the maximum SPAB drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for SCHZ and SPAB. For additional features, visit the drawdowns tool.
Volatility
SCHZ vs. SPAB - Volatility Comparison
The current volatility for Schwab U.S. Aggregate Bond ETF (SCHZ) is 1.29%, while SPDR Portfolio Aggregate Bond ETF (SPAB) has a volatility of 1.40%. This indicates that SCHZ experiences smaller price fluctuations and is considered to be less risky than SPAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.