SCHZ vs. SPMD
Compare and contrast key facts about Schwab U.S. Aggregate Bond ETF (SCHZ) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
SCHZ and SPMD 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. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. Both SCHZ and SPMD 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 SPMD.
Key characteristics
| SCHZ | SPMD | |
|---|---|---|
| YTD Return | 3.44% | 16.78% |
| 1Y Return | 8.83% | 29.43% |
| 3Y Return (Ann) | -0.52% | 4.97% |
| 5Y Return (Ann) | 1.48% | 11.64% |
| 10Y Return (Ann) | 2.85% | 9.72% |
| Sharpe Ratio | 1.58 | 1.76 |
| Sortino Ratio | 2.36 | 2.52 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 0.84 | 2.63 |
| Martin Ratio | 6.22 | 10.24 |
| Ulcer Index | 1.52% | 2.74% |
| Daily Std Dev | 5.98% | 15.92% |
| Max Drawdown | -16.93% | -57.62% |
| Current Drawdown | -3.46% | -3.53% |
Correlation
The correlation between SCHZ and SPMD is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SCHZ vs. SPMD - Performance Comparison
In the year-to-date period, SCHZ achieves a 3.44% return, which is significantly lower than SPMD's 16.78% return. Over the past 10 years, SCHZ has underperformed SPMD with an annualized return of 2.85%, while SPMD has yielded a comparatively higher 9.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHZ vs. SPMD - Expense Ratio Comparison
SCHZ has a 0.04% expense ratio, which is lower than SPMD's 0.05% 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%.
Risk-Adjusted Performance
SCHZ vs. SPMD - 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 S&P 400 Mid Cap ETF (SPMD). 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. SPMD - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 5.85%, more than SPMD's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | 5.85% | 3.85% | 3.73% | 3.61% | 4.05% | 4.67% | 4.44% | 3.81% | 3.37% | 2.81% | 3.06% | 3.06% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.34% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
SCHZ vs. SPMD - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -16.93%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for SCHZ and SPMD. For additional features, visit the drawdowns tool.
Volatility
SCHZ vs. SPMD - Volatility Comparison
The current volatility for Schwab U.S. Aggregate Bond ETF (SCHZ) is 1.59%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.48%. This indicates that SCHZ experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.