SCHZ vs. USIG
SCHZ (Schwab U.S. Aggregate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both exchange-traded funds - SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate. Both are passively managed. Over the past 10 years, SCHZ returned 1.28%/yr vs 2.31%/yr for USIG. Their correlation of 0.85 means they have usually moved in the same direction. SCHZ charges 0.03%/yr vs 0.04%/yr for USIG.
Performance
SCHZ vs. USIG - 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 USIG's -0.49% return. Over the past 10 years, SCHZ has underperformed USIG with an annualized return of 1.28%, while USIG has yielded a comparatively higher 2.31% annualized 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%
USIG
- 1D
- -0.10%
- 1M
- -1.51%
- 6M
- -0.85%
- YTD
- -0.49%
- 1Y
- 2.04%
- 3Y*
- 5.08%
- 5Y*
- 0.00%
- 10Y*
- 2.31%
- ALL TIME*
- 3.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.45M | $39.28M | $43.87M | |
| $98.77M | $106.12M | $96.97M |
SCHZ vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHZ Schwab U.S. Aggregate Bond ETF | -0.58% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | -0.49% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 5.75% |
Correlation
The correlation between SCHZ and USIG is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2011 | 0.85 |
The correlation between SCHZ and USIG shifts across timeframes, from 0.85 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHZ vs. USIG — Risk / Return Rank
SCHZ
USIG
SCHZ vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond ETF (SCHZ) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.01 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.48 | 2.91 | -0.43 |
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Drawdowns
SCHZ vs. USIG - Drawdown Comparison
The maximum SCHZ drawdown since its inception was -18.74%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for SCHZ and USIG.
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Drawdown Indicators
| SCHZ | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -22.21% | +3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.79% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -4.97% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -21.45% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -21.45% | +2.71% |
Current DrawdownCurrent decline from peak | -3.32% | -2.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -3.40% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.97% | +0.10% |
Volatility
SCHZ vs. USIG - Volatility Comparison
The current volatility for Schwab U.S. Aggregate Bond ETF (SCHZ) is 0.97%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.06%. This indicates that SCHZ experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHZ | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.06% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.22% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 4.07% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 6.81% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 6.82% | -1.40% |
SCHZ vs. USIG - Expense Ratio Comparison
SCHZ has a 0.03% expense ratio, which is lower than USIG's 0.04% 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. USIG - Dividend Comparison
SCHZ's dividend yield for the trailing twelve months is around 4.19%, less than USIG's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.42% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.94, SCHZ and USIG 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.
USIG has higher volatility (1.06%) compared to SCHZ (0.97%). In terms of maximum drawdown, SCHZ dropped -18.74% vs USIG's -22.21%.
On 10-year performance, USIG leads with 2.31% vs 1.28% for SCHZ. On fees, SCHZ is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USIG has performed better with a 2.31% return vs 1.28%. 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 0.04% for USIG.
USIG has the higher dividend yield at 4.42%, compared with 3.82% for SCHZ.
SCHZ is categorized as Total Bond Market, while USIG is Corporate Bonds. SCHZ tracks Bloomberg US Aggregate Bond Index, while USIG tracks ICE BofA US Corporate. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHZ and 0.04% for USIG.
SCHZ currently has the higher Sharpe Ratio (0.72 vs 0.70), 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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