SCYB vs. HYG
Compare and contrast key facts about Schwab High Yield Bond ETF (SCYB) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
SCYB and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both SCYB and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SCYB vs. HYG - Performance Comparison
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SCYB vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | -0.47% | 8.33% | 8.15% | 6.74% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.35% | 8.59% | 7.97% | 6.82% |
Returns By Period
In the year-to-date period, SCYB achieves a -0.47% return, which is significantly lower than HYG's -0.35% return.
SCYB
- 1D
- 0.89%
- 1M
- -1.23%
- YTD
- -0.47%
- 6M
- 0.62%
- 1Y
- 6.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG
- 1D
- 0.95%
- 1M
- -0.95%
- YTD
- -0.35%
- 6M
- 0.87%
- 1Y
- 6.89%
- 3Y*
- 7.90%
- 5Y*
- 3.61%
- 10Y*
- 5.13%
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SCYB vs. HYG - Expense Ratio Comparison
SCYB has a 0.03% expense ratio, which is lower than HYG's 0.49% expense ratio.
Return for Risk
SCYB vs. HYG — Risk / Return Rank
SCYB
HYG
SCYB vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
| SCYB | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.24 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.87 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.78 | -0.18 |
Martin ratioReturn relative to average drawdown | 8.44 | 9.42 | -0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCYB | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.24 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.45 | +1.17 |
Correlation
The correlation between SCYB and HYG is 0.95, 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.
Dividends
SCYB vs. HYG - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 7.01%, more than HYG's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 7.01% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.86% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
SCYB vs. HYG - Drawdown Comparison
The maximum SCYB drawdown since its inception was -4.92%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for SCYB and HYG.
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Drawdown Indicators
| SCYB | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -34.25% | +29.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -3.93% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.30% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -3.27% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.74% | +0.06% |
Volatility
SCYB vs. HYG - Volatility Comparison
Schwab High Yield Bond ETF (SCYB) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 2.25% and 2.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCYB | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.28% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.92% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 5.56% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 7.51% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 8.31% | -3.11% |