SCYB vs. ITDC

Last updated Jun 25, 2026

SCYB (Schwab High Yield Bond ETF) and ITDC (Ishares Lifepath Target Date 2035 ETF) are both exchange-traded funds - SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index, while ITDC is a Target Retirement Date fund actively managed by iShares. SCYB is passively managed, while ITDC is actively managed. Over the past year, SCYB returned 6.12% vs 16.35% for ITDC. A 0.77 correlation means they provide meaningful diversification when combined. SCYB charges 0.03%/yr vs 0.10%/yr for ITDC.

Performance

SCYB vs. ITDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab High Yield Bond ETF (SCYB) and Ishares Lifepath Target Date 2035 ETF (ITDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCYB achieves a 1.80% return, which is significantly lower than ITDC's 6.90% return.

SCYB

• 1D: -0.04%
• 1M: 0.38%
• YTD: 1.80%
• 6M: 1.73%
• 1Y: 6.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITDC

• 1D: 0.04%
• 1M: 0.18%
• YTD: 6.90%
• 6M: 6.12%
• 1Y: 16.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCYB vs. ITDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCYB Schwab High Yield Bond ETF	1.80%	8.33%	8.15%	8.89%
ITDC Ishares Lifepath Target Date 2035 ETF	6.90%	16.10%	11.41%	12.40%

Correlation

The correlation between SCYB and ITDC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.77

The correlation between SCYB and ITDC has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

SCYB vs. ITDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCYB

SCYB Risk / Return Rank: 58
SCYB Sharpe Ratio Rank: 53
SCYB Sortino Ratio Rank: 57
SCYB Omega Ratio Rank: 56
SCYB Calmar Ratio Rank: 57
SCYB Martin Ratio Rank: 68

ITDC

ITDC Risk / Return Rank: 62
ITDC Sharpe Ratio Rank: 62
ITDC Sortino Ratio Rank: 62
ITDC Omega Ratio Rank: 64
ITDC Calmar Ratio Rank: 56
ITDC Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCYB vs. ITDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and Ishares Lifepath Target Date 2035 ETF (ITDC). 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.

	SCYB	ITDC	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.83	-0.20
Sortino ratio: Return per unit of downside risk	2.44	2.57	-0.13
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	2.52	2.48	+0.04
Martin ratio: Return relative to average drawdown	11.18	10.78	+0.40

SCYB vs. ITDC - Sharpe Ratio Comparison

The current SCYB Sharpe Ratio is 1.63, which is comparable to the ITDC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of SCYB and ITDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCYB vs. ITDC - Drawdown Comparison

The maximum SCYB drawdown since its inception was -4.92%, smaller than the maximum ITDC drawdown of -10.39%. Use the drawdown chart below to compare losses from any high point for SCYB and ITDC.

Drawdown Indicators

	SCYB	ITDC	Difference
Max Drawdown Largest peak-to-trough decline	-4.92%	-10.39%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	-6.63%	+4.19%
Current Drawdown Current decline from peak	-0.27%	-1.38%	+1.11%
Average Drawdown Average peak-to-trough decline	-0.51%	-1.08%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	1.52%	-0.97%

Volatility

SCYB vs. ITDC - Volatility Comparison

The current volatility for Schwab High Yield Bond ETF (SCYB) is 0.99%, while Ishares Lifepath Target Date 2035 ETF (ITDC) has a volatility of 3.52%. This indicates that SCYB experiences smaller price fluctuations and is considered to be less risky than ITDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCYB	ITDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	3.52%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	3.01%	7.54%	-4.53%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	9.05%	-5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.11%	10.14%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	10.14%	-5.03%

SCYB vs. ITDC - Expense Ratio Comparison

SCYB has a 0.03% expense ratio, which is lower than ITDC's 0.10% 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

SCYB vs. ITDC - Dividend Comparison

SCYB's dividend yield for the trailing twelve months is around 6.92%, more than ITDC's 1.89% yield.

Position	TTM	2025	2024	2023
ITDC Ishares Lifepath Target Date 2035 ETF	1.89%	2.02%	1.93%	0.84%
SCYB Schwab High Yield Bond ETF	6.92%	6.99%	7.06%	3.36%

Frequently Asked Questions

Can I hold both SCYB and ITDC in my portfolio?

SCYB and ITDC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCYB or ITDC?

ITDC has higher volatility (3.52%) compared to SCYB (0.99%). In terms of maximum drawdown, SCYB dropped -4.92% vs ITDC's -10.39%.

Which ETF is better, SCYB or ITDC?

On 1-year performance, ITDC leads with 16.35% vs 6.12% for SCYB. On fees, SCYB is cheaper at 0.03% per year. On volatility, SCYB has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCYB or ITDC?

Over the 1-year period, ITDC has performed better with a 16.35% return vs 6.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCYB or ITDC?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.10% for ITDC.

Which ETF pays a higher dividend yield, SCYB or ITDC?

SCYB has the higher dividend yield at 6.92%, compared with 1.89% for ITDC.

What is the main difference between SCYB and ITDC?

SCYB is categorized as High Yield Bonds, while ITDC is Target Retirement Date. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCYB and 0.10% for ITDC.

Which has better risk-adjusted returns?

ITDC currently has the higher Sharpe Ratio (1.83 vs 1.63), 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.