SCYB vs. RKT
SCYB (Schwab High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index, while RKT (Rocket Companies, Inc.) is a stock. Over the past year, SCYB returned 6.85% vs -3.29% for RKT. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
SCYB vs. RKT - Performance Comparison
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Returns By Period
In the year-to-date period, SCYB achieves a 1.37% return, which is significantly higher than RKT's -36.21% return.
SCYB
- 1D
- 0.04%
- 1M
- -0.12%
- YTD
- 1.37%
- 6M
- 1.83%
- 1Y
- 6.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKT
- 1D
- -2.37%
- 1M
- -21.29%
- YTD
- -36.21%
- 6M
- -34.34%
- 1Y
- -3.29%
- 3Y*
- 13.40%
- 5Y*
- -8.35%
- 10Y*
- —
SCYB vs. RKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 1.37% | 8.33% | 8.15% | 6.74% |
RKT Rocket Companies, Inc. | -36.21% | 81.69% | -22.24% | 44.22% |
Correlation
The correlation between SCYB and RKT is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.52 |
The correlation between SCYB and RKT has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
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Return for Risk
SCYB vs. RKT — Risk / Return Rank
SCYB
RKT
SCYB vs. RKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and Rocket Companies, Inc. (RKT). 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 | RKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.04 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | -0.07 | +2.89 |
| Martin ratioReturn relative to average drawdown | 12.57 | -0.15 | +12.71 |
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 | RKT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | -0.06 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.67 | -0.10 | +1.76 |
Drawdowns
SCYB vs. RKT - Drawdown Comparison
The maximum SCYB drawdown since its inception was -4.92%, smaller than the maximum RKT drawdown of -83.00%. Use the drawdown chart below to compare losses from any high point for SCYB and RKT.
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Drawdown Indicators
| SCYB | RKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -83.00% | +78.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -47.31% | +44.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.39% | — |
Current DrawdownCurrent decline from peak | -0.50% | -64.67% | +64.17% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -60.17% | +59.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 22.62% | -22.07% |
Volatility
SCYB vs. RKT - Volatility Comparison
The current volatility for Schwab High Yield Bond ETF (SCYB) is 1.03%, while Rocket Companies, Inc. (RKT) has a volatility of 20.75%. This indicates that SCYB experiences smaller price fluctuations and is considered to be less risky than RKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCYB | RKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 20.75% | -19.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 42.53% | -39.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 58.42% | -54.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.13% | 53.55% | -48.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 64.41% | -59.28% |
Dividends
SCYB vs. RKT - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 6.95%, while RKT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
RKT Rocket Companies, Inc. | 0.00% | 4.13% | 0.00% | 0.00% | 14.43% | 7.93% |
SCYB Schwab High Yield Bond ETF | 6.95% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% |
Frequently Asked Questions
SCYB and RKT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKT has higher volatility (20.75%) compared to SCYB (1.03%). In terms of maximum drawdown, SCYB dropped -4.92% vs RKT's -83.00%.
SCYB currently has the higher Sharpe Ratio (1.83 vs -0.06), 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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