SCYB vs. SCHI
Compare and contrast key facts about Schwab High Yield Bond ETF (SCYB) and Schwab 5-10 Year Corporate Bond ETF (SCHI).
SCYB and SCHI 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. SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019. Both SCYB and SCHI 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: SCYB or SCHI.
Key characteristics
| SCYB | SCHI | |
|---|---|---|
| YTD Return | 10.64% | 5.15% |
| 1Y Return | 16.51% | 11.94% |
| Sharpe Ratio | 3.81 | 2.24 |
| Sortino Ratio | 6.21 | 3.41 |
| Omega Ratio | 1.78 | 1.41 |
| Calmar Ratio | 8.50 | 0.13 |
| Martin Ratio | 33.36 | 9.86 |
| Ulcer Index | 0.53% | 1.36% |
| Daily Std Dev | 4.64% | 5.96% |
| Max Drawdown | -3.57% | -100.00% |
| Current Drawdown | -0.49% | -100.00% |
Correlation
The correlation between SCYB and SCHI is 0.75, 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.
Performance
SCYB vs. SCHI - Performance Comparison
In the year-to-date period, SCYB achieves a 10.64% return, which is significantly higher than SCHI's 5.15% 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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SCYB vs. SCHI - Expense Ratio Comparison
SCYB has a 0.03% expense ratio, which is lower than SCHI'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
SCYB vs. SCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and Schwab 5-10 Year Corporate Bond ETF (SCHI). 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
SCYB vs. SCHI - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 10.18%, more than SCHI's 8.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 10.18% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 8.93% | 6.87% | 4.37% | 3.06% | 3.44% | 0.90% |
Drawdowns
SCYB vs. SCHI - Drawdown Comparison
The maximum SCYB drawdown since its inception was -3.57%, smaller than the maximum SCHI drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SCYB and SCHI. For additional features, visit the drawdowns tool.
Volatility
SCYB vs. SCHI - Volatility Comparison
The current volatility for Schwab High Yield Bond ETF (SCYB) is 1.21%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.81%. This indicates that SCYB experiences smaller price fluctuations and is considered to be less risky than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.