SCYB vs. SCHR
SCYB (Schwab High Yield Bond ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury 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 SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past year, SCYB returned 6.36% vs 2.71% for SCHR. A 0.54 correlation means they provide meaningful diversification when combined. SCYB charges 0.03%/yr vs 0.05%/yr for SCHR.
Performance
SCYB vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, SCYB achieves a 1.84% return, which is significantly higher than SCHR's -0.43% return.
SCYB
- 1D
- -0.08%
- 1M
- 0.42%
- YTD
- 1.84%
- 6M
- 1.96%
- 1Y
- 6.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHR
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- -0.43%
- 6M
- -0.27%
- 1Y
- 2.71%
- 3Y*
- 3.53%
- 5Y*
- 0.10%
- 10Y*
- 1.14%
SCYB vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 1.84% | 8.33% | 8.15% | 7.29% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.43% | 7.33% | 1.42% | 3.56% |
Correlation
The correlation between SCYB and SCHR is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.54 |
The correlation between SCYB and SCHR has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
SCYB vs. SCHR — Risk / Return Rank
SCYB
SCHR
SCYB vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.14 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.97 | +1.64 |
| Martin ratioReturn relative to average drawdown | 11.63 | 2.63 | +9.00 |
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Drawdowns
SCYB vs. SCHR - Drawdown Comparison
The maximum SCYB drawdown since its inception was -4.92%, smaller than the maximum SCHR drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SCYB and SCHR.
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Drawdown Indicators
| SCYB | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -16.11% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.79% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.37% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -3.63% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.03% | -0.48% |
Volatility
SCYB vs. SCHR - Volatility Comparison
Schwab High Yield Bond ETF (SCYB) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR) have volatilities of 1.01% and 1.06%, 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 | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.06% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.48% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.42% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 5.38% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 4.47% | +0.64% |
SCYB vs. SCHR - Expense Ratio Comparison
SCYB has a 0.03% expense ratio, which is lower than SCHR'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%.
Dividends
SCYB vs. SCHR - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 6.92%, more than SCHR's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.92% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCYB and SCHR have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHR has higher volatility (1.06%) compared to SCYB (1.01%). In terms of maximum drawdown, SCYB dropped -4.92% vs SCHR's -16.11%.
On 1-year performance, SCYB leads with 6.36% vs 2.71% for SCHR. On fees, SCYB 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 1-year period, SCYB has performed better with a 6.36% return vs 2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.
SCYB has the higher dividend yield at 6.92%, compared with 3.92% for SCHR.
SCYB is categorized as High Yield Bonds, while SCHR is Government Bonds. SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. Their fees differ too: 0.03% for SCYB and 0.05% for SCHR.
SCYB currently has the higher Sharpe Ratio (1.69 vs 0.80), 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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