SPIB vs. SCHD
SPIB (SPDR Portfolio Intermediate Term Corporate Bond ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SPIB is a Corporate Bonds fund tracking the Bloomberg U.S. Intermediate Corporate Bond Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, SPIB returned 2.73%/yr vs 12.80%/yr for SCHD. Their 0.06 correlation means their historical movements had little consistent relationship. SPIB charges 0.04%/yr vs 0.06%/yr for SCHD.
Performance
SPIB vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, SPIB achieves a 0.68% return, which is significantly lower than SCHD's 25.44% return. Over the past 10 years, SPIB has underperformed SCHD with an annualized return of 2.73%, while SCHD has yielded a comparatively higher 12.80% annualized return.
SPIB
- 1D
- 0.33%
- 1M
- -0.19%
- 6M
- 0.47%
- YTD
- 0.68%
- 1Y
- 3.10%
- 3Y*
- 5.77%
- 5Y*
- 1.62%
- 10Y*
- 2.73%
- ALL TIME*
- 3.78%
SCHD
- 1D
- 0.86%
- 1M
- 4.51%
- 6M
- 12.81%
- YTD
- 25.44%
- 1Y
- 31.88%
- 3Y*
- 15.21%
- 5Y*
- 9.72%
- 10Y*
- 12.80%
- ALL TIME*
- 13.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $839.54M | $733.40M | $694.82M | |
| $206.12M | $185.13M | $231.03M |
SPIB vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 0.68% | 7.91% | 4.28% | 7.27% | -9.65% | -1.24% | 7.69% | 10.23% | -0.49% | 3.76% |
SCHD Schwab U.S. Dividend Equity ETF | 25.44% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between SPIB and SCHD is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.06 |
The correlation between SPIB and SCHD shifts across timeframes, from 0.06 (all time) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPIB vs. SCHD — Risk / Return Rank
SPIB
SCHD
SPIB vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| SPIB | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.52 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 6.94 | -5.40 |
| Martin ratioReturn relative to average drawdown | 4.74 | 17.52 | -12.78 |
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Drawdowns
SPIB vs. SCHD - Drawdown Comparison
The maximum SPIB drawdown since its inception was -14.94%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPIB and SCHD.
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Drawdown Indicators
| SPIB | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -33.37% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -4.61% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.90% | -16.13% | +13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.60% | -16.85% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -33.37% | +18.43% |
Current DrawdownCurrent decline from peak | -0.56% | -0.12% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -3.29% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.82% | -1.16% |
Volatility
SPIB vs. SCHD - Volatility Comparison
The current volatility for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is 0.84%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.82%. This indicates that SPIB experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPIB | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 3.82% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 8.01% | -5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 11.06% | -8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 14.38% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 16.73% | -12.13% |
SPIB vs. SCHD - Expense Ratio Comparison
SPIB has a 0.04% expense ratio, which is lower than SCHD's 0.06% 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
SPIB vs. SCHD - Dividend Comparison
SPIB's dividend yield for the trailing twelve months is around 4.49%, more than SCHD's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.10% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.49% | 4.42% | 4.41% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.04% | 2.79% | 2.68% | 2.69% |
Frequently Asked Questions
SPIB and SCHD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHD has higher volatility (3.82%) compared to SPIB (0.84%). In terms of maximum drawdown, SPIB dropped -14.94% vs SCHD's -33.37%.
On 10-year performance, SCHD leads with 12.80% vs 2.73% for SPIB. On fees, SPIB is cheaper at 0.04% per year. On volatility, SPIB has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.80% return vs 2.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPIB is cheaper with a 0.04% expense ratio, compared with 0.06% for SCHD.
SPIB has the higher dividend yield at 4.49%, compared with 3.10% for SCHD.
SPIB is categorized as Corporate Bonds, while SCHD is Dividend. SPIB tracks Bloomberg U.S. Intermediate Corporate Bond Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.04% for SPIB and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.90 vs 1.12), 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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