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USIG vs. SCHZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USIG vs. SCHZ

Last updated Jun 5, 2026

USIG (iShares Broad USD Investment Grade Corporate Bond ETF) and SCHZ (Schwab U.S. Aggregate Bond ETF) are both exchange-traded funds - USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate, while SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 10 years, USIG returned 2.65%/yr vs 1.54%/yr for SCHZ. Their correlation of 0.85 suggests significant overlap in exposure. USIG charges 0.04%/yr vs 0.03%/yr for SCHZ.

Performance

USIG vs. SCHZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and Schwab U.S. Aggregate Bond ETF (SCHZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USIG achieves a 0.73% return, which is significantly higher than SCHZ's 0.43% return. Over the past 10 years, USIG has outperformed SCHZ with an annualized return of 2.65%, while SCHZ has yielded a comparatively lower 1.54% annualized return.

USIG

1D
0.18%
1M
0.46%
YTD
0.73%
6M
0.73%
1Y
5.58%
3Y*
5.58%
5Y*
0.75%
10Y*
2.65%

SCHZ

1D
0.13%
1M
0.26%
YTD
0.43%
6M
0.46%
1Y
4.74%
3Y*
3.99%
5Y*
0.09%
10Y*
1.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USIG vs. SCHZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USIG
iShares Broad USD Investment Grade Corporate Bond ETF		0.73%7.86%2.56%8.71%-15.30%-1.34%9.44%13.99%-2.21%5.75%
SCHZ
Schwab U.S. Aggregate Bond ETF		0.43%7.24%1.26%5.60%-13.17%-1.72%7.46%8.65%-0.26%3.50%

Correlation

The correlation between USIG and SCHZ is 0.94, 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

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2011

0.85

The correlation between USIG and SCHZ shifts across timeframes, from 0.85 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Broad USD Investment Grade Corporate Bond ETF

Schwab U.S. Aggregate Bond ETF

Often compared with USIG:
USIG vs. IGIBUSIG vs. VTCUSIG vs. USHYUSIG vs. VCITUSIG vs. SPBOUSIG vs. AGGUSIG vs. DFAPX
Often compared with SCHZ:
SCHZ vs. BNDSCHZ vs. SCHPSCHZ vs. SWAGXSCHZ vs. SCHDSCHZ vs. AGGSCHZ vs. BONDSCHZ vs. SPAB

Return for Risk

USIG vs. SCHZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USIG
USIG Risk / Return Rank: 4040
Overall Rank
USIG Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
USIG Sortino Ratio Rank: 3939
Sortino Ratio Rank
USIG Omega Ratio Rank: 3636
Omega Ratio Rank
USIG Calmar Ratio Rank: 4141
Calmar Ratio Rank
USIG Martin Ratio Rank: 4242
Martin Ratio Rank
SCHZ
SCHZ Risk / Return Rank: 3636
Overall Rank
SCHZ Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
SCHZ Sortino Ratio Rank: 3737
Sortino Ratio Rank
SCHZ Omega Ratio Rank: 3434
Omega Ratio Rank
SCHZ Calmar Ratio Rank: 3737
Calmar Ratio Rank
SCHZ Martin Ratio Rank: 3636
Martin Ratio Rank
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.

USIG vs. SCHZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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.

USIGSCHZDifference
Sharpe ratioReturn per unit of total volatility
1.37
1.27

+0.10

Sortino ratioReturn per unit of downside risk
2.00
1.88

+0.12

Omega ratioGain probability vs. loss probability

1.24

1.22

+0.02

Calmar ratioReturn relative to maximum drawdown

2.01

1.77

+0.24

Martin ratioReturn relative to average drawdown

6.53

5.38

+1.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USIG vs. SCHZ - Sharpe Ratio Comparison

The current USIG Sharpe Ratio is 1.37, which is comparable to the SCHZ Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of USIG and SCHZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

USIGSCHZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

1.27

+0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.02

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.29

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.44

+0.10

Drawdowns

USIG vs. SCHZ - Drawdown Comparison

The maximum USIG drawdown since its inception was -22.21%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for USIG and SCHZ.

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Drawdown Indicators

USIGSCHZDifference

Max Drawdown

Largest peak-to-trough decline

-22.21%

-18.74%

-3.47%

Max Drawdown (1Y)

Largest decline over 1 year

-2.79%

-2.70%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-6.10%

-6.18%

+0.08%

Max Drawdown (5Y)

Largest decline over 5 years

-21.45%

-18.01%

-3.44%

Max Drawdown (10Y)

Largest decline over 10 years

-21.45%

-18.74%

-2.71%

Current Drawdown

Current decline from peak

-0.79%

-2.34%

+1.55%

Average Drawdown

Average peak-to-trough decline

-3.42%

-3.68%

+0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

0.88%

-0.02%

Volatility

USIG vs. SCHZ - Volatility Comparison

iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and Schwab U.S. Aggregate Bond ETF (SCHZ) have volatilities of 1.25% and 1.24%, 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

USIGSCHZDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.25%

1.24%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

3.04%

2.67%

+0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

4.13%

3.79%

+0.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.82%

6.08%

+0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.82%

5.41%

+1.41%

USIG vs. SCHZ - Expense Ratio Comparison

USIG has a 0.04% expense ratio, which is higher than SCHZ's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USIG vs. SCHZ - Dividend Comparison

USIG's dividend yield for the trailing twelve months is around 4.73%, more than SCHZ's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHZ
Schwab U.S. Aggregate Bond ETF		4.11%4.05%3.96%3.28%2.63%2.16%2.43%2.79%2.56%2.40%2.24%2.11%
USIG
iShares Broad USD Investment Grade Corporate Bond ETF		4.73%4.62%4.51%3.94%3.14%2.33%2.82%3.37%3.44%3.03%2.87%3.24%

Frequently Asked Questions

With a correlation of 0.94, USIG and SCHZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

USIG has higher volatility (1.25%) compared to SCHZ (1.24%). In terms of maximum drawdown, USIG dropped -22.21% vs SCHZ's -18.74%.

On 10-year performance, USIG leads with 2.65% vs 1.54% for SCHZ. On fees, SCHZ 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 10-year period, USIG has performed better with a 2.65% return vs 1.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHZ is cheaper with a 0.03% expense ratio, compared with 0.04% for USIG.

USIG has the higher dividend yield at 4.73%, compared with 4.11% for SCHZ.

USIG is categorized as Corporate Bonds, while SCHZ is Total Bond Market. USIG tracks ICE BofA US Corporate, while SCHZ tracks Bloomberg US Aggregate Bond Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.04% for USIG and 0.03% for SCHZ.

USIG currently has the higher Sharpe Ratio (1.37 vs 1.27), 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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