VTC vs. SCHI
VTC (Vanguard Total Corporate Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - VTC tracks the Bloomberg U.S. Corporate Bond Index while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, VTC returned 0.35%/yr vs 1.19%/yr for SCHI. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.
Performance
VTC vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, VTC achieves a 0.84% return, which is significantly higher than SCHI's 0.37% return.
VTC
- 1D
- 0.14%
- 1M
- 0.79%
- YTD
- 0.84%
- 6M
- 0.89%
- 1Y
- 5.12%
- 3Y*
- 5.23%
- 5Y*
- 0.35%
- 10Y*
- —
SCHI
- 1D
- 0.13%
- 1M
- 0.68%
- YTD
- 0.37%
- 6M
- 0.50%
- 1Y
- 5.29%
- 3Y*
- 6.15%
- 5Y*
- 1.19%
- 10Y*
- —
VTC vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VTC Vanguard Total Corporate Bond ETF | 0.84% | 7.58% | 2.15% | 8.58% | -15.68% | -1.41% | 9.30% | 0.39% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.37% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
Correlation
The correlation between VTC and SCHI is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.95 |
The correlation between VTC and SCHI has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
VTC vs. SCHI — Risk / Return Rank
VTC
SCHI
VTC vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Corporate Bond ETF (VTC) 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.
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.
| VTC | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.76 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.54 | 5.66 | -0.11 |
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Drawdowns
VTC vs. SCHI - Drawdown Comparison
The maximum VTC drawdown since its inception was -22.05%, which is greater than SCHI's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for VTC and SCHI.
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Drawdown Indicators
| VTC | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -20.67% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -3.01% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -6.14% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -20.67% | -1.38% |
Current DrawdownCurrent decline from peak | -0.74% | -1.19% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -5.68% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.94% | -0.01% |
Volatility
VTC vs. SCHI - Volatility Comparison
Vanguard Total Corporate Bond ETF (VTC) and Schwab 5-10 Year Corporate Bond ETF (SCHI) have volatilities of 1.20% and 1.25%, 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
| VTC | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.25% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.20% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.14% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 6.67% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.67% | 7.38% | +0.29% |
VTC vs. SCHI - Expense Ratio Comparison
Both VTC and SCHI have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VTC vs. SCHI - Dividend Comparison
VTC's dividend yield for the trailing twelve months is around 4.92%, less than SCHI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.04% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% |
VTC Vanguard Total Corporate Bond ETF | 4.92% | 4.76% | 4.50% | 3.80% | 3.13% | 2.36% | 2.69% | 3.34% | 3.53% | 0.55% |
Frequently Asked Questions
With a correlation of 0.98, VTC and SCHI 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.
SCHI has higher volatility (1.25%) compared to VTC (1.20%). In terms of maximum drawdown, VTC dropped -22.05% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 1.19% vs 0.35% for VTC. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHI has performed better with a 1.19% return vs 0.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTC and SCHI have the same expense ratio: 0.03% per year.
SCHI has the higher dividend yield at 5.04%, compared with 4.92% for VTC.
VTC tracks Bloomberg U.S. Corporate Bond Index, while SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index. They also come from different issuers: Vanguard and Charles Schwab.
SCHI currently has the higher Sharpe Ratio (1.29 vs 1.19), 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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