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 Barclays U.S. Corporate Bond Index while SCHI tracks the Bloomberg US Aggregate Credit - Corporate (5-10 Y). Both are passively managed. Over the past 5 years, VTC returned 0.51%/yr vs 1.26%/yr for SCHI. Their correlation of 0.95 suggests significant overlap in exposure. VTC charges 0.04%/yr vs 0.05%/yr for SCHI.
Performance
VTC vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, VTC achieves a 0.60% return, which is significantly higher than SCHI's 0.19% return.
VTC
- 1D
- -0.22%
- 1M
- 0.63%
- YTD
- 0.60%
- 6M
- 0.33%
- 1Y
- 5.99%
- 3Y*
- 5.22%
- 5Y*
- 0.51%
- 10Y*
- —
SCHI
- 1D
- -0.22%
- 1M
- 0.28%
- YTD
- 0.19%
- 6M
- 0.09%
- 1Y
- 6.18%
- 3Y*
- 6.04%
- 5Y*
- 1.26%
- 10Y*
- —
VTC vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VTC Vanguard Total Corporate Bond ETF | 0.60% | 7.58% | 2.15% | 8.58% | -15.68% | -1.41% | 9.30% | 1.41% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.19% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 1.00% |
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 11, 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.
| VTC | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.06 | +0.03 |
| Martin ratioReturn relative to average drawdown | 6.63 | 6.98 | -0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTC | SCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.49 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.19 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.30 | +0.02 |
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 | -0.99% | -1.36% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -5.71% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.89% | +0.01% |
Volatility
VTC vs. SCHI - Volatility Comparison
Vanguard Total Corporate Bond ETF (VTC) has a higher volatility of 1.43% compared to Schwab 5-10 Year Corporate Bond ETF (SCHI) at 1.32%. This indicates that VTC's price experiences larger fluctuations and is considered to be riskier than SCHI based on this measure. 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 | 1.43% | 1.32% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 3.09% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.15% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 6.66% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.68% | 7.40% | +0.28% |
VTC vs. SCHI - Expense Ratio Comparison
VTC has a 0.04% 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%.
Dividends
VTC vs. SCHI - Dividend Comparison
VTC's dividend yield for the trailing twelve months is around 4.93%, less than SCHI's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.05% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% |
VTC Vanguard Total Corporate Bond ETF | 4.93% | 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.
VTC has higher volatility (1.43%) compared to SCHI (1.32%). In terms of maximum drawdown, VTC dropped -22.05% vs SCHI's -20.67%.
On 5-year performance, SCHI leads with 1.26% vs 0.51% for VTC. On fees, VTC is cheaper at 0.04% per year. On volatility, SCHI has been the lower-risk option at 1.32%. 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 1.26% return vs 0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTC is cheaper with a 0.04% expense ratio, compared with 0.05% for SCHI.
SCHI has the higher dividend yield at 5.05%, compared with 4.93% for VTC.
VTC tracks Bloomberg Barclays U.S. Corporate Bond Index, while SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y). They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.04% for VTC and 0.05% for SCHI.
SCHI currently has the higher Sharpe Ratio (1.49 vs 1.38), 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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