VWOB vs. SCHI
VWOB (Vanguard Emerging Markets Government Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both exchange-traded funds - VWOB is a Emerging Markets Bonds fund tracking the Bloomberg USD Emerging Markets Government RIC Capped Index, while SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y). Both are passively managed. Over the past 5 years, VWOB returned 1.85%/yr vs 1.08%/yr for SCHI. A 0.72 correlation means they provide meaningful diversification when combined. VWOB charges 0.15%/yr vs 0.05%/yr for SCHI.
Performance
VWOB vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, VWOB achieves a 0.95% return, which is significantly higher than SCHI's -0.25% return.
VWOB
- 1D
- -0.18%
- 1M
- -0.48%
- YTD
- 0.95%
- 6M
- 1.64%
- 1Y
- 10.16%
- 3Y*
- 9.06%
- 5Y*
- 1.85%
- 10Y*
- 3.44%
SCHI
- 1D
- -0.04%
- 1M
- -0.74%
- YTD
- -0.25%
- 6M
- 0.06%
- 1Y
- 6.09%
- 3Y*
- 6.07%
- 5Y*
- 1.08%
- 10Y*
- —
VWOB vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 0.95% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 2.41% |
SCHI Schwab 5-10 Year Corporate Bond ETF | -0.25% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 1.00% |
Correlation
The correlation between VWOB and SCHI is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.72 |
The correlation between VWOB and SCHI shifts across timeframes, from 0.72 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VWOB vs. SCHI — Risk / Return Rank
VWOB
SCHI
VWOB vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) 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.
| VWOB | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.03 | +0.24 |
| Martin ratioReturn relative to average drawdown | 9.60 | 6.77 | +2.84 |
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
| VWOB | SCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.49 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.16 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.12 |
Drawdowns
VWOB vs. SCHI - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.98%, which is greater than SCHI's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for VWOB and SCHI.
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Drawdown Indicators
| VWOB | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -20.67% | -6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -3.01% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.71% | -6.14% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -20.67% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -26.98% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.80% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -5.70% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.90% | +0.16% |
Volatility
VWOB vs. SCHI - Volatility Comparison
Vanguard Emerging Markets Government Bond ETF (VWOB) has a higher volatility of 1.65% compared to Schwab 5-10 Year Corporate Bond ETF (SCHI) at 1.33%. This indicates that VWOB'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
| VWOB | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.33% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.14% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 4.12% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 6.66% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 7.40% | +1.94% |
VWOB vs. SCHI - Expense Ratio Comparison
VWOB has a 0.15% expense ratio, which is higher than SCHI's 0.05% 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
VWOB vs. SCHI - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.88%, more than SCHI's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.07% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.88% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
VWOB and SCHI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWOB has higher volatility (1.65%) compared to SCHI (1.33%). In terms of maximum drawdown, VWOB dropped -26.98% vs SCHI's -20.67%.
On 5-year performance, VWOB leads with 1.85% vs 1.08% for SCHI. On fees, SCHI is cheaper at 0.05% per year. On volatility, SCHI has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VWOB has performed better with a 1.85% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.05% expense ratio, compared with 0.15% for VWOB.
VWOB has the higher dividend yield at 5.88%, compared with 5.07% for SCHI.
VWOB is categorized as Emerging Markets Bonds, while SCHI is Corporate Bonds. VWOB tracks Bloomberg USD Emerging Markets Government RIC Capped 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: 0.15% for VWOB and 0.05% for SCHI.
VWOB currently has the higher Sharpe Ratio (1.97 vs 1.49), 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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