ETF Versus

SCHB vs SCHZ

Schwab U.S. Broad Market ETF vs Schwab U.S. Aggregate Bond ETF

Last updated: 2026-04-02

SCHB Schwab

Schwab U.S. Broad Market ETF (SCHB) is an exchange-traded fund issued by Schwab that provides exposure to the total U.S. stock market across all capitalizations. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.17%. Launched in 2009, the fund has a 17-year track record.

AUM: $36.0B ER: 0.03% Yield: 1.17% Since: Nov 3, 2009
SCHZ Schwab

Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund issued by Schwab that provides exposure to the broad U.S. investment-grade bond market. It charges a very low expense ratio of 0.03%. The fund offers a high dividend yield of 4.09%. Launched in 2011, the fund has a 15-year track record.

AUM: $9.9B ER: 0.03% Yield: 4.09% Since: Jul 14, 2011

Quick Verdict

Over the past year, SCHB has significantly outperformed with a 17.1% return vs -0.1%. Income investors may prefer SCHZ for its higher yield (4.1% vs 1.2%).

Key Metrics

Metric SCHB SCHZ
Expense Ratio 0.03% 0.03%
Dividend Yield 1.2% 4.1%
Fund Family Schwab Schwab
Category US Total Market US Aggregate Bond

Performance Chart

Indexed to 100 at start (5-year comparison)

80 97 114 131 148 165 2021-04 2022-06 2023-09 2024-12 2026-04
SCHB +53.3%
SCHZ -14.1%

Performance Comparison

Period SCHB SCHZ Difference
1 Month -4.60% -1.66% -2.94%
3 Months -3.84% -0.90% -2.94%
6 Months -2.09% -1.24% -0.85%
YTD -3.84% -0.90% -2.94%
1 Year +17.08% -0.09% +17.17%
3 Years +58.12% -1.43% +59.55%
5 Years +53.27% -14.13% +67.40%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHB Fees SCHZ Fees You Save
$10.000 10 years $60 $60 $0
$10.000 20 years $258 $258 $0
$10.000 30 years $835 $835 $0
$50.000 10 years $299 $299 $0
$50.000 30 years $4.176 $4.176 $0
$100.000 30 years $8.352 $8.352 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHB SCHZ
Annualized Volatility 17.3% 6.1%
Max Drawdown -26.2% -21.9%
Sharpe Ratio 0.32 -1.21

Dividend Comparison

Metric SCHB SCHZ
Annual Dividend (per share) $0.30 $0.95
Dividend Yield 1.17% 4.08%
Distribution Frequency Quarterly Monthly

Top Holdings

SCHB Top Holdings

NameWeight
NVIDIA CorporationNVDA6.59%
Apple Inc.AAPL5.91%
Microsoft CorporationMSFT4.29%
Amazon.com, Inc.AMZN3.15%
Broadcom Inc.AVGO2.31%
Alphabet Inc.GOOG2.07%
Meta Platforms, Inc.META1.86%
Tesla, Inc.TSLA1.65%
Berkshire Hathaway Inc.BRK.B1.39%

Which One Should You Choose?

Choose SCHB if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SCHZ if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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