SCHZ — Schwab U.S. Aggregate Bond ETF

SCHZ Price Performance — Growth of $10,000

Value of a $10,000 investment in SCHZ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SCHZ Drawdown

The "underwater" chart: SCHZ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Schwab U.S. Aggregate Bond ETF (SCHZ) is a broad US bond fund issued by Schwab ETFs, positioned within a category that includes 7 other ETFs. It holds an overall rank of #317 out of 458 tracked ETFs across all categories, with an ETFValuer grade of C (score 54.9/100). The fund's expense ratio is 0.03%, indicating a low-cost structure, and it offers a dividend yield of 4.19%, providing a steady income stream for investors. Despite its low expense ratio and dividend yield, the fund's price at $22.77 and assets under management (AUM) of $10.5B suggest a moderate level of investor adoption, reflecting its position as a well-established player in the bond ETF market.

Over the past year, the fund has seen a modest return of +2.31%, while over the past three years, it has delivered a more substantial gain of +13.51%. The returns have shown a mixed pattern, with a slight improvement in the most recent month (+0.43%) compared to the previous month (-1.48% over 6 months). The 1-year return of +2.31% is slightly above the 1-year return of +2.23% for its closest peer AGG, indicating a slightly better performance over the short term. However, the 3-month return of +0.12% is lower than the 3-month return of +0.43% for AGG, suggesting a deceleration in performance over the shorter term.

The fund is labeled as having a very low volatility, with a beta of 0.99, indicating that it tends to move in line with the broader market but with less intensity. The Sharpe ratio of -0.73 suggests that the fund has not been able to generate a satisfactory risk-adjusted return, as the negative value indicates that the returns have not compensated for the risk taken. The maximum drawdown of -4.92% reflects the fund's potential for significant losses during market downturns, though still within a relatively low range. This combination of low volatility and a negative Sharpe ratio implies that while the fund may offer a smoother ride in turbulent markets, it may also offer lower returns compared to riskier alternatives, making it more suitable for conservative investors who prioritize capital preservation over high returns.

AI-generated summary based on the data on this page.

SCHZ Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 5.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SCHZ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SCHZ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SCHZ's top 10 — AGG overlaps most, holding 1 of the same companies as SCHZ's top 10 (3.5% of SCHZ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SCHZ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.18% and average daily volume is 1.8M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $10.5B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SCHZ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SCHZ Performance History

How SCHZ Compares to Other US Bonds - Broad ETFs