SCHZ — Schwab U.S. Aggregate Bond ETF

Overview

The Schwab U.S. Aggregate Bond ETF (SCHZ) is a broad US bond fund issued by Schwab ETFs that manages $10.6 billion in assets. Trading at a price of $22.93, the fund holds an overall rank of #108 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 52.8 out of 100. Investors can access the fund with a low expense ratio of 0.03% while receiving a dividend yield of 4.10%. Within its specific category of US Bonds - Broad, which contains 3 ETFs tracked by ETFValuer, SCHZ ranks below peers such as AGG and BND. The substantial asset under management suggests significant investor adoption despite the fund's mid-tier ranking relative to the broader universe. This combination of low cost and high yield positions the ETF as a cost-effective income vehicle within the bond sector.

Over the most recent trading day, the fund declined by 0.09%, following a weekly drop of 0.52% before recovering slightly with a 0.22% gain over the last month. Year-to-date performance shows a marginal decline of 0.18%, while the six-month return sits at -0.31% and the three-month return is -0.52%. Despite these short-term negative or flat periods, the fund posted a positive one-year return of 3.50%, which is comparable to its closest category peers. The longer-term trajectory shows stronger results, with a three-year return of 11.09% indicating a divergence between recent short-term volatility and sustained multi-year growth. The pattern suggests a period of recent stagnation or slight erosion in value following a more robust annual performance.

The fund carries a volatility label of Very Low and a beta of 0.99, indicating that its price movements generally track the broader market with minimal deviation. A Sharpe ratio of -0.40 suggests that the risk-adjusted returns have been negative over the measured period, reflecting the recent underperformance relative to the risk taken. The maximum drawdown of -6.18% quantifies the largest peak-to-trough decline experienced by the fund, providing a specific measure of downside potential. This combination of low volatility and a negative Sharpe ratio implies that while the fund avoids extreme swings, it has struggled to generate sufficient excess returns to compensate for the risk of capital loss. The beta near 1.0 confirms that the fund moves in lockstep with market benchmarks rather than offering significant diversification benefits through uncorrelated price action.

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.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SCHZ Performance History

How SCHZ Compares to Other US Bonds - Broad ETFs