ETF Evaluator:
Schwab US Aggregate Bond ETF™ (SCHZ)
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(as of Jul 31)
Best Performing in Intermediate Core Bond Over the Last Year
| 7.1% | Aptus Enhanced Yield ETF (JUCY) |
| 7.1% | Overlay Shares Core Bond ETF (OVB) |
| 6.8% | SGI Enhanced Core ETF (USDX) |
| 6.7% | Hartford Schroders Tax-Aware Bond ETF (HTAB) |
| 6.1% | Simplify Aggregate Bond ETF (AGGH) |
Risk
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Risk
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ETF Details
Schwab US Aggregate Bond ETF™ Overview
Schwab US Aggregate Bond ETF™ (SCHZ) is a passively managed Taxable Bond Intermediate Core Bond exchange-traded fund (ETF). Schwab ETFs launched the ETF in 2011.
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg U.S. Aggregate Bond Index.
The fund will invest at least 90% of its net assets in securities included in the index. The index is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States.
About Schwab US Aggregate Bond ETF™ (SCHZ)
There are 3 members of the management team with an average tenure of 14.97 years: Steven Hung (2011), Alfonso Portillo (2011) and Matthew Hastings (2011). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Schwab US Aggregate Bond ETF™ has 12326 securities in its portfolio. The top 10 holdings constitute 3.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Schwab US Aggregate Bond ETF™ is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Schwab US Aggregate Bond ETF™ has 6.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.5% (91.7% domestic bond, 6.8% foreign bond and 0.0% convertible bond). Schwab US Aggregate Bond ETF™ has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $10 billion in total assets, which is above the $6 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SCHZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Schwab US Aggregate Bond ETF™ expense ratio is low compared to funds in the Intermediate Core Bond category. Schwab US Aggregate Bond ETF™ has an expense ratio of 0.03%, which is 91% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Schwab US Aggregate Bond ETF™ has a portfolio turnover rate of 37%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Intermediate Core Bond category.
Recently, in the month of June 2026, Schwab US Aggregate Bond ETF™ returned 0.2%, which earned it a grade of D, as the Intermediate Core Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Schwab US Aggregate Bond ETF™ has a trailing yield of 4.10%, which is below the 4.35% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Schwab US Aggregate Bond ETF™ Grades
Year to date, the ETF has returned 0.7%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.8% over the past year (grade of D), 4.1% over the past three years (grade of D) and 0.0% per year over the past five years (grade of D) and 1.5% per year over the past 10 years (grade of F).
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SCHZ Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SCHZ Return (NAV) | 0.2% | 0.6% | 3.8% | 4.1% | 0.0% | 1.5% |
| SCHZ Return (Price) | 0.2% | 0.6% | 3.7% | 4.1% | 0.0% | 1.5% |
| NAV +/- Price Return | 0.044% | 0.001% | 0.091% | 0.046% | 0.009% | 0.018% |
| Intermediate Core Bond Avg | 0.2% | 0.8% | 4.1% | 4.4% | 0.2% | 1.7% |
| SCHZ Grade (NAV) | D | D | D | D | D | F |
| +/- Category (NAV) | -0.0% | -0.2% | -0.3% | -0.3% | -0.1% | -0.2% |
| SCHZ Tax-Cost Ratio | na | na | 1.7% | 1.6% | 1.4% | 1.2% |
SCHZ Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SCHZ Return (NAV) | 0.7% | 7.2% | 1.3% | 5.5% | -13.1% | -1.7% | 7.5% | 8.6% | -0.1% | 3.5% | 2.5% |
| SCHZ Return (Price) | 0.7% | 7.2% | 1.3% | 5.6% | -13.2% | -1.7% | 7.5% | 8.6% | -0.0% | 3.5% | 2.2% |
| NAV +/- Price Ret | -0.060% | 0.007% | -0.002% | 0.013% | 0.006% | -0.010% | -0.005% | -0.0% | -62.3% | 1.1% | -11.2% |
| Intermediate Core Bond Avg | 0.9% | 7.1% | 1.9% | 6.0% | -13.2% | -1.5% | 7.6% | 9.1% | -0.5% | 3.7% | 3.0% |
| SCHZ Grade (NAV) | C | C | F | D | A | D | C | D | B | F | F |
| +/- Category | -0.1% | 0.1% | -0.6% | -0.5% | 0.1% | -0.3% | -0.1% | -0.4% | 0.4% | -0.3% | -0.6% |
| Risk Measures | |
| Beta: | 0.99 |
| R-Squared: | 100% |
| Standard Deviation: | 5.5% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.45 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.1% |
| Total Assets: | $ 10,602 Mil |
| Share Class Assets: | $ 10,602 Mil |
| Turnover: | 37.0% |
| Expense Ratio: | 0.03% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 15.0 years | |||
| Average Tenure: 15.0 years | |||
| Managers (Year): Hung Steven (2011), Portillo Alfonso (2011), Hastings Matthew (2011) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 12326 |
| % in Top 10 Holdings: | 3.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 91.7% |
| Foreign Bond: | 6.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Schwab ETFs |
| Phone Number: | 877-824-5615 |
| Website: | www.csimfunds.com. |
| Inception Date: | July 14, 2011 |
Expenses and Fees
| Expense Ratio (%): | 0.03% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.32% |
