APCB vs SCHZ
ActivePassive Core Bond ETF vs Schwab US Aggregate Bond ETF
Which is better, APCB or SCHZ?
Nearly the same fund. SCHZ costs less.
SCHZ has a lower expense ratio. APCB led over 1Y, SCHZ over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APCB | SCHZ |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $989M | $10.6B |
| Dividend Yield | 4.44% | 4.33% |
| Holdings | 3,770 | 24,843 |
| YTD Return | -2.08%Best | -2.13% |
| 1Y Return | -1.94%Best | -1.99% |
| 3Y Return (annualized) | +3.95% | +4.41%Best |
| 5Y Return (annualized) | - | -0.63% |
| Volatility (annualized) | 5.2%Best | 5.5% |
| Max Drawdown | -6.4%Best | -7.2% |
| $10,000 over 3.4 years | $10,632 | $10,714Best |
| Fund Family | Envestnet Asset Management | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Jul 14, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
APCB vs SCHZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
APCB vs SCHZ Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year APCB returned -1.94% while SCHZ returned -1.99%. Year to date, APCB is down 2.08% versus a loss of 2.13% for SCHZ.
Over three years, APCB compounded at +3.95% per year against +4.41% for SCHZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHZ has been the more volatile fund, with annualized monthly volatility of 5.5% compared with 5.2% for APCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.4% for APCB and -7.2% for SCHZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while SCHZ charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 4.33% for SCHZ.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 10,307 in SCHZ, totalling 75.9% and 61.5% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 608 positions appear in both.
608 positions in common, counted across the 1,221 positions we hold weights for in APCB and 10,307 in SCHZ, against full books of 3,770 and 24,843.
Top Shared Holdings
| Stock | Weight in APCB | Weight in SCHZ | Difference |
|---|---|---|---|
| T 4.375 05/15/34United States Treasury Note/Bondus Treasury N/B | 1.37% | 0.36% | 1.01% |
| T 4.125 03/31/31United States Treasury Note | 0.99% | 0.14% | 0.85% |
| T 3.875 08/15/33Treasury Note (Otr) 3.88% Aug 15, 2033 | 0.71% | 0.32% | 0.39% |
| T 4.25 08/15/35United States Treasury Note/Bond 4.25% 08/15/2035 | 0.61% | 0.37% | 0.24% |
| T 0.625 08/15/30Us Treasury 0.625% Aug 15, 2030 (USD) | 0.56% | 0.28% | 0.28% |
| T 4.25 02/28/31United States Treasury Notes 4.25% Feb 28, 2031 | 0.62% | 0.12% | 0.50% |
| T 1.25 08/15/31U.S. Treasury Note, 1.25%, Due 08/15/2031 | 0.40% | 0.31% | 0.09% |
| T 0.875 11/15/30U.S. Treasury Note 0.875%, 11/15/30 | 0.39% | 0.30% | 0.09% |
| T 1.125 02/15/31Us Treasury N/B 02/31 1.125 1.125% 15-Feb-2031 | 0.37% | 0.29% | 0.08% |
| T 4.25 11/15/34Us Treas Nts 4.25% 11/15/34 | 0.27% | 0.37% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of APCB and SCHZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APCB or SCHZ?
APCB has an expense ratio of 0.36% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, APCB or SCHZ?
Over the past year APCB returned -1.94% vs -1.99% for SCHZ, so APCB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or SCHZ?
SCHZ has been the more volatile fund at 5.5% annualized versus 5.2% for APCB. Worst drawdown: APCB -6.4% vs SCHZ -7.2%.
Should I hold both APCB and SCHZ?
APCB and SCHZ have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APCB or SCHZ?
APCB yields 4.44% while SCHZ yields 4.33%, so APCB currently pays the higher dividend yield.
Is SCHZ better than APCB?
SCHZ has a lower expense ratio. APCB led over 1Y, SCHZ over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.