FLCB vs SCHZ
Franklin US Core Bond ETF vs Schwab US Aggregate Bond ETF
Which is better, FLCB or SCHZ?
Nearly the same fund. SCHZ costs less.
SCHZ has a lower expense ratio. FLCB led over 3Y and 5Y, SCHZ over 1Y 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 | FLCB | SCHZ |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $3.1B | $10.6B |
| Dividend Yield | 4.50% | 4.33% |
| Holdings | 642 | 24,843 |
| YTD Return | -2.14% | -2.13%Best |
| 1Y Return | -2.11% | -1.99%Best |
| 3Y Return (annualized) | +4.58%Best | +4.41% |
| 5Y Return (annualized) | -0.62%Best | -0.63% |
| Volatility (annualized) | 5.7%Best | 5.9% |
| Max Drawdown | -20.4% | -19.7%Best |
| $10,000 over 5 years | $9,694Best | $9,689 |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Sep 17, 2019 | Jul 14, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Sep 19, 2019 to Oct 14, 2026 (7.1 years).
FLCB 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 7.1 years both funds cover.
FLCB vs SCHZ Performance
Franklin US Core Bond ETF (FLCB) is an ETF from Franklin Templeton Investments (US) and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year FLCB returned -2.11% while SCHZ returned -1.99%. Year to date, FLCB is down 2.14% versus a loss of 2.13% for SCHZ.
Over three years, FLCB compounded at +4.58% per year against +4.41% for SCHZ; over five years the annualized figures are -0.62% and -0.63% respectively. Across the full 7-year window we track, SCHZ has the edge at -0.03% annualized vs -0.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHZ has been the more volatile fund, with annualized monthly volatility of 5.9% compared with 5.7% for FLCB. 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 -20.4% for FLCB and -19.7% 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
FLCB charges 0.15% per year while SCHZ charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FLCB currently yields 4.50% against 4.33% for SCHZ.
Holdings Overlap
We hold position weights for 342 holdings in FLCB and 10,307 in SCHZ, totalling 61.0% 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, 233 positions appear in both.
233 positions in common, counted across the 342 positions we hold weights for in FLCB and 10,307 in SCHZ, against full books of 642 and 24,843.
Top Shared Holdings
| Stock | Weight in FLCB | Weight in SCHZ | Difference |
|---|---|---|---|
| FNCL 5.5 10/11Fannie Mae Or Freddie Mac 2050-10-01 | 2.03% | 0.20% | 1.83% |
| T 1.375 12/31/28Treasury Note (Otr) 1.38% Dec 31, 2028 | 1.79% | 0.17% | 1.62% |
| FNCL 5 10/11Fncl 5 10/26 | 1.70% | 0.26% | 1.44% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | 1.41% | 0.20% | 1.21% |
| FNCL 3.5 10/11Fnma Tba 10/01/2049 | 1.10% | 0.17% | 0.93% |
| T 4 10/31/29Us Treasury N/B 4 10/29 | 1.03% | 0.11% | 0.92% |
| T 1.375 08/15/50United States Treas Bds 1.375% 08/15/2050 | 1.03% | 0.09% | 0.94% |
| T 4.75 08/15/55Wi Treasury Sec 08/55 4.75 | 0.91% | 0.20% | 0.71% |
| FNCL 4 10/11Fannie Mae Or Freddie Mac 2168-10-10 | 0.83% | 0.10% | 0.73% |
| T 2 11/15/41Us Treas Bds 2% 11/15/41 | 0.75% | 0.13% | 0.62% |
You are not choosing between two funds in isolation.
Whichever of FLCB 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, FLCB or SCHZ?
FLCB has an expense ratio of 0.15% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FLCB or SCHZ?
Over the past year FLCB returned -2.11% vs -1.99% for SCHZ, so SCHZ leads on 1-year performance. Over the longest common window we track (7 years), FLCB annualized -0.06% vs -0.03% for SCHZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCB or SCHZ?
SCHZ has been the more volatile fund at 5.9% annualized versus 5.7% for FLCB. Worst drawdown: FLCB -20.4% vs SCHZ -19.7%.
Should I hold both FLCB and SCHZ?
FLCB 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, FLCB or SCHZ?
FLCB yields 4.50% while SCHZ yields 4.33%, so FLCB currently pays the higher dividend yield.
Is SCHZ better than FLCB?
SCHZ has a lower expense ratio. FLCB led over 3Y and 5Y, SCHZ over 1Y 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.