GBND vs SCHZ
Goldman Sachs Core Bond ETF vs Schwab US Aggregate Bond ETF
Which is better, GBND or SCHZ?
Nearly the same fund. SCHZ costs less.
SCHZ has a lower expense ratio. SCHZ led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00.
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 | GBND | SCHZ |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $601M | $10.6B |
| Dividend Yield | 4.01% | 4.33% |
| Holdings | 747 | 24,843 |
| YTD Return | -2.40% | -2.13%Best |
| 1Y Return | -2.18% | -1.99%Best |
| 3Y Return (annualized) | - | +4.41% |
| 5Y Return (annualized) | - | -0.63% |
| Volatility (annualized) | 4.0% | 3.8%Best |
| Max Drawdown | -4.9% | -4.6%Best |
| $10,000 over 1.3 years | $10,090 | $10,098Best |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Jun 24, 2025 | Jul 14, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 26, 2025 to Oct 14, 2026 (1.3 years).
GBND 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 1.3 years both funds cover.
GBND vs SCHZ Performance
Goldman Sachs Core Bond ETF (GBND) is an ETF from Goldman Sachs Asset Management and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year GBND returned -2.18% while SCHZ returned -1.99%. Year to date, GBND is down 2.40% versus a loss of 2.13% for SCHZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GBND has been the more volatile fund, with annualized monthly volatility of 4.0% compared with 3.8% for SCHZ. 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 -4.9% for GBND and -4.6% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GBND charges 0.25% per year while SCHZ charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, GBND currently yields 4.01% against 4.33% for SCHZ.
Holdings Overlap
We hold position weights for 480 holdings in GBND and 10,307 in SCHZ, totalling 52.2% 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, 313 positions appear in both.
313 positions in common, counted across the 480 positions we hold weights for in GBND and 10,307 in SCHZ, against full books of 747 and 24,843.
Top Shared Holdings
| Stock | Weight in GBND | Weight in SCHZ | Difference |
|---|---|---|---|
| T 3.875 11/30/29United States Treasury Note/Bond 3.88 11/30/2029 | 6.48% | 0.11% | 6.37% |
| T 4.5 11/15/54Treasury Bond (Otr) 4.5% Nov 15, 2054 | 2.32% | 0.19% | 2.13% |
| T 4.25 08/15/54Treasury Bond (Otr) 4.25% Aug 15, 2054 | 2.24% | 0.18% | 2.06% |
| T 4.875 08/15/45United States Treasury Note/Bond 4.88 08/15/2045 | 1.57% | 0.13% | 1.44% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | 1.04% | 0.20% | 0.84% |
| FN MA4255Fannie Mae 2 02/01/2051 | 1.20% | 0.02% | 1.18% |
| FNCL 5.5 10/11Fannie Mae Or Freddie Mac 2050-10-01 | 0.79% | 0.20% | 0.59% |
| FNCL 5 10/11Fncl 5 10/26 | 0.61% | 0.26% | 0.35% |
| BAC V5.518 10/25/35Bank Of America Corp Subordinated 10/35 Var % | 0.51% | 0.01% | 0.50% |
| T 5 05/15/45Us Treas Bds 5% 05/15/45 | 0.38% | 0.13% | 0.25% |
You are not choosing between two funds in isolation.
Whichever of GBND 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, GBND or SCHZ?
GBND has an expense ratio of 0.25% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, GBND or SCHZ?
Over the past year GBND returned -2.18% vs -1.99% for SCHZ, so SCHZ leads on 1-year performance. Over the longest common window we track (1 years), GBND annualized +0.69% vs +0.75% for SCHZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GBND or SCHZ?
GBND has been the more volatile fund at 4.0% annualized versus 3.8% for SCHZ. Worst drawdown: GBND -4.9% vs SCHZ -4.6%.
Should I hold both GBND and SCHZ?
GBND and SCHZ have a monthly-return correlation of 1.00, 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, GBND or SCHZ?
GBND yields 4.01% while SCHZ yields 4.33%, so SCHZ currently pays the higher dividend yield.
Is SCHZ better than GBND?
SCHZ has a lower expense ratio. SCHZ led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.