HCRB vs SCHZ
Hartford Core Bond ETF vs Schwab US Aggregate Bond ETF
Which is better, HCRB or SCHZ?
Nearly the same fund. SCHZ costs less.
SCHZ has a lower expense ratio. HCRB led over the full window, SCHZ over 1Y, 3Y and 5Y. 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 | HCRB | SCHZ |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $437M | $10.6B |
| Dividend Yield | 4.22% | 4.33% |
| Holdings | 1,642 | 24,843 |
| YTD Return | -5.38% | -2.13%Best |
| 1Y Return | -5.81% | -1.99%Best |
| 3Y Return (annualized) | +3.63% | +4.41%Best |
| 5Y Return (annualized) | -1.26% | -0.63%Best |
| Volatility (annualized) | 6.3% | 6.0%Best |
| Max Drawdown | -19.9% | -19.7%Best |
| $10,000 over 5 years | $9,386 | $9,689Best |
| Fund Family | Hartford Funds | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Feb 19, 2020 | Jul 14, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Feb 20, 2020 to Oct 14, 2026 (6.6 years).
HCRB 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 6.6 years both funds cover.
HCRB vs SCHZ Performance
Hartford Core Bond ETF (HCRB) is an ETF from Hartford Funds and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year HCRB returned -5.81% while SCHZ returned -1.99%. Year to date, HCRB is down 5.38% versus a loss of 2.13% for SCHZ.
Over three years, HCRB compounded at +3.63% per year against +4.41% for SCHZ; over five years the annualized figures are -1.26% and -0.63% respectively. Across the full 7-year window we track, HCRB has the edge at -0.21% annualized vs -0.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCRB has been the more volatile fund, with annualized monthly volatility of 6.3% compared with 6.0% 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 -19.9% for HCRB 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
HCRB charges 0.29% per year while SCHZ charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, HCRB currently yields 4.22% against 4.33% for SCHZ.
Holdings Overlap
We hold position weights for 493 holdings in HCRB and 10,307 in SCHZ, totalling 65.2% 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, 262 positions appear in both.
262 positions in common, counted across the 493 positions we hold weights for in HCRB and 10,307 in SCHZ, against full books of 1,642 and 24,843.
Top Shared Holdings
| Stock | Weight in HCRB | Weight in SCHZ | Difference |
|---|---|---|---|
| T 6.125 08/15/29Us Treasury N/B 08/29 6.125 | 3.26% | 0.01% | 3.25% |
| T 4.25 11/15/34Us Treas Nts 4.25% 11/15/34 | 1.86% | 0.37% | 1.49% |
| T 4.375 05/15/34United States Treasury Note/Bondus Treasury N/B | 1.62% | 0.36% | 1.26% |
| T 4.625 05/31/31Us Treas Nts 4.625% 05/31/31 | 1.63% | 0.13% | 1.50% |
| T 4.375 01/31/32Treasury Note (Otr) 4.38% Jan 31, 2032 | 1.56% | 0.14% | 1.42% |
| T 3.625 08/31/29United States Treasury Note/Bond - When Issued 3.63% 31Aug2029 | 1.33% | 0.22% | 1.11% |
| FNCL 5 10/11Fncl 5 10/26 | 1.28% | 0.26% | 1.02% |
| T 4.5 11/15/54Treasury Bond (Otr) 4.5% Nov 15, 2054 | 1.32% | 0.19% | 1.13% |
| T 3.75 05/31/30Treasury Note (Otr) 3.75% May 31, 2030 | 1.37% | 0.10% | 1.27% |
| T 1.875 02/15/32Treasury Note (Otr) 1.88% Feb 15, 2032 | 1.03% | 0.29% | 0.74% |
You are not choosing between two funds in isolation.
Whichever of HCRB 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, HCRB or SCHZ?
HCRB has an expense ratio of 0.29% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, HCRB or SCHZ?
Over the past year HCRB returned -5.81% vs -1.99% for SCHZ, so SCHZ leads on 1-year performance. Over the longest common window we track (7 years), HCRB annualized -0.21% vs -0.31% for SCHZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCRB or SCHZ?
HCRB has been the more volatile fund at 6.3% annualized versus 6.0% for SCHZ. Worst drawdown: HCRB -19.9% vs SCHZ -19.7%.
Should I hold both HCRB and SCHZ?
HCRB 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, HCRB or SCHZ?
HCRB yields 4.22% while SCHZ yields 4.33%, so SCHZ currently pays the higher dividend yield.
Is SCHZ better than HCRB?
SCHZ has a lower expense ratio. HCRB led over the full window, SCHZ over 1Y, 3Y and 5Y. 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.