FCBD vs SCHZ: Grades, Fees and Holdings Compared

Frontier Asset Core Bond ETF

FCBDCNYSE Arca

Schwab U.S. Aggregate Bond ETF

SCHZANYSE Arca

Overlap

0.0%by weight

Expense ratio

SCHZ −0.81pt a year

FCBD0.84%SCHZ0.03%

Avg volume · 30D

SCHZ 774.7×the volume

FCBD3.06KSCHZ2.37M

FCBD vs SCHZ Performance

Oct 31, 2025 – Oct 30, 2026

+0.8%FCBD−0.2%SCHZ

Expense ratio: FCBD 0.84%; SCHZ 0.03%, better
Fund size: FCBD $40M; SCHZ $10.8B
1Y total return: FCBD +0.8%, better; SCHZ −0.2%
Yield (12M): FCBD 4.09%; SCHZ 4.27%, better
Holdings: FCBD 8; SCHZ 12610
Avg volume (30D): FCBD 3.06K sh; SCHZ 2.37M sh, better
NAV per share: FCBD $24.93; SCHZ $22.54
52W range

ETF.net Grade

Pillar letters and Scores for FCBD, SCHZ, with each pillar’s weight
Pillar	FCBD	SCHZ
Cost30% weight	F4	A97Higher
Mission25% weight	A84	A100Higher
Risk15% weight	B64Higher	C47
Tradability15% weight	C41	A85Higher
Holdings10% weight	D33	A78Higher
Durability5% weight	F15	A88Higher

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. FCBD and SCHZ are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds

See all 114 ›

SCHZ ranks 2nd and FCBD 93rd of 114 funds in the US Aggregate Bond Category.

Rank 1AAGGiShares Core U.S. Aggregate Bond ETFScore 87
Rank 2AIUSBiShares Core Universal USD Bond ETFScore 86
Rank 2ASCHZSchwab U.S. Aggregate Bond ETFScore 86
Rank 2ASPABState Street SPDR Portfolio Aggregate Bond ETFScore 86
Rank 93CDMXDoubleLine Multi-Sector Income ETFScore 42
Rank 93CFCBDFrontier Asset Core Bond ETFScore 42
Rank 93CLDSFFirst Trust Low Duration Strategic Focus ETFScore 42

Our read on each fund

ETF.net Research

FCBDCFrontier Asset Core Bond ETF

SCHZASchwab U.S. Aggregate Bond ETF

In short

FCBD No data

SCHZ Schwab's core bond holding: the broad U.S. investment-grade bond market, over 10,000 issues deep, for 0.03% a year. That is the floor of a category whose median fee is more than ten times higher. Running since 2011, pays monthly.

Stated mandate

FCBD No data

SCHZ The fund seeks to track the total return of an index representing the broad U.S. investment-grade bond market.

Why people hold it

FCBD No data

SCHZ 0.03% a year sits at the category floor, against a cohort median of 0.36%. Only a short list of aggregate-bond funds matches it, including AGG, BND and SPAB.
Tracks the Bloomberg US Aggregate Bond Index tightly, one of the cleanest index implementations among the 187 funds in its peer group.schwabassetmanagement.com
One ticker, thousands of investment-grade U.S. bonds, income paid monthly. The plumbing of a bond portfolio without buying a single bond yourself.
Live since 2011 and now a multi-billion-dollar fund that trades actively, so trading costs on ordinary retail-sized orders tend to be minor.

Worth knowing

FCBD No data

SCHZ This is duration exposure, not a cash substitute. Interest-rate moves, not credit selection, drive most of the ride, and that is the weakest part of its risk profile.
Investment grade and U.S. only: no high-yield, no foreign bonds. Funds like BNDX cover the international side of the cohort.
The aggregate-bond aisle is commoditized. Against AGG, BND and SPAB at the same 0.03%, the differences come down to index variant and where you already custody, not fee.

Full FCBD profile⁠

Full SCHZ profile⁠

FCBD vs SCHZ Holdings

How FCBD and SCHZ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of FCBD and 0.0% of SCHZ.

Level by level

Asset classEquity, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile94.3%

Sector

No Sector split for SCHZ.

Country, concentration and asset class

Country by domicile

Country weights in FCBD and SCHZ, widest gap first
Country	More in FCBDMore in SCHZ	FCBD	SCHZ
United States	FCBD +5.7 points	100.0%	94.3%
Canada	SCHZ +1.1 points	0.0%	1.1%
United Kingdom	SCHZ +0.8 points	0.0%	0.8%
Japan	SCHZ +0.5 points	0.0%	0.5%
Other countries (26)	SCHZ +3.2 points	0.0%	3.2%

Concentration

Weight in the 10 largest Holdings

FCBD100.0%
SCHZ4.8%

Securities held

FCBD7
SCHZ12,608

Asset class

FCBD: Equity
SCHZ: Fixed Income

Holdings

Only in FCBD7
In both0
Only in SCHZ12,608

Only in FCBD

7 securities, 98.7% of FCBD by weight

Vanguard Intermediate-Term T24.66%
Tcw Flexible Income Etf23.91%
JPMorgan Core Plus Bond Etf18.20%
Regan Floating Rate Mbs Etf10.08%
Wisdomtree Floating Rate Tre10.06%
JPMorgan Ultra-Short Income6.54%
Ishares Investment Grade Sys5.25%

Only in SCHZ

12,608 securities, 100% of SCHZ by weight

Ssc Government Mm Gvmxx1.49%
Treasury Note 4.38% 05/15/2036 (BBG0221YLR31)0.39%
Treasury Note 4.13% 02/15/2036 (BBG01ZZ4GDR9)0.39%
Treasury Note 4.63% 02/15/2035 (BBG01S53LJM6)0.37%
Treasury Note 4.25% 08/15/2035 (BBG01WCQ4BQ0)0.37%
Treasury Note 4.25% 11/15/2034 (BBG01QKHSMP5)0.36%
Treasury Note 3.88% 08/15/2034 (BBG01P1YBJQ5)0.36%
Treasury Note 4.38% 05/15/2034 (BBG01MPC8VJ9)0.36%
Treasury Note 4.25% 05/15/2035 (BBG01TQR9HY3)0.36%
Treasury Note 4.00% 11/15/2035 (BBG01Y9RFK31)0.36%
Treasury Note 4.50% 11/15/2033 (BBG01JZY4GQ6)0.36%
Treasury Note 3.50% 01/31/2028 (BBG01CGJ5RZ0)0.36%
Treasury Note 4.00% 02/15/2034 (BBG01L8YJFB3)0.36%
Treasury Note 4.00% 02/28/2030 (BBG01FC87YK0)0.33%
Treasury Note 3.88% 08/15/2033 (BBG01HQWRSG4)0.32%
Treasury Note 1.25% 08/15/2031 (BBG0121BH241)0.31%
Treasury Note 1.38% 11/15/2031 (BBG013BNT3Y4)0.30%
Treasury Note 4.13% 11/15/2032 (BBG01BC373F4)0.30%
Treasury Note 0.88% 11/15/2030 (BBG00Y2NNDT7)0.30%
Treasury Note 1.88% 02/15/2032 (BBG0152KF7T7)0.29%
Treasury Note 2.88% 05/15/2032 (BBG01773LMG0)0.29%
Treasury Note 1.63% 05/15/2031 (BBG010SWJ5N0)0.29%
Treasury Note 3.50% 02/15/2033 (BBG01DVKBC66)0.29%
Treasury Note 1.13% 02/15/2031 (BBG00Z4HNDG9)0.29%
Treasury Note 0.63% 08/15/2030 (BBG00WHMH2P2)0.28%
Treasury Note 3.38% 05/15/2033 (BBG01GJ2R4D6)0.28%
Treasury Note 4.63% 08/15/2036 (BBG02444V9S2)0.28%
Treasury Note 2.75% 08/15/2032 (BBG01920ZBH5)0.28%
Umbs 30YR Tba(Reg A) 5.00% 11/12/20260.27%
Treasury Note 3.38% 12/31/2027 (BBG01Z1PSLF1)0.26%
Treasury Note 4.00% 05/31/2028 (BBG022DR1NF1)0.26%
Treasury Note 5.00% 09/30/2031 (BBG0251768H7)0.24%
Treasury Note 4.75% 09/30/2028 (BBG0251768M1)0.24%
Treasury Note 3.63% 09/30/2030 (BBG01X7RGB89)0.23%
Treasury Note 4.25% 07/31/2028 (BBG023TGDN54)0.23%
Treasury Note 4.38% 08/31/2031 (BBG024DLZ8J2)0.23%
Treasury Note 3.63% 12/31/2030 (BBG01Z1PSLK5)0.23%
Treasury Note 4.38% 07/31/2031 (BBG023TGDMW6)0.23%
Treasury Note 4.63% 04/30/2029 (BBG01MJJ8508)0.23%
Treasury Note 3.63% 10/31/2030 (BBG01Y0MGW70)0.23%
Treasury Note 3.88% 04/30/2031 (BBG021RVWR11)0.22%
Treasury Bond 5.00% 05/15/2056 (BBG0221YLR40)0.22%
Treasury Note 3.50% 09/30/2029 (BBG01PXLG716)0.22%
Treasury Note 4.25% 01/31/2030 (BBG01RYZYM80)0.22%
Treasury Note 4.13% 06/30/2028 (BBG022ZR1Z79)0.22%
Treasury Note 3.50% 02/28/2031 (BBG020BMV760)0.22%
Treasury Note 4.38% 12/31/2029 (BBG01RF3D5B8)0.22%
Treasury Note 3.38% 02/29/2028 (BBG020BMV715)0.22%
Treasury Note 4.00% 03/31/2030 (BBG01SW0B5W2)0.22%
Treasury Note 3.88% 07/31/2030 (BBG01W7BW7X9)0.22%

Weight gaps

FCBD and SCHZ share no securities.

All FCBD holdings⁠All 12,611 SCHZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FCBD vs SCHZ Cost

Overpaying FCBD vs SCHZ

$15,391

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FCBD 0.84%
$16,029
SCHZ 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FCBD 0.84%
SCHZ 0.03%
Overpaying

Year by year

Year	FCBD	SCHZ	Overpaying
10	$1,491	$55	$1,436
20	$5,643	$216	$5,427
30	$16,029	$638	$15,391

Expense ratio

0.84%FCBD
0.03%SCHZ, cheaper

SCHZ0.03%FCBD0.84%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

SCHZ 2nd cheapest of 114 funds

FCBD 109th cheapest of 114 funds

FCBD vs SCHZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FCBD 4.09%; SCHZ 4.27%, better
Payout (12M): FCBD $1.02; SCHZ $0.96
Last payment: FCBD $0.23; SCHZ $0.08
Ex-dividend: FCBD Sep 29, 2026; SCHZ Oct 1, 2026
Paid on: FCBD Oct 6, 2026; SCHZ Oct 7, 2026
Frequency: FCBD Quarterly; SCHZ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FCBDQuarterly · 8 paymentsAll FCBD payments⁠

SCHZMonthly · 45 paymentsAll SCHZ payments⁠

FCBD vs SCHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FCBD 2.8%since Jan 2025SCHZ 5.6%
Return per unit of riskSharpe ratio, 3 years: FCBD −0.19since Jan 2025SCHZ 0.17
Worst fallMax drawdown, 5 years: FCBD −2.7%since Dec 2024SCHZ −17.5%
Market sensitivityBeta, 5 years: FCBD 0.06SCHZ 0.99; Market = 1

FCBD and SCHZ in the news

All news⁠

Best ETFs
Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them
Updated Oct 2, 2026SCHZ

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FCBD vs SCHZ

In short

Stated mandate

Why people hold it

Worth knowing

How FCBD and SCHZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FCBD

Only in SCHZ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them

How FCBD and SCHZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FCBD

Only in SCHZ

Weight gaps