SCHZ vs TCPB: Grades, Fees and Holdings Compared

Schwab U.S. Aggregate Bond ETF

SCHZANYSE Arca

Thrivent Core Plus Bond ETF

TCPBBNYSE Arca

Overlap

No data

Expense ratio

SCHZ −0.36pt a year

SCHZ0.03%TCPB0.39%

Avg volume · 30D

SCHZ 58.8×the volume

SCHZ2.37MTCPB40.2K

SCHZ vs TCPB Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%SCHZ−0.1%TCPB

Expense ratio: SCHZ 0.03%, better; TCPB 0.39%
Fund size: SCHZ $10.8B; TCPB $494M
1Y total return: SCHZ −0.2%; TCPB −0.1%, better
Yield (12M): SCHZ 4.27%; TCPB 4.90%, better
Holdings: SCHZ 12610; TCPB 578
Avg volume (30D): SCHZ 2.37M sh, better; TCPB 40.2K sh
NAV per share: SCHZ $22.54; TCPB $49.07
52W range

ETF.net Grade

Pillar letters and Scores for SCHZ, TCPB, with each pillar’s weight
Pillar	SCHZ	TCPB
Cost30% weight	A97Higher	D36
Mission25% weight	A100	A100
Risk15% weight	C47	B61Higher
Tradability15% weight	A85Higher	C41
Holdings10% weight	A78Higher	A70
Durability5% weight	A88Higher	D36

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. SCHZ and TCPB 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 TCPB 57th 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 57BJPIEJPMorgan Income ETFScore 59
Rank 57BTCPBThrivent Core Plus Bond ETFScore 59
Rank 61BBNDCNorthern Trust Core Bond ETFScore 58

Our read on each fund

ETF.net Research

SCHZASchwab U.S. Aggregate Bond ETF

TCPBBThrivent Core Plus Bond ETF

In short

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.

TCPB No data

Stated mandate

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

TCPB No data

Why people hold it

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.

TCPB No data

Worth knowing

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.

TCPB No data

Full SCHZ profile⁠

Full TCPB profile⁠

SCHZ vs TCPB Holdings

How SCHZ and TCPB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile91.0%
Asset classFixed Income100%

Sector

No Sector split for SCHZ and TCPB.

Country, concentration and asset class

Country by domicile

Country weights in SCHZ and TCPB, widest gap first
Country	More in SCHZMore in TCPB	SCHZ	TCPB
United States	SCHZ +7.6 points	94.3%	86.7%
Panama	TCPB +3.5 points	0.3%	3.8%
France	TCPB +1.3 points	0.1%	1.4%
Ireland	TCPB +1.1 points	0.1%	1.2%
Other countries (30)	TCPB +1.6 points	5.2%	6.8%

Concentration

Weight in the 10 largest Holdings

SCHZ4.8%
TCPB19.3%

Securities held

SCHZ12,608
TCPB578

Asset class

SCHZ: Fixed Income
TCPB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SCHZ holds 12,608 securities, TCPB 578.

All 12,611 SCHZ holdings⁠All 561 TCPB 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.

SCHZ vs TCPB Cost

Overpaying TCPB vs SCHZ

$7,260

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

SCHZ 0.03%
$638
TCPB 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

SCHZ 0.03%
TCPB 0.39%
Overpaying

Year by year

Year	SCHZ	TCPB	Overpaying
10	$55	$705	$650
20	$216	$2,725	$2,509
30	$638	$7,898	$7,260

Expense ratio

0.03%SCHZ, cheaper
0.39%TCPB

SCHZ0.03%TCPB0.39%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

SCHZ 2nd cheapest of 114 funds

TCPB 67th cheapest of 114 funds

SCHZ vs TCPB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHZ 4.27%; TCPB 4.90%, better
Payout (12M): SCHZ $0.96; TCPB $2.41
Last payment: SCHZ $0.08; TCPB $0.21
Ex-dividend: SCHZ Oct 1, 2026; TCPB Oct 29, 2026
Paid on: SCHZ Oct 7, 2026; TCPB Oct 30, 2026
Frequency: SCHZ Monthly; TCPB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SCHZMonthly · 45 paymentsAll SCHZ payments⁠

TCPBMonthly · 21 paymentsAll TCPB payments⁠

SCHZ vs TCPB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCHZ 5.6%TCPB 4.3%since Mar 2025
Return per unit of riskSharpe ratio, 3 years: SCHZ 0.17TCPB −0.34since Mar 2025
Worst fallMax drawdown, 5 years: SCHZ −17.5%TCPB −4.6%since Feb 2025
Market sensitivityBeta, 5 years: SCHZ 0.99TCPB 0.07; Market = 1

SCHZ and TCPB 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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SCHZ vs TCPB

In short

Stated mandate

Why people hold it

Worth knowing

How SCHZ and TCPB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

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 SCHZ and TCPB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings