Schwab U.S. Aggregate Bond ETF (SCHZ) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Schwab U.S. Aggregate Bond ETF (SCHZ) operates in the Financial Services sector, specifically the Asset Management - Bonds industry, with a market capitalization near $10.04B, listed on AMEX, carrying a beta of 0.99 to the broader market. The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the broad U. public since 2011-07-14.
Snapshot as of May 15, 2026.
- Spot Price
- $22.93
- ATM IV
- 50.0%
- HV 20-Day
- 4.3%
- HV 60-Day
- 4.9%
- IV Rank
- 11.7%
- IV Percentile
- 94.4%
As of May 15, 2026, Schwab U.S. Aggregate Bond ETF (SCHZ) ATM implied volatility is 50.0%. 20-day realized volatility is 4.3%, producing an IV-HV spread of +45.7 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 11.7%.
How SCHZ iv/hv history Data Feeds Strategy Selection
Strategy selection on Schwab U.S. Aggregate Bond ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 50.0% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked SCHZ iv/hv history questions
- Is SCHZ options pricing rich or cheap right now?
- As of May 15, 2026, Schwab U.S. Aggregate Bond ETF (SCHZ) ATM IV is 50.0% against 20-day realized volatility of 4.3%. IV rank is 11.7%. SCHZ options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 45.7 vol points.
- What is the SCHZ variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. SCHZ is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does SCHZ IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. SCHZ's current rank of 11.7% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.