BBIB vs. SCHO
BBIB (JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both Government Bonds funds - BBIB tracks the ICE BofA US Treasury Bond (3-10 Y) while SCHO tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, BBIB returned 3.66%/yr vs 4.23%/yr for SCHO. Their correlation of 0.88 suggests significant overlap in exposure. BBIB charges 0.04%/yr vs 0.03%/yr for SCHO.
Performance
BBIB vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, BBIB achieves a 0.11% return, which is significantly lower than SCHO's 0.58% return.
BBIB
- 1D
- 0.08%
- 1M
- 0.55%
- YTD
- 0.11%
- 6M
- 0.10%
- 1Y
- 2.94%
- 3Y*
- 3.66%
- 5Y*
- —
- 10Y*
- —
SCHO
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.58%
- 6M
- 0.71%
- 1Y
- 3.01%
- 3Y*
- 4.23%
- 5Y*
- 1.88%
- 10Y*
- 1.68%
BBIB vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF | 0.11% | 7.44% | 1.28% | 1.38% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.58% | 5.49% | 3.65% | 2.81% |
Correlation
The correlation between BBIB and SCHO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.88 |
The correlation between BBIB and SCHO has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
BBIB vs. SCHO — Risk / Return Rank
BBIB
SCHO
BBIB vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) and Schwab Short-Term U.S. Treasury ETF (SCHO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBIB | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.52 | -2.46 |
| Martin ratioReturn relative to average drawdown | 2.81 | 14.59 | -11.78 |
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Drawdowns
BBIB vs. SCHO - Drawdown Comparison
The maximum BBIB drawdown since its inception was -6.36%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for BBIB and SCHO.
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Drawdown Indicators
| BBIB | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.36% | -5.69% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -0.86% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -0.98% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -1.52% | -0.10% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -0.61% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.21% | +0.84% |
Volatility
BBIB vs. SCHO - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) has a higher volatility of 1.10% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.48%. This indicates that BBIB's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBIB | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.48% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 0.99% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 1.40% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 1.99% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 1.56% | +3.17% |
BBIB vs. SCHO - Expense Ratio Comparison
BBIB has a 0.04% expense ratio, which is higher than SCHO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBIB vs. SCHO - Dividend Comparison
BBIB's dividend yield for the trailing twelve months is around 3.90%, which matches SCHO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF | 3.90% | 3.95% | 3.76% | 2.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.90% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Frequently Asked Questions
BBIB and SCHO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBIB has higher volatility (1.10%) compared to SCHO (0.48%). In terms of maximum drawdown, BBIB dropped -6.36% vs SCHO's -5.69%.
On 3-year performance, SCHO leads with 4.23% vs 3.66% for BBIB. On fees, SCHO is cheaper at 0.03% per year. On volatility, SCHO has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHO has performed better with a 4.23% return vs 3.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHO is cheaper with a 0.03% expense ratio, compared with 0.04% for BBIB.
BBIB and SCHO have nearly identical dividend yields, around 3.90%.
BBIB tracks ICE BofA US Treasury Bond (3-10 Y), while SCHO tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: JPMorgan and Charles Schwab. Their fees differ too: 0.04% for BBIB and 0.03% for SCHO.
SCHO currently has the higher Sharpe Ratio (2.16 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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