BBLB vs. SCHO
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while SCHO tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 4.25%/yr for SCHO. Their 0.63 correlation means they have sometimes moved together and sometimes differently. BBLB charges 0.04%/yr vs 0.03%/yr for SCHO.
Performance
BBLB vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, BBLB achieves a -2.53% return, which is significantly lower than SCHO's 0.92% return.
BBLB
- 1D
- 0.72%
- 1M
- -2.86%
- 6M
- -2.32%
- YTD
- -2.53%
- 1Y
- -1.51%
- 3Y*
- -0.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.81%
SCHO
- 1D
- 0.08%
- 1M
- 0.17%
- 6M
- 0.76%
- YTD
- 0.92%
- 1Y
- 2.76%
- 3Y*
- 4.25%
- 5Y*
- 1.90%
- 10Y*
- 1.74%
- ALL TIME*
- 1.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $63.17M | $62.61M | $84.18M |
BBLB vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 4.26% | -7.84% | -2.80% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.92% | 5.49% | 3.65% | 2.81% |
Correlation
The correlation between BBLB and SCHO is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.63 |
The correlation between BBLB and SCHO has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
BBLB vs. SCHO — Risk / Return Rank
BBLB
SCHO
BBLB vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) 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.
| BBLB | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 3.23 | -3.42 |
| Martin ratioReturn relative to average drawdown | -0.42 | 13.51 | -13.94 |
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Drawdowns
BBLB vs. SCHO - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for BBLB and SCHO.
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Drawdown Indicators
| BBLB | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -5.69% | -15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -0.86% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -0.98% | -13.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -10.92% | 0.00% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.61% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.20% | +3.38% |
Volatility
BBLB vs. SCHO - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.34%. This indicates that BBLB'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
| BBLB | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.34% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 1.03% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 1.32% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 2.00% | +11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 1.56% | +12.06% |
BBLB vs. SCHO - Expense Ratio Comparison
BBLB 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
BBLB vs. SCHO - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than SCHO's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.88% | 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
BBLB and SCHO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBLB has higher volatility (2.67%) compared to SCHO (0.34%). In terms of maximum drawdown, BBLB dropped -21.06% vs SCHO's -5.69%.
On 3-year performance, SCHO leads with 4.25% vs -0.80% for BBLB. On fees, SCHO is cheaper at 0.03% per year. On volatility, SCHO has been the lower-risk option at 0.34%. 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 4.25% return vs -0.80%. 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 BBLB.
BBLB has the higher dividend yield at 4.99%, compared with 3.88% for SCHO.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, 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 BBLB and 0.03% for SCHO.
SCHO currently has the higher Sharpe Ratio (2.09 vs -0.16), 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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