BE vs. SCHO

Last updated Jun 6, 2026

BE (Bloom Energy Corporation) is a stock, while SCHO (Schwab Short-Term U.S. Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Over the past 5 years, BE returned 60.71%/yr vs 1.78%/yr for SCHO. At a correlation of -0.01, they often move in opposite directions.

Performance

BE vs. SCHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bloom Energy Corporation (BE) and Schwab Short-Term U.S. Treasury ETF (SCHO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BE achieves a 203.38% return, which is significantly higher than SCHO's 0.29% return.

BE

• 1D: -9.53%
• 1M: -7.66%
• YTD: 203.38%
• 6M: 121.19%
• 1Y: 1,189.05%
• 3Y*: 159.30%
• 5Y*: 60.71%
• 10Y*: —

SCHO

• 1D: -0.21%
• 1M: -0.23%
• YTD: 0.29%
• 6M: 0.69%
• 1Y: 3.17%
• 3Y*: 4.10%
• 5Y*: 1.78%
• 10Y*: 1.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BE vs. SCHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BE Bloom Energy Corporation	203.38%	291.22%	50.07%	-22.59%	-12.81%	-23.48%	283.67%	-25.15%	-60.08%
SCHO Schwab Short-Term U.S. Treasury ETF	0.29%	5.49%	3.65%	4.31%	-3.87%	-0.64%	3.11%	3.47%	1.39%

Correlation

The correlation between BE and SCHO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018	-0.01

The correlation between BE and SCHO shifts across timeframes, from -0.07 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BE vs. SCHO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BE

BE Risk / Return Rank: 99
BE Sharpe Ratio Rank: 100
BE Sortino Ratio Rank: 98
BE Omega Ratio Rank: 96
BE Calmar Ratio Rank: 100
BE Martin Ratio Rank: 100

SCHO

SCHO Risk / Return Rank: 78
SCHO Sharpe Ratio Rank: 72
SCHO Sortino Ratio Rank: 84
SCHO Omega Ratio Rank: 79
SCHO Calmar Ratio Rank: 75
SCHO Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BE vs. SCHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bloom Energy Corporation (BE) 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.

	BE	SCHO	Difference
Sharpe ratio: Return per unit of total volatility	11.24	2.30	+8.94
Sortino ratio: Return per unit of downside risk	5.11	3.70	+1.41
Omega ratio: Gain probability vs. loss probability	1.65	1.46	+0.19
Calmar ratio: Return relative to maximum drawdown	26.17	3.71	+22.46
Martin ratio: Return relative to average drawdown	82.50	15.90	+66.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BE vs. SCHO - Sharpe Ratio Comparison

The current BE Sharpe Ratio is 11.24, which is higher than the SCHO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of BE and SCHO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BE	SCHO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.24	2.30	+8.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.90	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.99	-0.62

Drawdowns

BE vs. SCHO - Drawdown Comparison

The maximum BE drawdown since its inception was -92.54%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for BE and SCHO.

Drawdown Indicators

	BE	SCHO	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-5.69%	-86.85%
Max Drawdown (1Y) Largest decline over 1 year	-45.94%	-0.86%	-45.08%
Max Drawdown (3Y) Largest decline over 3 years	-53.42%	-0.98%	-52.44%
Max Drawdown (5Y) Largest decline over 5 years	-75.87%	-5.69%	-70.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-5.69%	—
Current Drawdown Current decline from peak	-14.38%	-0.39%	-13.99%
Average Drawdown Average peak-to-trough decline	-52.02%	-0.61%	-51.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.54%	0.20%	+14.34%

Volatility

BE vs. SCHO - Volatility Comparison

Bloom Energy Corporation (BE) has a higher volatility of 27.74% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.45%. This indicates that BE'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.

Volatility by Period

	BE	SCHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.74%	0.45%	+27.29%
Volatility (6M) Calculated over the trailing 6-month period	76.47%	0.93%	+75.54%
Volatility (1Y) Calculated over the trailing 1-year period	106.97%	1.39%	+105.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.80%	1.98%	+83.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.96%	1.56%	+93.40%

Dividends

BE vs. SCHO - Dividend Comparison

BE has not paid dividends to shareholders, while SCHO's dividend yield for the trailing twelve months is around 3.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BE Bloom Energy Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHO Schwab Short-Term U.S. Treasury ETF	3.91%	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

Can I hold both BE and SCHO in my portfolio?

BE and SCHO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BE or SCHO?

BE has higher volatility (27.74%) compared to SCHO (0.45%). In terms of maximum drawdown, BE dropped -92.54% vs SCHO's -5.69%.

Which has better risk-adjusted returns?

BE currently has the higher Sharpe Ratio (11.24 vs 2.30), 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.