BSBSX vs. SCHO
Compare and contrast key facts about Baird Short-Term Bond Fund Investor Class (BSBSX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
BSBSX is a passively managed fund by Baird that tracks the performance of the Bloomberg 1-3 Year U.S. Government/Credit Index. It was launched on Sep 19, 2012. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010. Both BSBSX and SCHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BSBSX vs. SCHO - Performance Comparison
Loading graphics...
BSBSX vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSBSX Baird Short-Term Bond Fund Investor Class | 0.21% | 5.41% | 4.73% | 5.39% | -3.88% | -0.57% | 3.87% | 4.42% | 1.24% | 1.28% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.26% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Returns By Period
In the year-to-date period, BSBSX achieves a 0.21% return, which is significantly lower than SCHO's 0.26% return. Over the past 10 years, BSBSX has outperformed SCHO with an annualized return of 2.26%, while SCHO has yielded a comparatively lower 1.72% annualized return.
BSBSX
- 1D
- 0.11%
- 1M
- -0.41%
- YTD
- 0.21%
- 6M
- 1.16%
- 1Y
- 3.89%
- 3Y*
- 4.75%
- 5Y*
- 2.20%
- 10Y*
- 2.26%
SCHO
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.26%
- 6M
- 1.27%
- 1Y
- 3.69%
- 3Y*
- 4.00%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BSBSX vs. SCHO - Expense Ratio Comparison
BSBSX has a 0.55% expense ratio, which is higher than SCHO's 0.03% expense ratio.
Return for Risk
BSBSX vs. SCHO — Risk / Return Rank
BSBSX
SCHO
BSBSX vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Investor Class (BSBSX) 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.
| BSBSX | SCHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 2.44 | +0.10 |
Sortino ratioReturn per unit of downside risk | 3.98 | 3.92 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.50 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 4.79 | 4.42 | +0.37 |
Martin ratioReturn relative to average drawdown | 19.62 | 17.32 | +2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BSBSX | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.44 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.92 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.35 | 1.11 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 1.00 | +0.30 |
Correlation
The correlation between BSBSX and SCHO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BSBSX vs. SCHO - Dividend Comparison
BSBSX's dividend yield for the trailing twelve months is around 4.05%, more than SCHO's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBSX Baird Short-Term Bond Fund Investor Class | 4.05% | 4.10% | 4.08% | 3.16% | 1.54% | 1.17% | 2.37% | 2.24% | 1.96% | 1.49% | 1.35% | 1.37% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.98% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Drawdowns
BSBSX vs. SCHO - Drawdown Comparison
The maximum BSBSX drawdown since its inception was -6.29%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for BSBSX and SCHO.
Loading graphics...
Drawdown Indicators
| BSBSX | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -5.69% | -0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -0.86% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.29% | -5.69% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | -5.69% | -0.60% |
Current DrawdownCurrent decline from peak | -0.51% | -0.43% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -0.61% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.22% | -0.02% |
Volatility
BSBSX vs. SCHO - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Investor Class (BSBSX) is 0.48%, while Schwab Short-Term U.S. Treasury ETF (SCHO) has a volatility of 0.52%. This indicates that BSBSX experiences smaller price fluctuations and is considered to be less risky than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BSBSX | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.52% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 0.87% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 1.52% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 1.97% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 1.55% | +0.12% |