CGSD vs. SCHO
CGSD (Capital Group Short Duration Income ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both exchange-traded funds - CGSD is a Short-Term Bond fund actively managed by Capital Group, while SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. CGSD is actively managed, while SCHO is passively managed. Over the past 3 years, CGSD returned 5.29%/yr vs 4.31%/yr for SCHO. Their 0.74 correlation means they have sometimes moved together and sometimes differently. CGSD charges 0.25%/yr vs 0.03%/yr for SCHO.
Performance
CGSD vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, CGSD achieves a 1.06% return, which is significantly higher than SCHO's 0.79% return.
CGSD
- 1D
- 0.01%
- 1M
- 0.05%
- 6M
- 0.74%
- YTD
- 1.06%
- 1Y
- 3.28%
- 3Y*
- 5.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.07%
SCHO
- 1D
- -0.04%
- 1M
- 0.04%
- 6M
- 0.58%
- YTD
- 0.79%
- 1Y
- 2.63%
- 3Y*
- 4.31%
- 5Y*
- 1.87%
- 10Y*
- 1.72%
- ALL TIME*
- 1.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.97M | $11.74M | $11.40M | |
| $59.23M | $61.44M | $84.14M |
CGSD vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 1.06% | 6.11% | 5.46% | 5.03% | 1.38% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.79% | 5.49% | 3.65% | 4.31% | 0.75% |
Correlation
The correlation between CGSD and SCHO is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.74 |
The correlation between CGSD and SCHO has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
CGSD vs. SCHO — Risk / Return Rank
CGSD
SCHO
CGSD vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) 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.
| CGSD | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.45 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.66 | -0.29 |
| Martin ratioReturn relative to average drawdown | 15.73 | 15.34 | +0.39 |
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Drawdowns
CGSD vs. SCHO - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum SCHO drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for CGSD and SCHO.
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Drawdown Indicators
| CGSD | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -5.69% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -0.86% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -0.98% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.04% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.61% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.20% | +0.04% |
Volatility
CGSD vs. SCHO - Volatility Comparison
Capital Group Short Duration Income ETF (CGSD) has a higher volatility of 0.42% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.37%. This indicates that CGSD'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
| CGSD | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.37% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 1.03% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 1.41% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 2.00% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 1.56% | +0.58% |
CGSD vs. SCHO - Expense Ratio Comparison
CGSD has a 0.25% 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
CGSD vs. SCHO - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.46%, more than SCHO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.53% | 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
CGSD and SCHO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGSD has higher volatility (0.42%) compared to SCHO (0.37%). In terms of maximum drawdown, CGSD dropped -1.75% vs SCHO's -5.69%.
On 3-year performance, CGSD leads with 5.29% vs 4.31% for SCHO. On fees, SCHO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGSD has performed better with a 5.29% return vs 4.31%. 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 0.25% for CGSD.
CGSD has the higher dividend yield at 4.46%, compared with 3.53% for SCHO.
CGSD is categorized as Short-Term Bond, while SCHO is Government Bonds. They also come from different issuers: Capital Group and Charles Schwab. Their fees differ too: 0.25% for CGSD and 0.03% for SCHO.
CGSD currently has the higher Sharpe Ratio (2.61 vs 2.24), 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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