DANA vs. SCHO

Last updated Jun 25, 2026

DANA (Dana Limited Volatility ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both exchange-traded funds - DANA is a Short-Term Bond fund actively managed by Dana, while SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. DANA is actively managed, while SCHO is passively managed. At a 0.40 correlation, their price movements are largely independent. DANA charges 0.35%/yr vs 0.03%/yr for SCHO.

Performance

DANA vs. SCHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dana Limited Volatility ETF (DANA) 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, DANA achieves a 0.43% return, which is significantly lower than SCHO's 0.58% return.

DANA

• 1D: 0.26%
• 1M: 0.07%
• YTD: 0.43%
• 6M: 0.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHO

• 1D: 0.17%
• 1M: 0.31%
• YTD: 0.58%
• 6M: 0.71%
• 1Y: 3.09%
• 3Y*: 4.25%
• 5Y*: 1.88%
• 10Y*: 1.70%

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

DANA vs. SCHO - Yearly Performance Comparison

	2026 (YTD)	2025
DANA Dana Limited Volatility ETF	0.43%	1.25%
SCHO Schwab Short-Term U.S. Treasury ETF	0.58%	0.36%

Correlation

The correlation between DANA and SCHO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.40

Return for Risk

DANA vs. SCHO — Risk / Return Rank

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

DANA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHO

SCHO Risk / Return Rank: 81
SCHO Sharpe Ratio Rank: 77
SCHO Sortino Ratio Rank: 87
SCHO Omega Ratio Rank: 83
SCHO Calmar Ratio Rank: 77
SCHO Martin Ratio Rank: 83

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.

DANA vs. SCHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dana Limited Volatility ETF (DANA) 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.

	DANA	SCHO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.21	—
Sortino ratio: Return per unit of downside risk	—	3.52	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	3.62	—
Martin ratio: Return relative to average drawdown	—	15.00	—

Drawdowns

DANA vs. SCHO - Drawdown Comparison

The maximum DANA drawdown since its inception was -1.04%, smaller than the maximum SCHO drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for DANA and SCHO.

Drawdown Indicators

	DANA	SCHO	Difference
Max Drawdown Largest peak-to-trough decline	-1.04%	-5.69%	+4.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.69%	—
Current Drawdown Current decline from peak	-0.47%	-0.10%	-0.37%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.61%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.21%	—

Volatility

Volatility by Period

	DANA	SCHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	1.40%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	1.99%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	1.56%	+1.41%

DANA vs. SCHO - Expense Ratio Comparison

DANA has a 0.35% expense ratio, which is higher than SCHO's 0.03% expense ratio.

Dividends

DANA vs. SCHO - Dividend Comparison

DANA's dividend yield for the trailing twelve months is around 1.46%, less than SCHO's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DANA Dana Limited Volatility ETF	1.46%	0.29%	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	3.90%	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

Can I hold both DANA and SCHO in my portfolio?

DANA and SCHO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DANA or SCHO?

On fees, SCHO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DANA or SCHO?

SCHO is cheaper with a 0.03% expense ratio, compared with 0.35% for DANA.

Which ETF pays a higher dividend yield, DANA or SCHO?

SCHO has the higher dividend yield at 3.90%, compared with 1.46% for DANA.

What is the main difference between DANA and SCHO?

DANA is categorized as Short-Term Bond, while SCHO is Government Bonds. They also come from different issuers: Dana and Charles Schwab. Their fees differ too: 0.35% for DANA and 0.03% for SCHO.