DOW vs. SCHO
DOW (Dow Inc.) 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, DOW returned -8.17%/yr vs 1.90%/yr for SCHO. Their -0.10 correlation means they have often moved in opposite directions in the past.
Performance
DOW vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, DOW achieves a 32.60% return, which is significantly higher than SCHO's 0.92% return.
DOW
- 1D
- 1.47%
- 1M
- 9.46%
- 6M
- 1.68%
- YTD
- 32.60%
- 1Y
- 47.83%
- 3Y*
- -12.84%
- 5Y*
- -8.17%
- 10Y*
- —
- ALL TIME*
- -2.06%
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) |
|---|---|---|---|
DOW Dow Inc. | $344.77M | $312.36M | $375.46M |
| $63.17M | $62.61M | $84.18M |
DOW vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 32.60% | -37.38% | -22.79% | 14.71% | -6.65% | 6.81% | 7.88% | 8.40% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.92% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 2.99% |
Correlation
The correlation between DOW and SCHO is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | -0.10 |
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Return for Risk
DOW vs. SCHO — Risk / Return Rank
DOW
SCHO
DOW vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) 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.
| DOW | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.23 | -1.85 |
| Martin ratioReturn relative to average drawdown | 3.64 | 13.51 | -9.87 |
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Drawdowns
DOW vs. SCHO - Drawdown Comparison
The maximum DOW drawdown since its inception was -64.37%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for DOW and SCHO.
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Drawdown Indicators
| DOW | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.37% | -5.69% | -58.68% |
Max Drawdown (1Y)Largest decline over 1 year | -34.81% | -0.86% | -33.95% |
Max Drawdown (3Y)Largest decline over 3 years | -62.16% | -0.98% | -61.18% |
Max Drawdown (5Y)Largest decline over 5 years | -64.37% | -5.64% | -58.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -45.51% | 0.00% | -45.51% |
Average DrawdownAverage peak-to-trough decline | -23.24% | -0.61% | -22.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | 0.20% | +12.96% |
Volatility
DOW vs. SCHO - Volatility Comparison
Dow Inc. (DOW) has a higher volatility of 11.56% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.34%. This indicates that DOW'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
| DOW | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.56% | 0.34% | +11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 32.63% | 1.03% | +31.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.03% | 1.32% | +43.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.88% | 2.00% | +31.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.67% | 1.56% | +37.11% |
Dividends
DOW vs. SCHO - Dividend Comparison
DOW's dividend yield for the trailing twelve months is around 4.62%, more than SCHO's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 4.62% | 8.98% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 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
DOW and SCHO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOW has higher volatility (11.56%) compared to SCHO (0.34%). In terms of maximum drawdown, DOW dropped -64.37% vs SCHO's -5.69%.
SCHO currently has the higher Sharpe Ratio (2.09 vs 1.07), 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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