FSHBX vs. SCHO
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHBX or SCHO.
Key characteristics
| FSHBX | SCHO | |
|---|---|---|
| YTD Return | 4.44% | 4.54% |
| 1Y Return | 6.38% | 7.21% |
| 3Y Return (Ann) | 1.78% | 2.37% |
| 5Y Return (Ann) | 1.63% | 2.28% |
| 10Y Return (Ann) | 1.62% | 2.07% |
| Sharpe Ratio | 3.10 | 3.44 |
| Sortino Ratio | 5.40 | 6.11 |
| Omega Ratio | 1.82 | 1.83 |
| Calmar Ratio | 3.62 | 8.01 |
| Martin Ratio | 20.41 | 23.39 |
| Ulcer Index | 0.32% | 0.31% |
| Daily Std Dev | 2.09% | 2.09% |
| Max Drawdown | -6.54% | -5.28% |
| Current Drawdown | -0.59% | -0.77% |
Correlation
The correlation between FSHBX and SCHO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSHBX vs. SCHO - Performance Comparison
The year-to-date returns for both investments are quite close, with FSHBX having a 4.44% return and SCHO slightly higher at 4.54%. Over the past 10 years, FSHBX has underperformed SCHO with an annualized return of 1.62%, while SCHO has yielded a comparatively higher 2.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSHBX vs. SCHO - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than SCHO's 0.05% expense ratio.
Risk-Adjusted Performance
FSHBX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) 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.
Dividends
FSHBX vs. SCHO - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 4.00%, less than SCHO's 6.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 4.00% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.05% | 5.36% | 2.26% | 0.74% | 1.98% | 3.39% | 2.62% | 1.67% | 1.36% | 0.90% | 0.67% | 0.45% |
Drawdowns
FSHBX vs. SCHO - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for FSHBX and SCHO. For additional features, visit the drawdowns tool.
Volatility
FSHBX vs. SCHO - Volatility Comparison
Fidelity Short-Term Bond Fund (FSHBX) has a higher volatility of 0.60% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.38%. This indicates that FSHBX'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.