GOVZ vs. SCHD
GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, GOVZ returned -11.53%/yr vs 8.36%/yr for SCHD. At a 0.01 correlation, their price movements are largely independent. GOVZ charges 0.15%/yr vs 0.06%/yr for SCHD.
Performance
GOVZ vs. SCHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOVZ achieves a -0.94% return, which is significantly lower than SCHD's 19.01% return.
GOVZ
- 1D
- -0.50%
- 1M
- 1.73%
- YTD
- -0.94%
- 6M
- -4.35%
- 1Y
- 3.91%
- 3Y*
- -7.43%
- 5Y*
- -11.53%
- 10Y*
- —
SCHD
- 1D
- 0.00%
- 1M
- 2.70%
- YTD
- 19.01%
- 6M
- 18.63%
- 1Y
- 27.16%
- 3Y*
- 15.09%
- 5Y*
- 8.36%
- 10Y*
- 12.77%
GOVZ vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -0.94% | -1.81% | -16.24% | 0.90% | -41.03% | -4.86% | -5.61% |
SCHD Schwab U.S. Dividend Equity ETF | 19.01% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 20.53% |
Correlation
The correlation between GOVZ and SCHD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.01 |
The correlation between GOVZ and SCHD shifts across timeframes, from 0.01 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOVZ vs. SCHD — Risk / Return Rank
GOVZ
SCHD
GOVZ vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| GOVZ | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.45 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 5.91 | -5.64 |
| Martin ratioReturn relative to average drawdown | 0.63 | 14.53 | -13.90 |
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 charts...
Sharpe Ratios by Period
| GOVZ | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.49 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | 0.58 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | 0.86 | -1.45 |
Drawdowns
GOVZ vs. SCHD - Drawdown Comparison
The maximum GOVZ drawdown since its inception was -59.65%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for GOVZ and SCHD.
Loading charts...
Drawdown Indicators
| GOVZ | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -33.37% | -26.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -4.61% | -9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -16.13% | -12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -16.85% | -40.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -56.47% | -1.40% | -55.07% |
Average DrawdownAverage peak-to-trough decline | -39.91% | -3.32% | -36.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | 1.88% | +4.33% |
Volatility
GOVZ vs. SCHD - Volatility Comparison
iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a higher volatility of 4.27% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that GOVZ's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOVZ | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 2.66% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 7.66% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 10.96% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 14.38% | +9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 16.72% | +6.63% |
GOVZ vs. SCHD - Expense Ratio Comparison
GOVZ has a 0.15% expense ratio, which is higher than SCHD's 0.06% 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
GOVZ vs. SCHD - Dividend Comparison
GOVZ's dividend yield for the trailing twelve months is around 5.18%, more than SCHD's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.18% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.26% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
GOVZ and SCHD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (4.27%) compared to SCHD (2.66%). In terms of maximum drawdown, GOVZ dropped -59.65% vs SCHD's -33.37%.
On 5-year performance, SCHD leads with 8.36% vs -11.53% for GOVZ. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHD has performed better with a 8.36% return vs -11.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.15% for GOVZ.
GOVZ has the higher dividend yield at 5.18%, compared with 3.26% for SCHD.
GOVZ is categorized as Government Bonds, while SCHD is Dividend. GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.15% for GOVZ and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.49 vs 0.24), 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.
Find the right allocation for GOVZ and SCHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer