GUSTX vs. SCHO
Compare and contrast key facts about GMO U.S. Treasury Fund (GUSTX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
GUSTX is managed by GMO. It was launched on Mar 16, 2009. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010.
Performance
GUSTX vs. SCHO - Performance Comparison
Loading graphics...
GUSTX vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUSTX GMO U.S. Treasury Fund | 0.51% | 4.45% | 2.21% | 2.52% | -0.73% | -0.06% | 0.89% | 0.14% | -79.59% | 0.43% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.26% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Returns By Period
In the year-to-date period, GUSTX achieves a 0.51% return, which is significantly higher than SCHO's 0.26% return. Over the past 10 years, GUSTX has underperformed SCHO with an annualized return of -13.82%, while SCHO has yielded a comparatively higher 1.72% annualized return.
GUSTX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.51%
- 6M
- 1.51%
- 1Y
- 3.69%
- 3Y*
- 3.15%
- 5Y*
- 1.76%
- 10Y*
- -13.82%
SCHO
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.26%
- 6M
- 1.27%
- 1Y
- 3.69%
- 3Y*
- 4.00%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GUSTX vs. SCHO - Expense Ratio Comparison
GUSTX has a 0.01% expense ratio, which is lower than SCHO's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GUSTX vs. SCHO — Risk / Return Rank
GUSTX
SCHO
GUSTX vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Treasury Fund (GUSTX) 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.
| GUSTX | SCHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | 2.44 | +0.75 |
Sortino ratioReturn per unit of downside risk | 10.74 | 3.92 | +6.83 |
Omega ratioGain probability vs. loss probability | 7.08 | 1.50 | +5.58 |
Calmar ratioReturn relative to maximum drawdown | 20.50 | 4.42 | +16.08 |
Martin ratioReturn relative to average drawdown | 58.55 | 17.32 | +41.23 |
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 graphics...
Sharpe Ratios by Period
| GUSTX | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 2.44 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.92 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | 1.11 | -1.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | 1.00 | -1.44 |
Correlation
The correlation between GUSTX and SCHO is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GUSTX vs. SCHO - Dividend Comparison
GUSTX's dividend yield for the trailing twelve months is around 3.62%, less than SCHO's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUSTX GMO U.S. Treasury Fund | 3.62% | 4.15% | 1.98% | 2.28% | 0.26% | 0.14% | 0.09% | 0.14% | 8.96% | 0.50% | 0.05% | 0.04% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.98% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Drawdowns
GUSTX vs. SCHO - Drawdown Comparison
The maximum GUSTX drawdown since its inception was -79.98%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for GUSTX and SCHO.
Loading graphics...
Drawdown Indicators
| GUSTX | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.98% | -5.69% | -74.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -0.86% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -5.69% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -79.98% | -5.69% | -74.29% |
Current DrawdownCurrent decline from peak | -77.89% | -0.43% | -77.46% |
Average DrawdownAverage peak-to-trough decline | -35.61% | -0.61% | -35.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.22% | -0.15% |
Volatility
GUSTX vs. SCHO - Volatility Comparison
The current volatility for GMO U.S. Treasury Fund (GUSTX) is 0.29%, while Schwab Short-Term U.S. Treasury ETF (SCHO) has a volatility of 0.52%. This indicates that GUSTX experiences smaller price fluctuations and is considered to be less risky than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GUSTX | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.52% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 0.87% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.27% | 1.52% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.73% | 1.97% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 1.55% | +23.89% |