IBGL vs. SCHO
IBGL (iShares iBonds Dec 2055 Term Treasury ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both Government Bonds funds - IBGL tracks the ICE 2055 Maturity US Treasury Index while SCHO tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past year, IBGL returned -1.93% vs 2.67% for SCHO. Their 0.55 correlation means they have sometimes moved together and sometimes differently. IBGL charges 0.07%/yr vs 0.03%/yr for SCHO.
Performance
IBGL vs. SCHO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGL achieves a -3.05% return, which is significantly lower than SCHO's 0.83% return.
IBGL
- 1D
- 0.39%
- 1M
- -3.47%
- 6M
- -2.70%
- YTD
- -3.05%
- 1Y
- -1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.55%
SCHO
- 1D
- 0.05%
- 1M
- 0.09%
- 6M
- 0.68%
- YTD
- 0.83%
- 1Y
- 2.67%
- 3Y*
- 4.23%
- 5Y*
- 1.88%
- 10Y*
- 1.73%
- ALL TIME*
- 1.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.65K | $17.90K | $15.83K | |
| $59.21M | $61.33M | $83.92M |
IBGL vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGL iShares iBonds Dec 2055 Term Treasury ETF | -3.05% | 0.99% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.83% | 3.74% |
Correlation
The correlation between IBGL and SCHO is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.55 |
The correlation between IBGL and SCHO has been stable across timeframes, ranging from 0.55 to 0.55 - a consistent structural relationship.
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
IBGL vs. SCHO — Risk / Return Rank
IBGL
SCHO
IBGL vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2055 Term Treasury ETF (IBGL) 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.
| IBGL | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.38 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 3.13 | -3.39 |
| Martin ratioReturn relative to average drawdown | -0.57 | 13.09 | -13.66 |
Loading charts...
Drawdowns
IBGL vs. SCHO - Drawdown Comparison
The maximum IBGL drawdown since its inception was -9.37%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for IBGL and SCHO.
Loading charts...
Drawdown Indicators
| IBGL | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -5.69% | -3.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.44% | -0.86% | -6.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -7.08% | 0.00% | -7.08% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -0.61% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 0.20% | +3.21% |
Volatility
IBGL vs. SCHO - Volatility Comparison
iShares iBonds Dec 2055 Term Treasury ETF (IBGL) has a higher volatility of 2.43% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.33%. This indicates that IBGL'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.
Loading charts...
Volatility by Period
| IBGL | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 0.33% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 1.03% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 1.32% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.35% | 2.00% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 1.57% | +8.78% |
IBGL vs. SCHO - Expense Ratio Comparison
IBGL has a 0.07% expense ratio, which is higher than SCHO's 0.03% 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
IBGL vs. SCHO - Dividend Comparison
IBGL's dividend yield for the trailing twelve months is around 4.88%, more than SCHO's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGL iShares iBonds Dec 2055 Term Treasury ETF | 4.88% | 3.52% | 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 | 3.88% | 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
IBGL and SCHO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGL has higher volatility (2.43%) compared to SCHO (0.33%). In terms of maximum drawdown, IBGL dropped -9.37% vs SCHO's -5.69%.
On 1-year performance, SCHO leads with 2.67% vs -1.93% for IBGL. On fees, SCHO is cheaper at 0.03% per year. On volatility, SCHO has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHO has performed better with a 2.67% return vs -1.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHO is cheaper with a 0.03% expense ratio, compared with 0.07% for IBGL.
IBGL has the higher dividend yield at 4.88%, compared with 3.88% for SCHO.
IBGL tracks ICE 2055 Maturity US Treasury Index, while SCHO tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.07% for IBGL and 0.03% for SCHO.
SCHO currently has the higher Sharpe Ratio (2.03 vs -0.22), 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 IBGL and SCHO
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