IBTE vs. SCHO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and Schwab Short-Term U.S. Treasury ETF (SCHO).

IBTE and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTE is a passively managed fund by iShares that tracks the performance of the ICE 2024 Maturity US Treasury Index. It was launched on Feb 25, 2020. 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. Both IBTE and SCHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBTE vs. SCHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and Schwab Short-Term U.S. Treasury ETF (SCHO). The values are adjusted to include any dividend payments, if applicable.

IBTE vs. SCHO - Yearly Performance Comparison

	2026 (YTD)
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%
SCHO Schwab Short-Term U.S. Treasury ETF	-0.02%

Returns By Period

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTE vs. SCHO - Expense Ratio Comparison

IBTE 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%.

IBTE

iShares iBonds Dec 2024 Term Treasury ETF

SCHO

Schwab Short-Term U.S. Treasury ETF

Return for Risk

IBTE vs. SCHO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHO

SCHO Risk / Return Rank: 96
SCHO Sharpe Ratio Rank: 95
SCHO Sortino Ratio Rank: 97
SCHO Omega Ratio Rank: 96
SCHO Calmar Ratio Rank: 96
SCHO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTE vs. SCHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBTE	SCHO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.00	—

Dividends

IBTE vs. SCHO - Dividend Comparison

IBTE has not paid dividends to shareholders, while SCHO's dividend yield for the trailing twelve months is around 3.98%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	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	3.98%	4.06%	4.29%	3.76%	1.34%	0.41%	1.27%	2.27%	1.60%	1.12%	0.82%	0.68%

Drawdowns

IBTE vs. SCHO - Drawdown Comparison

The maximum IBTE drawdown since its inception was 0.00%, smaller than the maximum SCHO drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for IBTE and SCHO.

Drawdown Indicators

	IBTE	SCHO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-5.69%	+5.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.69%	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	0.00%	-0.61%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	IBTE	SCHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.52%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	1.97%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	1.55%	-1.55%