IBTH vs. SCHR
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both Government Bonds funds - IBTH tracks the ICE 2027 Maturity US Treasury Index while SCHR tracks the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 5 years, IBTH returned 0.47%/yr vs 0.05%/yr for SCHR. Their correlation of 0.90 suggests significant overlap in exposure. IBTH charges 0.07%/yr vs 0.05%/yr for SCHR.
Performance
IBTH vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, IBTH achieves a 0.92% return, which is significantly higher than SCHR's -0.43% return.
IBTH
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 0.92%
- 6M
- 1.26%
- 1Y
- 3.93%
- 3Y*
- 3.92%
- 5Y*
- 0.47%
- 10Y*
- —
SCHR
- 1D
- -0.16%
- 1M
- -0.15%
- YTD
- -0.43%
- 6M
- -0.59%
- 1Y
- 3.55%
- 3Y*
- 3.41%
- 5Y*
- 0.05%
- 10Y*
- 1.23%
IBTH vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 0.92% | 5.29% | 3.22% | 4.38% | -9.75% | -3.43% | 4.20% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.43% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 3.22% |
Correlation
The correlation between IBTH and SCHR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.90 |
The correlation between IBTH and SCHR shifts across timeframes, from 0.77 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTH vs. SCHR — Risk / Return Rank
IBTH
SCHR
IBTH vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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.
| IBTH | SCHR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.57 | 1.04 | +2.53 |
Sortino ratioReturn per unit of downside risk | 6.60 | 1.57 | +5.03 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.18 | +0.75 |
Calmar ratioReturn relative to maximum drawdown | 10.34 | 1.27 | +9.06 |
Martin ratioReturn relative to average drawdown | 40.10 | 3.82 | +36.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTH | SCHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.57 | 1.04 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.01 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.44 | -0.29 |
Drawdowns
IBTH vs. SCHR - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, roughly equal to the maximum SCHR drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for IBTH and SCHR.
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Drawdown Indicators
| IBTH | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -16.11% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -2.79% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -4.35% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -15.07% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -1.36% | -2.37% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -3.64% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 0.93% | -0.83% |
Volatility
IBTH vs. SCHR - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.18%, while Schwab Intermediate-Term U.S. Treasury ETF (SCHR) has a volatility of 1.08%. This indicates that IBTH experiences smaller price fluctuations and is considered to be less risky than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTH | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 1.08% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 2.35% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 3.43% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 5.38% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 4.47% | -0.26% |
IBTH vs. SCHR - Expense Ratio Comparison
IBTH has a 0.07% expense ratio, which is higher than SCHR's 0.05% 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
IBTH vs. SCHR - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.83%, less than SCHR's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.83% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.92% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
IBTH and SCHR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHR has higher volatility (1.08%) compared to IBTH (0.18%). In terms of maximum drawdown, IBTH dropped -16.16% vs SCHR's -16.11%.
On 5-year performance, IBTH leads with 0.47% vs 0.05% for SCHR. On fees, SCHR is cheaper at 0.05% per year. On volatility, IBTH has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTH has performed better with a 0.47% return vs 0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTH.
SCHR has the higher dividend yield at 3.92%, compared with 3.83% for IBTH.
IBTH tracks ICE 2027 Maturity US Treasury Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.07% for IBTH and 0.05% for SCHR.
IBTH currently has the higher Sharpe Ratio (3.57 vs 1.04), 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.
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