IGSB vs. SCHO
IGSB (iShares Short-Term Corporate Bond ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index, while SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, IGSB returned 2.74%/yr vs 1.71%/yr for SCHO. A 0.62 correlation means they provide meaningful diversification when combined. IGSB charges 0.06%/yr vs 0.03%/yr for SCHO.
Performance
IGSB vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, IGSB achieves a 0.72% return, which is significantly higher than SCHO's 0.42% return. Over the past 10 years, IGSB has outperformed SCHO with an annualized return of 2.74%, while SCHO has yielded a comparatively lower 1.71% annualized return.
IGSB
- 1D
- -0.06%
- 1M
- 0.27%
- YTD
- 0.72%
- 6M
- 1.01%
- 1Y
- 4.72%
- 3Y*
- 5.66%
- 5Y*
- 2.43%
- 10Y*
- 2.74%
SCHO
- 1D
- -0.04%
- 1M
- 0.06%
- YTD
- 0.42%
- 6M
- 0.78%
- 1Y
- 3.39%
- 3Y*
- 4.15%
- 5Y*
- 1.80%
- 10Y*
- 1.71%
IGSB vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 0.72% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.42% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Correlation
The correlation between IGSB and SCHO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2010 | 0.62 |
Over the past year, IGSB and SCHO have become more correlated (0.82) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
IGSB vs. SCHO — Risk / Return Rank
IGSB
SCHO
IGSB vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) 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.
| IGSB | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.96 | -0.71 |
| Martin ratioReturn relative to average drawdown | 13.22 | 17.03 | -3.81 |
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
| IGSB | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.48 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.91 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 1.10 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.99 | -0.29 |
Drawdowns
IGSB vs. SCHO - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for IGSB and SCHO.
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Drawdown Indicators
| IGSB | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -5.69% | -7.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -0.86% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -0.98% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -9.46% | -5.69% | -3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -5.69% | -7.69% |
Current DrawdownCurrent decline from peak | -0.32% | -0.27% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -0.61% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.20% | +0.16% |
Volatility
IGSB vs. SCHO - Volatility Comparison
iShares Short-Term Corporate Bond ETF (IGSB) has a higher volatility of 0.57% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.41%. This indicates that IGSB'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.
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Volatility by Period
| IGSB | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.41% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 0.90% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 1.37% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 1.98% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 1.56% | +1.90% |
IGSB vs. SCHO - Expense Ratio Comparison
IGSB has a 0.06% 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
IGSB vs. SCHO - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.58%, more than SCHO's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 4.58% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.91% | 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
IGSB and SCHO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGSB has higher volatility (0.57%) compared to SCHO (0.41%). In terms of maximum drawdown, IGSB dropped -13.38% vs SCHO's -5.69%.
On 10-year performance, IGSB leads with 2.74% vs 1.71% for SCHO. On fees, SCHO is cheaper at 0.03% per year. On volatility, SCHO has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGSB has performed better with a 2.74% return vs 1.71%. 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 0.06% for IGSB.
IGSB has the higher dividend yield at 4.58%, compared with 3.91% for SCHO.
IGSB is categorized as Corporate Bonds, while SCHO is Government Bonds. IGSB tracks ICE BofAML 1-5 Year US Corporate 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: 0.06% for IGSB and 0.03% for SCHO.
SCHO currently has the higher Sharpe Ratio (2.48 vs 2.46), 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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