JSCP vs. SCHO
JSCP (JPMorgan Short Duration Core Plus ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both exchange-traded funds - JSCP is a Short-Term Bond fund actively managed by JPMorgan, while SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. JSCP is actively managed, while SCHO is passively managed. Over the past 5 years, JSCP returned 2.42%/yr vs 1.87%/yr for SCHO. Their 0.79 correlation means they have sometimes moved together and sometimes differently. JSCP charges 0.33%/yr vs 0.03%/yr for SCHO.
Performance
JSCP vs. SCHO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JSCP having a 0.81% return and SCHO slightly lower at 0.79%.
JSCP
- 1D
- -0.09%
- 1M
- -0.17%
- 6M
- 0.52%
- YTD
- 0.81%
- 1Y
- 3.14%
- 3Y*
- 5.52%
- 5Y*
- 2.42%
- 10Y*
- —
- ALL TIME*
- 2.35%
SCHO
- 1D
- -0.04%
- 1M
- 0.04%
- 6M
- 0.58%
- YTD
- 0.79%
- 1Y
- 2.63%
- 3Y*
- 4.31%
- 5Y*
- 1.87%
- 10Y*
- 1.72%
- ALL TIME*
- 1.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.77M | $14.57M | $12.08M | |
| $59.23M | $61.44M | $84.14M |
JSCP vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JSCP JPMorgan Short Duration Core Plus ETF | 0.81% | 6.86% | 5.06% | 6.22% | -5.80% | 0.15% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.79% | 5.49% | 3.65% | 4.31% | -3.87% | -0.63% |
Correlation
The correlation between JSCP and SCHO is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021 | 0.79 |
The correlation between JSCP and SCHO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
JSCP vs. SCHO — Risk / Return Rank
JSCP
SCHO
JSCP vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Core Plus ETF (JSCP) 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.
| JSCP | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.66 | -0.73 |
| Martin ratioReturn relative to average drawdown | 10.89 | 15.34 | -4.45 |
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Drawdowns
JSCP vs. SCHO - Drawdown Comparison
The maximum JSCP drawdown since its inception was -8.90%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for JSCP and SCHO.
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Drawdown Indicators
| JSCP | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.90% | -5.69% | -3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.27% | -0.86% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -0.98% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -8.90% | -5.65% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.04% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -0.61% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.20% | +0.14% |
Volatility
JSCP vs. SCHO - Volatility Comparison
JPMorgan Short Duration Core Plus ETF (JSCP) has a higher volatility of 0.43% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.37%. This indicates that JSCP'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
| JSCP | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.37% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 1.03% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.73% | 1.41% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 2.00% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.53% | 1.56% | +0.97% |
JSCP vs. SCHO - Expense Ratio Comparison
JSCP has a 0.33% expense ratio, which is higher than SCHO's 0.03% expense ratio.
Dividends
JSCP vs. SCHO - Dividend Comparison
JSCP's dividend yield for the trailing twelve months is around 4.46%, more than SCHO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSCP JPMorgan Short Duration Core Plus ETF | 4.07% | 4.64% | 4.76% | 4.13% | 2.51% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.53% | 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
JSCP 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.
JSCP has higher volatility (0.43%) compared to SCHO (0.37%). In terms of maximum drawdown, JSCP dropped -8.90% vs SCHO's -5.69%.
On 5-year performance, JSCP leads with 2.42% vs 1.87% for SCHO. On fees, SCHO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JSCP has performed better with a 2.42% return vs 1.87%. 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 0.33% for JSCP.
JSCP has the higher dividend yield at 4.07%, compared with 3.53% for SCHO.
JSCP is categorized as Short-Term Bond, while SCHO is Government Bonds. They also come from different issuers: JPMorgan and Charles Schwab. Their fees differ too: 0.33% for JSCP and 0.03% for SCHO.
SCHO currently has the higher Sharpe Ratio (2.24 vs 2.15), 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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