SCHB vs. SGOV
SCHB (Schwab U.S. Broad Market ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, SCHB returned 12.79%/yr vs 3.56%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions. SCHB charges 0.03%/yr vs 0.09%/yr for SGOV.
Performance
SCHB vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHB achieves a 11.59% return, which is significantly higher than SGOV's 1.63% return.
SCHB
- 1D
- 1.74%
- 1M
- 2.71%
- YTD
- 11.59%
- 6M
- 11.89%
- 1Y
- 28.36%
- 3Y*
- 20.97%
- 5Y*
- 12.79%
- 10Y*
- 15.22%
SGOV
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.56%
- 10Y*
- —
SCHB vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 11.59% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 27.99% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.63% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between SCHB and SGOV is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
The correlation between SCHB and SGOV shifts across timeframes, from -0.12 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHB vs. SGOV — Risk / Return Rank
SCHB
SGOV
SCHB vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| SCHB | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.08 | ||
| Sortino ratioReturn per unit of downside risk | -271.24 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 194.55 | -193.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 396.11 | -392.91 |
| Martin ratioReturn relative to average drawdown | 14.29 | 4,438.60 | -4,424.31 |
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Drawdowns
SCHB vs. SGOV - Drawdown Comparison
The maximum SCHB drawdown since its inception was -35.27%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SCHB and SGOV.
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Drawdown Indicators
| SCHB | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -0.03% | -35.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -0.01% | -8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -0.01% | -19.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.41% | -0.03% | -25.38% |
Max Drawdown (10Y)Largest decline over 10 years | -35.27% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.00% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.00% | +1.99% |
Volatility
SCHB vs. SGOV - Volatility Comparison
Schwab U.S. Broad Market ETF (SCHB) has a higher volatility of 4.85% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that SCHB's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHB | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 0.05% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 0.13% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 0.19% | +12.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 0.24% | +17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 0.24% | +18.12% |
SCHB vs. SGOV - Expense Ratio Comparison
SCHB has a 0.03% expense ratio, which is lower than SGOV's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHB vs. SGOV - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.01%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 1.01% | 1.11% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.00% | 1.65% | 1.86% | 2.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCHB and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHB has higher volatility (4.85%) compared to SGOV (0.05%). In terms of maximum drawdown, SCHB dropped -35.27% vs SGOV's -0.03%.
On 5-year performance, SCHB leads with 12.79% vs 3.56% for SGOV. On fees, SCHB is cheaper at 0.03% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHB has performed better with a 12.79% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHB is cheaper with a 0.03% expense ratio, compared with 0.09% for SGOV.
SGOV has the higher dividend yield at 3.85%, compared with 1.01% for SCHB.
SCHB is categorized as Large Cap Blend Equities, while SGOV is Ultrashort Bond. SCHB tracks Dow Jones U.S. Broad Stock Market Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHB and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.33 vs 2.25), 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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