SCHG vs. VGSH
SCHG (Schwab U.S. Large-Cap Growth ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, SCHG returned 18.50%/yr vs 1.73%/yr for VGSH. At a correlation of -0.12, they often move in opposite directions. SCHG charges 0.04%/yr vs 0.03%/yr for VGSH.
Performance
SCHG vs. VGSH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHG achieves a 2.58% return, which is significantly higher than VGSH's 0.57% return. Over the past 10 years, SCHG has outperformed VGSH with an annualized return of 18.50%, while VGSH has yielded a comparatively lower 1.73% annualized return.
SCHG
- 1D
- 0.12%
- 1M
- -3.66%
- YTD
- 2.58%
- 6M
- 2.96%
- 1Y
- 20.32%
- 3Y*
- 22.68%
- 5Y*
- 14.33%
- 10Y*
- 18.50%
VGSH
- 1D
- -0.03%
- 1M
- 0.16%
- YTD
- 0.57%
- 6M
- 0.83%
- 1Y
- 3.36%
- 3Y*
- 4.25%
- 5Y*
- 1.83%
- 10Y*
- 1.73%
SCHG vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 2.58% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
VGSH Vanguard Short-Term Treasury ETF | 0.57% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Correlation
The correlation between SCHG and VGSH is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009 | -0.12 |
The correlation between SCHG and VGSH shifts across timeframes, from -0.12 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHG vs. VGSH — Risk / Return Rank
SCHG
VGSH
SCHG vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| SCHG | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.55 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 3.76 | -2.61 |
| Martin ratioReturn relative to average drawdown | 3.78 | 14.67 | -10.89 |
Loading charts...
Drawdowns
SCHG vs. VGSH - Drawdown Comparison
The maximum SCHG drawdown since its inception was -34.59%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for SCHG and VGSH.
Loading charts...
Drawdown Indicators
| SCHG | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -5.70% | -28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -0.88% | -15.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -0.97% | -22.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | -5.66% | -28.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -5.70% | -28.89% |
Current DrawdownCurrent decline from peak | -5.33% | -0.21% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -0.60% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 0.23% | +4.73% |
Volatility
SCHG vs. VGSH - Volatility Comparison
Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 5.14% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.37%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHG | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 0.37% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 0.90% | +11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 1.28% | +14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 1.97% | +20.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 1.58% | +20.00% |
SCHG vs. VGSH - Expense Ratio Comparison
SCHG has a 0.04% expense ratio, which is higher than VGSH'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
SCHG vs. VGSH - Dividend Comparison
SCHG's dividend yield for the trailing twelve months is around 0.38%, less than VGSH's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
VGSH Vanguard Short-Term Treasury ETF | 3.87% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
SCHG and VGSH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHG has higher volatility (5.14%) compared to VGSH (0.37%). In terms of maximum drawdown, SCHG dropped -34.59% vs VGSH's -5.70%.
On 10-year performance, SCHG leads with 18.50% vs 1.73% for VGSH. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHG has performed better with a 18.50% return vs 1.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.04% for SCHG.
VGSH has the higher dividend yield at 3.87%, compared with 0.38% for SCHG.
SCHG is categorized as Large Cap Growth Equities, while VGSH is Government Bonds. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.04% for SCHG and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.61 vs 1.18), 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.
Find the right allocation for SCHG and VGSH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer