SCHI vs. SCHO
Compare and contrast key facts about Schwab 5-10 Year Corporate Bond ETF (SCHI) and Schwab Short-Term U.S. Treasury ETF (SCHO).
SCHI and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010. Both SCHI and SCHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHI or SCHO.
Performance
SCHI vs. SCHO - Performance Comparison
Returns By Period
In the year-to-date period, SCHI achieves a 5.34% return, which is significantly higher than SCHO's 4.50% return.
SCHI
5.34%
-0.48%
5.89%
10.94%
2.44%
N/A
SCHO
4.50%
-0.12%
3.28%
6.84%
2.24%
2.05%
Key characteristics
| SCHI | SCHO | |
|---|---|---|
| Sharpe Ratio | 1.89 | 3.33 |
| Sortino Ratio | 2.84 | 5.86 |
| Omega Ratio | 1.34 | 1.80 |
| Calmar Ratio | 0.11 | 6.98 |
| Martin Ratio | 7.58 | 19.38 |
| Ulcer Index | 1.44% | 0.35% |
| Daily Std Dev | 5.79% | 2.05% |
| Max Drawdown | -100.00% | -5.28% |
| Current Drawdown | -100.00% | -0.82% |
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SCHI vs. SCHO - Expense Ratio Comparison
Both SCHI and SCHO have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SCHI and SCHO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SCHI vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) 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.
Dividends
SCHI vs. SCHO - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 6.30%, more than SCHO's 6.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 6.30% | 5.84% | 3.99% | 2.43% | 2.89% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.05% | 5.31% | 2.03% | 0.69% | 1.64% | 3.42% | 2.65% | 1.70% | 1.37% | 0.96% | 0.65% | 0.49% |
Drawdowns
SCHI vs. SCHO - Drawdown Comparison
The maximum SCHI drawdown since its inception was -100.00%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for SCHI and SCHO. For additional features, visit the drawdowns tool.
Volatility
SCHI vs. SCHO - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.66% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.38%. This indicates that SCHI'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.