SCHJ vs. SCHO
Compare and contrast key facts about Schwab 1-5 Year Corporate Bond ETF (SCHJ) and Schwab Short-Term U.S. Treasury ETF (SCHO).
SCHJ and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 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 SCHJ 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: SCHJ or SCHO.
Key characteristics
| SCHJ | SCHO | |
|---|---|---|
| YTD Return | 5.50% | 4.50% |
| 1Y Return | 8.80% | 6.86% |
| 3Y Return (Ann) | 2.84% | 2.39% |
| 5Y Return (Ann) | 2.99% | 2.24% |
| Sharpe Ratio | 3.50 | 3.48 |
| Sortino Ratio | 6.02 | 6.18 |
| Omega Ratio | 1.77 | 1.84 |
| Calmar Ratio | 0.10 | 7.43 |
| Martin Ratio | 24.37 | 22.35 |
| Ulcer Index | 0.39% | 0.33% |
| Daily Std Dev | 2.72% | 2.09% |
| Max Drawdown | -100.00% | -5.28% |
| Current Drawdown | -100.00% | -0.82% |
Correlation
The correlation between SCHJ and SCHO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHJ vs. SCHO - Performance Comparison
In the year-to-date period, SCHJ achieves a 5.50% return, which is significantly higher than SCHO's 4.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHJ vs. SCHO - Expense Ratio Comparison
Both SCHJ 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%.
Risk-Adjusted Performance
SCHJ vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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
SCHJ vs. SCHO - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 6.82%, more than SCHO's 6.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 6.82% | 4.52% | 2.68% | 1.25% | 3.69% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.48% | 5.11% | 1.74% | 0.52% | 1.85% | 3.00% | 2.53% | 2.02% | 1.36% | 1.00% | 0.75% | 0.49% |
Drawdowns
SCHJ vs. SCHO - Drawdown Comparison
The maximum SCHJ 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 SCHJ and SCHO. For additional features, visit the drawdowns tool.
Volatility
SCHJ vs. SCHO - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.68% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.38%. This indicates that SCHJ'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.