SCHJ vs. SHV
SCHJ (Schwab 1-5 Year Corporate Bond ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - SCHJ is a Corporate Bonds fund tracking the Bloomberg US Corporate (1-5 Y), while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. Both are passively managed. Over the past 5 years, SCHJ returned 2.35%/yr vs 3.32%/yr for SHV. At a 0.26 correlation, their price movements are largely independent. SCHJ charges 0.05%/yr vs 0.15%/yr for SHV.
Performance
SCHJ vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHJ achieves a 0.64% return, which is significantly lower than SHV's 1.42% return.
SCHJ
- 1D
- -0.04%
- 1M
- 0.09%
- YTD
- 0.64%
- 6M
- 1.06%
- 1Y
- 4.58%
- 3Y*
- 5.52%
- 5Y*
- 2.35%
- 10Y*
- —
SHV
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.76%
- 1Y
- 3.92%
- 3Y*
- 4.64%
- 5Y*
- 3.32%
- 10Y*
- 2.23%
SCHJ vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.64% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 0.36% |
Correlation
The correlation between SCHJ and SHV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.26 |
The correlation between SCHJ and SHV shifts across timeframes, from 0.21 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHJ vs. SHV — Risk / Return Rank
SCHJ
SHV
SCHJ vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.
| SCHJ | SHV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 19.64 | -17.18 |
Sortino ratioReturn per unit of downside risk | 3.84 | 150.25 | -146.41 |
Omega ratioGain probability vs. loss probability | 1.49 | 54.02 | -52.53 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 433.49 | -430.38 |
Martin ratioReturn relative to average drawdown | 12.34 | 2,436.45 | -2,424.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHJ | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 19.64 | -17.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 11.57 | -10.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 4.50 | -3.86 |
Drawdowns
SCHJ vs. SHV - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for SCHJ and SHV.
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Drawdown Indicators
| SCHJ | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -0.45% | -13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -0.01% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -0.03% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -9.43% | -0.40% | -9.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -0.03% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.00% | +0.37% |
Volatility
SCHJ vs. SHV - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.56% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that SCHJ's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHJ | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.05% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.12% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 0.20% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 0.29% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 0.28% | +3.85% |
SCHJ vs. SHV - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is lower than SHV's 0.15% 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
SCHJ vs. SHV - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 4.50%, more than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.50% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
SCHJ and SHV have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHJ has higher volatility (0.56%) compared to SHV (0.05%). In terms of maximum drawdown, SCHJ dropped -13.62% vs SHV's -0.45%.
On 5-year performance, SHV leads with 3.32% vs 2.35% for SCHJ. On fees, SCHJ is cheaper at 0.05% per year. On volatility, SHV 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, SHV has performed better with a 3.32% return vs 2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.05% expense ratio, compared with 0.15% for SHV.
SCHJ has the higher dividend yield at 4.50%, compared with 3.83% for SHV.
SCHJ is categorized as Corporate Bonds, while SHV is Government Bonds. SCHJ tracks Bloomberg US Corporate (1-5 Y), while SHV tracks ICE Short US Treasury Securities Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHJ and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.64 vs 2.46), 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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