SCHO vs. BBSB
SCHO (Schwab Short-Term U.S. Treasury ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both Government Bonds funds - SCHO tracks the Bloomberg U.S. Treasury 1-3 Year Index while BBSB tracks the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 3 years, SCHO returned 4.16%/yr vs 4.15%/yr for BBSB. Their correlation of 0.93 suggests significant overlap in exposure. SCHO charges 0.03%/yr vs 0.04%/yr for BBSB.
Performance
SCHO vs. BBSB - Performance Comparison
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Returns By Period
In the year-to-date period, SCHO achieves a 0.50% return, which is significantly lower than BBSB's 0.55% return.
SCHO
- 1D
- 0.08%
- 1M
- 0.10%
- YTD
- 0.50%
- 6M
- 0.90%
- 1Y
- 3.35%
- 3Y*
- 4.16%
- 5Y*
- 1.82%
- 10Y*
- 1.72%
BBSB
- 1D
- 0.07%
- 1M
- 0.13%
- YTD
- 0.55%
- 6M
- 0.88%
- 1Y
- 3.32%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
SCHO vs. BBSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 0.50% | 5.49% | 3.65% | 2.60% |
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.55% | 5.12% | 4.00% | 2.56% |
Correlation
The correlation between SCHO and BBSB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023 | 0.93 |
The correlation between SCHO and BBSB has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
SCHO vs. BBSB — Risk / Return Rank
SCHO
BBSB
SCHO vs. BBSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). 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.
| SCHO | BBSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.54 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.89 | +0.02 |
| Martin ratioReturn relative to average drawdown | 16.82 | 16.07 | +0.75 |
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
| SCHO | BBSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.64 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 2.36 | -1.37 |
Drawdowns
SCHO vs. BBSB - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for SCHO and BBSB.
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Drawdown Indicators
| SCHO | BBSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -1.57% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -0.86% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -0.96% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -5.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.69% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.18% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -0.31% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.21% | -0.01% |
Volatility
SCHO vs. BBSB - Volatility Comparison
Schwab Short-Term U.S. Treasury ETF (SCHO) has a higher volatility of 0.42% compared to JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) at 0.36%. This indicates that SCHO's price experiences larger fluctuations and is considered to be riskier than BBSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHO | BBSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.36% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.91% | 0.85% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 1.27% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 1.66% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 1.66% | -0.10% |
SCHO vs. BBSB - Expense Ratio Comparison
SCHO has a 0.03% expense ratio, which is lower than BBSB's 0.04% 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
SCHO vs. BBSB - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 3.90%, more than BBSB's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 3.81% | 3.69% | 4.84% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.90% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Frequently Asked Questions
SCHO and BBSB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHO has higher volatility (0.42%) compared to BBSB (0.36%). In terms of maximum drawdown, SCHO dropped -5.69% vs BBSB's -1.57%.
On 3-year performance, SCHO leads with 4.16% vs 4.15% for BBSB. On fees, SCHO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHO has performed better with a 4.16% return vs 4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHO is cheaper with a 0.03% expense ratio, compared with 0.04% for BBSB.
SCHO has the higher dividend yield at 3.90%, compared with 3.81% for BBSB.
SCHO tracks Bloomberg U.S. Treasury 1-3 Year Index, while BBSB tracks ICE U.S. Treasury 1-3 Year Bond Index. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.03% for SCHO and 0.04% for BBSB.
BBSB currently has the higher Sharpe Ratio (2.64 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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