SCHO vs. BIL
Compare and contrast key facts about Schwab Short-Term U.S. Treasury ETF (SCHO) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SCHO and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both SCHO and BIL 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: SCHO or BIL.
Performance
SCHO vs. BIL - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SCHO having a 4.54% return and BIL slightly higher at 4.65%. Over the past 10 years, SCHO has outperformed BIL with an annualized return of 2.06%, while BIL has yielded a comparatively lower 1.56% annualized return.
SCHO
4.54%
-0.24%
3.23%
6.97%
2.23%
2.06%
BIL
4.65%
0.39%
2.56%
5.28%
2.28%
1.56%
Key characteristics
| SCHO | BIL | |
|---|---|---|
| Sharpe Ratio | 3.39 | 20.31 |
| Sortino Ratio | 5.95 | 272.43 |
| Omega Ratio | 1.81 | 158.29 |
| Calmar Ratio | 7.09 | 481.80 |
| Martin Ratio | 20.32 | 4,437.10 |
| Ulcer Index | 0.34% | 0.00% |
| Daily Std Dev | 2.05% | 0.26% |
| Max Drawdown | -5.28% | -0.77% |
| Current Drawdown | -0.77% | 0.00% |
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SCHO vs. BIL - Expense Ratio Comparison
SCHO has a 0.05% expense ratio, which is lower than BIL's 0.14% 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%.
Correlation
The correlation between SCHO and BIL is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SCHO vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
SCHO vs. BIL - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 6.08%, more than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 6.08% | 5.68% | 1.74% | 0.61% | 2.00% | 3.03% | 2.82% | 1.84% | 1.17% | 1.06% | 0.70% | 0.40% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
SCHO vs. BIL - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.28%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SCHO and BIL. For additional features, visit the drawdowns tool.
Volatility
SCHO vs. BIL - Volatility Comparison
Schwab Short-Term U.S. Treasury ETF (SCHO) has a higher volatility of 0.38% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that SCHO's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.