SCHO vs. ETH-USD
SCHO (Schwab Short-Term U.S. Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, SCHO returned 1.71%/yr vs 56.61%/yr for ETH-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
SCHO vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SCHO achieves a 0.54% return, which is significantly higher than ETH-USD's -43.80% return. Over the past 10 years, SCHO has underperformed ETH-USD with an annualized return of 1.71%, while ETH-USD has yielded a comparatively higher 56.61% annualized return.
SCHO
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 0.54%
- 6M
- 0.82%
- 1Y
- 3.35%
- 3Y*
- 4.25%
- 5Y*
- 1.82%
- 10Y*
- 1.71%
ETH-USD
- 1D
- -0.28%
- 1M
- -26.16%
- YTD
- -43.80%
- 6M
- -45.95%
- 1Y
- -36.94%
- 3Y*
- -1.40%
- 5Y*
- -7.86%
- 10Y*
- 56.61%
SCHO vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 0.54% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
ETH-USD Ethereum | -43.80% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between SCHO and ETH-USD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.01 |
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Return for Risk
SCHO vs. ETH-USD — Risk / Return Rank
SCHO
ETH-USD
SCHO vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and Ethereum (ETH-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCHO | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.95 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | -0.55 | +4.46 |
| Martin ratioReturn relative to average drawdown | 16.48 | -0.94 | +17.42 |
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Drawdowns
SCHO vs. ETH-USD - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SCHO and ETH-USD.
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Drawdown Indicators
| SCHO | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -94.01% | +88.32% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -67.53% | +66.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -67.53% | +66.55% |
Max Drawdown (5Y)Largest decline over 5 years | -5.69% | -79.35% | +73.66% |
Max Drawdown (10Y)Largest decline over 10 years | -5.69% | -94.01% | +88.32% |
Current DrawdownCurrent decline from peak | -0.14% | -65.49% | +65.35% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -50.89% | +50.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 45.31% | -45.11% |
Volatility
SCHO vs. ETH-USD - Volatility Comparison
The current volatility for Schwab Short-Term U.S. Treasury ETF (SCHO) is 0.43%, while Ethereum (ETH-USD) has a volatility of 17.22%. This indicates that SCHO experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHO | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 17.22% | -16.79% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 46.29% | -45.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 56.20% | -54.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 59.59% | -57.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 77.89% | -76.33% |
Frequently Asked Questions
SCHO and ETH-USD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.22%) compared to SCHO (0.43%). In terms of maximum drawdown, SCHO dropped -5.69% vs ETH-USD's -94.01%.
SCHO currently has the higher Sharpe Ratio (2.46 vs -0.55), 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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