SCHO vs. FTEC
SCHO (Schwab Short-Term U.S. Treasury ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, SCHO returned 1.71%/yr vs 24.98%/yr for FTEC. At a correlation of -0.11, they often move in opposite directions. SCHO charges 0.03%/yr vs 0.08%/yr for FTEC.
Performance
SCHO vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, SCHO achieves a 0.54% return, which is significantly lower than FTEC's 24.27% return. Over the past 10 years, SCHO has underperformed FTEC with an annualized return of 1.71%, while FTEC has yielded a comparatively higher 24.98% annualized return.
SCHO
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 0.54%
- 6M
- 0.82%
- 1Y
- 3.43%
- 3Y*
- 4.25%
- 5Y*
- 1.82%
- 10Y*
- 1.71%
FTEC
- 1D
- 0.61%
- 1M
- 3.09%
- YTD
- 24.27%
- 6M
- 24.36%
- 1Y
- 51.03%
- 3Y*
- 30.29%
- 5Y*
- 20.63%
- 10Y*
- 24.98%
SCHO vs. FTEC - 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% |
FTEC Fidelity MSCI Information Technology Index ETF | 24.27% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
Correlation
The correlation between SCHO and FTEC 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | -0.11 |
The correlation between SCHO and FTEC shifts across timeframes, from -0.11 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHO vs. FTEC — Risk / Return Rank
SCHO
FTEC
SCHO vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.00 | +0.91 |
| Martin ratioReturn relative to average drawdown | 16.48 | 9.36 | +7.12 |
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Drawdowns
SCHO vs. FTEC - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SCHO and FTEC.
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Drawdown Indicators
| SCHO | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -34.95% | +29.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -16.26% | +15.40% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -27.30% | +26.32% |
Max Drawdown (5Y)Largest decline over 5 years | -5.69% | -34.95% | +29.26% |
Max Drawdown (10Y)Largest decline over 10 years | -5.69% | -34.95% | +29.26% |
Current DrawdownCurrent decline from peak | -0.14% | -7.18% | +7.04% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -5.57% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 5.21% | -5.01% |
Volatility
SCHO vs. FTEC - Volatility Comparison
The current volatility for Schwab Short-Term U.S. Treasury ETF (SCHO) is 0.43%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 10.02%. This indicates that SCHO experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHO | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 10.02% | -9.59% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 18.06% | -17.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 22.07% | -20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 25.45% | -23.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 24.81% | -23.25% |
SCHO vs. FTEC - Expense Ratio Comparison
SCHO has a 0.03% expense ratio, which is lower than FTEC's 0.08% 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. FTEC - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 3.90%, more than FTEC's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.34% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
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 FTEC 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.
FTEC has higher volatility (10.02%) compared to SCHO (0.43%). In terms of maximum drawdown, SCHO dropped -5.69% vs FTEC's -34.95%.
On 10-year performance, FTEC leads with 24.98% vs 1.71% for SCHO. On fees, SCHO is cheaper at 0.03% per year. On volatility, SCHO has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FTEC has performed better with a 24.98% return vs 1.71%. 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 0.08% for FTEC.
SCHO has the higher dividend yield at 3.90%, compared with 0.34% for FTEC.
SCHO is categorized as Government Bonds, while FTEC is Technology Equities. SCHO tracks Bloomberg U.S. Treasury 1-3 Year Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Charles Schwab and Fidelity. Their fees differ too: 0.03% for SCHO and 0.08% for FTEC.
SCHO currently has the higher Sharpe Ratio (2.46 vs 2.21), 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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