SCHO vs. FTSM
Compare and contrast key facts about Schwab Short-Term U.S. Treasury ETF (SCHO) and First Trust Enhanced Short Maturity ETF (FTSM).
SCHO and FTSM 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 U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010. FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014.
Performance
SCHO vs. FTSM - Performance Comparison
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SCHO vs. FTSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 0.26% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
FTSM First Trust Enhanced Short Maturity ETF | 0.76% | 4.66% | 5.22% | 5.12% | 1.02% | -0.01% | 1.12% | 2.82% | 1.94% | 1.57% |
Returns By Period
In the year-to-date period, SCHO achieves a 0.26% return, which is significantly lower than FTSM's 0.76% return. Over the past 10 years, SCHO has underperformed FTSM with an annualized return of 1.72%, while FTSM has yielded a comparatively higher 2.50% annualized return.
SCHO
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.26%
- 6M
- 1.27%
- 1Y
- 3.69%
- 3Y*
- 4.00%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
FTSM
- 1D
- 0.07%
- 1M
- 0.08%
- YTD
- 0.76%
- 6M
- 1.82%
- 1Y
- 4.19%
- 3Y*
- 4.86%
- 5Y*
- 3.33%
- 10Y*
- 2.50%
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SCHO vs. FTSM - Expense Ratio Comparison
SCHO has a 0.03% expense ratio, which is lower than FTSM's 0.44% expense ratio.
Return for Risk
SCHO vs. FTSM — Risk / Return Rank
SCHO
FTSM
SCHO vs. FTSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and First Trust Enhanced Short Maturity ETF (FTSM). 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 | FTSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.44 | 8.29 | -5.85 |
Sortino ratioReturn per unit of downside risk | 3.92 | 17.39 | -13.47 |
Omega ratioGain probability vs. loss probability | 1.50 | 3.96 | -2.46 |
Calmar ratioReturn relative to maximum drawdown | 4.42 | 28.25 | -23.83 |
Martin ratioReturn relative to average drawdown | 17.32 | 139.10 | -121.79 |
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 | FTSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 8.29 | -5.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 6.86 | -5.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 2.84 | -1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.92 | -0.93 |
Correlation
The correlation between SCHO and FTSM is 0.33, 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.
Dividends
SCHO vs. FTSM - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 3.98%, less than FTSM's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 3.98% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
FTSM First Trust Enhanced Short Maturity ETF | 4.22% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
Drawdowns
SCHO vs. FTSM - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, which is greater than FTSM's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for SCHO and FTSM.
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Drawdown Indicators
| SCHO | FTSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -4.12% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -0.15% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -5.69% | -0.65% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -5.69% | -4.12% | -1.57% |
Current DrawdownCurrent decline from peak | -0.43% | 0.00% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -0.22% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.03% | +0.19% |
Volatility
SCHO vs. FTSM - Volatility Comparison
Schwab Short-Term U.S. Treasury ETF (SCHO) has a higher volatility of 0.52% compared to First Trust Enhanced Short Maturity ETF (FTSM) at 0.19%. This indicates that SCHO's price experiences larger fluctuations and is considered to be riskier than FTSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHO | FTSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.19% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 0.32% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.52% | 0.51% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 0.49% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.55% | 0.88% | +0.67% |