SCHO vs. JPLD
SCHO (Schwab Short-Term U.S. Treasury ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both exchange-traded funds - SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. SCHO is passively managed, while JPLD is actively managed. Over the past year, SCHO returned 3.47% vs 4.65% for JPLD. A 0.70 correlation means they provide meaningful diversification when combined. SCHO charges 0.03%/yr vs 0.24%/yr for JPLD.
Performance
SCHO vs. JPLD - Performance Comparison
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Returns By Period
In the year-to-date period, SCHO achieves a 0.58% return, which is significantly lower than JPLD's 1.25% return.
SCHO
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 0.58%
- 6M
- 0.82%
- 1Y
- 3.47%
- 3Y*
- 4.27%
- 5Y*
- 1.86%
- 10Y*
- 1.71%
JPLD
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 1.25%
- 6M
- 1.51%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHO vs. JPLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 0.58% | 5.49% | 3.65% | 2.95% |
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF | 1.25% | 6.01% | 6.49% | 3.15% |
Correlation
The correlation between SCHO and JPLD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023 | 0.70 |
The correlation between SCHO and JPLD has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
SCHO vs. JPLD — Risk / Return Rank
SCHO
JPLD
SCHO vs. JPLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD). 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 | JPLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.68 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 4.65 | -0.59 |
| Martin ratioReturn relative to average drawdown | 17.10 | 21.55 | -4.45 |
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Drawdowns
SCHO vs. JPLD - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for SCHO and JPLD.
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Drawdown Indicators
| SCHO | JPLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -1.17% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -1.00% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | — | — |
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 | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -0.15% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.22% | -0.02% |
Volatility
SCHO vs. JPLD - Volatility Comparison
Schwab Short-Term U.S. Treasury ETF (SCHO) has a higher volatility of 0.43% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.38%. This indicates that SCHO's price experiences larger fluctuations and is considered to be riskier than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHO | JPLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.38% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 0.97% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.44% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 1.83% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 1.83% | -0.27% |
SCHO vs. JPLD - Expense Ratio Comparison
SCHO has a 0.03% expense ratio, which is lower than JPLD's 0.24% 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. JPLD - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 3.90%, less than JPLD's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF | 4.20% | 4.24% | 4.47% | 1.83% | 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 JPLD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHO has higher volatility (0.43%) compared to JPLD (0.38%). In terms of maximum drawdown, SCHO dropped -5.69% vs JPLD's -1.17%.
On 1-year performance, JPLD leads with 4.65% vs 3.47% for SCHO. 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 1-year period, JPLD has performed better with a 4.65% return vs 3.47%. 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 0.24% for JPLD.
JPLD has the higher dividend yield at 4.20%, compared with 3.90% for SCHO.
SCHO is categorized as Government Bonds, while JPLD is Short-Term Bond. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.03% for SCHO and 0.24% for JPLD.
JPLD currently has the higher Sharpe Ratio (3.25 vs 2.56), 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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