SCHO vs. MINT
SCHO (Schwab Short-Term U.S. Treasury ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while MINT is a Ultrashort Bond fund actively managed by PIMCO. SCHO is passively managed, while MINT is actively managed. Over the past 10 years, SCHO returned 1.71%/yr vs 2.72%/yr for MINT. At a 0.27 correlation, their price movements are largely independent. SCHO charges 0.03%/yr vs 0.36%/yr for MINT.
Performance
SCHO vs. MINT - 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 MINT's 1.94% return. Over the past 10 years, SCHO has underperformed MINT with an annualized return of 1.71%, while MINT has yielded a comparatively higher 2.72% annualized 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%
MINT
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.94%
- 6M
- 2.18%
- 1Y
- 4.67%
- 3Y*
- 5.37%
- 5Y*
- 3.50%
- 10Y*
- 2.72%
SCHO vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 0.58% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
MINT PIMCO Enhanced Short Maturity Active ETF | 1.94% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between SCHO and MINT is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.27 |
Over the past year, the correlation between SCHO and MINT has dropped to 0.03 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
SCHO vs. MINT — Risk / Return Rank
SCHO
MINT
SCHO vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and PIMCO Enhanced Short Maturity Active ETF (MINT). 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 | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.83 | ||
| Sortino ratioReturn per unit of downside risk | -62.03 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 21.40 | -19.88 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 94.29 | -90.23 |
| Martin ratioReturn relative to average drawdown | 17.10 | 954.48 | -937.38 |
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Drawdowns
SCHO vs. MINT - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for SCHO and MINT.
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Drawdown Indicators
| SCHO | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -4.62% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -0.05% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -0.16% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -5.69% | -2.42% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -5.69% | -4.62% | -1.07% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -0.17% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.00% | +0.20% |
Volatility
SCHO vs. MINT - Volatility Comparison
Schwab Short-Term U.S. Treasury ETF (SCHO) has a higher volatility of 0.43% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that SCHO's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHO | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.09% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 0.20% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 0.27% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 0.58% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 0.95% | +0.61% |
SCHO vs. MINT - Expense Ratio Comparison
SCHO has a 0.03% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
SCHO vs. MINT - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 3.90%, less than MINT's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
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 MINT have a correlation of 0.03, 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 MINT (0.09%). In terms of maximum drawdown, SCHO dropped -5.69% vs MINT's -4.62%.
On 10-year performance, MINT leads with 2.72% vs 1.71% for SCHO. On fees, SCHO is cheaper at 0.03% per year. On volatility, MINT has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MINT has performed better with a 2.72% 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 0.36% for MINT.
MINT has the higher dividend yield at 4.28%, compared with 3.90% for SCHO.
SCHO is categorized as Government Bonds, while MINT is Ultrashort Bond. They also come from different issuers: Charles Schwab and PIMCO. Their fees differ too: 0.03% for SCHO and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (17.39 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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