SCHO vs. SCHQ
Compare and contrast key facts about Schwab Short-Term U.S. Treasury ETF (SCHO) and Schwab Long-Term U.S. Treasury ETF (SCHQ).
SCHO and SCHQ 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 US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010. SCHQ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on Oct 10, 2019. Both SCHO and SCHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHO or SCHQ.
Performance
SCHO vs. SCHQ - Performance Comparison
Returns By Period
In the year-to-date period, SCHO achieves a 4.50% return, which is significantly higher than SCHQ's -4.29% return.
SCHO
4.50%
-0.16%
3.28%
6.84%
2.24%
2.06%
SCHQ
-4.29%
-1.74%
1.55%
4.38%
-5.32%
N/A
Key characteristics
| SCHO | SCHQ | |
|---|---|---|
| Sharpe Ratio | 3.35 | 0.35 |
| Sortino Ratio | 5.88 | 0.59 |
| Omega Ratio | 1.80 | 1.07 |
| Calmar Ratio | 7.00 | 0.11 |
| Martin Ratio | 19.65 | 0.86 |
| Ulcer Index | 0.35% | 5.54% |
| Daily Std Dev | 2.05% | 13.42% |
| Max Drawdown | -5.28% | -46.13% |
| Current Drawdown | -0.82% | -38.46% |
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SCHO vs. SCHQ - Expense Ratio Comparison
Both SCHO and SCHQ have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SCHO and SCHQ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SCHO vs. SCHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and Schwab Long-Term U.S. Treasury ETF (SCHQ). 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.
Dividends
SCHO vs. SCHQ - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 5.72%, more than SCHQ's 4.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 5.72% | 6.05% | 2.16% | 0.69% | 1.83% | 3.60% | 3.11% | 1.86% | 1.30% | 1.11% | 0.74% | 0.46% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.46% | 3.79% | 2.88% | 1.69% | 1.52% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SCHO vs. SCHQ - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.28%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for SCHO and SCHQ. For additional features, visit the drawdowns tool.
Volatility
SCHO vs. SCHQ - Volatility Comparison
The current volatility for Schwab Short-Term U.S. Treasury ETF (SCHO) is 0.38%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 4.14%. This indicates that SCHO experiences smaller price fluctuations and is considered to be less risky than SCHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.