SCHO vs. SHV
Compare and contrast key facts about Schwab Short-Term U.S. Treasury ETF (SCHO) and iShares Short Treasury Bond ETF (SHV).
SCHO and SHV 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. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. Both SCHO and SHV 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 SHV.
Performance
SCHO vs. SHV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SCHO having a 4.54% return and SHV slightly higher at 4.56%. Over the past 10 years, SCHO has outperformed SHV with an annualized return of 2.06%, while SHV has yielded a comparatively lower 1.63% annualized return.
SCHO
4.54%
-0.24%
3.23%
6.97%
2.23%
2.06%
SHV
4.56%
0.36%
2.59%
5.25%
2.27%
1.63%
Key characteristics
| SCHO | SHV | |
|---|---|---|
| Sharpe Ratio | 3.39 | 19.49 |
| Sortino Ratio | 5.95 | 131.42 |
| Omega Ratio | 1.81 | 52.42 |
| Calmar Ratio | 7.09 | 192.96 |
| Martin Ratio | 20.32 | 1,939.51 |
| Ulcer Index | 0.34% | 0.00% |
| Daily Std Dev | 2.05% | 0.27% |
| Max Drawdown | -5.28% | -0.46% |
| Current Drawdown | -0.77% | 0.00% |
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SCHO vs. SHV - Expense Ratio Comparison
SCHO has a 0.05% expense ratio, which is lower than SHV's 0.15% 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%.
Correlation
The correlation between SCHO and SHV is 0.22, 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.
Risk-Adjusted Performance
SCHO vs. SHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) and iShares Short Treasury Bond ETF (SHV). 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. SHV - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 6.08%, more than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 6.08% | 5.68% | 1.74% | 0.61% | 2.00% | 3.03% | 2.82% | 1.84% | 1.17% | 1.06% | 0.70% | 0.40% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
SCHO vs. SHV - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.28%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for SCHO and SHV. For additional features, visit the drawdowns tool.
Volatility
SCHO vs. SHV - Volatility Comparison
Schwab Short-Term U.S. Treasury ETF (SCHO) has a higher volatility of 0.38% compared to iShares Short Treasury Bond ETF (SHV) at 0.07%. This indicates that SCHO's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.