SCHR vs. BSV
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past 10 years, SCHR returned 1.23%/yr vs 1.95%/yr for BSV. Their correlation of 0.85 suggests significant overlap in exposure. SCHR charges 0.05%/yr vs 0.03%/yr for BSV.
Performance
SCHR vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.43% return, which is significantly lower than BSV's 0.29% return. Over the past 10 years, SCHR has underperformed BSV with an annualized return of 1.23%, while BSV has yielded a comparatively higher 1.95% annualized return.
SCHR
- 1D
- -0.16%
- 1M
- -0.15%
- YTD
- -0.43%
- 6M
- -0.59%
- 1Y
- 3.55%
- 3Y*
- 3.41%
- 5Y*
- 0.05%
- 10Y*
- 1.23%
BSV
- 1D
- -0.08%
- 1M
- 0.06%
- YTD
- 0.29%
- 6M
- 0.52%
- 1Y
- 3.68%
- 3Y*
- 4.41%
- 5Y*
- 1.62%
- 10Y*
- 1.95%
SCHR vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.43% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.29% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Correlation
The correlation between SCHR and BSV is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2010 | 0.85 |
The correlation between SCHR and BSV shifts across timeframes, from 0.85 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHR vs. BSV — Risk / Return Rank
SCHR
BSV
SCHR vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| SCHR | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.87 | -1.60 |
| Martin ratioReturn relative to average drawdown | 3.82 | 10.07 | -6.25 |
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
| SCHR | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.05 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.60 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.83 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.85 | -0.41 |
Drawdowns
SCHR vs. BSV - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for SCHR and BSV.
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Drawdown Indicators
| SCHR | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -8.54% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -1.29% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -1.53% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -8.54% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -8.54% | -7.57% |
Current DrawdownCurrent decline from peak | -2.37% | -0.63% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -0.97% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.37% | +0.56% |
Volatility
SCHR vs. BSV - Volatility Comparison
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) has a higher volatility of 1.08% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.52%. This indicates that SCHR's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHR | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.52% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 1.26% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 1.81% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 2.72% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 2.37% | +2.10% |
SCHR vs. BSV - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is higher than BSV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHR vs. BSV - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.92%, less than BSV's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.00% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.92% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
With a correlation of 0.95, SCHR and BSV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SCHR has higher volatility (1.08%) compared to BSV (0.52%). In terms of maximum drawdown, SCHR dropped -16.11% vs BSV's -8.54%.
On 10-year performance, BSV leads with 1.95% vs 1.23% for SCHR. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BSV has performed better with a 1.95% return vs 1.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.
BSV has the higher dividend yield at 4.00%, compared with 3.92% for SCHR.
SCHR is categorized as Government Bonds, while BSV is Short-Term Bond. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.05% for SCHR and 0.03% for BSV.
BSV currently has the higher Sharpe Ratio (2.05 vs 1.04), 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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