SCHR vs. GLDM
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SCHR returned 0.02%/yr vs 17.41%/yr for GLDM. At a 0.36 correlation, their price movements are largely independent. SCHR charges 0.05%/yr vs 0.10%/yr for GLDM.
Performance
SCHR vs. GLDM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHR achieves a -0.27% return, which is significantly higher than GLDM's -2.40% return.
SCHR
- 1D
- -0.12%
- 1M
- 0.66%
- YTD
- -0.27%
- 6M
- 0.04%
- 1Y
- 3.42%
- 3Y*
- 3.71%
- 5Y*
- 0.02%
- 10Y*
- 1.19%
GLDM
- 1D
- 0.11%
- 1M
- -7.40%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
SCHR vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.27% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 2.89% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between SCHR and GLDM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.36 |
The correlation between SCHR and GLDM shifts across timeframes, from 0.26 (3 years) to 0.36 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHR vs. GLDM — Risk / Return Rank
SCHR
GLDM
SCHR vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and SPDR Gold MiniShares Trust (GLDM). 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.
| SCHR | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.00 | +0.17 |
| Martin ratioReturn relative to average drawdown | 3.29 | 2.87 | +0.42 |
Loading charts...
Drawdowns
SCHR vs. GLDM - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum GLDM drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for SCHR and GLDM.
Loading charts...
Drawdown Indicators
| SCHR | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -24.35% | +8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -24.35% | +21.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -24.35% | +20.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -24.35% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -21.96% | +19.75% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -6.27% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 8.44% | -7.45% |
Volatility
SCHR vs. GLDM - Volatility Comparison
The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.11%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.73%. This indicates that SCHR experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHR | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 7.73% | -6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 23.93% | -21.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 27.15% | -23.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 18.13% | -12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 16.98% | -12.51% |
SCHR vs. GLDM - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is lower than GLDM's 0.10% 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
SCHR vs. GLDM - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.91%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.91% | 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
SCHR and GLDM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (7.73%) compared to SCHR (1.11%). In terms of maximum drawdown, SCHR dropped -16.11% vs GLDM's -24.35%.
On 5-year performance, GLDM leads with 17.41% vs 0.02% for SCHR. On fees, SCHR is cheaper at 0.05% per year. On volatility, SCHR has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDM has performed better with a 17.41% return vs 0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.10% for GLDM.
SCHR has the higher dividend yield at 3.91%, compared with 0.00% for GLDM.
SCHR is categorized as Government Bonds, while GLDM is Gold. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.05% for SCHR and 0.10% for GLDM.
SCHR currently has the higher Sharpe Ratio (0.97 vs 0.90), 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.
Find the right allocation for SCHR and GLDM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer