SCHR vs. GOVT
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and GOVT (iShares U.S. Treasury Bond ETF) are both Government Bonds funds - SCHR tracks the Bloomberg US Treasury 3-10 Year Index while GOVT tracks the ICE U.S. Treasury Core Bond Index. Both are passively managed. Over the past 10 years, SCHR returned 1.15%/yr vs 0.79%/yr for GOVT. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
SCHR vs. GOVT - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.76% return, which is significantly lower than GOVT's -0.44% return. Over the past 10 years, SCHR has outperformed GOVT with an annualized return of 1.15%, while GOVT has yielded a comparatively lower 0.79% annualized return.
SCHR
- 1D
- -0.04%
- 1M
- -0.88%
- YTD
- -0.76%
- 6M
- -0.40%
- 1Y
- 3.59%
- 3Y*
- 3.39%
- 5Y*
- -0.07%
- 10Y*
- 1.15%
GOVT
- 1D
- -0.11%
- 1M
- -0.70%
- YTD
- -0.44%
- 6M
- -0.15%
- 1Y
- 3.62%
- 3Y*
- 2.77%
- 5Y*
- -0.59%
- 10Y*
- 0.79%
SCHR vs. GOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.76% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
GOVT iShares U.S. Treasury Bond ETF | -0.44% | 3.77% | 2.95% | 4.17% | -13.39% | -1.11% | 7.28% | 7.36% | 0.26% | 2.19% |
Correlation
The correlation between SCHR and GOVT is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012 | 0.91 |
The correlation between SCHR and GOVT has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
SCHR vs. GOVT — Risk / Return Rank
SCHR
GOVT
SCHR vs. GOVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and iShares U.S. Treasury Bond ETF (GOVT). 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 | GOVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.27 | +0.02 |
| Martin ratioReturn relative to average drawdown | 3.75 | 3.66 | +0.09 |
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 | GOVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.02 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.10 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.15 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.25 | +0.18 |
Drawdowns
SCHR vs. GOVT - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum GOVT drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for SCHR and GOVT.
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Drawdown Indicators
| SCHR | GOVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -19.07% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.85% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -5.43% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -16.60% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -19.07% | +2.96% |
Current DrawdownCurrent decline from peak | -2.69% | -7.48% | +4.79% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -5.25% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.99% | -0.03% |
Volatility
SCHR vs. GOVT - Volatility Comparison
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and iShares U.S. Treasury Bond ETF (GOVT) have volatilities of 1.04% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHR | GOVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.05% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.53% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.56% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 6.04% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 5.23% | -0.76% |
SCHR vs. GOVT - Expense Ratio Comparison
Both SCHR and GOVT 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%.
Dividends
SCHR vs. GOVT - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.93%, more than GOVT's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 3.60% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.93% | 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 GOVT 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.
GOVT has higher volatility (1.05%) compared to SCHR (1.04%). In terms of maximum drawdown, SCHR dropped -16.11% vs GOVT's -19.07%.
On 10-year performance, SCHR leads with 1.15% vs 0.79% for GOVT. Both ETFs have the same 0.05% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHR has performed better with a 1.15% return vs 0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR and GOVT have the same expense ratio: 0.05% per year.
SCHR has the higher dividend yield at 3.93%, compared with 3.60% for GOVT.
SCHR tracks Bloomberg US Treasury 3-10 Year Index, while GOVT tracks ICE U.S. Treasury Core Bond Index. They also come from different issuers: Charles Schwab and iShares.
SCHR currently has the higher Sharpe Ratio (1.07 vs 1.02), 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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