SCHV vs. TBUX
SCHV (Schwab U.S. Large-Cap Value ETF) and TBUX (T. Rowe Price Ultra Short-Term Bond ETF) are both exchange-traded funds - SCHV is a Large Cap Value Equities fund tracking the Dow Jones U.S. Large-Cap Value Total Stock Market Index, while TBUX is a Ultrashort Bond fund actively managed by T. Rowe Price. SCHV is passively managed, while TBUX is actively managed. Over the past 3 years, SCHV returned 16.15%/yr vs 5.75%/yr for TBUX. At a 0.09 correlation, their price movements are largely independent. SCHV charges 0.04%/yr vs 0.17%/yr for TBUX.
Performance
SCHV vs. TBUX - Performance Comparison
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Returns By Period
In the year-to-date period, SCHV achieves a 14.69% return, which is significantly higher than TBUX's 2.21% return.
SCHV
- 1D
- -0.47%
- 1M
- -2.19%
- 6M
- 9.69%
- YTD
- 14.69%
- 1Y
- 22.64%
- 3Y*
- 16.15%
- 5Y*
- 10.49%
- 10Y*
- 10.94%
- ALL TIME*
- 11.54%
TBUX
- 1D
- 0.02%
- 1M
- 0.37%
- 6M
- 2.05%
- YTD
- 2.21%
- 1Y
- 4.64%
- 3Y*
- 5.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.12%
SCHV vs. TBUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHV Schwab U.S. Large-Cap Value ETF | 14.69% | 16.02% | 14.13% | 8.93% | -7.65% | 7.70% |
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 2.21% | 5.37% | 6.38% | 6.39% | -0.13% | -0.25% |
Correlation
The correlation between SCHV and TBUX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.09 |
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Return for Risk
SCHV vs. TBUX — Risk / Return Rank
SCHV
TBUX
SCHV vs. TBUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and T. Rowe Price Ultra Short-Term Bond ETF (TBUX). 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.
| SCHV | TBUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.02 | ||
| Sortino ratioReturn per unit of downside risk | -11.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 3.05 | -1.69 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 46.42 | -43.09 |
| Martin ratioReturn relative to average drawdown | 12.95 | 173.65 | -160.71 |
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Drawdowns
SCHV vs. TBUX - Drawdown Comparison
The maximum SCHV drawdown since its inception was -37.08%, which is greater than TBUX's maximum drawdown of -1.82%. Use the drawdown chart below to compare losses from any high point for SCHV and TBUX.
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Drawdown Indicators
| SCHV | TBUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -1.82% | -35.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -0.10% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -0.33% | -14.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.08% | — | — |
Current DrawdownCurrent decline from peak | -3.42% | 0.00% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -0.28% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 0.03% | +1.72% |
Volatility
SCHV vs. TBUX - Volatility Comparison
Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 3.33% compared to T. Rowe Price Ultra Short-Term Bond ETF (TBUX) at 0.16%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than TBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHV | TBUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 0.16% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 0.48% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 0.66% | +10.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 1.06% | +13.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 1.06% | +15.86% |
SCHV vs. TBUX - Expense Ratio Comparison
SCHV has a 0.04% expense ratio, which is lower than TBUX's 0.17% 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
SCHV vs. TBUX - Dividend Comparison
SCHV's dividend yield for the trailing twelve months is around 1.82%, less than TBUX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHV Schwab U.S. Large-Cap Value ETF | 1.82% | 2.02% | 2.25% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 2.65% | 2.69% |
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 4.44% | 4.67% | 5.39% | 4.66% | 2.58% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCHV and TBUX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHV has higher volatility (3.33%) compared to TBUX (0.16%). In terms of maximum drawdown, SCHV dropped -37.08% vs TBUX's -1.82%.
On 3-year performance, SCHV leads with 16.15% vs 5.75% for TBUX. On fees, SCHV is cheaper at 0.04% per year. On volatility, TBUX has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHV has performed better with a 16.15% return vs 5.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHV is cheaper with a 0.04% expense ratio, compared with 0.17% for TBUX.
TBUX has the higher dividend yield at 4.44%, compared with 1.82% for SCHV.
SCHV is categorized as Large Cap Value Equities, while TBUX is Ultrashort Bond. They also come from different issuers: Charles Schwab and T. Rowe Price. Their fees differ too: 0.04% for SCHV and 0.17% for TBUX.
TBUX currently has the higher Sharpe Ratio (7.05 vs 2.03), 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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