SCHW vs. SCHO
SCHW (The Charles Schwab Corporation) is a stock, while SCHO (Schwab Short-Term U.S. Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Over the past 10 years, SCHW returned 15.65%/yr vs 1.72%/yr for SCHO. Their -0.27 correlation means they have often moved in opposite directions in the past.
Performance
SCHW vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, SCHW achieves a 6.07% return, which is significantly higher than SCHO's 0.79% return. Over the past 10 years, SCHW has outperformed SCHO with an annualized return of 15.65%, while SCHO has yielded a comparatively lower 1.72% annualized return.
SCHW
- 1D
- 0.87%
- 1M
- 8.49%
- 6M
- 1.98%
- YTD
- 6.07%
- 1Y
- 11.56%
- 3Y*
- 18.65%
- 5Y*
- 10.60%
- 10Y*
- 15.65%
- ALL TIME*
- 19.09%
SCHO
- 1D
- -0.04%
- 1M
- 0.04%
- 6M
- 0.58%
- YTD
- 0.79%
- 1Y
- 2.63%
- 3Y*
- 4.31%
- 5Y*
- 1.87%
- 10Y*
- 1.72%
- ALL TIME*
- 1.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $59.23M | $61.44M | $84.14M | |
| $904.80M | $877.50M | $995.78M |
SCHW vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHW The Charles Schwab Corporation | 6.07% | 36.65% | 9.17% | -15.97% | 0.11% | 60.23% | 13.57% | 16.38% | -18.43% | 31.15% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.79% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Correlation
The correlation between SCHW and SCHO is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | -0.27 |
The correlation between SCHW and SCHO shifts across timeframes, from -0.27 (all time) to -0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHW vs. SCHO — Risk / Return Rank
SCHW
SCHO
SCHW vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Charles Schwab Corporation (SCHW) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
| SCHW | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.45 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 3.66 | -3.21 |
| Martin ratioReturn relative to average drawdown | 1.00 | 15.34 | -14.34 |
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Drawdowns
SCHW vs. SCHO - Drawdown Comparison
The maximum SCHW drawdown since its inception was -86.79%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for SCHW and SCHO.
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Drawdown Indicators
| SCHW | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.79% | -5.69% | -81.10% |
Max Drawdown (1Y)Largest decline over 1 year | -19.83% | -0.86% | -18.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -0.98% | -23.96% |
Max Drawdown (5Y)Largest decline over 5 years | -49.70% | -5.65% | -44.05% |
Max Drawdown (10Y)Largest decline over 10 years | -51.08% | -5.69% | -45.39% |
Current DrawdownCurrent decline from peak | -1.15% | -0.04% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -0.61% | -34.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.08% | 0.20% | +8.88% |
Volatility
SCHW vs. SCHO - Volatility Comparison
The Charles Schwab Corporation (SCHW) has a higher volatility of 6.44% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.37%. This indicates that SCHW's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHW | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 0.37% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.80% | 1.03% | +19.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.34% | 1.41% | +23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.11% | 2.00% | +30.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.11% | 1.56% | +31.55% |
Dividends
SCHW vs. SCHO - Dividend Comparison
SCHW's dividend yield for the trailing twelve months is around 1.12%, less than SCHO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 3.53% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
SCHW The Charles Schwab Corporation | 1.12% | 1.08% | 1.35% | 1.45% | 1.01% | 0.86% | 1.36% | 1.43% | 1.11% | 0.62% | 0.68% | 0.73% |
Frequently Asked Questions
SCHW and SCHO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHW has higher volatility (6.44%) compared to SCHO (0.37%). In terms of maximum drawdown, SCHW dropped -86.79% vs SCHO's -5.69%.
SCHO currently has the higher Sharpe Ratio (2.24 vs 0.36), 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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