SCHY vs. SGOV
SCHY (Schwab International Dividend Equity ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, SCHY returned 8.24%/yr vs 3.56%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions. SCHY charges 0.08%/yr vs 0.09%/yr for SGOV.
Performance
SCHY vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHY achieves a 9.87% return, which is significantly higher than SGOV's 1.63% return.
SCHY
- 1D
- -0.52%
- 1M
- 1.78%
- YTD
- 9.87%
- 6M
- 10.53%
- 1Y
- 23.12%
- 3Y*
- 14.83%
- 5Y*
- 8.24%
- 10Y*
- —
SGOV
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.56%
- 10Y*
- —
SCHY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHY Schwab International Dividend Equity ETF | 9.87% | 33.98% | -1.79% | 14.27% | -9.43% | 3.42% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.63% | 4.24% | 5.27% | 5.12% | 1.58% | 0.03% |
Correlation
The correlation between SCHY and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021 | -0.01 |
The correlation between SCHY and SGOV shifts across timeframes, from -0.14 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHY vs. SGOV — Risk / Return Rank
SCHY
SGOV
SCHY vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Dividend Equity ETF (SCHY) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| SCHY | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.39 | ||
| Sortino ratioReturn per unit of downside risk | -271.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 194.55 | -193.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 396.11 | -393.56 |
| Martin ratioReturn relative to average drawdown | 7.89 | 4,438.60 | -4,430.70 |
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Drawdowns
SCHY vs. SGOV - Drawdown Comparison
The maximum SCHY drawdown since its inception was -24.04%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SCHY and SGOV.
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Drawdown Indicators
| SCHY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.04% | -0.03% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -0.01% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -0.01% | -12.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | -0.03% | -24.01% |
Current DrawdownCurrent decline from peak | -3.44% | 0.00% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -0.00% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.00% | +2.94% |
Volatility
SCHY vs. SGOV - Volatility Comparison
Schwab International Dividend Equity ETF (SCHY) has a higher volatility of 3.42% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that SCHY's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 0.05% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 0.13% | +9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 0.19% | +11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 0.24% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 0.24% | +12.99% |
SCHY vs. SGOV - Expense Ratio Comparison
SCHY has a 0.08% expense ratio, which is lower than SGOV's 0.09% 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
SCHY vs. SGOV - Dividend Comparison
SCHY's dividend yield for the trailing twelve months is around 3.38%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SCHY Schwab International Dividend Equity ETF | 3.38% | 3.55% | 4.64% | 3.97% | 3.67% | 1.73% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
SCHY and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHY has higher volatility (3.42%) compared to SGOV (0.05%). In terms of maximum drawdown, SCHY dropped -24.04% vs SGOV's -0.03%.
On 5-year performance, SCHY leads with 8.24% vs 3.56% for SGOV. On fees, SCHY is cheaper at 0.08% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHY has performed better with a 8.24% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHY is cheaper with a 0.08% expense ratio, compared with 0.09% for SGOV.
SGOV has the higher dividend yield at 3.85%, compared with 3.38% for SCHY.
SCHY is categorized as Dividend, while SGOV is Ultrashort Bond. SCHY tracks Dow Jones International Dividend 100 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.08% for SCHY and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.33 vs 1.94), 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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