SPTS vs. SCHO
Compare and contrast key facts about SPDR Portfolio Short Term Treasury ETF (SPTS) and Schwab Short-Term U.S. Treasury ETF (SCHO).
SPTS and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTS is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Nov 30, 2011. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010. Both SPTS and SCHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPTS or SCHO.
Key characteristics
| SPTS | SCHO | |
|---|---|---|
| YTD Return | 3.42% | 4.50% |
| 1Y Return | 5.01% | 6.86% |
| 3Y Return (Ann) | 1.15% | 2.39% |
| 5Y Return (Ann) | 1.27% | 2.24% |
| 10Y Return (Ann) | 1.29% | 2.07% |
| Sharpe Ratio | 2.75 | 3.48 |
| Sortino Ratio | 4.42 | 6.18 |
| Omega Ratio | 1.57 | 1.84 |
| Calmar Ratio | 2.42 | 7.43 |
| Martin Ratio | 15.77 | 22.35 |
| Ulcer Index | 0.34% | 0.33% |
| Daily Std Dev | 1.95% | 2.09% |
| Max Drawdown | -5.83% | -5.28% |
| Current Drawdown | -0.82% | -0.82% |
Correlation
The correlation between SPTS and SCHO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPTS vs. SCHO - Performance Comparison
In the year-to-date period, SPTS achieves a 3.42% return, which is significantly lower than SCHO's 4.50% return. Over the past 10 years, SPTS has underperformed SCHO with an annualized return of 1.29%, while SCHO has yielded a comparatively higher 2.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPTS vs. SCHO - Expense Ratio Comparison
SPTS has a 0.06% expense ratio, which is higher than SCHO's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPTS vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) 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.
Dividends
SPTS vs. SCHO - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 4.22%, less than SCHO's 6.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 4.22% | 3.61% | 1.26% | 0.20% | 0.71% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% | 0.43% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.48% | 5.11% | 1.74% | 0.52% | 1.85% | 3.00% | 2.53% | 2.02% | 1.36% | 1.00% | 0.75% | 0.49% |
Drawdowns
SPTS vs. SCHO - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for SPTS and SCHO. For additional features, visit the drawdowns tool.
Volatility
SPTS vs. SCHO - Volatility Comparison
SPDR Portfolio Short Term Treasury ETF (SPTS) and Schwab Short-Term U.S. Treasury ETF (SCHO) have volatilities of 0.37% and 0.38%, 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.