SSAFX vs. SCHO
Compare and contrast key facts about State Street Aggregate Bond Index Portfolio (SSAFX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
SSAFX is managed by State Street. It was launched on Sep 19, 2014. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010.
Performance
SSAFX vs. SCHO - Performance Comparison
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SSAFX vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSAFX State Street Aggregate Bond Index Portfolio | 0.02% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 978.57% | 8.69% | -0.12% | 3.38% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.26% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Returns By Period
In the year-to-date period, SSAFX achieves a 0.02% return, which is significantly lower than SCHO's 0.26% return. Over the past 10 years, SSAFX has outperformed SCHO with an annualized return of 27.90%, while SCHO has yielded a comparatively lower 1.72% annualized return.
SSAFX
- 1D
- 0.20%
- 1M
- -1.32%
- YTD
- 0.02%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.49%
- 5Y*
- 0.11%
- 10Y*
- 27.90%
SCHO
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.26%
- 6M
- 1.27%
- 1Y
- 3.69%
- 3Y*
- 4.00%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
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SSAFX vs. SCHO - Expense Ratio Comparison
SSAFX has a 0.02% expense ratio, which is lower than SCHO's 0.03% 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%.
Return for Risk
SSAFX vs. SCHO — Risk / Return Rank
SSAFX
SCHO
SSAFX vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Aggregate Bond Index Portfolio (SSAFX) 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.
| SSAFX | SCHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 2.44 | -1.40 |
Sortino ratioReturn per unit of downside risk | 1.49 | 3.92 | -2.43 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.50 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 4.42 | -2.61 |
Martin ratioReturn relative to average drawdown | 4.96 | 17.32 | -12.35 |
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
| SSAFX | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.44 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.92 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 1.11 | -1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 1.00 | -0.90 |
Correlation
The correlation between SSAFX and SCHO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SSAFX vs. SCHO - Dividend Comparison
SSAFX's dividend yield for the trailing twelve months is around 3.74%, less than SCHO's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSAFX State Street Aggregate Bond Index Portfolio | 3.74% | 3.70% | 3.76% | 3.16% | 2.49% | 1.90% | 2.41% | 2.88% | 2.82% | 2.42% | 2.21% | 3.21% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.98% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Drawdowns
SSAFX vs. SCHO - Drawdown Comparison
The maximum SSAFX drawdown since its inception was -18.74%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for SSAFX and SCHO.
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Drawdown Indicators
| SSAFX | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -5.69% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.86% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.10% | -5.69% | -12.41% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -5.69% | -13.05% |
Current DrawdownCurrent decline from peak | -3.00% | -0.43% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -0.61% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.22% | +0.70% |
Volatility
SSAFX vs. SCHO - Volatility Comparison
State Street Aggregate Bond Index Portfolio (SSAFX) has a higher volatility of 1.59% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.52%. This indicates that SSAFX'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
| SSAFX | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 0.52% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 0.87% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 1.52% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 1.97% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 277.46% | 1.55% | +275.91% |