Correlation
The correlation between SSAFX and SCHO is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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 Global Advisors. It was launched on Sep 19, 2014. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSAFX or SCHO.
Performance
SSAFX vs. SCHO - Performance Comparison
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Key characteristics
SSAFX:
1.13
SCHO:
3.25
SSAFX:
1.65
SCHO:
5.30
SSAFX:
1.20
SCHO:
1.72
SSAFX:
0.45
SCHO:
6.01
SSAFX:
2.70
SCHO:
16.71
SSAFX:
2.18%
SCHO:
0.35%
SSAFX:
5.22%
SCHO:
1.80%
SSAFX:
-19.19%
SCHO:
-5.69%
SSAFX:
-7.52%
SCHO:
-0.23%
Returns By Period
The year-to-date returns for both investments are quite close, with SSAFX having a 2.43% return and SCHO slightly higher at 2.51%. Over the past 10 years, SSAFX has outperformed SCHO with an annualized return of 1.77%, while SCHO has yielded a comparatively lower 1.49% annualized return.
SSAFX
2.43%
-0.36%
0.70%
5.45%
1.46%
-1.08%
1.77%
SCHO
2.51%
-0.08%
2.39%
5.65%
2.97%
1.17%
1.49%
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SSAFX vs. SCHO - Expense Ratio Comparison
SSAFX has a 0.02% expense ratio, which is lower than SCHO's 0.05% 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%.
Risk-Adjusted Performance
SSAFX vs. SCHO — Risk-Adjusted Performance Rank
SSAFX
SCHO
SSAFX vs. SCHO - Risk-Adjusted Performance 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.
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Dividends
SSAFX vs. SCHO - Dividend Comparison
SSAFX's dividend yield for the trailing twelve months is around 3.86%, less than SCHO's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSAFX State Street Aggregate Bond Index Portfolio | 3.86% | 3.76% | 3.16% | 2.49% | 1.90% | 7.34% | 2.91% | 2.81% | 2.43% | 2.21% | 3.23% | 0.58% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.22% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.26% | 1.78% | 1.12% | 0.82% | 0.68% | 0.47% |
Drawdowns
SSAFX vs. SCHO - Drawdown Comparison
The maximum SSAFX drawdown since its inception was -19.19%, 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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Volatility
SSAFX vs. SCHO - Volatility Comparison
State Street Aggregate Bond Index Portfolio (SSAFX) has a higher volatility of 1.39% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.49%. 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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