THTA vs. SCHO

Last updated Apr 1, 2026

Compare and contrast key facts about SoFi Enhanced Yield ETF (THTA) and Schwab Short-Term U.S. Treasury ETF (SCHO).

THTA and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THTA is an actively managed fund by SoFi. It was launched on Nov 14, 2023. 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

THTA vs. SCHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Enhanced Yield ETF (THTA) and Schwab Short-Term U.S. Treasury ETF (SCHO). The values are adjusted to include any dividend payments, if applicable.

THTA vs. SCHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
THTA SoFi Enhanced Yield ETF	4.09%	-10.24%	7.31%	1.04%
SCHO Schwab Short-Term U.S. Treasury ETF	0.24%	5.49%	3.65%	1.71%

Returns By Period

In the year-to-date period, THTA achieves a 4.09% return, which is significantly higher than SCHO's 0.24% return.

THTA

• 1D: 0.46%
• 1M: 1.30%
• YTD: 4.09%
• 6M: 7.88%
• 1Y: -7.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHO

• 1D: 0.08%
• 1M: -0.45%
• YTD: 0.24%
• 6M: 1.40%
• 1Y: 3.77%
• 3Y*: 3.99%
• 5Y*: 1.79%
• 10Y*: 1.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

THTA vs. SCHO - Expense Ratio Comparison

THTA has a 0.49% expense ratio, which is higher than SCHO's 0.03% expense ratio.

THTA

SoFi Enhanced Yield ETF

SCHO

Schwab Short-Term U.S. Treasury ETF

Return for Risk

THTA vs. SCHO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THTA

THTA Risk / Return Rank: 7
THTA Sharpe Ratio Rank: 7
THTA Sortino Ratio Rank: 8
THTA Omega Ratio Rank: 5
THTA Calmar Ratio Rank: 8
THTA Martin Ratio Rank: 9

SCHO

SCHO Risk / Return Rank: 97
SCHO Sharpe Ratio Rank: 96
SCHO Sortino Ratio Rank: 98
SCHO Omega Ratio Rank: 96
SCHO Calmar Ratio Rank: 96
SCHO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

THTA vs. SCHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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.

	THTA	SCHO	Difference
Sharpe ratio Return per unit of total volatility	-0.26	2.49	-2.75
Sortino ratio Return per unit of downside risk	-0.11	4.00	-4.12
Omega ratio Gain probability vs. loss probability	0.95	1.51	-0.56
Calmar ratio Return relative to maximum drawdown	-0.23	4.44	-4.67
Martin ratio Return relative to average drawdown	-0.45	17.55	-18.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THTA vs. SCHO - Sharpe Ratio Comparison

The current THTA Sharpe Ratio is -0.26, which is lower than the SCHO Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of THTA and SCHO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THTA	SCHO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	2.49	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	1.00	-0.97

Correlation

The correlation between THTA and SCHO is -0.03. 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.

Dividends

THTA vs. SCHO - Dividend Comparison

THTA's dividend yield for the trailing twelve months is around 11.63%, more than SCHO's 4.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
THTA SoFi Enhanced Yield ETF	11.63%	12.66%	12.44%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHO Schwab Short-Term U.S. Treasury ETF	4.00%	4.06%	4.29%	3.76%	1.34%	0.41%	1.27%	2.27%	1.60%	1.12%	0.82%	0.68%

Drawdowns

THTA vs. SCHO - Drawdown Comparison

The maximum THTA drawdown since its inception was -31.41%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for THTA and SCHO.

Drawdown Indicators

	THTA	SCHO	Difference
Max Drawdown Largest peak-to-trough decline	-31.41%	-5.69%	-25.72%
Max Drawdown (1Y) Largest decline over 1 year	-30.83%	-0.86%	-29.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.69%	—
Current Drawdown Current decline from peak	-9.20%	-0.45%	-8.75%
Average Drawdown Average peak-to-trough decline	-7.51%	-0.61%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.67%	0.22%	+15.45%

Volatility

THTA vs. SCHO - Volatility Comparison

SoFi Enhanced Yield ETF (THTA) has a higher volatility of 1.69% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.52%. This indicates that THTA'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.

Volatility by Period

	THTA	SCHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	0.52%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	0.87%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	29.10%	1.52%	+27.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	1.97%	+19.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	1.55%	+19.42%