USSH vs. SCHO
USSH (WisdomTree 1-3 Year Laddered Treasury Fund) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both Government Bonds funds - USSH tracks the Bloomberg US Treasury 1-3 Year Laddered Index while SCHO tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past year, USSH returned 2.86% vs 3.01% for SCHO. Their correlation of 0.91 suggests significant overlap in exposure. USSH charges 0.15%/yr vs 0.03%/yr for SCHO.
Performance
USSH vs. SCHO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with USSH having a 0.41% return and SCHO slightly higher at 0.42%.
USSH
- 1D
- 0.08%
- 1M
- 0.14%
- YTD
- 0.41%
- 6M
- 0.58%
- 1Y
- 2.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHO
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.42%
- 6M
- 0.62%
- 1Y
- 3.01%
- 3Y*
- 4.20%
- 5Y*
- 1.84%
- 10Y*
- 1.68%
USSH vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 0.41% | 5.00% | 3.87% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.42% | 5.49% | 3.59% |
Correlation
The correlation between USSH and SCHO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.91 |
The correlation between USSH and SCHO has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
USSH vs. SCHO — Risk / Return Rank
USSH
SCHO
USSH vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree 1-3 Year Laddered Treasury Fund (USSH) 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.
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.
| USSH | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.51 | -0.23 |
| Martin ratioReturn relative to average drawdown | 12.46 | 14.59 | -2.13 |
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Drawdowns
USSH vs. SCHO - Drawdown Comparison
The maximum USSH drawdown since its inception was -1.01%, smaller than the maximum SCHO drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for USSH and SCHO.
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Drawdown Indicators
| USSH | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.01% | -5.69% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.86% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.69% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.27% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -0.61% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.21% | +0.02% |
Volatility
USSH vs. SCHO - Volatility Comparison
WisdomTree 1-3 Year Laddered Treasury Fund (USSH) and Schwab Short-Term U.S. Treasury ETF (SCHO) have volatilities of 0.48% and 0.49%, 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.
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Volatility by Period
| USSH | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.49% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 0.98% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 1.40% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 1.99% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 1.56% | -0.02% |
USSH vs. SCHO - Expense Ratio Comparison
USSH has a 0.15% expense ratio, which is higher than SCHO's 0.03% 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%.
Dividends
USSH vs. SCHO - Dividend Comparison
USSH's dividend yield for the trailing twelve months is around 3.64%, less than SCHO's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 3.91% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 3.64% | 3.67% | 3.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USSH and SCHO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHO has higher volatility (0.49%) compared to USSH (0.48%). In terms of maximum drawdown, USSH dropped -1.01% vs SCHO's -5.69%.
On 1-year performance, SCHO leads with 3.01% vs 2.86% for USSH. On fees, SCHO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHO has performed better with a 3.01% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHO is cheaper with a 0.03% expense ratio, compared with 0.15% for USSH.
SCHO has the higher dividend yield at 3.91%, compared with 3.64% for USSH.
USSH tracks Bloomberg US Treasury 1-3 Year Laddered Index, while SCHO tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: WisdomTree and Charles Schwab. Their fees differ too: 0.15% for USSH and 0.03% for SCHO.
USSH currently has the higher Sharpe Ratio (2.18 vs 2.16), 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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