VFIRX vs. SCHO
Compare and contrast key facts about Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
VFIRX is managed by Vanguard. It was launched on Feb 13, 2001. 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: VFIRX or SCHO.
Performance
VFIRX vs. SCHO - Performance Comparison
Returns By Period
In the year-to-date period, VFIRX achieves a 3.23% return, which is significantly lower than SCHO's 4.50% return. Over the past 10 years, VFIRX has underperformed SCHO with an annualized return of 1.03%, while SCHO has yielded a comparatively higher 2.06% annualized return.
VFIRX
3.23%
-0.36%
3.02%
5.47%
0.77%
1.03%
SCHO
4.50%
-0.28%
3.23%
6.90%
2.22%
2.06%
Key characteristics
| VFIRX | SCHO | |
|---|---|---|
| Sharpe Ratio | 2.05 | 3.34 |
| Sortino Ratio | 3.43 | 5.88 |
| Omega Ratio | 1.45 | 1.80 |
| Calmar Ratio | 0.98 | 7.00 |
| Martin Ratio | 9.54 | 20.27 |
| Ulcer Index | 0.56% | 0.34% |
| Daily Std Dev | 2.62% | 2.05% |
| Max Drawdown | -8.06% | -5.28% |
| Current Drawdown | -1.16% | -0.82% |
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VFIRX vs. SCHO - Expense Ratio Comparison
VFIRX has a 0.10% 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%.
Correlation
The correlation between VFIRX and SCHO is 0.72, 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.
Risk-Adjusted Performance
VFIRX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) 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
VFIRX vs. SCHO - Dividend Comparison
VFIRX's dividend yield for the trailing twelve months is around 4.50%, less than SCHO's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIRX Vanguard Short-Term Treasury Fund Admiral Shares | 4.50% | 4.07% | 2.01% | 0.43% | 0.86% | 2.49% | 2.21% | 1.27% | 1.00% | 0.79% | 0.61% | 0.47% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.40% | 5.03% | 2.16% | 0.61% | 2.03% | 3.24% | 2.79% | 1.95% | 1.22% | 0.90% | 0.61% | 0.44% |
Drawdowns
VFIRX vs. SCHO - Drawdown Comparison
The maximum VFIRX drawdown since its inception was -8.06%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for VFIRX and SCHO. For additional features, visit the drawdowns tool.
Volatility
VFIRX vs. SCHO - Volatility Comparison
Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) has a higher volatility of 0.69% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.39%. This indicates that VFIRX'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.