VGSH vs. SCHO
Compare and contrast key facts about Vanguard Short-Term Treasury ETF (VGSH) and Schwab Short-Term U.S. Treasury ETF (SCHO).
VGSH and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. 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. Both VGSH and SCHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGSH or SCHO.
Key characteristics
| VGSH | SCHO | |
|---|---|---|
| Sharpe Ratio | 2.43 | 3.14 |
| Sortino Ratio | 3.79 | 5.38 |
| Omega Ratio | 1.51 | 1.74 |
| Calmar Ratio | 3.03 | 6.64 |
| Martin Ratio | 11.77 | 17.88 |
| Ulcer Index | 0.39% | 0.36% |
| Daily Std Dev | 1.88% | 1.97% |
| Max Drawdown | -5.70% | -5.28% |
| Current Drawdown | -0.80% | -0.77% |
Correlation
The correlation between VGSH and SCHO is 0.75, 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.
Performance
VGSH vs. SCHO - Performance Comparison
Returns By Period
In the year-to-date period, VGSH achieves a 3.40% return, which is significantly lower than SCHO's 4.54% return. Over the past 10 years, VGSH has underperformed SCHO with an annualized return of 1.28%, while SCHO has yielded a comparatively higher 2.08% annualized return.
VGSH
3.40%
0.02%
2.71%
4.30%
1.25%
1.28%
SCHO
4.54%
0.04%
3.09%
5.79%
2.22%
2.08%
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VGSH vs. SCHO - Expense Ratio Comparison
VGSH has a 0.04% 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
VGSH vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) 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
VGSH vs. SCHO - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 3.83%, less than SCHO's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 3.83% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
SCHO Schwab Short-Term U.S. Treasury ETF | 5.65% | 5.95% | 1.69% | 0.74% | 2.02% | 3.54% | 2.81% | 1.85% | 1.37% | 1.12% | 0.71% | 0.44% |
Drawdowns
VGSH vs. SCHO - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for VGSH and SCHO. For additional features, visit the drawdowns tool.
Volatility
VGSH vs. SCHO - Volatility Comparison
Vanguard Short-Term Treasury ETF (VGSH) has a higher volatility of 0.58% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.54%. This indicates that VGSH'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.