VOO vs. SCHR
VOO (Vanguard S&P 500 ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, VOO returned 15.50%/yr vs 1.19%/yr for SCHR. At a correlation of -0.20, they often move in opposite directions. VOO charges 0.03%/yr vs 0.05%/yr for SCHR.
Performance
VOO vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than SCHR's -0.27% return. Over the past 10 years, VOO has outperformed SCHR with an annualized return of 15.50%, while SCHR has yielded a comparatively lower 1.19% annualized return.
VOO
- 1D
- 0.55%
- 1M
- -0.84%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
SCHR
- 1D
- -0.12%
- 1M
- 0.13%
- YTD
- -0.27%
- 6M
- 0.04%
- 1Y
- 3.42%
- 3Y*
- 3.71%
- 5Y*
- 0.02%
- 10Y*
- 1.19%
VOO vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.27% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
Correlation
The correlation between VOO and SCHR is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | -0.20 |
The correlation between VOO and SCHR shifts across timeframes, from -0.20 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VOO vs. SCHR — Risk / Return Rank
VOO
SCHR
VOO vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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.
| VOO | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.17 | +1.58 |
| Martin ratioReturn relative to average drawdown | 12.42 | 3.29 | +9.13 |
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Drawdowns
VOO vs. SCHR - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for VOO and SCHR.
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Drawdown Indicators
| VOO | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -16.11% | -17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -2.79% | -6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -4.35% | -14.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -15.07% | -9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -16.11% | -17.88% |
Current DrawdownCurrent decline from peak | -2.34% | -2.21% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -3.64% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.99% | +0.98% |
Volatility
VOO vs. SCHR - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 4.34% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.11%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOO | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 1.11% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 2.40% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 3.38% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 5.38% | +11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 4.47% | +13.56% |
VOO vs. SCHR - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than SCHR'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%.
Dividends
VOO vs. SCHR - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, less than SCHR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.91% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
VOO and SCHR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.34%) compared to SCHR (1.11%). In terms of maximum drawdown, VOO dropped -33.99% vs SCHR's -16.11%.
On 10-year performance, VOO leads with 15.50% vs 1.19% for SCHR. On fees, VOO is cheaper at 0.03% per year. On volatility, SCHR has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.50% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.
SCHR has the higher dividend yield at 3.91%, compared with 1.05% for VOO.
VOO is categorized as S&P 500, while SCHR is Government Bonds. VOO tracks S&P 500 Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.03% for VOO and 0.05% for SCHR.
VOO currently has the higher Sharpe Ratio (1.99 vs 0.97), 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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