VSBIX vs. SCHO
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
VSBIX is managed by Vanguard. It was launched on Aug 23, 2010. 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: VSBIX or SCHO.
Key characteristics
| VSBIX | SCHO | |
|---|---|---|
| YTD Return | 3.42% | 4.54% |
| 1Y Return | 5.49% | 7.37% |
| 3Y Return (Ann) | 0.97% | 2.34% |
| 5Y Return (Ann) | 1.11% | 2.28% |
| 10Y Return (Ann) | 1.18% | 2.08% |
| Sharpe Ratio | 2.81 | 3.46 |
| Sortino Ratio | 4.47 | 6.12 |
| Omega Ratio | 1.61 | 1.84 |
| Calmar Ratio | 1.62 | 8.04 |
| Martin Ratio | 15.98 | 23.19 |
| Ulcer Index | 0.33% | 0.31% |
| Daily Std Dev | 1.88% | 2.09% |
| Max Drawdown | -6.49% | -5.28% |
| Current Drawdown | -0.83% | -0.77% |
Correlation
The correlation between VSBIX and SCHO is 0.81, 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
VSBIX vs. SCHO - Performance Comparison
In the year-to-date period, VSBIX achieves a 3.42% return, which is significantly lower than SCHO's 4.54% return. Over the past 10 years, VSBIX has underperformed SCHO with an annualized return of 1.18%, while SCHO has yielded a comparatively higher 2.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSBIX vs. SCHO - Expense Ratio Comparison
Both VSBIX and SCHO have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VSBIX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) 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
VSBIX vs. SCHO - Dividend Comparison
VSBIX's dividend yield for the trailing twelve months is around 4.14%, less than SCHO's 6.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 4.14% | 3.31% | 1.14% | 0.35% | 1.14% | 2.28% | 1.81% | 1.11% | 0.85% | 0.70% | 0.44% | 0.29% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.05% | 5.36% | 2.26% | 0.74% | 1.98% | 3.39% | 2.62% | 1.67% | 1.36% | 0.90% | 0.67% | 0.45% |
Drawdowns
VSBIX vs. SCHO - Drawdown Comparison
The maximum VSBIX drawdown since its inception was -6.49%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for VSBIX and SCHO. For additional features, visit the drawdowns tool.
Volatility
VSBIX vs. SCHO - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) is 0.35%, while Schwab Short-Term U.S. Treasury ETF (SCHO) has a volatility of 0.37%. This indicates that VSBIX experiences smaller price fluctuations and is considered to be less risky than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.