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.
Performance
VSBIX vs. SCHO - Performance Comparison
Returns By Period
In the year-to-date period, VSBIX achieves a 3.34% return, which is significantly lower than SCHO's 4.50% return. Over the past 10 years, VSBIX has underperformed SCHO with an annualized return of 1.15%, while SCHO has yielded a comparatively higher 2.05% annualized return.
VSBIX
3.34%
-0.17%
2.91%
4.92%
1.06%
1.15%
SCHO
4.50%
-0.12%
3.28%
6.84%
2.24%
2.05%
Key characteristics
| VSBIX | SCHO | |
|---|---|---|
| Sharpe Ratio | 2.69 | 3.33 |
| Sortino Ratio | 4.26 | 5.86 |
| Omega Ratio | 1.57 | 1.80 |
| Calmar Ratio | 1.73 | 6.98 |
| Martin Ratio | 13.22 | 19.38 |
| Ulcer Index | 0.37% | 0.35% |
| Daily Std Dev | 1.83% | 2.05% |
| Max Drawdown | -6.49% | -5.28% |
| Current Drawdown | -0.91% | -0.82% |
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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%.
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.
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 4.15%, 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 | 4.15% | 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% | 5.31% | 2.03% | 0.69% | 1.64% | 3.42% | 2.65% | 1.70% | 1.37% | 0.96% | 0.65% | 0.49% |
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
Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Schwab Short-Term U.S. Treasury ETF (SCHO) have volatilities of 0.38% and 0.38%, 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.