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 | 4.04% | 4.01% |
| 1Y Return | 6.87% | 6.85% |
| 3Y Return (Ann) | 1.20% | 1.20% |
| 5Y Return (Ann) | 1.46% | 1.47% |
| 10Y Return (Ann) | 1.36% | 1.35% |
| Sharpe Ratio | 3.56 | 3.49 |
| Daily Std Dev | 1.91% | 1.95% |
| Max Drawdown | -5.74% | -5.69% |
| Current Drawdown | -0.12% | -0.12% |
Correlation
The correlation between VSBIX and SCHO is 0.83, 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
The year-to-date returns for both stocks are quite close, with VSBIX having a 4.04% return and SCHO slightly lower at 4.01%. Both investments have delivered pretty close results over the past 10 years, with VSBIX having a 1.36% annualized return and SCHO not far behind at 1.35%. 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 4.00%, less than SCHO's 4.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 4.00% | 3.31% | 1.14% | 0.65% | 1.74% | 2.28% | 1.82% | 1.11% | 0.87% | 0.74% | 0.49% | 0.37% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.22% | 3.76% | 1.34% | 0.41% | 1.27% | 2.26% | 1.78% | 1.12% | 0.82% | 0.68% | 0.47% | 0.29% |
Drawdowns
VSBIX vs. SCHO - Drawdown Comparison
The maximum VSBIX drawdown since its inception was -5.74%, roughly equal to the maximum SCHO drawdown of -5.69%. 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 0.44%, while Schwab Short-Term U.S. Treasury ETF (SCHO) has a volatility of 0.48%. 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.