VTSPX vs. SCHO
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
VTSPX is managed by Vanguard. It was launched on Oct 17, 2012. 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: VTSPX or SCHO.
Performance
VTSPX vs. SCHO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VTSPX having a 4.64% return and SCHO slightly lower at 4.54%. Over the past 10 years, VTSPX has outperformed SCHO with an annualized return of 2.38%, while SCHO has yielded a comparatively lower 2.06% annualized return.
VTSPX
4.64%
-0.08%
3.03%
6.09%
3.44%
2.38%
SCHO
4.54%
-0.24%
3.23%
6.97%
2.23%
2.06%
Key characteristics
| VTSPX | SCHO | |
|---|---|---|
| Sharpe Ratio | 3.12 | 3.39 |
| Sortino Ratio | 5.16 | 5.95 |
| Omega Ratio | 1.69 | 1.81 |
| Calmar Ratio | 4.90 | 7.09 |
| Martin Ratio | 22.60 | 20.32 |
| Ulcer Index | 0.28% | 0.34% |
| Daily Std Dev | 2.00% | 2.05% |
| Max Drawdown | -5.35% | -5.28% |
| Current Drawdown | -0.43% | -0.77% |
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VTSPX vs. SCHO - Expense Ratio Comparison
VTSPX 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%.
Correlation
The correlation between VTSPX and SCHO is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
VTSPX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) 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
VTSPX vs. SCHO - Dividend Comparison
VTSPX's dividend yield for the trailing twelve months is around 2.90%, less than SCHO's 6.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 2.90% | 2.86% | 6.84% | 4.69% | 1.21% | 1.96% | 2.47% | 1.52% | 0.80% | 0.00% | 0.85% | 0.06% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.08% | 5.68% | 1.74% | 0.61% | 2.00% | 3.03% | 2.82% | 1.84% | 1.17% | 1.06% | 0.70% | 0.40% |
Drawdowns
VTSPX vs. SCHO - Drawdown Comparison
The maximum VTSPX drawdown since its inception was -5.35%, roughly equal to the maximum SCHO drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for VTSPX and SCHO. For additional features, visit the drawdowns tool.
Volatility
VTSPX vs. SCHO - Volatility Comparison
Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) has a higher volatility of 0.49% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.38%. This indicates that VTSPX'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.