SCHO — Schwab Short-Term U.S. Treasury ETF

SCHO Price Performance — Growth of $10,000

Value of a $10,000 investment in SCHO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SCHO Drawdown

The "underwater" chart: SCHO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Schwab Short-Term U.S. Treasury ETF, issued by Schwab ETFs, manages $15.0 billion in assets within the US Bonds - Government category. It holds a C grade with a score of 55.7/100, ranking 6th out of 22 peers and 299th among all tracked ETFs. The fund’s 0.03% expense ratio sits below the category median of 0.07%, while its 3.87% dividend yield slightly exceeds the median of 3.84%. Top holdings comprise only 14.4% of assets, with the largest position being United States Treasury at 2.2%.

Price action shows the fund trading at $24.01, which is near the bottom of its 52-week range at just 6.3% of the distance between its high and low. Short-term returns have been modest, with a 1-month gain of 0.05% and a 3-month increase of 0.67%. Over longer horizons, the 1-year return of 2.18% contrasts sharply with the category median of -0.09%, and the 3-year return stands at 13.32%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits Very Low volatility at 1.28% annualized and a beta of 0.22, indicating minimal movement relative to the broader market. Despite this stability, the Sharpe ratio is negative at -2.21, and the maximum drawdown has been limited to -0.98%. Liquidity is robust, with an average daily volume of 4,720,235 shares and a tight bid/ask spread of 0.04%. These metrics collectively describe a record of low fluctuation and constrained downside risk.

AI-generated summary based on the data on this page.

SCHO Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 14.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SCHO's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SCHO

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SCHO's top 10 — AGG overlaps most, holding 1 of the same companies as SCHO's top 10 (14.4% of SCHO's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.78% (as of 2026-09-04) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.30 (as of 2026-09-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SCHO Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.04% and average daily volume is 4.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $15.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SCHO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SCHO Performance History

How SCHO Compares to Other US Bonds - Government ETFs