SCHO vs SPY
Comparison between SCHWAB SHORT-TERM U.S. TREASURY ETF (SCHO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed SCHO, delivering a return of +13.2% compared to +3.6%
SCHO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SCHO
$13B
Winner
SPY
$784B
Expense Ratio
Winner
SCHO
0.03%
SPY
0.09%
Max Drawdown
Winner
SCHO
7.87%
SPY
56.47%
Sharpe Ratio
SCHO
-0.49
Winner
SPY
1.54
5Y Beta
Winner
SCHO
-0.01
SPY
1.00
P/E Ratio
SCHO
N/A
SPY
27.62
Forward P/E
SCHO
N/A
SPY
21.11
5Y Dividends CAGR
Winner
SCHO
34.39%
SPY
6.00%
5Y EPS CAGR
SCHO
N/A
SPY
25.30%
Debt to Equity
SCHO
N/A
SPY
31.11%
P/S Ratio
SCHO
N/A
SPY
3.49
P/B Ratio
SCHO
N/A
SPY
5.30
SCHO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SCHO
+0.14%
SPY
-1.37%
3M
SCHO
+0.31%
Winner
SPY
+12.22%
6M
SCHO
+0.62%
Winner
SPY
+7.20%
1Y
SCHO
+3.00%
Winner
SPY
+23.58%
5Y(CAGR)
SCHO
+3.58%
Winner
SPY
+13.19%
10Y(CAGR)
SCHO
+3.29%
Winner
SPY
+15.12%
Max(CAGR)
SCHO
+2.49%
Winner
SPY
+8.44%
SCHO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SCHO | SPY |
|---|---|---|
| 2026 | +0.46% | +7.95% |
| 2025 | +5.14% | +18.00% |
| 2024 | +7.16% | +25.59% |
| 2023 | +8.20% | +26.72% |
| 2022 | -2.48% | -18.64% |
| 2021 | -0.25% | +30.52% |
| 2020 | +4.43% | +17.28% |
| 2019 | +5.86% | +31.09% |
| 2018 | +2.99% | -5.24% |
| 2017 | +1.47% | +20.78% |
| 2016 | +1.50% | +13.59% |
| 2015 | +1.11% | +1.31% |
| 2014 | +1.08% | +14.56% |
| 2013 | +0.64% | +29.00% |
| 2012 | +0.60% | +14.17% |
| 2011 | +1.85% | +0.85% |
| 2010 | +0.28% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SCHO vs SPY Drawdown Comparison
The maximum drawdown for SCHO was -4.87%, occurring on Oct 20, 2022. Recovery took 440 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SCHO drawdown is -0.27%. The current SPY drawdown is -3.18%.
| Rank | SCHO | SPY |
|---|---|---|
| #1 | -4.87% Aug 3, 2021 - May 3, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -1.23% May 4, 2023 - Aug 4, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -0.93% Oct 1, 2024 - Jan 16, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -0.86% Feb 27, 2026 - Mar 26, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -0.76% Feb 1, 2024 - Mar 1, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -0.71% Nov 4, 2016 - Feb 24, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -0.70% Nov 1, 2010 - Mar 16, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.69% Sep 4, 2019 - Oct 1, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.64% Apr 30, 2025 - Jun 20, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.55% Oct 14, 2015 - Jan 20, 2016 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.53% Sep 7, 2017 - Apr 2, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.52% Apr 4, 2024 - May 1, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.46% Mar 17, 2011 - Apr 27, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.45% Apr 4, 2025 - Apr 21, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.43% Oct 15, 2014 - Jan 12, 2015 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SCHO and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
SCHO vs SPY dividend yield comparison.
| Year | SCHO | SPY |
|---|---|---|
| 2026 | 1.58% | 0.50% |
| 2025 | 4.06% | 1.07% |
| 2024 | 7.52% | 1.21% |
| 2023 | 7.52% | 1.40% |
| 2022 | 2.67% | 1.65% |
| 2021 | 0.83% | 1.20% |
| 2020 | 2.55% | 1.52% |
| 2019 | 4.53% | 1.75% |
| 2018 | 3.20% | 2.04% |
| 2017 | 2.23% | 1.80% |
| 2016 | 1.63% | 2.03% |
| 2015 | 1.36% | 2.06% |
| 2014 | 0.94% | 1.87% |
| 2013 | 0.58% | 1.81% |
| 2012 | 0.58% | 2.18% |
| 2011 | 0.81% | 2.05% |
| 2010 | 0.26% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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