Data as of Oct 28, 2026.
SCHO vs SGOV: Differences, Returns & Fees
SCHO's duration was 1.8 years on Jun 30, 2026 and SGOV's 0.1 on Aug 31, 2026; SCHO charges 0.03% to SGOV's 0.09%.
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Net assets: $13.0bn on Jun 30, 2026 for Schwab Short-Term U.S. Treasury ETF, and $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF.
Pair scorecard
SCHO costs 0.06 points a year less; their one-year returns differ by 1.9 points.
| Measure | SCHO | SGOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.8% | +3.7% |
| Benchmark | ||
| What it tracks | Bloomberg US Treasury 1-3 Year Index | ICE 0-3 Month US Treasury Securities Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.09% |
| Net assets, SCHO as of Jun 30, 2026 and SGOV as of Oct 27, 2026 | $13.0bn | $117.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Jun 5, 2020 to Oct 23, 2026 · 333 weekly returnsSGOV returned more: +20.8% to +10.5%. SGOV swung less: 0.3% to 1.7%. SGOV fell less at its worst: 0.0% to −5.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHO | SGOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +10.5% | +20.8% | SGOV | Price change plus distributions, reinvested. |
| Annualized | +1.6% | +3.0% | SGOV | Total return as a yearly rate. |
| Price return | −7.0% | +0.6% | SGOV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.7% | 0.3% | SGOV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.2% | 0.2% | SGOV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.6% | 0.0% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.90 | −0.46 | SGOV | Return above Treasury bills per unit of volatility. |
| Sortino | −1.23 | −0.57 | SGOV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.28 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 333 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHO and SGOV hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
SCHO and SGOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHO and SGOV do different jobs. What does each one do in a portfolio?
- What each follows. SCHO follows Bloomberg US Treasury 1-3 Year Index and SGOV follows ICE 0-3 Month US Treasury Securities Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
- Number of holdings. SCHO holds 96 positions and SGOV holds 22.
Data as of Oct 28, 2026.
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SCHO
SCHO tracks an index. Over the year to Oct 28, 2026 it returned +1.8% with distributions reinvested, against +1.7% for its benchmark, the Bloomberg US Treasury 1-3 Year Index. The prospectus expense ratio is 0.03% a year.
SGOV
SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.
Questions people ask
- Which returned more over the last year, SCHO or SGOV?
- In the year to Oct 28, 2026, with distributions reinvested, SCHO returned +1.8% and SGOV +3.7%.
- Which is cheaper, SCHO or SGOV?
- SCHO is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SCHO against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/scho-vs-sgov
ETFIQ. (Oct 28, 2026). SCHO against SGOV. Retrieved from https://etfiq.com/compare/any/scho-vs-sgov
[SCHO against SGOV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/scho-vs-sgov)
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