Data as of Oct 28, 2026.
SCHO vs SPTS: Differences, Returns & Fees
On Jun 30, 2026 SCHO's duration was 1.8 years and SPTS's 1.9; both charge 0.03%.
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Net assets: $13.0bn on Jun 30, 2026 for Schwab Short-Term U.S. Treasury ETF, and $7.3bn on Oct 27, 2026 for State Street SPDR Portfolio Short Term Treasury ETF.
Pair scorecard
Both cost 0.03% a year; their one-year returns differ by 0.1 points.
Points (pts) are percentage points.
| Measure | SCHO | SPTS |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.8% | +1.7% |
| Benchmark | ||
| What it tracks | Bloomberg US Treasury 1-3 Year Index | Bloomberg 1-3 Year U.S. Treasury Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, SCHO as of Jun 30, 2026 and SPTS as of Oct 27, 2026 | $13.0bn | $7.3bn |
| Holdings | ||
| Holdings in common | 91% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Dec 9, 2011 to Oct 23, 2026 · 776 weekly returnsEach against its own benchmark: SCHO against VGSH, Aug 13, 2010 to Oct 23, 2026; SPTS against AGG, Dec 9, 2011 to Oct 23, 2026.
SPTS returned slightly more: +23.9% to +22.4%. SCHO swung less: 1.3% to 2.6%. SCHO fell slightly less at its worst: −5.6% to −5.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHO | SPTS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +22.4% | +23.9% | SPTS (slight) | Price change plus distributions, reinvested. |
| Annualized | +1.4% | +1.4% | SPTS (slight) | Total return as a yearly rate. |
| Price return | −5.1% | −4.1% | SPTS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.3% | 2.6% | SCHO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.9% | 1.8% | SCHO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.6% | −5.8% | SCHO (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 94.7% | 29.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 93.4% | 27.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 0.24 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 0.19 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.28 | −0.09 | SPTS | Return above Treasury bills per unit of volatility. |
| Sortino | −0.41 | −0.14 | SPTS | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.003 | −0.010 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.25 | 0.25 | Tie | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VGSH | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.40 | −0.49 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.2% to +0.1% | −1.5% to +0.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.07 | −0.11 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.3% | 4.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 776 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHO and SPTS hold 91% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
91% in common
Only in one fund ↓
Side by side
SCHO and SPTS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHO and SPTS are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SCHO follows Bloomberg US Treasury 1-3 Year Index and SPTS follows Bloomberg 1-3 Year U.S. Treasury Index.
- Holdings in common (similar). 91% of the weight is in the same securities (holdings dated Jun 30, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 SCHO returned +1.8% and SPTS +1.7% with distributions reinvested, a gap of 0.1 points.
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.
SPTS
SPTS tracks an index. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index.
Questions people ask
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 SPTS, data as of Oct 28, 2026. https://etfiq.com/compare/any/scho-vs-spts
ETFIQ. (Oct 28, 2026). SCHO against SPTS. Retrieved from https://etfiq.com/compare/any/scho-vs-spts
[SCHO against SPTS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/scho-vs-spts)
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