Data as of Oct 28, 2026.
SCHO vs VGSH: Differences, Returns & Fees
SCHO's duration was 1.8 years on Jun 30, 2026 and VGSH's 1.8 on May 31, 2026; 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 $35.1bn on Sep 30, 2026 for Vanguard 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 | VGSH |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.8% | +1.7% |
| Benchmark | ||
| What it tracks | Bloomberg US Treasury 1-3 Year Index | Bloomberg U.S. Treasury 1-3 Year Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, SCHO as of Jun 30, 2026 and VGSH as of Sep 30, 2026 | $13.0bn | $35.1bn |
| Holdings | ||
| Holdings in common | 90% | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Aug 13, 2010 to Oct 23, 2026 · 845 weekly returnsEach against its own benchmark: SCHO against VGSH, Aug 13, 2010 to Oct 23, 2026; VGSH against SCHO, Aug 13, 2010 to Oct 23, 2026.
SCHO and VGSH returned about the same: +24.3% and +24.7%. SCHO and VGSH swung about the same: 1.3% and 1.3%. SCHO and VGSH fell about the same at their worst: −5.6% and −5.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHO | VGSH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.3% | +24.7% | Tie | Price change plus distributions, reinvested. |
| Annualized | +1.3% | +1.4% | Tie | Total return as a yearly rate. |
| Price return | −4.2% | −4.7% | SCHO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.3% | 1.3% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.9% | 0.9% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.6% | −5.5% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 94.7% | 97.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 93.4% | 96.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 0.98 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 0.94 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.19 | −0.17 | VGSH | Return above Treasury bills per unit of volatility. |
| Sortino | −0.28 | −0.25 | VGSH | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.003 | −0.002 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.24 | 0.25 | VGSH (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VGSH | SCHO | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.40 | 0.22 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.2% to +0.1% | −0.1% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.07 | 0.07 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.3% | 0.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 845 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHO and VGSH hold 90% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
90% in common
Only in one fund ↓
Side by side
SCHO and VGSH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHO and VGSH are built for the same job. How do they differ in cost, holdings and results?
- What each follows (similar). Both follow Bloomberg US Treasury 1-3 Year Index.
- Holdings in common (similar). 90% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 31, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 SCHO returned +1.8% and VGSH +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.
VGSH
VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year 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 VGSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/scho-vs-vgsh
ETFIQ. (Oct 28, 2026). SCHO against VGSH. Retrieved from https://etfiq.com/compare/any/scho-vs-vgsh
[SCHO against VGSH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/scho-vs-vgsh)
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