Schwab Short-Term U.S. Treasury ETF (SCHO) Performance
SCHO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.1% since Dec 31, 2025
- 1 year
- +1.9% total return
- 5 years
- +2.0% a year
- 10 years
- +1.8% a year
- Since first price
- +1.4% a year since 2010
SCHO trailing returns vs AGG, TLT, SPY
| Period | SCHO total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.6% | −0.3% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.7% | −1.2% | −1.5% | −3.8% | +7.8% |
| YTD | +1.1% | −1.7% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.9% | −1.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +13.1%+4.2%/yr | +0.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +10.6%+2.0%/yr | −6.1% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +19.3%+1.8%/yr | −5.5% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +22.8%+1.4%/yr | −5.1% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionAug 6, 2010 | +24.4%+1.4%/yr | −4.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SCHO vs AGG
From Aug 6, 2010: SCHO grew to $12,443, AGG to $13,995.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SCHO returns by calendar year
13 of 15 full years positive. Best 2025 (+5.5%), worst 2022 (−3.9%). 2026 is year to date.
SCHO annual returns table
| Year | SCHO | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.1% | −0.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.5% | −0.6% | +7.2% | +4.3% | +17.7% |
| 2024 | +3.7% | −1.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.3% | −1.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −3.9% | −4.9% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.6% | −0.8% | −1.8% | −4.6% | +28.7% |
| 2020 | +3.1% | −0.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +3.5% | −0.7% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.6% | −0.5% | +0.1% | −1.6% | −4.6% |
| 2017 | +0.3% | −0.7% | +3.6% | +9.2% | +21.7% |
| 2016 | +0.8% | −0.9% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.4% | −0.7% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.5% | −0.5% | +6.0% | +27.3% | +13.5% |
| 2013 | +0.4% | −0.4% | −2.0% | −13.4% | +32.3% |
| 2012 | +0.2% | −0.4% | +3.8% | +2.6% | +16.0% |
| 2011 | +1.5% | −0.5% | +7.7% | +34.0% | +1.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SCHO largest drawdowns
Now 0.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 3, 2021 | −5.7% | Oct 20, 2022 | May 15, 2024 | 1.2 years | 2.8 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SCHO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +4.0% | +1.8% | +1.7% | +1.3% |
| Volatility (annualized) | 1.7% | 2.1% | 1.7% | 1.4% |
| Sharpe ratio | -0.24 | -0.92 | -0.37 | -0.06 |
| Sortino ratio | -0.31 | -1.04 | -0.46 | -0.08 |
| Best month | +1.2% | +1.7% | +1.7% | +1.7% |
| Worst month | −0.6% | −1.4% | −1.4% | −1.4% |
| Best 12 months | +6.8% | +6.8% | +6.8% | +6.8% |
| Worst 12 months | +1.5% | −5.1% | −5.1% | −5.1% |
| Positive months | 78% | 62% | 63% | 60% |
| Beta vs S&P 500 | 0.04 | 0.05 | 0.01 | — |
| Correlation with S&P 500 | 0.28 | 0.40 | 0.10 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SCHO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 183 | −5.1% | +0.8% | +6.8% | 84% |
| 3-year (a year) | 159 | −1.1% | +0.7% | +4.7% | 87% |
| 5-year (a year) | 135 | +0.4% | +1.0% | +2.0% | 100% |
| 10-year (a year) | 75 | +0.5% | +1.1% | +1.8% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
SCHO performance overview
Schwab Short-Term U.S. Treasury ETF (SCHO) returned +1.9% over the past year and +1.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +1.4% a year, turning $10,000 into about $12,443. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.7%, from Aug 3, 2021 to Oct 20, 2022, and it took 1.6 years to get back to the old high. SCHO finished 13 of its 15 full calendar years with a gain; the best year was 2025 (+5.5%) and the worst 2022 (−3.9%). Volatility has been 1.4% a year.
Related: SCHO chart, SCHO dividends, SCHO bond profile. See the SCHO overview for the latest quote and fund facts.
SCHO performance FAQ
What is the SCHO return over the past year?
SCHO returned +1.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.9%.
What is the average annual return of SCHO?
SCHO has returned +2.0% a year over 5 years, +1.8% a year over 10 years, +1.4% a year since August 6, 2010 (total return, distributions reinvested).
How much would $10,000 invested in SCHO be worth?
$10,000 invested in SCHO at its first recorded close on August 6, 2010 would be worth about $12,443 on October 23, 2026 with distributions reinvested.
What was the worst year for SCHO?
The worst calendar year was 2022, with a total return of −3.9%. The best was 2025 at +5.5%.
What is the biggest drawdown of SCHO?
The largest peak-to-trough decline was −5.7% between August 3, 2021 and October 20, 2022. It recovered to the old high on May 15, 2024, 1.6 years after the bottom.
How volatile is SCHO?
Over the past 3 years SCHO had an annualized volatility of 1.7% and a Sharpe ratio of -0.24 (excess return over 1–3 month T-bills per unit of risk).