Compare/Updated Oct 26, 2026, refreshed every trading day
SCHO vs SGOV
Schwab Short-Term U.S. Treasury ETF against iShares 0-3 Month Treasury Bond ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SGOV did better over the period: $1,000 invested on Oct 28, 2022 grew to $1,193, versus $1,161 for SCHO, a 19.3% versus 16.1% total return. SGOV also led over three years (+13.9% versus +13.5%), YTD (+2.7% versus +1.1%), and one year (+3.5% versus +1.7%). The advantage matters because SGOV delivered higher returns with substantially lower risk: 12-month volatility was 0.3% versus 1.4%, and its worst drawdown was only -0.3% versus SCHO’s -1.6%. SCHO has the lower expense ratio, 0.03% versus 0.09%, but its longer-duration exposure produced greater volatility and did not compensate investors with higher returns. SGOV won 27 of the last 48 months, compared with 21 for SCHO.
- Price is above its 200-day average ($24); 50-day at $24.
- RSI 67, neutral. Supertrend says buy. ADX 21, so the trend is developing.
- Price is above its 200-day average ($99); 50-day at $100.
- RSI 72, overbought. Supertrend says buy. ADX 44, so the trend is strong.
Head to head
Which has returned more, SCHO or SGOV?
SCHO beat SGOV in 21 of the last 48 months; SGOV won the other 27. The typical monthly gap was 0.33 points.
Total return by period
Which is riskier?
SCHO: May 4, 2023 to Jul 6, 2023; SGOV: Sep 29, 2026 to Oct 1, 2026
- 0.063
- correlation of daily moves, 4 years
- 0.46
- SCHO move per 1% in SGOV
- -0.160
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.33 points.
When did they diverge?
| Month | SCHO | SGOV | Gap |
|---|---|---|---|
| March 2023 | +1.6% | +0.4% | +1.20 pts |
| February 2023 | -0.7% | +0.4% | -1.08 pts |
| October 2024 | -0.6% | +0.4% | -1.03 pts |
| June 2023 | -0.5% | +0.5% | -0.99 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SCHO and SGOV?
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