GOVTvsSCHOETF Comparison

ETF 1

GOVT

iShares U.S. Treasury Bond ETF

This fund is part of

US Government Bonds

-0.02%

Full GOVT fund page

ETF 2

SCHO

Schwab Short-Term U.S. Treasury ETF

This fund is part of

US Government Bonds

-0.02%

Full SCHO fund page

iShares U.S. Treasury Bond ETF (GOVT) and Schwab Short-Term U.S. Treasury ETF (SCHO) belong to the same industry segment: US Government Bonds. GOVT's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, SCHO's top sector exposures are Sovereign. GOVT is more expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.03% for SCHO. GOVT is down -0.81% year-to-date (YTD) with +$10.81B in YTD flows. SCHO performs better with 1.08% YTD performance, and +$3.54B in YTD flows. Run a side-by-side ETF comparison of GOVT and SCHO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GOVT vs SCHO performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GOVT SCHO	+1.73%+0.72%	-0.42%+0.44%	-0.81%+1.08%	-1.19%+1.73%	+12.82%+12.85%	-3.55%+10.51%
Flows	GOVT SCHO	+$831M+$355M	-$390M+$2.97B	+$10.81B+$3.54B	+$12.19B+$4.45B	+$20.26B+$3.57B	+$31.34B+$7.28B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GOVT SCHO	+4.13%+1.41%	+3.65%+1.29%	+4.64%+1.56%	+5.68%+1.97%
Max drawdown	GOVT SCHO	-2.85%-0.91%	-4.44%-0.91%	-4.87%-0.96%	-16.15%-5.38%
Max drawdown duration	GOVT SCHO	63d63d	240d63d	318d122d	1787d795d

Trading data

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	GOVT	SCHO
Last sale 10/28/2026 at 1:30 PM	$22.15	$23.95
Previous close 10/27/2026	$22.21	$23.94
Consolidated volume 10/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	GOVT	SCHO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/28/2026 at 1:30 PM

Live

Closed

	GOVT	SCHO
Last price	$22.15	$23.95
1D performance	-0.27%	+0.04%
AuM	$42.83 B	$15.67 B
E/R	0.05%	0.03%

Characteristics

	GOVT	SCHO
Management strategy	Passive	Passive
Provider	iShares	Schwab ETFs
Benchmark	ICE US Treasury Core Bond Index	Bloomberg US Treasury 1-3 Year Index
N° of holdings	218	96
Asset class	Bonds	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	February 14, 2012	August 5, 2010
ESG	No	No

More GOVT data on Trackinsight

More SCHO data on Trackinsight

Exposure

Countries

GOVT

USA

99.58%

Other

0.42%

SCHO

USA

100%

Other

-0%

Sectors

GOVT

Sovereign

98.85%

Other

1.15%

SCHO

Sovereign

100%

Other

-0%

Diversification

GOVT

Total weight of top 15 holdings out of 15

26.71%

SCHO

Total weight of top 15 holdings out of 15

21.2%

Top 15 holdings

Data as of August 31, 2026

GOVT

USA, Notes 1.375% 15nov2031, USD (F-2031)

5.28%

USA, Notes 2.625% 15feb2029, USD (B-2029)

2.96%

USA, Notes 3.125% 15nov2028, USD (F-2028)

2.10%

USA, Notes 2.75% 15feb2028, USD (B-2028)

1.93%

USA, Notes 2.875% 15may2028, USD (C-2028)

1.63%

USA, Bonds 2.5% 15may2046, USD

1.51%

USA, Bonds 2.75% 15nov2042, USD

1.49%

USA, Bonds 6.125% 15nov2027, USD

1.40%

USA, Bonds 3.75% 15nov2043, USD

1.39%

USA, Notes 2.25% 15nov2027, USD (F-2027)

1.37%

USA, Bonds 1.875% 15feb2051, USD

1.34%

USA, Notes 4% 31may2028, USD (BC-2028)

1.21%

USA, Notes 2.375% 15may2029, USD (C-2029)

1.08%

USA, Notes 4% 31may2030, USD (Z-2030)

1.02%

USA, Notes 3.875% 31mar2028, USD (AZ-2028)

0.99%

SCHO

USA, Notes 3.5% 31jan2028, USD (U-2028)

2.20%

USA, Notes 4.625% 30apr2029, USD (Y-2029)

1.38%

USA, Notes 4.5% 31may2029, USD (Z-2029)

1.37%

USA, Notes 4.25% 31jul2028, USD (BE-2028)

1.37%

USA, Notes 4.25% 30jun2029, USD (AA-2029)

1.36%

USA, Notes 4.125% 30jun2028, USD (BD-2028)

1.36%

USA, Notes 4% 31may2028, USD (BC-2028)

1.36%

USA, Notes 3.875% 31mar2028, USD (AZ-2028)

1.36%

USA, Notes 3.5% 30sep2027, USD (BH-2027)

1.36%

USA, Notes 4% 31jul2029, USD (AB-2029)

1.36%

USA, Notes 3.75% 30apr2028, USD (BA-2028)

1.36%

USA, Notes 3.375% 30nov2027, USD (BL-2027)

1.35%

USA, Notes 3.375% 31dec2027, USD (BM-2027)

1.35%

USA, Notes 3.375% 29feb2028, USD (AY-2028)

1.35%

USA, Notes 4.125% 31mar2029, USD (W-2029)

1.32%

Frequently asked questions about GOVT and SCHO

How have the GOVT and SCHO ETFs performed in 2026?

As of October 27, 2026, GOVT is down -0.81% year-to-date (YTD), while SCHO has returned 1.08%. That puts SCHO better performer ahead so far this year.

Which ETF is attracting more investor money: GOVT or SCHO?

Year-to-date, the GOVT ETF saw +$10.81B in flows, compared to +$3.54B for SCHO.

Which ETF is more volatile: GOVT or SCHO?

Over the past year, GOVT had a volatility of 3.65%, while SCHO experienced 1.29%.

Which ETF is bigger: GOVT or SCHO?

As of October 27, 2026, GOVT holds $42.83 B in assets under management (AUM), while SCHO manages $15.67 B.

What sectors do the GOVT and SCHO ETFs invest in?

GOVT leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.

What are the top holdings of the GOVT ETF and SCHO ETF?

GOVT top holdings include USA, Notes 1.375% 15nov2031, USD (F-2031), USA, Notes 2.625% 15feb2029, USD (B-2029) and USA, Notes 3.125% 15nov2028, USD (F-2028). SCHO holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 4.5% 31may2029, USD (Z-2029).

GOVTvsSCHOETF Comparison

iShares U.S. Treasury Bond ETF

Schwab Short-Term U.S. Treasury ETF

GOVT vs SCHO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GOVT and SCHO ETFs performed in 2026?

As of October 27, 2026, GOVT is down -0.81% year-to-date (YTD), while SCHO has returned 1.08%. That puts SCHO better performer ahead so far this year.

Which ETF is attracting more investor money: GOVT or SCHO?

Year-to-date, the GOVT ETF saw +$10.81B in flows, compared to +$3.54B for SCHO.

Which ETF is more volatile: GOVT or SCHO?

Over the past year, GOVT had a volatility of 3.65%, while SCHO experienced 1.29%.

Which ETF is bigger: GOVT or SCHO?

As of October 27, 2026, GOVT holds $42.83 B in assets under management (AUM), while SCHO manages $15.67 B.

What sectors do the GOVT and SCHO ETFs invest in?

GOVT leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.

What are the top holdings of the GOVT ETF and SCHO ETF?

Which ETF is more diversified: GOVT or SCHO?

GOVT holds 219 securities with 26.71% of its assets in the top 15. SCHO has 96 securities and a top 15 weight of 21.2%.

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