IBTMvsSCHOETF Comparison
VS
iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and Schwab Short-Term U.S. Treasury ETF (SCHO) belong to the same industry segment: US Government Bonds. IBTM's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, SCHO's top sector exposures are Sovereign. IBTM is more expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.03% for SCHO. IBTM is down -2.12% year-to-date (YTD) with +$126M in YTD flows. SCHO performs better with 0.98% YTD performance, and +$3.55B in YTD flows. Run a side-by-side ETF comparison of IBTM 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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IBTM vs SCHO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBTM SCHO | +0.26%+0.45% | -1.83%+0.16% | -2.12%+0.98% | -2.38%+1.58% | +13.29%+13.06% | n/a+10.32% |
| Flows | IBTM SCHO | +$38M+$351M | +$57M+$3.05B | +$126M+$3.55B | +$163M+$4.51B | +$481M+$3.36B | -+$7.24B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBTM SCHO | +3.96%+1.32% | +3.87%+1.26% | +5.75%+1.57% | n/a+1.96% |
| Max drawdown | IBTM SCHO | -3.19%-0.91% | -5.09%-0.91% | -6.35%-0.96% | n/a-5.38% |
| Max drawdown duration | IBTM SCHO | 52d52d | 229d52d | 318d122d | n/a795d |
Trading data
IBTM | SCHO | |
Last sale 10/19/2026 at 1:30 PM | $21.87 | $23.90 |
| Previous close 10/16/2026 | $21.93 | $23.92 |
| Consolidated volume 10/16/2026 | ||
| 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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IBTM | SCHO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
IBTM | SCHO | |
|---|---|---|
| Last price | $21.87 | $23.90 |
| 1D performance | -0.27% | -0.08% |
| AuM | $593.03 M | $15.66 B |
| E/R | 0.07% | 0.03% |
Characteristics
IBTM | SCHO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Schwab ETFs |
| Benchmark | ICE 2032 Maturity US Treasury Index | Bloomberg US Treasury 1-3 Year Index |
| N° of holdings | 16 | 96 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 6, 2022 | August 5, 2010 |
| ESG | No | No |
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Exposure
Countries
IBTM
USA
99.79%
Other
0.21%
SCHO
USA
100%
Sectors
IBTM
Sovereign
99.49%
Other
0.51%
SCHO
Sovereign
100%
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Diversification
IBTM
Total weight of top 15 holdings out of 15
99.49%
SCHO
Total weight of top 15 holdings out of 15
21.2%
Top 15 holdings
Data as of August 31, 2026
IBTM
USA, Notes 4.125% 15nov2032, USD (F-2032)
11.56%
USA, Notes 2.875% 15may2032, USD (C-2032)
11.06%
USA, Notes 1.875% 15feb2032, USD (B-2032)
10.74%
USA, Notes 2.75% 15aug2032, USD (E-2032)
10.41%
USA, Notes 4.125% 31mar2032, USD (J-2032)
5.15%
USA, Notes 4.375% 31jan2032, USD (G-2032)
5.14%
USA, Notes 4.125% 31may2032, USD (L-2032)
5.10%
USA, Notes 4% 30apr2032, USD (K-2032)
5.10%
USA, Notes 3.75% 30nov2032, USD (S-2032)
5.07%
USA, Notes 4.125% 29feb2032, USD (H-2032)
5.06%
USA, Notes 3.875% 30sep2032, USD (Q-2032)
5.05%
USA, Notes 4% 30jun2032, USD (M-2032)
5.05%
USA, Notes 4% 31jul2032, USD (N-2032)
5.02%
USA, Notes 3.75% 31oct2032, USD (R-2032)
5.00%
USA, Notes 3.875% 31aug2032, USD (P-2032)
4.97%
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 IBTM and SCHO
How have the IBTM and SCHO ETFs performed in 2026?
As of October 16, 2026, IBTM is down -2.12% year-to-date (YTD), while SCHO has returned 0.98%. That puts SCHO better performer ahead so far this year.
Which ETF is attracting more investor money: IBTM or SCHO?
Year-to-date, the IBTM ETF saw +$126M in flows, compared to +$3.55B for SCHO.
Which ETF is more volatile: IBTM or SCHO?
Over the past year, IBTM had a volatility of 3.87%, while SCHO experienced 1.26%.
Which ETF is bigger: IBTM or SCHO?
As of October 16, 2026, IBTM holds $593.03 M in assets under management (AUM), while SCHO manages $15.66 B.
What sectors do the IBTM and SCHO ETFs invest in?
IBTM leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.
What are the top holdings of the IBTM ETF and SCHO ETF?
IBTM top holdings include USA, Notes 4.125% 15nov2032, USD (F-2032), USA, Notes 2.875% 15may2032, USD (C-2032) and USA, Notes 1.875% 15feb2032, USD (B-2032). 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).
Which ETF is more diversified: IBTM or SCHO?
IBTM holds 16 securities with 99.49% of its assets in the top 15. SCHO has 96 securities and a top 15 weight of 21.2%.
Latest news about IBTM & SCHO
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
SCHO
U.S. Treasuries: An Opportunity for the Risk Conscious Investor
March 3, 2023
SCHO
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