SCHOvsGOVTETF Comparison

ETF 1

SCHO

Schwab Short-Term U.S. Treasury ETF

This fund is part of

US Government Bonds

-0.02%

Full SCHO fund page

ETF 2

GOVT

iShares U.S. Treasury Bond ETF

This fund is part of

US Government Bonds

-0.02%

Full GOVT fund page

Schwab Short-Term U.S. Treasury ETF (SCHO) and iShares U.S. Treasury Bond ETF (GOVT) belong to the same industry segment: US Government Bonds. SCHO's top 1 sector exposures are Sovereign. In contrast, GOVT's top sector exposures are Sovereign and Non-Corporate. SCHO is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.05% for GOVT. SCHO is up 1.08% year-to-date (YTD) with +$3.54B in YTD flows. GOVT performs worse with -0.78% YTD performance, and +$10.77B in YTD flows. Run a side-by-side ETF comparison of SCHO and GOVT 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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SCHO vs GOVT 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.	SCHO GOVT	+0.72%+1.76%	+0.44%-0.39%	+1.08%-0.78%	+1.73%-1.17%	+12.85%+12.94%	+10.51%-3.12%
Flows	SCHO GOVT	+$355M+$795M	+$2.97B-$426M	+$3.54B+$10.77B	+$4.45B+$12.15B	+$3.57B+$20.18B	+$7.28B+$31.30B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SCHO GOVT	+1.41%+4.16%	+1.29%+3.66%	+1.56%+4.64%	+1.97%+5.69%
Max drawdown	SCHO GOVT	-0.91%-2.85%	-0.91%-4.44%	-0.96%-4.87%	-5.38%-16.15%
Max drawdown duration	SCHO GOVT	63d62d	63d239d	122d318d	795d1786d

Trading data

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	SCHO	GOVT
Last sale 10/27/2026 at 1:30 PM	$23.94	$22.21
Previous close 10/27/2026	$23.94	$22.22
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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	SCHO	GOVT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	SCHO	GOVT
Last price	$23.94	$22.21
1D performance	+0.00%	-0.05%
AuM	$15.67 B	$42.80 B
E/R	0.03%	0.05%

Characteristics

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

More SCHO data on Trackinsight

More GOVT data on Trackinsight

Exposure

Countries

SCHO

USA

100%

Other

-0%

GOVT

USA

99.58%

Other

0.42%

Sectors

SCHO

Sovereign

100%

Other

-0%

GOVT

Sovereign

98.85%

Other

1.15%

Diversification

SCHO

Total weight of top 15 holdings out of 15

21.2%

GOVT

Total weight of top 15 holdings out of 15

26.71%

Top 15 holdings

Data as of August 31, 2026

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%

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%

Frequently asked questions about SCHO and GOVT

How have the SCHO and GOVT ETFs performed in 2026?

As of October 27, 2026, SCHO is up 1.08% year-to-date (YTD), while GOVT has lost -0.78%. That puts SCHO better performer ahead so far this year.

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

Year-to-date, the SCHO ETF saw +$3.54B in flows, compared to +$10.77B for GOVT.

Which ETF is more volatile: SCHO or GOVT?

Over the past year, SCHO had a volatility of 1.29%, while GOVT experienced 3.66%.

Which ETF is bigger: SCHO or GOVT?

As of October 27, 2026, SCHO holds $15.67 B in assets under management (AUM), while GOVT manages $42.80 B.

What sectors do the SCHO and GOVT ETFs invest in?

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

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

SCHO top holdings include 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). GOVT holds in its top three: 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).

SCHOvsGOVTETF Comparison

Schwab Short-Term U.S. Treasury ETF

iShares U.S. Treasury Bond ETF

SCHO vs GOVT 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 SCHO and GOVT ETFs performed in 2026?

As of October 27, 2026, SCHO is up 1.08% year-to-date (YTD), while GOVT has lost -0.78%. That puts SCHO better performer ahead so far this year.

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

Year-to-date, the SCHO ETF saw +$3.54B in flows, compared to +$10.77B for GOVT.

Which ETF is more volatile: SCHO or GOVT?

Over the past year, SCHO had a volatility of 1.29%, while GOVT experienced 3.66%.

Which ETF is bigger: SCHO or GOVT?

As of October 27, 2026, SCHO holds $15.67 B in assets under management (AUM), while GOVT manages $42.80 B.

What sectors do the SCHO and GOVT ETFs invest in?

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

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

Which ETF is more diversified: SCHO or GOVT?

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

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