SPTBvsSCHOETF Comparison
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State Street SPDR Portfolio Treasury ETF (SPTB) and Schwab Short-Term U.S. Treasury ETF (SCHO) belong to the same industry segment: US Government Bonds. Both ETFs have the same top 1 sector exposures: Sovereign. Both SPTB and SCHO have the same Total Expense Ratio (TER) of 0.03%. SPTB is down -0.59% year-to-date (YTD) with +$337M in YTD flows. SCHO performs better with 0.99% YTD performance, and +$3.00B in YTD flows. Run a side-by-side ETF comparison of SPTB 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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SPTB vs SCHO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPTB SCHO | -0.02%+0.15% | -0.66%+0.47% | -0.59%+0.99% | +1.28%+2.47% | n/a+13.33% | n/a+9.94% |
| Flows | SPTB SCHO | +$193M+$2.36B | +$211M+$2.48B | +$337M+$3.00B | +$395M+$3.66B | -+$2.82B | -+$6.80B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPTB SCHO | +3.61%+1.34% | +3.47%+1.20% | n/a+1.57% | n/a+1.95% |
| Max drawdown | SPTB SCHO | -1.52%-0.30% | -2.90%-0.85% | n/a-0.96% | n/a-5.64% |
| Max drawdown duration | SPTB SCHO | 65d8d | 185d123d | n/a122d | n/a972d |
Trading data
SPTB | SCHO | |
Last sale 9/3/2026 at 1:30 PM | $29.49 | $24.01 |
| Previous close 09/02/2026 | $29.45 | $23.99 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SPTB | 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 9/3/2026 at 1:30 PM
Live
Closed
SPTB | SCHO | |
|---|---|---|
| Last price | $29.49 | $24.01 |
| 1D performance | +0.14% | +0.08% |
| AuM | $477.07 M | $15.16 B |
| E/R | 0.03% | 0.03% |
Characteristics
SPTB | SCHO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Schwab ETFs |
| Benchmark | Bloomberg US Treasury Index | Bloomberg US Treasury 1-3 Year Index |
| N° of holdings | 285 | 96 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2024 | August 5, 2010 |
| ESG | No | No |
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Exposure
Countries
SPTB
USA
98.65%
Other
1.35%
SCHO
USA
100%
Other
-0%
Sectors
SPTB
Sovereign
98.65%
Other
1.35%
SCHO
Sovereign
100%
Other
-0%
Diversification
SPTB
Total weight of top 15 holdings out of 15
11.21%
SCHO
Total weight of top 15 holdings out of 15
21.21%
Top 15 holdings
Data as of July 31, 2026
SPTB
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.85%
USA, Notes 4% 15feb2034, USD (B-2034)
0.80%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.79%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.79%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.77%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.76%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.75%
USA, Notes 3.5% 15feb2033, USD (B-2033)
0.75%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.74%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.72%
USA, Notes 3.875% 15aug2033, USD (E-2033)
0.72%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.71%
USA, Notes 4% 15nov2035, USD (F-2035)
0.70%
USA, Notes 4% 28feb2030, USD (H-2030)
0.68%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.68%
SCHO
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.20%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.42%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.37%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.37%
USA, Notes 3.875% 31jul2027, USD (BE-2027)
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 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%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
1.32%
Frequently asked questions about SPTB and SCHO
How have the SPTB and SCHO ETFs performed in 2026?
As of September 2, 2026, SPTB is down -0.59% year-to-date (YTD), while SCHO has returned 0.99%. That puts SCHO better performer ahead so far this year.
Which ETF is attracting more investor money: SPTB or SCHO?
Year-to-date, the SPTB ETF saw +$337M in flows, compared to +$3.00B for SCHO.
Which ETF is more volatile: SPTB or SCHO?
Over the past year, SPTB had a volatility of 3.47%, while SCHO experienced 1.2%.
Which ETF is bigger: SPTB or SCHO?
As of September 2, 2026, SPTB holds $477.07 M in assets under management (AUM), while SCHO manages $15.16 B.
What sectors do the SPTB and SCHO ETFs invest in?
SPTB leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.
What are the top holdings of the SPTB ETF and SCHO ETF?
SPTB top holdings include USA, Notes 4.625% 15feb2035, USD (B-2035), USA, Notes 4% 15feb2034, USD (B-2034) and USA, Notes 4.125% 15feb2036, USD (B-2036). 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: SPTB or SCHO?
SPTB holds 285 securities with 11.21% of its assets in the top 15. SCHO has 96 securities and a top 15 weight of 21.21%.
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Latest news about SPTB & 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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