SCHO
Schwab Short-Term US Treasury ETF
Schwab Short-Term U.S. Treasury ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track investment results of the Barclays U.S. 1-3 Year Treasury Bond Index.
Government
FIXED INCOME
Passive
MANAGEMENT STYLE
10.9 B
ASSETS UNDER MGMT
3 bp
EXPENSES
Fund Basics
| Fund sponsor | Charles Schwab Investment Mana |
| Category | Government |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Aug 05, 2010 |
| Assets (mns) | $10,946 |
| Expense ratio | 3 bp |
Constituent Breakdown
| No. of constituents | 94 |
| No. of distinct issuers | 3 |
| Coverage | 101% |
| Fixed/floating rate | 100% / 0% |
| Investment grade | 100% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 1% |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | |
| Weighting | Market Cap |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| U.S. TREASURY NOTES 1.5% | 1.7 % |
| U.S. TREASURY NOTES 4.875% | 1.6 % |
| U.S. TREASURY NOTES 4.875% | 1.6 % |
| U.S. TREASURY NOTES 4.625% | 1.6 % |
| U.S. TREASURY NOTES 4.25% | 1.6 % |
| U.S. TREASURY NOTES 4.25% | 1.6 % |
| U.S. TREASURY NOTES 4.125% | 1.6 % |
| U.S. TREASURY NOTES 4.125% | 1.6 % |
| U.S. TREASURY NOTES 4.125% | 1.6 % |
| U.S. TREASURY NOTES 3.875% | 1.6 % |
Issuer Type Breakdown
Top Issuers
| U.S. TREASURY | 100.0 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.2% | 0.9% | 0.6% | -1.1% | -1.0% | -0.4% | -- | -0.2% |
| Dividend Yield | 0.7% | 4.8% | 4.4% | 3.4% | 2.3% | 1.8% | -- | 1.4% |
| Total Returns | 1.9% | 5.7% | 5.0% | 2.3% | 1.3% | 1.4% | -- | 1.2% | Ann. Volatility | 1.7% | 1.7% | 2.2% | 2.3% | 1.9% | 1.5% | -- | 1.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.07 | 29% |
| MSCI EAFE | 0.08 | 37% |
| MSCI Emg Mkts | 0.07 | 29% |
Liquidity Measures
| Avg. volume (000) | 4,162 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $24.36 |
| 30d moving avg. | $24.25 |
| Annualized volatility | 2.3% |
| Relative strength (RSI) | 64 |
| Short interest (ETF) | 6.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
1.9 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
1.8%
ⓘ Our analysis shows this fund is likely to be relatively insensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
SCHO
31.3%
Cat. Avg
6.9%
Fund Category: Government
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 3 bp |
| Equals: ALTAR Score™ | 31.3% |
ALTAR Score™ vs. Duration (Government Bond ETFs)
Expense Analysis
| Peer Group | Passive Government Fixed Income ETFs |
| # of ETFs | 25 |
| Avg. Expense Ratio | 16.6 bp |
| Std. Deviation | 18.7 bp |
| SCHO (3 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SCHO | 3.0 | 2.1 | 5.1 |
| Peer Avg. | 18.7 | 7.8 | 26.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .