Schwab Short-Term U.S. Treasury ETF
$23.84−0.06 (−0.25%)
- Expense ratio
- 0.03%
- Fund size
- $15.3B
- 1Y return
- +1.8%
- Yield · Last 12 months
- 3.83%
- Holdings
- 97
- Volume · 30D
- 4.6M sh
- NAV per share
- $23.89
- 52W range
The ETF.net SCHO Grade
Score 79 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 89Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 72Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on SCHO
AShort Treasuries, stripped to the studs: roughly 100 US government bonds maturing in one to three years, wrapped in a 0.03% fee. Running since 2010, and one of the tighter builds in its corner of the bond market.
The fund seeks to track, before fees and expenses, the total return of an index representing the short-term U.S. Treasury bond market.
Why people hold it
- 0.03% a year, a fifth of the 0.15% on the category's best-known fund, SHY. When every fund in the aisle owns the same Treasuries, the fee is the main lever.
- Pure government paper: the Bloomberg US Treasury 1-3 Year Index, tracked very closely. No corporate bonds, no credit spread dressed up as yield.schwabassetmanagement.com
- A multi-billion-dollar fund that trades actively and pays income monthly, so entering and exiting rarely means wrestling the spread.
- Live since 2010 and among the strongest implementations in the short-Treasury peer group, which matters in a slice of the market where execution is the whole game.
Worth knowing
- Bonds, not cash. One to three year maturities still reprice when rates move, so the share price wobbles instead of sitting flat.schwabassetmanagement.com
- Income floats with short-term Treasury yields rather than locking in, so the monthly payout moves up and down as rates do.
- The 0.03% fee is a three-way tie with VGSH and SPTS, and VGSH tracks the identical index, so cost alone will not separate them.
SCHO Holdings
- Bonds
- 97
- 14%
- TREASURY NOTE 3.50% 01/31/2028 (BBG01CGJ5RZ0)
Sectors
- Financials100.0%
Geography
- United States100.00%
SCHO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SCHO |
|---|---|
| Year to date | +0.5% |
| 1 month | −0.6% |
| 3 months | +0.1% |
| 1 year | +1.8% |
| 3 years | +4.1% |
| 5 years | +1.8% |
| 10 years | +1.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCHO |
|---|---|---|
| 2026 YTD | +0.5% | |
| 2025 | +5.5% | |
| 2024 | +3.6% | |
| 2023 | +4.3% | |
| 2022 | −3.9% | |
| 2021 | −0.6% | |
| 2020 | +3.1% |
SCHO in the news
ETF.net Research hasn’t filed on SCHO yet — coverage lands here as it’s written.
SCHO Dividends
- 3.83%
- $0.91
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.06 |
| Aug 3, 2026 | Aug 7, 2026 | $0.08 |
| Jul 1, 2026 | Jul 8, 2026 | $0.08 |
| Jun 1, 2026 | Jun 5, 2026 | $0.07 |
| May 1, 2026 | May 7, 2026 | $0.08 |
| Apr 1, 2026 | Apr 8, 2026 | $0.07 |
| Mar 2, 2026 | Mar 6, 2026 | $0.07 |
| Feb 2, 2026 | Feb 6, 2026 | $0.09 |
| Dec 19, 2025 | Dec 26, 2025 | $0.08 |
| Dec 1, 2025 | Dec 5, 2025 | $0.07 |
| Nov 3, 2025 | Nov 7, 2025 | $0.09 |
| Oct 1, 2025 | Oct 7, 2025 | $0.08 |
SCHO Risk
- 1.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.26
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCHO Cost
- The middle half of Treasuries (1-3 Year) funds
- Median 0.15%
No Treasuries (1-3 Year) fund charges less.