Schwab Short-Term U.S. Treasury ETF (SCHO) — Stock Correlations & Overview
Over the past year, SCHO has moved most closely with IBTI, SHY, SLQD. Explore the stocks most correlated and inversely correlated with SCHO below, along with its price, financials, and company profile.
Stocks correlated with SCHO
Correlation of daily returns. Higher positive values move with SCHO; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCHO
| Symbol | Company | Correlation |
|---|---|---|
| IBTI | iShares iBonds Dec 2028 Term Treasury ETF | 0.94 |
| SHY | iShares 1-3 Year Treasury Bond ETF | 0.93 |
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.92 |
| NEAR | iShares Short Duration Bond Active ETF | 0.91 |
| IBTJ | iShares iBonds Dec 2029 Term Treasury ETF | 0.91 |
Most inversely correlated with SCHO
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.65 |
| TBX | ProShares Short 7-10 Year Treasury | -0.63 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.62 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.49 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.48 |
Frequently asked questions about SCHO correlations
- Which stocks are most correlated with SCHO?
- Based on one year of daily returns, the stocks most correlated with Schwab Short-Term U.S. Treasury ETF (SCHO) are IBTI (0.94), SHY (0.93) and SLQD (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SCHO?
- Over the past year, the stocks most inversely correlated with Schwab Short-Term U.S. Treasury ETF (SCHO) are PST (-0.65), TBX (-0.63) and TYO (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SCHO correlations calculated?
- We compute the correlation of daily returns between SCHO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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