BBLB vs. SCHQ
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds - BBLB tracks the ICE U.S. Treasury 20+ Year Bond Index while SCHQ tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 3 years, BBLB returned -0.80%/yr vs 0.22%/yr for SCHQ. Their 0.99 correlation means they have historically moved very closely together. BBLB charges 0.04%/yr vs 0.03%/yr for SCHQ.
Performance
BBLB vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, BBLB achieves a -2.53% return, which is significantly lower than SCHQ's -2.16% return.
BBLB
- 1D
- 0.72%
- 1M
- -2.86%
- 6M
- -2.32%
- YTD
- -2.53%
- 1Y
- -1.51%
- 3Y*
- -0.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.81%
SCHQ
- 1D
- 0.77%
- 1M
- -2.42%
- 6M
- -2.00%
- YTD
- -2.16%
- 1Y
- -0.79%
- 3Y*
- 0.22%
- 5Y*
- -6.96%
- 10Y*
- —
- ALL TIME*
- -4.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $14.32M | $14.68M | $18.61M |
BBLB vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 4.26% | -7.84% | -2.80% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -2.16% | 5.50% | -6.44% | -1.75% |
Correlation
The correlation between BBLB and SCHQ is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.99 |
The correlation between BBLB and SCHQ has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
BBLB vs. SCHQ — Risk / Return Rank
BBLB
SCHQ
BBLB vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) and Schwab Long-Term U.S. Treasury ETF (SCHQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBLB | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.99 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.11 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.42 | -0.24 | -0.18 |
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Drawdowns
BBLB vs. SCHQ - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for BBLB and SCHQ.
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Drawdown Indicators
| BBLB | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -46.13% | +25.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -7.05% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -13.38% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -10.92% | -37.91% | +26.99% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -26.61% | +17.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.25% | +0.33% |
Volatility
BBLB vs. SCHQ - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to Schwab Long-Term U.S. Treasury ETF (SCHQ) at 2.47%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than SCHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.47% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 6.34% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 8.43% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 14.42% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 15.20% | -1.58% |
BBLB vs. SCHQ - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is higher than SCHQ's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBLB vs. SCHQ - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 4.99%, more than SCHQ's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.89% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
Frequently Asked Questions
With a correlation of 0.99, BBLB and SCHQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBLB has higher volatility (2.67%) compared to SCHQ (2.47%). In terms of maximum drawdown, BBLB dropped -21.06% vs SCHQ's -46.13%.
On 3-year performance, SCHQ leads with 0.22% vs -0.80% for BBLB. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHQ has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHQ has performed better with a 0.22% return vs -0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHQ is cheaper with a 0.03% expense ratio, compared with 0.04% for BBLB.
BBLB has the higher dividend yield at 4.99%, compared with 4.89% for SCHQ.
BBLB tracks ICE U.S. Treasury 20+ Year Bond Index, while SCHQ tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: JPMorgan and Charles Schwab. Their fees differ too: 0.04% for BBLB and 0.03% for SCHQ.
SCHQ currently has the higher Sharpe Ratio (-0.09 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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