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BTT vs. SCHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BTT vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Municipal 2030 Target Term Trust (BTT) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BTT achieves a 0.34% return, which is significantly lower than SCHG's 1.35% return. Over the past 10 years, BTT has underperformed SCHG with an annualized return of 2.62%, while SCHG has yielded a comparatively higher 18.65% annualized return.


BTT

1D
0.04%
1M
0.03%
YTD
0.34%
6M
2.36%
1Y
7.74%
3Y*
5.66%
5Y*
0.01%
10Y*
2.62%

SCHG

1D
-1.37%
1M
-3.93%
YTD
1.35%
6M
0.09%
1Y
17.91%
3Y*
22.13%
5Y*
13.27%
10Y*
18.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BTT vs. SCHG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
BTT
Blackrock Municipal 2030 Target Term Trust
0.34%13.71%1.64%0.76%-15.16%3.94%9.51%21.85%-4.63%6.52%
SCHG
Schwab U.S. Large-Cap Growth ETF
1.35%17.50%34.95%50.10%-31.80%28.11%39.14%36.02%-1.36%28.05%

Correlation

The correlation between BTT and SCHG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2012

0.12

The correlation between BTT and SCHG shifts across timeframes, from 0.12 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

BTT vs. SCHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTT
BTT Risk / Return Rank: 8181
Overall Rank
BTT Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
BTT Sortino Ratio Rank: 7878
Sortino Ratio Rank
BTT Omega Ratio Rank: 7676
Omega Ratio Rank
BTT Calmar Ratio Rank: 8484
Calmar Ratio Rank
BTT Martin Ratio Rank: 8787
Martin Ratio Rank

SCHG
SCHG Risk / Return Rank: 2828
Overall Rank
SCHG Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
SCHG Sortino Ratio Rank: 3030
Sortino Ratio Rank
SCHG Omega Ratio Rank: 3030
Omega Ratio Rank
SCHG Calmar Ratio Rank: 2323
Calmar Ratio Rank
SCHG Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTT vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Municipal 2030 Target Term Trust (BTT) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.


BTTSCHGDifference
Sharpe ratioReturn per unit of total volatility

+0.28

Sortino ratioReturn per unit of downside risk

+0.55

Omega ratioGain probability vs. loss probability

1.26

1.20

+0.06

Calmar ratioReturn relative to maximum drawdown

3.01

1.10

+1.91

Martin ratioReturn relative to average drawdown

9.15

3.58

+5.57

BTT vs. SCHG - Sharpe Ratio Comparison

The current BTT Sharpe Ratio is 1.39, which is comparable to the SCHG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of BTT and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

BTT vs. SCHG - Drawdown Comparison

The maximum BTT drawdown since its inception was -30.71%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for BTT and SCHG.


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Drawdown Indicators


BTTSCHGDifference

Max Drawdown

Largest peak-to-trough decline

-30.71%

-34.59%

+3.88%

Max Drawdown (1Y)

Largest decline over 1 year

-2.58%

-16.41%

+13.83%

Max Drawdown (3Y)

Largest decline over 3 years

-9.56%

-23.39%

+13.83%

Max Drawdown (5Y)

Largest decline over 5 years

-23.36%

-34.59%

+11.23%

Max Drawdown (10Y)

Largest decline over 10 years

-23.36%

-34.59%

+11.23%

Current Drawdown

Current decline from peak

-2.05%

-6.46%

+4.41%

Average Drawdown

Average peak-to-trough decline

-7.73%

-5.20%

-2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.85%

5.02%

-4.17%

Volatility

BTT vs. SCHG - Volatility Comparison

The current volatility for Blackrock Municipal 2030 Target Term Trust (BTT) is 1.22%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.91%. This indicates that BTT experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BTTSCHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.22%

5.91%

-4.69%

Volatility (6M)

Calculated over the trailing 6-month period

4.27%

12.52%

-8.25%

Volatility (1Y)

Calculated over the trailing 1-year period

5.59%

16.24%

-10.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.19%

22.38%

-14.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.72%

21.58%

-11.86%

Dividends

BTT vs. SCHG - Dividend Comparison

BTT's dividend yield for the trailing twelve months is around 2.46%, more than SCHG's 0.38% yield.


PositionTTM20252024202320222021202020192018201720162015
BTT
Blackrock Municipal 2030 Target Term Trust
2.46%2.44%2.70%3.11%3.50%2.89%2.92%3.10%3.93%4.08%4.40%4.46%
SCHG
Schwab U.S. Large-Cap Growth ETF
0.38%0.36%0.39%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%

Frequently Asked Questions


BTT and SCHG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHG has higher volatility (5.91%) compared to BTT (1.22%). In terms of maximum drawdown, BTT dropped -30.71% vs SCHG's -34.59%.

BTT currently has the higher Sharpe Ratio (1.39 vs 1.11), 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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