IBGK vs. SCHQ
IBGK (iShares iBonds Dec 2054 Term Treasury ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both exchange-traded funds - IBGK is a Long-Term Bond fund tracking the ICE 2054 Maturity US Treasury Index, while SCHQ is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past year, IBGK returned -2.38% vs -1.68% for SCHQ. Their 0.98 correlation means they have historically moved very closely together. IBGK charges 0.07%/yr vs 0.03%/yr for SCHQ.
Performance
IBGK vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IBGK achieves a -3.58% return, which is significantly lower than SCHQ's -3.25% return.
IBGK
- 1D
- -0.75%
- 1M
- -3.84%
- 6M
- -3.50%
- YTD
- -3.58%
- 1Y
- -2.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.65%
SCHQ
- 1D
- -0.63%
- 1M
- -3.51%
- 6M
- -3.16%
- YTD
- -3.25%
- 1Y
- -1.68%
- 3Y*
- -0.63%
- 5Y*
- -7.05%
- 10Y*
- —
- ALL TIME*
- -4.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.21K | $15.17K | $32.94K | |
| $12.09M | $14.21M | $18.95M |
IBGK vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | -3.58% | 3.66% | -3.44% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -3.25% | 5.50% | -1.74% |
Correlation
The correlation between IBGK 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 (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.98 |
The correlation between IBGK and SCHQ has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IBGK vs. SCHQ — Risk / Return Rank
IBGK
SCHQ
IBGK vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) 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.
| IBGK | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.04 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.33 | -0.10 | -0.23 |
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Drawdowns
IBGK vs. SCHQ - Drawdown Comparison
The maximum IBGK drawdown since its inception was -14.62%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for IBGK and SCHQ.
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Drawdown Indicators
| IBGK | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -46.13% | +31.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -7.05% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -12.13% | -38.61% | +26.48% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -26.60% | +18.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.20% | +0.21% |
Volatility
IBGK vs. SCHQ - Volatility Comparison
iShares iBonds Dec 2054 Term Treasury ETF (IBGK) has a higher volatility of 2.38% compared to Schwab Long-Term U.S. Treasury ETF (SCHQ) at 2.24%. This indicates that IBGK'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
| IBGK | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.24% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 6.30% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 8.50% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.63% | 14.41% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.63% | 15.20% | -3.57% |
IBGK vs. SCHQ - Expense Ratio Comparison
IBGK has a 0.07% 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
IBGK vs. SCHQ - Dividend Comparison
IBGK's dividend yield for the trailing twelve months is around 4.83%, less than SCHQ's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.41% | 4.59% | 3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.50% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
Frequently Asked Questions
With a correlation of 0.99, IBGK 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.
IBGK has higher volatility (2.38%) compared to SCHQ (2.24%). In terms of maximum drawdown, IBGK dropped -14.62% vs SCHQ's -46.13%.
On 1-year performance, SCHQ leads with -1.68% vs -2.38% for IBGK. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHQ has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHQ has performed better with a -1.68% return vs -2.38%. 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 0.07% for IBGK.
SCHQ has the higher dividend yield at 4.50%, compared with 4.41% for IBGK.
IBGK is categorized as Long-Term Bond, while SCHQ is Government Bonds. IBGK tracks ICE 2054 Maturity US Treasury Index, while SCHQ tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.07% for IBGK and 0.03% for SCHQ.
SCHQ currently has the higher Sharpe Ratio (-0.04 vs -0.12), 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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