IBGL vs. SCHQ
IBGL (iShares iBonds Dec 2055 Term Treasury ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds - IBGL tracks the ICE 2055 Maturity US Treasury Index while SCHQ tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past year, IBGL returned 4.56% vs 5.22% for SCHQ. With a 0.99 correlation, they move nearly in lockstep. IBGL charges 0.07%/yr vs 0.03%/yr for SCHQ.
Performance
IBGL vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IBGL achieves a -0.23% return, which is significantly higher than SCHQ's -0.43% return.
IBGL
- 1D
- -0.35%
- 1M
- 0.74%
- YTD
- -0.23%
- 6M
- -1.85%
- 1Y
- 4.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHQ
- 1D
- -0.45%
- 1M
- 0.65%
- YTD
- -0.43%
- 6M
- -1.74%
- 1Y
- 5.22%
- 3Y*
- -0.72%
- 5Y*
- -5.29%
- 10Y*
- —
IBGL vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGL iShares iBonds Dec 2055 Term Treasury ETF | -0.23% | 0.99% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -0.43% | 2.38% |
Correlation
The correlation between IBGL and SCHQ is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | 0.99 |
The correlation between IBGL 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
IBGL vs. SCHQ — Risk / Return Rank
IBGL
SCHQ
IBGL vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2055 Term Treasury ETF (IBGL) 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.
| IBGL | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.75 | -0.11 |
| Martin ratioReturn relative to average drawdown | 1.58 | 1.94 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBGL | SCHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.59 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.25 | +0.31 |
Drawdowns
IBGL vs. SCHQ - Drawdown Comparison
The maximum IBGL drawdown since its inception was -9.37%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for IBGL and SCHQ.
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Drawdown Indicators
| IBGL | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -46.13% | +36.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -7.01% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -4.38% | -36.82% | +32.44% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -26.36% | +22.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.70% | +0.19% |
Volatility
IBGL vs. SCHQ - Volatility Comparison
iShares iBonds Dec 2055 Term Treasury ETF (IBGL) and Schwab Long-Term U.S. Treasury ETF (SCHQ) have volatilities of 2.67% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGL | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.57% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.12% | 5.94% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 8.93% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 14.54% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.53% | 15.33% | -4.80% |
IBGL vs. SCHQ - Expense Ratio Comparison
IBGL 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
IBGL vs. SCHQ - Dividend Comparison
IBGL's dividend yield for the trailing twelve months is around 4.70%, less than SCHQ's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBGL iShares iBonds Dec 2055 Term Treasury ETF | 4.70% | 3.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.79% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
Frequently Asked Questions
With a correlation of 0.99, IBGL 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.
IBGL has higher volatility (2.67%) compared to SCHQ (2.57%). In terms of maximum drawdown, IBGL dropped -9.37% vs SCHQ's -46.13%.
On 1-year performance, SCHQ leads with 5.22% vs 4.56% for IBGL. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHQ has been the lower-risk option at 2.57%. 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 5.22% return vs 4.56%. 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 IBGL.
SCHQ has the higher dividend yield at 4.79%, compared with 4.70% for IBGL.
IBGL tracks ICE 2055 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 IBGL and 0.03% for SCHQ.
SCHQ currently has the higher Sharpe Ratio (0.59 vs 0.49), 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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