IBTJ vs. SCHQ
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds - IBTJ tracks the ICE 2029 Maturity US Treasury Index while SCHQ tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 5 years, IBTJ returned -0.52%/yr vs -7.19%/yr for SCHQ. Their correlation of 0.84 means they have usually moved in the same direction. IBTJ charges 0.07%/yr vs 0.03%/yr for SCHQ.
Performance
IBTJ vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IBTJ achieves a 0.16% return, which is significantly higher than SCHQ's -2.90% return.
IBTJ
- 1D
- 0.09%
- 1M
- -0.12%
- 6M
- 0.15%
- YTD
- 0.16%
- 1Y
- 2.00%
- 3Y*
- 3.94%
- 5Y*
- -0.52%
- 10Y*
- —
- ALL TIME*
- 0.01%
SCHQ
- 1D
- 0.36%
- 1M
- -3.17%
- 6M
- -2.56%
- YTD
- -2.90%
- 1Y
- -1.33%
- 3Y*
- -0.04%
- 5Y*
- -7.19%
- 10Y*
- —
- ALL TIME*
- -4.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.67M | $6.79M | $6.05M | |
| $13.53M | $14.79M | $18.63M |
IBTJ vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.16% | 6.89% | 1.82% | 4.49% | -12.45% | -3.57% | 4.03% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -2.90% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 5.16% |
Correlation
The correlation between IBTJ and SCHQ is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.84 |
The correlation between IBTJ and SCHQ shifts across timeframes, from 0.73 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTJ vs. SCHQ — Risk / Return Rank
IBTJ
SCHQ
IBTJ vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) 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.
| IBTJ | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.98 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.19 | +1.43 |
| Martin ratioReturn relative to average drawdown | 2.88 | -0.41 | +3.29 |
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Drawdowns
IBTJ vs. SCHQ - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for IBTJ and SCHQ.
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Drawdown Indicators
| IBTJ | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -46.13% | +25.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -7.05% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -13.38% | +9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | -40.93% | +24.01% |
Current DrawdownCurrent decline from peak | -6.06% | -38.39% | +32.33% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -26.61% | +16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 3.23% | -2.53% |
Volatility
IBTJ vs. SCHQ - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.51%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.30%. This indicates that IBTJ experiences smaller price fluctuations and is considered to be less risky 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
| IBTJ | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 2.30% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 6.30% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 8.41% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 14.41% | -8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 15.20% | -9.27% |
IBTJ vs. SCHQ - Expense Ratio Comparison
IBTJ 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
IBTJ vs. SCHQ - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.79%, less than SCHQ's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.79% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% | 0.00% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.92% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
Frequently Asked Questions
IBTJ and SCHQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHQ has higher volatility (2.30%) compared to IBTJ (0.51%). In terms of maximum drawdown, IBTJ dropped -20.19% vs SCHQ's -46.13%.
On 5-year performance, IBTJ leads with -0.52% vs -7.19% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, IBTJ has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTJ has performed better with a -0.52% return vs -7.19%. 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 IBTJ.
SCHQ has the higher dividend yield at 4.92%, compared with 3.79% for IBTJ.
IBTJ tracks ICE 2029 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 IBTJ and 0.03% for SCHQ.
IBTJ currently has the higher Sharpe Ratio (0.93 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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