LLDR vs. SCHQ

Last updated Jul 21, 2026

LLDR (Global X Long-Term Treasury Ladder ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds. Over the past year, LLDR returned 3.36% vs 3.39% for SCHQ. With a 0.99 correlation, they move nearly in lockstep. LLDR charges 0.12%/yr vs 0.03%/yr for SCHQ.

Performance

LLDR vs. SCHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Long-Term Treasury Ladder ETF (LLDR) and Schwab Long-Term U.S. Treasury ETF (SCHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LLDR having a -1.43% return and SCHQ slightly lower at -1.44%.

LLDR

• 1D: -0.59%
• 1M: -2.24%
• 6M: -1.88%
• YTD: -1.43%
• 1Y: 3.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.06%

SCHQ

• 1D: -0.65%
• 1M: -2.47%
• 6M: -1.94%
• YTD: -1.44%
• 1Y: 3.39%
• 3Y*: -1.01%
• 5Y*: -6.52%
• 10Y*: —
• ALL TIME*: -3.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LLDR vs. SCHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLDR Global X Long-Term Treasury Ladder ETF	-1.43%	5.69%	-9.39%
SCHQ Schwab Long-Term U.S. Treasury ETF	-1.44%	5.50%	-10.20%

Correlation

The correlation between LLDR 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 Sep 10, 2024	0.99

The correlation between LLDR and SCHQ has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

LLDR vs. SCHQ — Risk / Return Rank

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

LLDR

LLDR Risk / Return Rank: 18
LLDR Sharpe Ratio Rank: 18
LLDR Sortino Ratio Rank: 17
LLDR Omega Ratio Rank: 16
LLDR Calmar Ratio Rank: 18
LLDR Martin Ratio Rank: 18

SCHQ

SCHQ Risk / Return Rank: 17
SCHQ Sharpe Ratio Rank: 18
SCHQ Sortino Ratio Rank: 17
SCHQ Omega Ratio Rank: 16
SCHQ Calmar Ratio Rank: 17
SCHQ Martin Ratio Rank: 17

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.

LLDR vs. SCHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Long-Term Treasury Ladder ETF (LLDR) 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.

	LLDR	SCHQ	Difference
Sharpe ratio: Return per unit of total volatility	0.41	0.40	+0.01
Sortino ratio: Return per unit of downside risk	0.65	0.64	+0.01
Omega ratio: Gain probability vs. loss probability	1.07	1.07	0.00
Calmar ratio: Return relative to maximum drawdown	0.48	0.49	0.00
Martin ratio: Return relative to average drawdown	1.16	1.13	+0.03

LLDR vs. SCHQ - Sharpe Ratio Comparison

The current LLDR Sharpe Ratio is 0.41, which is comparable to the SCHQ Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of LLDR and SCHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LLDR vs. SCHQ - Drawdown Comparison

The maximum LLDR drawdown since its inception was -12.46%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for LLDR and SCHQ.

Drawdown Indicators

	LLDR	SCHQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-46.13%	+33.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-7.01%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.93%	—
Current Drawdown Current decline from peak	-6.64%	-37.46%	+30.82%
Average Drawdown Average peak-to-trough decline	-6.41%	-26.54%	+20.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.99%	-0.09%

Volatility

LLDR vs. SCHQ - Volatility Comparison

Global X Long-Term Treasury Ladder ETF (LLDR) and Schwab Long-Term U.S. Treasury ETF (SCHQ) have volatilities of 2.37% and 2.40%, 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.

Volatility by Period

	LLDR	SCHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.40%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	6.17%	6.26%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	8.57%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.99%	14.43%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.99%	15.23%	-5.24%

LLDR vs. SCHQ - Expense Ratio Comparison

LLDR has a 0.12% 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

LLDR vs. SCHQ - Dividend Comparison

LLDR's dividend yield for the trailing twelve months is around 4.69%, less than SCHQ's 4.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
LLDR Global X Long-Term Treasury Ladder ETF	4.69%	4.42%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHQ Schwab Long-Term U.S. Treasury ETF	4.82%	4.54%	4.58%	3.79%	2.88%	1.69%	1.51%	0.44%

Frequently Asked Questions

Can I hold both LLDR and SCHQ in my portfolio?

With a correlation of 0.99, LLDR 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.

Which is riskier, LLDR or SCHQ?

SCHQ has higher volatility (2.40%) compared to LLDR (2.37%). In terms of maximum drawdown, LLDR dropped -12.46% vs SCHQ's -46.13%.

Which ETF is better, LLDR or SCHQ?

On 1-year performance, SCHQ leads with 3.39% vs 3.36% for LLDR. On fees, SCHQ is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLDR or SCHQ?

Over the 1-year period, SCHQ has performed better with a 3.39% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLDR or SCHQ?

SCHQ is cheaper with a 0.03% expense ratio, compared with 0.12% for LLDR.

Which ETF pays a higher dividend yield, LLDR or SCHQ?

SCHQ has the higher dividend yield at 4.82%, compared with 4.69% for LLDR.

What is the main difference between LLDR and SCHQ?

They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.12% for LLDR and 0.03% for SCHQ.

Which has better risk-adjusted returns?

LLDR currently has the higher Sharpe Ratio (0.41 vs 0.40), 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.