SCHJ vs. SCHQ
SCHJ (Schwab 1-5 Year Corporate Bond ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both exchange-traded funds - SCHJ is a Short-Term Bond fund tracking the Bloomberg US 1-5 Year Corporate Bond Index, while SCHQ is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 5 years, SCHJ returned 2.31%/yr vs -7.05%/yr for SCHQ. Their 0.60 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.03% expense ratio.
Performance
SCHJ vs. SCHQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHJ achieves a 0.75% return, which is significantly higher than SCHQ's -3.25% return.
SCHJ
- 1D
- -0.06%
- 1M
- -0.28%
- 6M
- 0.42%
- YTD
- 0.75%
- 1Y
- 2.99%
- 3Y*
- 5.46%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 2.60%
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) |
|---|---|---|---|
| $5.98M | $7.81M | $6.46M | |
| $12.09M | $14.21M | $18.95M |
SCHJ vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.75% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -3.25% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.20% |
Correlation
The correlation between SCHJ and SCHQ is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.60 |
The correlation between SCHJ and SCHQ shifts across timeframes, from 0.60 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHJ vs. SCHQ — Risk / Return Rank
SCHJ
SCHQ
SCHJ vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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.
| SCHJ | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.00 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | -0.04 | +2.48 |
| Martin ratioReturn relative to average drawdown | 9.17 | -0.10 | +9.27 |
Loading charts...
Drawdowns
SCHJ vs. SCHQ - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for SCHJ and SCHQ.
Loading charts...
Drawdown Indicators
| SCHJ | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -46.13% | +32.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -7.05% | +5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -13.38% | +11.91% |
Max Drawdown (5Y)Largest decline over 5 years | -9.38% | -40.93% | +31.55% |
Current DrawdownCurrent decline from peak | -0.33% | -38.61% | +38.28% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -26.60% | +24.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 3.20% | -2.81% |
Volatility
SCHJ vs. SCHQ - Volatility Comparison
The current volatility for Schwab 1-5 Year Corporate Bond ETF (SCHJ) is 0.53%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.24%. This indicates that SCHJ 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.
Loading charts...
Volatility by Period
| SCHJ | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.24% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 6.30% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 8.50% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 14.41% | -11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 15.20% | -11.10% |
SCHJ vs. SCHQ - Expense Ratio Comparison
Both SCHJ and SCHQ have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SCHJ vs. SCHQ - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 4.50%, less than SCHQ's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.09% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% |
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
SCHJ and SCHQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHQ has higher volatility (2.24%) compared to SCHJ (0.53%). In terms of maximum drawdown, SCHJ dropped -13.62% vs SCHQ's -46.13%.
On 5-year performance, SCHJ leads with 2.31% vs -7.05% for SCHQ. Both ETFs have the same 0.03% expense ratio. On volatility, SCHJ has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHJ has performed better with a 2.31% return vs -7.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ and SCHQ have the same expense ratio: 0.03% per year.
SCHQ has the higher dividend yield at 4.50%, compared with 4.09% for SCHJ.
SCHJ is categorized as Short-Term Bond, while SCHQ is Government Bonds. SCHJ tracks Bloomberg US 1-5 Year Corporate Bond Index, while SCHQ tracks Bloomberg U.S. Long Treasury Index.
SCHJ currently has the higher Sharpe Ratio (1.86 vs -0.04), 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.
Find the right allocation for SCHJ and SCHQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer