SCHQ vs. IEF
Compare and contrast key facts about Schwab Long-Term U.S. Treasury ETF (SCHQ) and iShares 7-10 Year Treasury Bond ETF (IEF).
SCHQ and IEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHQ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Oct 10, 2019. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002. Both SCHQ and IEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SCHQ vs. IEF - Performance Comparison
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SCHQ vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | -0.06% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.02% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.14% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | -1.75% |
Returns By Period
In the year-to-date period, SCHQ achieves a -0.06% return, which is significantly higher than IEF's -0.14% return.
SCHQ
- 1D
- -0.03%
- 1M
- -3.98%
- YTD
- -0.06%
- 6M
- -0.50%
- 1Y
- 0.41%
- 3Y*
- -1.56%
- 5Y*
- -4.81%
- 10Y*
- —
IEF
- 1D
- 0.18%
- 1M
- -2.32%
- YTD
- -0.14%
- 6M
- 0.79%
- 1Y
- 3.95%
- 3Y*
- 2.25%
- 5Y*
- -0.76%
- 10Y*
- 0.78%
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SCHQ vs. IEF - Expense Ratio Comparison
SCHQ has a 0.03% expense ratio, which is lower than IEF's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SCHQ vs. IEF — Risk / Return Rank
SCHQ
IEF
SCHQ vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Long-Term U.S. Treasury ETF (SCHQ) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| SCHQ | IEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.74 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.09 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.13 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.32 | -1.18 |
Martin ratioReturn relative to average drawdown | 0.31 | 3.31 | -3.01 |
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
| SCHQ | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.74 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.10 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.51 | -0.76 |
Correlation
The correlation between SCHQ and IEF is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SCHQ vs. IEF - Dividend Comparison
SCHQ's dividend yield for the trailing twelve months is around 4.63%, more than IEF's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.63% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.82% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Drawdowns
SCHQ vs. IEF - Drawdown Comparison
The maximum SCHQ drawdown since its inception was -46.13%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for SCHQ and IEF.
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Drawdown Indicators
| SCHQ | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -23.93% | -22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -3.22% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | -21.40% | -19.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.93% | — |
Current DrawdownCurrent decline from peak | -36.58% | -10.88% | -25.70% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -5.30% | -20.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 1.28% | +2.59% |
Volatility
SCHQ vs. IEF - Volatility Comparison
Schwab Long-Term U.S. Treasury ETF (SCHQ) has a higher volatility of 3.46% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.91%. This indicates that SCHQ's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHQ | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 1.91% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.99% | 3.22% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.39% | 5.35% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 7.70% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 6.63% | +8.86% |