SCHQ vs. SCHR
SCHQ (Schwab Long-Term U.S. Treasury ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both Government Bonds funds from Charles Schwab - SCHQ tracks the Bloomberg U.S. Long Treasury Index while SCHR tracks the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 5 years, SCHQ returned -5.48%/yr vs 0.18%/yr for SCHR. Their correlation of 0.86 suggests significant overlap in exposure. SCHQ charges 0.03%/yr vs 0.05%/yr for SCHR.
Performance
SCHQ vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, SCHQ achieves a 0.60% return, which is significantly higher than SCHR's -0.03% return.
SCHQ
- 1D
- 0.55%
- 1M
- 3.19%
- YTD
- 0.60%
- 6M
- 0.40%
- 1Y
- 5.72%
- 3Y*
- -0.50%
- 5Y*
- -5.48%
- 10Y*
- —
SCHR
- 1D
- 0.12%
- 1M
- 0.91%
- YTD
- -0.03%
- 6M
- 0.05%
- 1Y
- 3.84%
- 3Y*
- 3.70%
- 5Y*
- 0.18%
- 10Y*
- 1.20%
SCHQ vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 0.60% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.20% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.03% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | -1.23% |
Correlation
The correlation between SCHQ and SCHR is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.86 |
The correlation between SCHQ and SCHR has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
SCHQ vs. SCHR — Risk / Return Rank
SCHQ
SCHR
SCHQ vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Long-Term U.S. Treasury ETF (SCHQ) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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.
| SCHQ | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.38 | -0.56 |
| Martin ratioReturn relative to average drawdown | 2.04 | 3.84 | -1.80 |
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Drawdowns
SCHQ vs. SCHR - Drawdown Comparison
The maximum SCHQ drawdown since its inception was -46.13%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SCHQ and SCHR.
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Drawdown Indicators
| SCHQ | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -16.11% | -30.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -2.79% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -4.35% | -13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | -15.07% | -25.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -36.16% | -1.97% | -34.19% |
Average DrawdownAverage peak-to-trough decline | -26.41% | -3.64% | -22.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.00% | +1.81% |
Volatility
SCHQ vs. SCHR - Volatility Comparison
Schwab Long-Term U.S. Treasury ETF (SCHQ) has a higher volatility of 2.21% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 0.96%. This indicates that SCHQ's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHQ | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 0.96% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 2.41% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 3.37% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 5.38% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 4.47% | +10.83% |
SCHQ vs. SCHR - Expense Ratio Comparison
SCHQ has a 0.03% expense ratio, which is lower than SCHR's 0.05% 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%.
Dividends
SCHQ vs. SCHR - Dividend Comparison
SCHQ's dividend yield for the trailing twelve months is around 4.74%, more than SCHR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.74% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.90% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
SCHQ and SCHR have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHQ has higher volatility (2.21%) compared to SCHR (0.96%). In terms of maximum drawdown, SCHQ dropped -46.13% vs SCHR's -16.11%.
On 5-year performance, SCHR leads with 0.18% vs -5.48% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHR has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHR has performed better with a 0.18% return vs -5.48%. 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 0.05% for SCHR.
SCHQ has the higher dividend yield at 4.74%, compared with 3.90% for SCHR.
SCHQ tracks Bloomberg U.S. Long Treasury Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. Their fees differ too: 0.03% for SCHQ and 0.05% for SCHR.
SCHR currently has the higher Sharpe Ratio (1.15 vs 0.66), 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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