SCHQ vs. XTWY
SCHQ (Schwab Long-Term U.S. Treasury ETF) and XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) are both Government Bonds funds - SCHQ tracks the Bloomberg U.S. Long Treasury Index while XTWY tracks the Bloomberg US Treasury 20 Year Target Duration Index. Both are passively managed. Over the past 3 years, SCHQ returned -0.60%/yr vs -3.03%/yr for XTWY. With a 0.98 correlation, they move nearly in lockstep. SCHQ charges 0.03%/yr vs 0.12%/yr for XTWY.
Performance
SCHQ vs. XTWY - Performance Comparison
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Returns By Period
In the year-to-date period, SCHQ achieves a -0.17% return, which is significantly lower than XTWY's -0.10% return.
SCHQ
- 1D
- 0.26%
- 1M
- 0.45%
- YTD
- -0.17%
- 6M
- -0.99%
- 1Y
- 3.87%
- 3Y*
- -0.60%
- 5Y*
- -5.24%
- 10Y*
- —
XTWY
- 1D
- 0.33%
- 1M
- 0.64%
- YTD
- -0.10%
- 6M
- -1.67%
- 1Y
- 3.23%
- 3Y*
- -3.03%
- 5Y*
- —
- 10Y*
- —
SCHQ vs. XTWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | -0.17% | 5.50% | -6.44% | 3.43% | -6.00% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -0.10% | 2.52% | -10.25% | 2.73% | -8.01% |
Correlation
The correlation between SCHQ and XTWY 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 (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.98 |
The correlation between SCHQ and XTWY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SCHQ vs. XTWY — Risk / Return Rank
SCHQ
XTWY
SCHQ vs. XTWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Long-Term U.S. Treasury ETF (SCHQ) and BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY). 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 | XTWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.34 | +0.21 |
| Martin ratioReturn relative to average drawdown | 1.43 | 0.82 | +0.61 |
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 | XTWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.28 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.21 | -0.04 |
Drawdowns
SCHQ vs. XTWY - Drawdown Comparison
The maximum SCHQ drawdown since its inception was -46.13%, which is greater than XTWY's maximum drawdown of -25.92%. Use the drawdown chart below to compare losses from any high point for SCHQ and XTWY.
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Drawdown Indicators
| SCHQ | XTWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -25.92% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -9.48% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -22.16% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | — | — |
Current DrawdownCurrent decline from peak | -36.65% | -15.03% | -21.62% |
Average DrawdownAverage peak-to-trough decline | -26.37% | -12.24% | -14.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.93% | -1.22% |
Volatility
SCHQ vs. XTWY - Volatility Comparison
The current volatility for Schwab Long-Term U.S. Treasury ETF (SCHQ) is 2.55%, while BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a volatility of 3.42%. This indicates that SCHQ experiences smaller price fluctuations and is considered to be less risky than XTWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHQ | XTWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 3.42% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 5.95% | 7.71% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 11.72% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 17.62% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 17.62% | -2.29% |
SCHQ vs. XTWY - Expense Ratio Comparison
SCHQ has a 0.03% expense ratio, which is lower than XTWY's 0.13% 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. XTWY - Dividend Comparison
SCHQ's dividend yield for the trailing twelve months is around 4.78%, more than XTWY's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.78% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.68% | 4.56% | 4.65% | 3.86% | 1.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, SCHQ and XTWY 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.
XTWY has higher volatility (3.42%) compared to SCHQ (2.55%). In terms of maximum drawdown, SCHQ dropped -46.13% vs XTWY's -25.92%.
On 3-year performance, SCHQ leads with -0.60% vs -3.03% for XTWY. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHQ has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHQ has performed better with a -0.60% return vs -3.03%. 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 0.12% for XTWY.
SCHQ has the higher dividend yield at 4.78%, compared with 4.68% for XTWY.
SCHQ tracks Bloomberg U.S. Long Treasury Index, while XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index. They also come from different issuers: Charles Schwab and BondBloxx. Their fees differ too: 0.03% for SCHQ and 0.12% for XTWY.
SCHQ currently has the higher Sharpe Ratio (0.44 vs 0.28), 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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