SCHR vs. SCHQ
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds from Charles Schwab - SCHR tracks the Bloomberg US Treasury 3-10 Year Index while SCHQ tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 5 years, SCHR returned -0.25%/yr vs -7.05%/yr for SCHQ. Their correlation of 0.86 means they have usually moved in the same direction. SCHR charges 0.05%/yr vs 0.03%/yr for SCHQ.
Performance
SCHR vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.76% return, which is significantly higher than SCHQ's -3.25% return.
SCHR
- 1D
- -0.20%
- 1M
- -0.73%
- 6M
- -0.72%
- YTD
- -0.76%
- 1Y
- 1.17%
- 3Y*
- 3.74%
- 5Y*
- -0.25%
- 10Y*
- 1.08%
- ALL TIME*
- 1.88%
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) |
|---|---|---|---|
| $12.09M | $14.21M | $18.95M | |
| $55.30M | $60.69M | $73.53M |
SCHR vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.76% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | -1.23% |
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 SCHR and SCHQ is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.86 |
The correlation between SCHR and SCHQ has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
SCHR vs. SCHQ — Risk / Return Rank
SCHR
SCHQ
SCHR vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) 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.
| SCHR | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.04 | +0.81 |
| Martin ratioReturn relative to average drawdown | 1.77 | -0.10 | +1.87 |
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Drawdowns
SCHR vs. SCHQ - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for SCHR and SCHQ.
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Drawdown Indicators
| SCHR | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -46.13% | +30.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -7.05% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -13.38% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -40.93% | +25.86% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -38.61% | +35.92% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -26.60% | +22.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.20% | -1.99% |
Volatility
SCHR vs. SCHQ - Volatility Comparison
The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 0.86%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.24%. This indicates that SCHR 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.
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Volatility by Period
| SCHR | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 2.24% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 6.30% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 8.50% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 14.41% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 15.20% | -10.73% |
SCHR vs. SCHQ - Expense Ratio Comparison
SCHR has a 0.05% 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
SCHR vs. SCHQ - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.95%, less than SCHQ's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.50% | 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 | 3.60% | 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
SCHR and SCHQ have a correlation of 0.83, 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 SCHR (0.86%). In terms of maximum drawdown, SCHR dropped -16.11% vs SCHQ's -46.13%.
On 5-year performance, SCHR leads with -0.25% vs -7.05% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHR has been the lower-risk option at 0.86%. 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 -0.25% return vs -7.05%. 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 4.50%, compared with 3.60% for SCHR.
SCHR tracks Bloomberg US Treasury 3-10 Year Index, while SCHQ tracks Bloomberg U.S. Long Treasury Index. Their fees differ too: 0.05% for SCHR and 0.03% for SCHQ.
SCHR currently has the higher Sharpe Ratio (0.63 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.
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