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 0.07%/yr vs -5.56%/yr for SCHQ. Their correlation of 0.86 suggests significant overlap in exposure. SCHR charges 0.05%/yr vs 0.03%/yr for SCHQ.
Performance
SCHR vs. SCHQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHR achieves a -0.51% return, which is significantly lower than SCHQ's 0.37% return.
SCHR
- 1D
- -0.24%
- 1M
- 0.25%
- YTD
- -0.51%
- 6M
- -0.40%
- 1Y
- 2.88%
- 3Y*
- 3.50%
- 5Y*
- 0.07%
- 10Y*
- 1.13%
SCHQ
- 1D
- -0.67%
- 1M
- 1.95%
- YTD
- 0.37%
- 6M
- 0.37%
- 1Y
- 4.37%
- 3Y*
- -0.77%
- 5Y*
- -5.56%
- 10Y*
- —
SCHR vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.51% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | -1.23% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 0.37% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.20% |
Correlation
The correlation between SCHR and SCHQ 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 SCHR and SCHQ has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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
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 | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.63 | +0.41 |
| Martin ratioReturn relative to average drawdown | 2.81 | 1.55 | +1.26 |
Loading charts...
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.
Loading charts...
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% | -7.01% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -17.65% | +13.30% |
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 | -2.45% | -36.31% | +33.86% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -26.42% | +22.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.83% | -1.80% |
Volatility
SCHR vs. SCHQ - Volatility Comparison
The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.06%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.09%. 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.
Loading charts...
Volatility by Period
| SCHR | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.09% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 6.08% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 8.66% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 14.49% | -9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 15.29% | -10.81% |
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 3.92%, less than SCHQ's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.75% | 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 | 3.92% | 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 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHQ has higher volatility (2.09%) compared to SCHR (1.06%). In terms of maximum drawdown, SCHR dropped -16.11% vs SCHQ's -46.13%.
On 5-year performance, SCHR leads with 0.07% vs -5.56% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHR has been the lower-risk option at 1.06%. 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 0.07% return vs -5.56%. 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 4.75%, compared with 3.92% 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 (0.84 vs 0.51), 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 SCHR 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