SCHR vs. SPTB
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and SPTB (State Street SPDR Portfolio Treasury ETF) are both Government Bonds funds - SCHR tracks the Bloomberg US Treasury 3-10 Year Index while SPTB tracks the Bloomberg U.S. Treasury Index. Both are passively managed. Over the past year, SCHR returned 3.55% vs 3.87% for SPTB. With a 0.96 correlation, they move nearly in lockstep. SCHR charges 0.05%/yr vs 0.03%/yr for SPTB.
Performance
SCHR vs. SPTB - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.43% return, which is significantly lower than SPTB's -0.07% return.
SCHR
- 1D
- -0.16%
- 1M
- -0.15%
- YTD
- -0.43%
- 6M
- -0.59%
- 1Y
- 3.55%
- 3Y*
- 3.41%
- 5Y*
- 0.05%
- 10Y*
- 1.23%
SPTB
- 1D
- -0.22%
- 1M
- 0.08%
- YTD
- -0.07%
- 6M
- -0.37%
- 1Y
- 3.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHR vs. SPTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.43% | 7.33% | 2.62% |
SPTB State Street SPDR Portfolio Treasury ETF | -0.07% | 6.14% | 2.17% |
Correlation
The correlation between SCHR and SPTB is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.96 |
The correlation between SCHR and SPTB has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
SCHR vs. SPTB — Risk / Return Rank
SCHR
SPTB
SCHR vs. SPTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and State Street SPDR Portfolio Treasury ETF (SPTB). 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.
| SCHR | SPTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.34 | -0.07 |
| Martin ratioReturn relative to average drawdown | 3.82 | 3.98 | -0.16 |
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
| SCHR | SPTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.07 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.92 | -0.48 |
Drawdowns
SCHR vs. SPTB - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, which is greater than SPTB's maximum drawdown of -4.96%. Use the drawdown chart below to compare losses from any high point for SCHR and SPTB.
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Drawdown Indicators
| SCHR | SPTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -4.96% | -11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.90% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.37% | -1.94% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -1.32% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.98% | -0.05% |
Volatility
SCHR vs. SPTB - Volatility Comparison
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and State Street SPDR Portfolio Treasury ETF (SPTB) have volatilities of 1.08% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHR | SPTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.11% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.47% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.64% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 4.42% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 4.42% | +0.05% |
SCHR vs. SPTB - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is higher than SPTB'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. SPTB - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.92%, less than SPTB's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPTB State Street SPDR Portfolio Treasury ETF | 4.20% | 4.23% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, SCHR and SPTB 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.
SPTB has higher volatility (1.11%) compared to SCHR (1.08%). In terms of maximum drawdown, SCHR dropped -16.11% vs SPTB's -4.96%.
On 1-year performance, SPTB leads with 3.87% vs 3.55% for SCHR. On fees, SPTB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPTB has performed better with a 3.87% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTB is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.
SPTB has the higher dividend yield at 4.20%, compared with 3.92% for SCHR.
SCHR tracks Bloomberg US Treasury 3-10 Year Index, while SPTB tracks Bloomberg U.S. Treasury Index. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.05% for SCHR and 0.03% for SPTB.
SPTB currently has the higher Sharpe Ratio (1.07 vs 1.04), 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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