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SCHR vs. SPTL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHR vs. SPTL

Last updated Jun 4, 2026

SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and SPTL (SPDR Portfolio Long Term Treasury ETF) are both Government Bonds funds - SCHR tracks the Bloomberg US Treasury 3-10 Year Index while SPTL tracks the Bloomberg Long U.S. Treasury Index. Both are passively managed. Over the past 10 years, SCHR returned 1.23%/yr vs -1.12%/yr for SPTL. Their correlation of 0.85 suggests significant overlap in exposure. SCHR charges 0.05%/yr vs 0.03%/yr for SPTL.

Performance

SCHR vs. SPTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and SPDR Portfolio Long Term Treasury ETF (SPTL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHR achieves a -0.43% return, which is significantly lower than SPTL's -0.38% return. Over the past 10 years, SCHR has outperformed SPTL with an annualized return of 1.23%, while SPTL has yielded a comparatively lower -1.12% annualized 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%

SPTL

1D
-0.38%
1M
0.71%
YTD
-0.38%
6M
-1.67%
1Y
5.22%
3Y*
-0.70%
5Y*
-5.32%
10Y*
-1.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHR vs. SPTL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHR
Schwab Intermediate-Term U.S. Treasury ETF		-0.43%7.33%1.42%4.27%-10.58%-2.62%7.72%6.18%1.46%1.59%
SPTL
SPDR Portfolio Long Term Treasury ETF		-0.38%5.28%-6.23%3.30%-29.44%-4.99%18.07%13.74%-1.57%9.01%

Correlation

The correlation between SCHR and SPTL 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

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2010

0.85

The correlation between SCHR and SPTL has been stable across timeframes, ranging from 0.84 to 0.88 - 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.

Schwab Intermediate-Term U.S. Treasury ETF

SPDR Portfolio Long Term Treasury ETF

Often compared with SCHR:
SCHR vs. VGITSCHR vs. BNDSCHR vs. SCHQSCHR vs. IEFSCHR vs. SCYBSCHR vs. SPTISCHR vs. SCHB
Often compared with SPTL:
SPTL vs. TLTSPTL vs. VGLTSPTL vs. EDVSPTL vs. SCHQSPTL vs. TLHSPTL vs. BNDSPTL vs. VUSTX

Return for Risk

SCHR vs. SPTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHR
SCHR Risk / Return Rank: 2727
Overall Rank
SCHR Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
SCHR Sortino Ratio Rank: 2828
Sortino Ratio Rank
SCHR Omega Ratio Rank: 2626
Omega Ratio Rank
SCHR Calmar Ratio Rank: 2626
Calmar Ratio Rank
SCHR Martin Ratio Rank: 2727
Martin Ratio Rank
SPTL
SPTL Risk / Return Rank: 1717
Overall Rank
SPTL Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
SPTL Sortino Ratio Rank: 1717
Sortino Ratio Rank
SPTL Omega Ratio Rank: 1616
Omega Ratio Rank
SPTL Calmar Ratio Rank: 1818
Calmar Ratio Rank
SPTL Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHR vs. SPTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and SPDR Portfolio Long Term Treasury ETF (SPTL). 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.

SCHRSPTLDifference
Sharpe ratioReturn per unit of total volatility
1.04
0.59

+0.45

Sortino ratioReturn per unit of downside risk
1.57
0.90

+0.67

Omega ratioGain probability vs. loss probability

1.18

1.10

+0.08

Calmar ratioReturn relative to maximum drawdown

1.27

0.74

+0.53

Martin ratioReturn relative to average drawdown

3.82

1.94

+1.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHR vs. SPTL - Sharpe Ratio Comparison

The current SCHR Sharpe Ratio is 1.04, which is higher than the SPTL Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of SCHR and SPTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SCHRSPTLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

0.59

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

-0.37

+0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

-0.08

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.24

+0.20

Drawdowns

SCHR vs. SPTL - Drawdown Comparison

The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum SPTL drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for SCHR and SPTL.

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Drawdown Indicators

SCHRSPTLDifference

Max Drawdown

Largest peak-to-trough decline

-16.11%

-46.20%

+30.09%

Max Drawdown (1Y)

Largest decline over 1 year

-2.79%

-7.04%

+4.25%

Max Drawdown (3Y)

Largest decline over 3 years

-4.35%

-17.55%

+13.20%

Max Drawdown (5Y)

Largest decline over 5 years

-15.07%

-41.02%

+25.95%

Max Drawdown (10Y)

Largest decline over 10 years

-16.11%

-46.20%

+30.09%

Current Drawdown

Current decline from peak

-2.37%

-36.87%

+34.50%

Average Drawdown

Average peak-to-trough decline

-3.64%

-14.24%

+10.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.93%

2.69%

-1.76%

Volatility

SCHR vs. SPTL - Volatility Comparison

The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.08%, while SPDR Portfolio Long Term Treasury ETF (SPTL) has a volatility of 2.63%. This indicates that SCHR experiences smaller price fluctuations and is considered to be less risky than SPTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHRSPTLDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.08%

2.63%

-1.55%

Volatility (6M)

Calculated over the trailing 6-month period

2.35%

5.97%

-3.62%

Volatility (1Y)

Calculated over the trailing 1-year period

3.43%

8.92%

-5.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.38%

14.63%

-9.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.47%

13.95%

-9.48%

SCHR vs. SPTL - Expense Ratio Comparison

SCHR has a 0.05% expense ratio, which is higher than SPTL'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. SPTL - Dividend Comparison

SCHR's dividend yield for the trailing twelve months is around 3.92%, less than SPTL's 4.21% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SPTL
SPDR Portfolio Long Term Treasury ETF		4.21%4.12%4.03%3.24%2.75%1.68%1.71%2.45%2.69%2.53%2.56%2.60%

Frequently Asked Questions

SCHR and SPTL 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.

SPTL has higher volatility (2.63%) compared to SCHR (1.08%). In terms of maximum drawdown, SCHR dropped -16.11% vs SPTL's -46.20%.

On 10-year performance, SCHR leads with 1.23% vs -1.12% for SPTL. On fees, SPTL is cheaper at 0.03% per year. On volatility, SCHR has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHR has performed better with a 1.23% return vs -1.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPTL is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHR.

SPTL has the higher dividend yield at 4.21%, compared with 3.92% for SCHR.

SCHR tracks Bloomberg US Treasury 3-10 Year Index, while SPTL tracks Bloomberg Long 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 SPTL.

SCHR currently has the higher Sharpe Ratio (1.04 vs 0.59), 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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