SPTI vs. SCHR
SPTI (SPDR Portfolio Intermediate Term Treasury ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both Government Bonds funds - SPTI tracks the Bloomberg 3-10 Year U.S. Treasury Bond Index while SCHR tracks the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, SPTI returned 1.27%/yr vs 1.14%/yr for SCHR. Their correlation of 0.94 suggests significant overlap in exposure. SPTI charges 0.06%/yr vs 0.05%/yr for SCHR.
Performance
SPTI vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, SPTI achieves a -0.38% return, which is significantly higher than SCHR's -0.43% return. Over the past 10 years, SPTI has outperformed SCHR with an annualized return of 1.27%, while SCHR has yielded a comparatively lower 1.14% annualized return.
SPTI
- 1D
- 0.14%
- 1M
- 0.36%
- YTD
- -0.38%
- 6M
- -0.20%
- 1Y
- 2.74%
- 3Y*
- 3.56%
- 5Y*
- 0.09%
- 10Y*
- 1.27%
SCHR
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- -0.43%
- 6M
- -0.27%
- 1Y
- 2.71%
- 3Y*
- 3.53%
- 5Y*
- 0.10%
- 10Y*
- 1.14%
SPTI vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPTI SPDR Portfolio Intermediate Term Treasury ETF | -0.38% | 7.46% | 1.32% | 4.24% | -10.65% | -2.55% | 7.70% | 6.01% | 2.27% | 1.04% |
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% |
Correlation
The correlation between SPTI and SCHR is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.94 |
The correlation between SPTI and SCHR has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
SPTI vs. SCHR — Risk / Return Rank
SPTI
SCHR
SPTI vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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.
| SPTI | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.97 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.66 | 2.63 | +0.04 |
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Drawdowns
SPTI vs. SCHR - Drawdown Comparison
The maximum SPTI drawdown since its inception was -16.12%, roughly equal to the maximum SCHR drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SPTI and SCHR.
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Drawdown Indicators
| SPTI | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.12% | -16.11% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.79% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -4.35% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -15.07% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | -16.11% | -0.01% |
Current DrawdownCurrent decline from peak | -2.35% | -2.37% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -3.63% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.03% | 0.00% |
Volatility
SPTI vs. SCHR - Volatility Comparison
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR) have volatilities of 1.09% and 1.06%, 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
| SPTI | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.06% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.48% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.42% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 5.38% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 4.47% | -0.09% |
SPTI vs. SCHR - Expense Ratio Comparison
SPTI has a 0.06% expense ratio, which is higher than SCHR's 0.05% 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
SPTI vs. SCHR - Dividend Comparison
SPTI's dividend yield for the trailing twelve months is around 3.86%, less than SCHR's 3.92% 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% |
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 3.86% | 3.79% | 3.77% | 2.99% | 1.45% | 0.53% | 0.75% | 2.02% | 1.97% | 1.46% | 1.23% | 1.18% |
Frequently Asked Questions
With a correlation of 0.98, SPTI and SCHR 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.
SPTI has higher volatility (1.09%) compared to SCHR (1.06%). In terms of maximum drawdown, SPTI dropped -16.12% vs SCHR's -16.11%.
On 10-year performance, SPTI leads with 1.27% vs 1.14% for SCHR. On fees, SCHR is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPTI has performed better with a 1.27% return vs 1.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.06% for SPTI.
SCHR has the higher dividend yield at 3.92%, compared with 3.86% for SPTI.
SPTI tracks Bloomberg 3-10 Year U.S. Treasury Bond Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.06% for SPTI and 0.05% for SCHR.
SPTI currently has the higher Sharpe Ratio (0.81 vs 0.80), 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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