SPTL vs. SCHQ
Compare and contrast key facts about SPDR Portfolio Long Term Treasury ETF (SPTL) and Schwab Long-Term U.S. Treasury ETF (SCHQ).
SPTL and SCHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on May 23, 2007. SCHQ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on Oct 10, 2019. Both SPTL and SCHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPTL or SCHQ.
Performance
SPTL vs. SCHQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPTL having a -4.53% return and SCHQ slightly higher at -4.49%.
SPTL
-4.53%
-4.78%
1.03%
5.40%
-5.10%
-0.02%
SCHQ
-4.49%
-4.72%
1.05%
5.40%
-5.07%
N/A
Key characteristics
| SPTL | SCHQ | |
|---|---|---|
| Sharpe Ratio | 0.49 | 0.49 |
| Sortino Ratio | 0.77 | 0.78 |
| Omega Ratio | 1.09 | 1.09 |
| Calmar Ratio | 0.16 | 0.16 |
| Martin Ratio | 1.21 | 1.22 |
| Ulcer Index | 5.45% | 5.42% |
| Daily Std Dev | 13.48% | 13.47% |
| Max Drawdown | -46.20% | -46.13% |
| Current Drawdown | -38.72% | -38.60% |
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SPTL vs. SCHQ - Expense Ratio Comparison
SPTL has a 0.06% expense ratio, which is higher than SCHQ'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%.
Correlation
The correlation between SPTL and SCHQ is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPTL vs. SCHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Treasury ETF (SPTL) 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.
Dividends
SPTL vs. SCHQ - Dividend Comparison
SPTL's dividend yield for the trailing twelve months is around 3.89%, less than SCHQ's 4.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 3.89% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.64% | 2.98% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.47% | 3.79% | 2.88% | 1.69% | 1.52% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPTL vs. SCHQ - Drawdown Comparison
The maximum SPTL drawdown since its inception was -46.20%, roughly equal to the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for SPTL and SCHQ. For additional features, visit the drawdowns tool.
Volatility
SPTL vs. SCHQ - Volatility Comparison
SPDR Portfolio Long Term Treasury ETF (SPTL) and Schwab Long-Term U.S. Treasury ETF (SCHQ) have volatilities of 4.32% and 4.36%, 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.