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SPTL vs. SCHR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPTL vs. SCHR

Last updated Jun 4, 2026

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

Performance

SPTL vs. SCHR - Performance Comparison

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

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Returns By Period

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

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%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPTL vs. SCHR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
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 SPTL and SCHR 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 SPTL and SCHR 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.

SPDR Portfolio Long Term Treasury ETF

Schwab Intermediate-Term U.S. Treasury ETF

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

Return for Risk

SPTL vs. SCHR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
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
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.

SPTL vs. SCHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Treasury ETF (SPTL) 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.

SPTLSCHRDifference
Sharpe ratioReturn per unit of total volatility
0.59
1.04

-0.45

Sortino ratioReturn per unit of downside risk
0.90
1.57

-0.67

Omega ratioGain probability vs. loss probability

1.10

1.18

-0.08

Calmar ratioReturn relative to maximum drawdown

0.74

1.27

-0.53

Martin ratioReturn relative to average drawdown

1.94

3.82

-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.

SPTL vs. SCHR - Sharpe Ratio Comparison

The current SPTL Sharpe Ratio is 0.59, which is lower than the SCHR Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of SPTL and SCHR, 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

SPTLSCHRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.59

1.04

-0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.37

0.01

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.08

0.28

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.44

-0.20

Drawdowns

SPTL vs. SCHR - Drawdown Comparison

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

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Drawdown Indicators

SPTLSCHRDifference

Max Drawdown

Largest peak-to-trough decline

-46.20%

-16.11%

-30.09%

Max Drawdown (1Y)

Largest decline over 1 year

-7.04%

-2.79%

-4.25%

Max Drawdown (3Y)

Largest decline over 3 years

-17.55%

-4.35%

-13.20%

Max Drawdown (5Y)

Largest decline over 5 years

-41.02%

-15.07%

-25.95%

Max Drawdown (10Y)

Largest decline over 10 years

-46.20%

-16.11%

-30.09%

Current Drawdown

Current decline from peak

-36.87%

-2.37%

-34.50%

Average Drawdown

Average peak-to-trough decline

-14.24%

-3.64%

-10.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

0.93%

+1.76%

Volatility

SPTL vs. SCHR - Volatility Comparison

SPDR Portfolio Long Term Treasury ETF (SPTL) has a higher volatility of 2.63% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.08%. This indicates that SPTL's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPTLSCHRDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

1.08%

+1.55%

Volatility (6M)

Calculated over the trailing 6-month period

5.97%

2.35%

+3.62%

Volatility (1Y)

Calculated over the trailing 1-year period

8.92%

3.43%

+5.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.63%

5.38%

+9.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.95%

4.47%

+9.48%

SPTL vs. SCHR - Expense Ratio Comparison

SPTL has a 0.03% expense ratio, which is lower than SCHR's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPTL vs. SCHR - Dividend Comparison

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

SPTL and SCHR 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, SPTL dropped -46.20% vs SCHR's -16.11%.

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.

SPTL tracks Bloomberg Long U.S. Treasury 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: 0.03% for SPTL and 0.05% for SCHR.

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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