SWRSX vs. TLT
Compare and contrast key facts about Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and iShares 20+ Year Treasury Bond ETF (TLT).
SWRSX is managed by Charles Schwab. It was launched on Mar 30, 2006. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
SWRSX vs. TLT - Performance Comparison
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SWRSX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.39% | 6.84% | 1.95% | 3.80% | -12.01% | 5.83% | 10.88% | 8.38% | -1.32% | 2.69% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, SWRSX achieves a 0.39% return, which is significantly higher than TLT's 0.17% return. Over the past 10 years, SWRSX has outperformed TLT with an annualized return of 2.57%, while TLT has yielded a comparatively lower -1.38% annualized return.
SWRSX
- 1D
- 0.58%
- 1M
- -1.33%
- YTD
- 0.39%
- 6M
- 0.33%
- 1Y
- 2.91%
- 3Y*
- 3.14%
- 5Y*
- 1.42%
- 10Y*
- 2.57%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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SWRSX vs. TLT - Expense Ratio Comparison
SWRSX has a 0.05% expense ratio, which is lower than TLT's 0.15% 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%.
Return for Risk
SWRSX vs. TLT — Risk / Return Rank
SWRSX
TLT
SWRSX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| SWRSX | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | -0.04 | +0.89 |
Sortino ratioReturn per unit of downside risk | 1.17 | 0.02 | +1.15 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.05 | +1.39 |
Martin ratioReturn relative to average drawdown | 4.27 | 0.11 | +4.16 |
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
| SWRSX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.04 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.37 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | -0.09 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.26 | +0.31 |
Correlation
The correlation between SWRSX and TLT is 0.72, 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.
Dividends
SWRSX vs. TLT - Dividend Comparison
SWRSX's dividend yield for the trailing twelve months is around 3.36%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.36% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
SWRSX vs. TLT - Drawdown Comparison
The maximum SWRSX drawdown since its inception was -14.29%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for SWRSX and TLT.
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Drawdown Indicators
| SWRSX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -48.35% | +34.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -9.23% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -43.70% | +29.41% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | -48.35% | +34.06% |
Current DrawdownCurrent decline from peak | -1.33% | -40.17% | +38.84% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -13.62% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 4.38% | -3.48% |
Volatility
SWRSX vs. TLT - Volatility Comparison
The current volatility for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) is 1.30%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that SWRSX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWRSX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 3.71% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 6.61% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 11.44% | -7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 15.90% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 14.93% | -9.54% |