TLH vs. SCHQ
Compare and contrast key facts about iShares 10-20 Year Treasury Bond ETF (TLH) and Schwab Long-Term U.S. Treasury ETF (SCHQ).
TLH and SCHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLH is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 10-20 Year Treasury Bond Index. It was launched on Jan 11, 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 TLH 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: TLH or SCHQ.
Key characteristics
| TLH | SCHQ | |
|---|---|---|
| YTD Return | -6.95% | -8.27% |
| 1Y Return | -9.24% | -11.41% |
| 3Y Return (Ann) | -8.68% | -10.45% |
| Sharpe Ratio | -0.55 | -0.62 |
| Daily Std Dev | 13.66% | 15.28% |
| Max Drawdown | -41.14% | -46.13% |
| Current Drawdown | -35.64% | -41.03% |
Correlation
The correlation between TLH and SCHQ is 0.99, 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.
Performance
TLH vs. SCHQ - Performance Comparison
In the year-to-date period, TLH achieves a -6.95% return, which is significantly higher than SCHQ's -8.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TLH vs. SCHQ - Expense Ratio Comparison
TLH has a 0.15% 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%.
Risk-Adjusted Performance
TLH vs. SCHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) 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
TLH vs. SCHQ - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.24%, less than SCHQ's 4.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 4.24% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% | 2.12% | 2.41% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.35% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TLH vs. SCHQ - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for TLH and SCHQ. For additional features, visit the drawdowns tool.
Volatility
TLH vs. SCHQ - Volatility Comparison
iShares 10-20 Year Treasury Bond ETF (TLH) and Schwab Long-Term U.S. Treasury ETF (SCHQ) have volatilities of 3.56% and 3.70%, 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.