VBIIX vs. SCHQ
Compare and contrast key facts about Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Schwab Long-Term U.S. Treasury ETF (SCHQ).
VBIIX is managed by Vanguard. It was launched on Mar 1, 1994. SCHQ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Oct 10, 2019.
Performance
VBIIX vs. SCHQ - Performance Comparison
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VBIIX vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VBIIX Vanguard Intermediate-Term Bond Index Fund | -0.67% | 8.12% | 1.44% | 5.67% | -13.34% | -2.73% | 9.72% | -0.28% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -0.10% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.02% |
Returns By Period
In the year-to-date period, VBIIX achieves a -0.67% return, which is significantly lower than SCHQ's -0.10% return.
VBIIX
- 1D
- 0.29%
- 1M
- -1.88%
- YTD
- -0.67%
- 6M
- 0.15%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.26%
- 10Y*
- 1.83%
SCHQ
- 1D
- -0.04%
- 1M
- -3.14%
- YTD
- -0.10%
- 6M
- -0.76%
- 1Y
- -0.34%
- 3Y*
- -1.57%
- 5Y*
- -4.82%
- 10Y*
- —
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VBIIX vs. SCHQ - Expense Ratio Comparison
VBIIX has a 0.15% expense ratio, which is higher than SCHQ's 0.03% 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%.
Return for Risk
VBIIX vs. SCHQ — Risk / Return Rank
VBIIX
SCHQ
VBIIX vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index Fund (VBIIX) 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.
| VBIIX | SCHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | -0.03 | +1.01 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.03 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.04 | +1.53 |
Martin ratioReturn relative to average drawdown | 5.17 | 0.10 | +5.08 |
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
| VBIIX | SCHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | -0.03 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.33 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | -0.25 | +1.09 |
Correlation
The correlation between VBIIX and SCHQ is 0.86, 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
VBIIX vs. SCHQ - Dividend Comparison
VBIIX's dividend yield for the trailing twelve months is around 3.70%, less than SCHQ's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIIX Vanguard Intermediate-Term Bond Index Fund | 3.70% | 3.61% | 3.71% | 2.72% | 2.30% | 2.99% | 2.85% | 2.66% | 2.78% | 2.66% | 2.98% | 3.02% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.73% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VBIIX vs. SCHQ - Drawdown Comparison
The maximum VBIIX drawdown since its inception was -19.32%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for VBIIX and SCHQ.
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Drawdown Indicators
| VBIIX | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.32% | -46.13% | +26.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -8.46% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -40.93% | +22.00% |
Max Drawdown (10Y)Largest decline over 10 years | -19.32% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -36.61% | +33.65% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -26.08% | +23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.88% | -2.91% |
Volatility
VBIIX vs. SCHQ - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index Fund (VBIIX) is 1.62%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 3.46%. This indicates that VBIIX experiences smaller price fluctuations and is considered to be less risky than SCHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIIX | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 3.46% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 5.99% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 10.36% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 14.55% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 15.48% | -10.13% |