XTRE vs. SCHQ
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds - XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index while SCHQ tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 3 years, XTRE returned 4.11%/yr vs 0.22%/yr for SCHQ. Their 0.75 correlation means they have sometimes moved together and sometimes differently. XTRE charges 0.05%/yr vs 0.03%/yr for SCHQ.
Performance
XTRE vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, XTRE achieves a 0.30% return, which is significantly higher than SCHQ's -2.16% return.
XTRE
- 1D
- 0.18%
- 1M
- 0.05%
- 6M
- 0.27%
- YTD
- 0.30%
- 1Y
- 2.09%
- 3Y*
- 4.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.54%
SCHQ
- 1D
- 0.77%
- 1M
- -2.42%
- 6M
- -2.00%
- YTD
- -2.16%
- 1Y
- -0.79%
- 3Y*
- 0.22%
- 5Y*
- -6.96%
- 10Y*
- —
- ALL TIME*
- -4.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.32M | $14.68M | $18.61M | |
| $3.52M | $3.03M | $2.76M |
XTRE vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 0.30% | 6.05% | 3.05% | 4.44% | 0.00% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -2.16% | 5.50% | -6.44% | 3.43% | -6.17% |
Correlation
The correlation between XTRE and SCHQ is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.75 |
The correlation between XTRE and SCHQ has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
XTRE vs. SCHQ — Risk / Return Rank
XTRE
SCHQ
XTRE vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XTRE | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.11 | +1.48 |
| Martin ratioReturn relative to average drawdown | 3.16 | -0.24 | +3.40 |
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Drawdowns
XTRE vs. SCHQ - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for XTRE and SCHQ.
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Drawdown Indicators
| XTRE | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -46.13% | +43.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -7.05% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | -13.38% | +11.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -0.77% | -37.91% | +37.14% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -26.61% | +25.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 3.25% | -2.59% |
Volatility
XTRE vs. SCHQ - Volatility Comparison
The current volatility for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) is 0.55%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.47%. This indicates that XTRE 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
| XTRE | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 2.47% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 6.34% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 8.43% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 14.42% | -11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 15.20% | -11.92% |
XTRE vs. SCHQ - Expense Ratio Comparison
XTRE has a 0.05% 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%.
Dividends
XTRE vs. SCHQ - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.02%, less than SCHQ's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.89% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 4.02% | 3.85% | 4.19% | 3.97% | 1.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTRE and SCHQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHQ has higher volatility (2.47%) compared to XTRE (0.55%). In terms of maximum drawdown, XTRE dropped -2.89% vs SCHQ's -46.13%.
On 3-year performance, XTRE leads with 4.11% vs 0.22% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, XTRE has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTRE has performed better with a 4.11% return vs 0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHQ is cheaper with a 0.03% expense ratio, compared with 0.05% for XTRE.
SCHQ has the higher dividend yield at 4.89%, compared with 4.02% for XTRE.
XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while SCHQ tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: BondBloxx and Charles Schwab. Their fees differ too: 0.05% for XTRE and 0.03% for SCHQ.
XTRE currently has the higher Sharpe Ratio (1.03 vs -0.09), 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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