XTWY vs. SCHQ
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and SCHQ (Schwab Long-Term U.S. Treasury ETF) are both Government Bonds funds - XTWY tracks the Bloomberg US Treasury 20 Year Target Duration Index while SCHQ tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 3 years, XTWY returned -3.43%/yr vs -0.63%/yr for SCHQ. Their 0.98 correlation means they have historically moved very closely together. XTWY charges 0.12%/yr vs 0.03%/yr for SCHQ.
Performance
XTWY vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, XTWY achieves a -4.63% return, which is significantly lower than SCHQ's -3.25% return.
XTWY
- 1D
- -0.90%
- 1M
- -5.01%
- 6M
- -4.62%
- YTD
- -4.63%
- 1Y
- -4.02%
- 3Y*
- -3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.67%
SCHQ
- 1D
- -0.63%
- 1M
- -3.51%
- 6M
- -3.16%
- YTD
- -3.25%
- 1Y
- -1.68%
- 3Y*
- -0.63%
- 5Y*
- -7.05%
- 10Y*
- —
- ALL TIME*
- -4.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.09M | $14.21M | $18.95M | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 2.52% | -10.25% | 2.73% | -7.81% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -3.25% | 5.50% | -6.44% | 3.43% | -6.17% |
Correlation
The correlation between XTWY and SCHQ is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.98 |
The correlation between XTWY and SCHQ has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
XTWY vs. SCHQ — Risk / Return Rank
XTWY
SCHQ
XTWY vs. SCHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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.
| XTWY | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.00 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.04 | -0.22 |
| Martin ratioReturn relative to average drawdown | -0.57 | -0.10 | -0.47 |
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Drawdowns
XTWY vs. SCHQ - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for XTWY and SCHQ.
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Drawdown Indicators
| XTWY | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -46.13% | +20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -7.05% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -13.38% | -4.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -18.88% | -38.61% | +19.73% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -26.60% | +14.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 3.20% | +1.39% |
Volatility
XTWY vs. SCHQ - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to Schwab Long-Term U.S. Treasury ETF (SCHQ) at 2.24%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier 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
| XTWY | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.24% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 6.30% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 8.50% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 14.41% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 15.20% | +2.21% |
XTWY vs. SCHQ - Expense Ratio Comparison
XTWY has a 0.13% 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
XTWY vs. SCHQ - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, which matches SCHQ's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.50% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.49% | 4.56% | 4.65% | 3.86% | 1.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, XTWY and SCHQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
XTWY has higher volatility (3.06%) compared to SCHQ (2.24%). In terms of maximum drawdown, XTWY dropped -25.92% vs SCHQ's -46.13%.
On 3-year performance, SCHQ leads with -0.63% vs -3.43% for XTWY. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHQ has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHQ has performed better with a -0.63% return vs -3.43%. 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 0.12% for XTWY.
XTWY and SCHQ have nearly identical dividend yields, around 4.49%.
XTWY tracks Bloomberg US Treasury 20 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: 0.12% for XTWY and 0.03% for SCHQ.
SCHQ currently has the higher Sharpe Ratio (-0.04 vs -0.23), 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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