SCHQvsTLTETF Comparison
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Schwab Long-Term U.S. Treasury ETF (SCHQ) and iShares 20+ Year Treasury Bond ETF (TLT) belong to the same industry segment: US Government Bonds. SCHQ's top 1 sector exposures are Sovereign. In contrast, TLT's top sector exposures are Sovereign and Non-Corporate. SCHQ is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.15% for TLT. SCHQ is down -2.49% year-to-date (YTD) with -$21M in YTD flows. TLT performs worse with -2.92% YTD performance, and +$2.57B in YTD flows. Run a side-by-side ETF comparison of SCHQ and TLT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SCHQ vs TLT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCHQ TLT | +5.15%+5.52% | +0.12%+0.02% | -2.49%-2.92% | -4.38%-5.46% | +13.23%+10.71% | -28.85%-33.31% |
| Flows | SCHQ TLT | -$22M-$1.09B | +$139M+$6.07B | -$21M+$2.57B | +$181M+$2.14B | +$548M+$9.21B | +$998M+$49.27B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCHQ TLT | +10.00%+10.83% | +8.83%+9.53% | +11.71%+12.69% | +14.40%+15.42% |
| Max drawdown | SCHQ TLT | -6.49%-6.90% | -11.40%-12.42% | -13.74%-16.55% | -40.97%-43.68% |
| Max drawdown duration | SCHQ TLT | 66d66d | 243d243d | 774d774d | 1790d1790d |
Trading data
SCHQ | TLT | |
Last sale 10/30/2026 at 1:30 PM | $29.78 | $81.84 |
| Previous close 10/29/2026 | $29.68 | $81.49 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SCHQ | TLT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
SCHQ | TLT | |
|---|---|---|
| Last price | $29.78 | $81.84 |
| 1D performance | +0.34% | +0.43% |
| AuM | $931.63 M | $47.52 B |
| E/R | 0.03% | 0.15% |
Characteristics
SCHQ | TLT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | iShares |
| Benchmark | Bloomberg US Long Treasury Index | ICE U.S. Treasury 20+ Year Bond Index |
| N° of holdings | 100 | 48 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2019 | July 22, 2002 |
| ESG | No | No |
Exposure
Countries
SCHQ
USA
98.7%
Other
1.3%
TLT
USA
97.08%
Other
2.92%
Sectors
SCHQ
Sovereign
98.7%
Other
1.3%
TLT
Sovereign
97.07%
Other
2.93%
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Diversification
SCHQ
Total weight of top 15 holdings out of 15
29.79%
TLT
Total weight of top 15 holdings out of 15
56.88%
Top 15 holdings
Data as of September 30, 2026
SCHQ
USA, Bonds 5% 15may2056, USD
2.27%
USA, Bonds 4.75% 15feb2056, USD
2.18%
USA, Bonds 4.75% 15may2055, USD
2.18%
USA, Bonds 4.75% 15aug2055, USD
2.18%
USA, Bonds 4.625% 15may2054, USD
2.14%
USA, Bonds 4.625% 15nov2055, USD
2.14%
USA, Bonds 4.625% 15feb2055, USD
2.14%
USA, Bonds 4.5% 15nov2054, USD
2.09%
USA, Bonds 4.75% 15nov2053, USD
2.05%
USA, Bonds 4.25% 15feb2054, USD
2.01%
USA, Bonds 4.25% 15aug2054, USD
2.01%
USA, Bonds 4.125% 15aug2053, USD
1.79%
USA, Bonds 4% 15nov2052, USD
1.59%
USA, Bonds 1.75% 15aug2041, USD
1.53%
USA, Bonds 3.625% 15feb2053, USD
1.48%
TLT
USA, Bonds 4.75% 15may2055, USD
4.31%
USA, Bonds 4.625% 15may2054, USD
4.11%
USA, Bonds 5% 15may2056, USD
4.05%
USA, Bonds 4.75% 15nov2053, USD
4.01%
USA, Bonds 4.25% 15feb2054, USD
3.91%
USA, Bonds 4.125% 15aug2053, USD
3.90%
USA, Bonds 4.625% 15nov2055, USD
3.87%
USA, Bonds 4.25% 15aug2054, USD
3.86%
USA, Bonds 4.75% 15feb2056, USD
3.86%
USA, Bonds 4.625% 15feb2055, USD
3.83%
USA, Bonds 4.5% 15nov2054, USD
3.82%
USA, Bonds 1.875% 15nov2051, USD
3.67%
USA, Bonds 4.75% 15aug2055, USD
3.44%
USA, Bonds 2% 15aug2051, USD
3.13%
USA, Bonds 3.625% 15may2053, USD
3.11%
Frequently asked questions about SCHQ and TLT
How have the SCHQ and TLT ETFs performed in 2026?
As of October 30, 2026, SCHQ is down -2.49% year-to-date (YTD), while TLT has lost -2.92%. That puts SCHQ better performer ahead so far this year.
Which ETF is attracting more investor money: SCHQ or TLT?
Year-to-date, the SCHQ ETF saw -$21M in flows, compared to +$2.57B for TLT.
Which ETF is more volatile: SCHQ or TLT?
Over the past year, SCHQ had a volatility of 8.83%, while TLT experienced 9.53%.
Which ETF is bigger: SCHQ or TLT?
As of October 30, 2026, SCHQ holds $931.63 M in assets under management (AUM), while TLT manages $47.52 B.
What sectors do the SCHQ and TLT ETFs invest in?
SCHQ leans toward sectors like Sovereign. Meanwhile, TLT focuses on Sovereign.
What are the top holdings of the SCHQ ETF and TLT ETF?
SCHQ top holdings include USA, Bonds 5% 15may2056, USD, USA, Bonds 4.75% 15feb2056, USD and USA, Bonds 4.75% 15may2055, USD. TLT holds in its top three: USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD and USA, Bonds 5% 15may2056, USD.
Which ETF is more diversified: SCHQ or TLT?
SCHQ holds 101 securities with 29.79% of its assets in the top 15. TLT has 48 securities and a top 15 weight of 56.88%.
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