TLTvsSCHOETF Comparison

ETF 1

TLT

iShares 20+ Year Treasury Bond ETF

This fund is part of

US Government Bonds

-0.1%

Full TLT fund page

ETF 2

SCHO

Schwab Short-Term U.S. Treasury ETF

This fund is part of

US Government Bonds

-0.1%

Full SCHO fund page

iShares 20+ Year Treasury Bond ETF (TLT) and Schwab Short-Term U.S. Treasury ETF (SCHO) belong to the same industry segment: US Government Bonds. TLT's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, SCHO's top sector exposures are Sovereign. TLT is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.03% for SCHO. TLT is down -2.43% year-to-date (YTD) with +$3.86B in YTD flows. SCHO performs better with 1.61% YTD performance, and +$3.46B in YTD flows. Run a side-by-side ETF comparison of TLT and SCHO 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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TLT vs SCHO performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 11/06/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TLT SCHO	+6.45%+0.94%	+0.47%+0.70%	-2.43%+1.61%	-4.46%+2.27%	+7.27%+13.14%	-34.08%+11.00%
Flows	TLT SCHO	-$1.43B+$198M	+$7.95B+$2.78B	+$3.86B+$3.46B	+$2.96B+$4.32B	+$10.16B+$3.51B	+$50.92B+$7.16B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TLT SCHO	+10.79%+1.48%	+9.48%+1.29%	+12.56%+1.55%	+15.40%+1.97%
Max drawdown	TLT SCHO	-6.90%-0.91%	-12.42%-0.91%	-16.55%-0.96%	-43.68%-5.35%
Max drawdown duration	TLT SCHO	73d64d	250d64d	781d122d	1797d793d

Trading data

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	TLT	SCHO
Last sale 11/6/2026 at 2:30 PM	$81.92	$23.98
Previous close 11/04/2026	$81.93	$24.00
Consolidated volume 11/04/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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	TLT	SCHO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 11/6/2026 at 2:30 PM

Live

Closed

	TLT	SCHO
Last price	$81.92	$23.98
1D performance	-0.01%	-0.08%
AuM	$48.86 B	$15.61 B
E/R	0.15%	0.03%

Characteristics

	TLT	SCHO
Management strategy	Passive	Passive
Provider	iShares	Schwab ETFs
Benchmark	ICE U.S. Treasury 20+ Year Bond Index	Bloomberg US Treasury 1-3 Year Index
N° of holdings	48	95
Asset class	Fixed Income	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	July 22, 2002	August 5, 2010
ESG	No	No

More TLT data on Trackinsight

More SCHO data on Trackinsight

Exposure

Countries

TLT

USA

97.08%

Other

2.92%

SCHO

USA

97.5%

Other

2.5%

Sectors

TLT

Sovereign

97.07%

Other

2.93%

SCHO

Sovereign

97.5%

Other

2.5%

Diversification

TLT

Total weight of top 15 holdings out of 15

56.88%

SCHO

Total weight of top 15 holdings out of 15

21.2%

Top 15 holdings

Data as of September 30, 2026

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%

SCHO

USA, Notes 3.5% 31jan2028, USD (U-2028)

2.20%

USA, Notes 4.625% 30apr2029, USD (Y-2029)

1.37%

USA, Notes 3.5% 30sep2027, USD (BH-2027)

1.36%

USA, Notes 4.25% 31jul2028, USD (BE-2028)

1.36%

USA, Notes 4.5% 31may2029, USD (Z-2029)

1.36%

USA, Notes 4.125% 30jun2028, USD (BD-2028)

1.36%

USA, Notes 3.875% 31mar2028, USD (AZ-2028)

1.36%

USA, Notes 4% 31may2028, USD (BC-2028)

1.36%

US91282CRH69

1.36%

USA, Notes 3.375% 30nov2027, USD (BL-2027)

1.36%

USA, Notes 3.75% 30apr2028, USD (BA-2028)

1.35%

USA, Notes 3.375% 31dec2027, USD (BM-2027)

1.35%

USA, Notes 4.25% 30jun2029, USD (AA-2029)

1.35%

USA, Notes 3.375% 29feb2028, USD (AY-2028)

1.35%

USA, Notes 4% 31jul2029, USD (AB-2029)

1.34%

Frequently asked questions about TLT and SCHO

How have the TLT and SCHO ETFs performed in 2026?

As of November 6, 2026, TLT is down -2.43% year-to-date (YTD), while SCHO has returned 1.61%. That puts SCHO better performer ahead so far this year.

Which ETF is attracting more investor money: TLT or SCHO?

Year-to-date, the TLT ETF saw +$3.86B in flows, compared to +$3.46B for SCHO.

Which ETF is more volatile: TLT or SCHO?

Over the past year, TLT had a volatility of 9.48%, while SCHO experienced 1.29%.

Which ETF is bigger: TLT or SCHO?

As of November 6, 2026, TLT holds $48.86 B in assets under management (AUM), while SCHO manages $15.61 B.

What sectors do the TLT and SCHO ETFs invest in?

TLT leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.

What are the top holdings of the TLT ETF and SCHO ETF?

TLT top holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD and USA, Bonds 5% 15may2056, USD. SCHO holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 3.5% 30sep2027, USD (BH-2027).

TLTvsSCHOETF Comparison

iShares 20+ Year Treasury Bond ETF

Schwab Short-Term U.S. Treasury ETF

TLT vs SCHO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TLT and SCHO ETFs performed in 2026?

As of November 6, 2026, TLT is down -2.43% year-to-date (YTD), while SCHO has returned 1.61%. That puts SCHO better performer ahead so far this year.

Which ETF is attracting more investor money: TLT or SCHO?

Year-to-date, the TLT ETF saw +$3.86B in flows, compared to +$3.46B for SCHO.

Which ETF is more volatile: TLT or SCHO?

Over the past year, TLT had a volatility of 9.48%, while SCHO experienced 1.29%.

Which ETF is bigger: TLT or SCHO?

As of November 6, 2026, TLT holds $48.86 B in assets under management (AUM), while SCHO manages $15.61 B.

What sectors do the TLT and SCHO ETFs invest in?

TLT leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.

What are the top holdings of the TLT ETF and SCHO ETF?

TLT top holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD and USA, Bonds 5% 15may2056, USD. SCHO holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 3.5% 30sep2027, USD (BH-2027).

Which ETF is more diversified: TLT or SCHO?

TLT holds 48 securities with 56.88% of its assets in the top 15. SCHO has 96 securities and a top 15 weight of 21.2%.

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