SCHQ vs TLT
Schwab Long-Term U.S. Treasury ETF against iShares 20+ Year Treasury Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
52%
46 shared positions
Fee gap
12 bp
SCHQ is cheaper
1-year return gap
0.9 pts
SCHQ is ahead
Larger fund
TLT
$47.4B
Side by side
| SCHQ | TLT | |
|---|---|---|
| Fund | Schwab Long-Term U.S. Treasury ETF | iShares 20+ Year Treasury Bond ETF |
| Issuer | Schwab | iShares |
| Category | Long-Term Treasury | Long-Term Treasury |
| Expense ratio | 0.03% | 0.15% |
| Assets | $979M | $47.4B |
| Average daily dollar volume | $48M | $3.7B |
| Listed | Oct 9, 2019 | Jul 22, 2002 |
| FrenzyCap score | 89 | 82 |
| 1-month return | −1.8% | −1.8% |
| 3-month return | −3.3% | −3.5% |
| Year to date | −7.8% | −7.9% |
| 1-year return | −11.4% | −12.3% |
| 30-day volatility | 10.4% | 11.1% |
| Worst drawdown, 1 year | −14.9% | −16.2% |
| Trailing 12-month yield | 4.96% | 4.85% |
| Holdings | 100 | 49 |
| Top 10 weight | 21.4% | 39.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | −$129M thru Jun 2026 | −$43M thru May 2026 |
| 30-day implied volatility | — | 13.1% |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
59% of SCHQ · 97% of TLT| Holding | SCHQ | TLT |
|---|---|---|
| United States Treasury 4.75%, due Feb 15, 2056 | 2.21% | 3.87% |
| United States Treasury 4.75%, due Aug 15, 2055 | 2.21% | 3.45% |
| United States Treasury 4.75%, due May 15, 2055 | 2.20% | 4.33% |
| United States Treasury 4.63%, due Nov 15, 2055 | 2.16% | 3.89% |
| United States Treasury 4.63%, due Feb 15, 2055 | 2.16% | 3.85% |
| United States Treasury 4.63%, due May 15, 2054 | 2.16% | 4.13% |
| United States Treasury 4.5%, due Nov 15, 2054 | 2.12% | 3.84% |
| United States Treasury 4.75%, due Nov 15, 2053 | 2.10% | 4.02% |
| United States Treasury 4.25%, due Aug 15, 2054 | 2.03% | 3.88% |
| United States Treasury 4.25%, due Feb 15, 2054 | 2.03% | 3.93% |
| United States Treasury 4.13%, due Aug 15, 2053 | 1.81% | 3.92% |
| United States Treasury 4%, due Nov 15, 2052 | 1.60% | 3.01% |
| United States Treasury 3.63%, due May 15, 2053 | 1.50% | 3.12% |
| United States Treasury 3.63%, due Feb 15, 2053 | 1.49% | 2.62% |
| United States Treasury 2%, due Aug 15, 2051 | 1.38% | 3.15% |
| United States Treasury 1.88%, due Feb 15, 2051 | 1.35% | 2.50% |
| United States Treasury 2.88%, due May 15, 2052 | 1.35% | 1.45% |
| United States Treasury 3%, due Aug 15, 2052 | 1.32% | 1.60% |
| United States Treasury 2.25%, due Feb 15, 2052 | 1.25% | 1.62% |
| United States Treasury 1.88%, due Nov 15, 2051 | 1.25% | 3.70% |
| United States Treasury 1.63%, due Nov 15, 2050 | 1.14% | 2.25% |
| United States Treasury 3.38%, due Nov 15, 2048 | 1.11% | 1.94% |
| United States Treasury 3%, due Feb 15, 2049 | 1.11% | 2.27% |
| United States Treasury 1.38%, due Aug 15, 2050 | 1.09% | 2.37% |
| United States Treasury 3%, due Aug 15, 2048 | 1.05% | 2.42% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SCHQ holdings · TLT holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.