SCHQ vs SPTL: Grades, Fees and Holdings Compared

Schwab Long-Term U.S. Treasury ETF

SCHQANYSE Arca

State Street SPDR Portfolio Long Term Treasury ETF

SPTLANYSE Arca

Overlap

No data

Expense ratio

SCHQ0.03%SPTL0.03%

Avg volume · 30D

SPTL 8.3×the volume

SCHQ1.08MSPTL9.02M

5Y return · a year

SCHQ−6.7%SPTL−6.7%

SCHQ vs SPTL Performance

Oct 29, 2021 – Oct 30, 2026

−29.3%SCHQ−29.4%SPTL

Expense ratio: SCHQ 0.03%; SPTL 0.03%
Fund size: SCHQ $932M; SPTL $11.6B
1Y total return: SCHQ −4.3%; SPTL −4.2%, better
Yield (12M): SCHQ 4.86%, better; SPTL 4.38%
Holdings: SCHQ 102; SPTL 102
Avg volume (30D): SCHQ 1.08M sh; SPTL 9.02M sh, better
NAV per share: SCHQ $29.81; SPTL $24.87
52W range

ETF.net Grade

Pillar letters and Scores for SCHQ, SPTL, with each pillar’s weight
Pillar	SCHQ	SPTL
Cost30% weight	A84	A84
Mission25% weight	A100	A100
Risk15% weight	D39	D39
Tradability15% weight	B59	B67Higher
Holdings10% weight	A75	A75
Durability5% weight	C53	A80Higher

Rank among Treasuries (10-20 Year) funds

How we build Categories ›

Same Category. SCHQ and SPTL are both graded against the same 6 Treasuries (10-20 Year) funds, so their Grades compare head to head.

Treasuries (10-20 Year)⁠

Category · 6 funds

See all 6 ›

SPTL ranks 1st and SCHQ 2nd of 6 funds in the Treasuries (10-20 Year) Category.

Rank 1ASPTLState Street SPDR Portfolio Long Term Treasury ETFScore 77
Rank 2ASCHQSchwab Long-Term U.S. Treasury ETFScore 74
Rank 3BXTENBondBloxx Bloomberg Ten Year Target Duration US Treasury ETFScore 67

Our read on each fund

ETF.net Research

SCHQASchwab Long-Term U.S. Treasury ETF

SPTLAState Street SPDR Portfolio Long Term Treasury ETF

In short

SCHQ The long end of the Treasury curve in a three-basis-point wrapper. SCHQ owns only long-dated US government bonds, so interest rates are the whole story here: no credit calls, no stock picking, just duration.

SPTL Pure duration, cheap. SPTL holds every US Treasury with 10 or more years left to run and charges 0.03% to do it. The long end of the curve as a plain building block, running since 2007.

Stated mandate

SCHQ The fund seeks to track, before fees and expenses, an index representing the long-term U.S. Treasury bond market.

SPTL The fund seeks to track, before fees and expenses, the price and yield performance of the Bloomberg Long U.S. Treasury Index.

Why people hold it

SCHQ Charges 0.03% a year against a 0.12% typical fee in its Treasury peer group. On a government bond fund, fees come straight out of the yield you keep.schwabassetmanagement.com
Plain index mandate: it follows the Bloomberg US Long Treasury Index with roughly 100 bonds and no manager discretion, and it distributes monthly.schwabassetmanagement.com
One of the stronger implementations in its Treasury cohort, priced level with the cheapest names on the board (VGIT and SCHP also at 0.03%).

SPTL Three basis points, a quarter of the typical fee among Treasury funds. It is one of State Street's Portfolio ETFs, the suite built as low-cost core exposure.ssga.com
Covers the whole long end, not one slice: roughly 110 Treasuries with 10-plus years to maturity, market-cap weighted and reconstituted at each month's end.ssga.com
A multi-billion-dollar fund that trades very actively, tracks its index closely, and pays monthly. Among the stronger implementations in its Treasury peer group.

Worth knowing

SCHQ Long maturities are the most rate-sensitive corner of the Treasury market. Prices here swing harder when yields move than in short or intermediate funds.schwabassetmanagement.com
Launched in 2019, so its live record is short next to long-Treasury funds that have traded through more rate cycles.

SPTL Long bonds move. State Street notes the fund may be more sensitive to interest rate swings than shorter-duration vehicles, and it sits at the volatile end of Treasury funds.ssga.com
Government paper only. No corporate credit and no inflation adjustment, so peers like VCSH or SCHP cover different ground.

Full SCHQ profile⁠

Full SPTL profile⁠

SCHQ vs SPTL Holdings

How SCHQ and SPTL differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classFixed Income100%
Countryby domicile100%

Sector

No Sector split for SCHQ and SPTL.

Country, concentration and asset class

Country by domicile

Country weights in SCHQ and SPTL, widest gap first
Country	More in SCHQMore in SPTL	SCHQ	SPTL
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

SCHQ20.8%
SPTL21.0%

Securities held

SCHQ102
SPTL101

Asset class

SCHQ: Fixed Income
SPTL: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SCHQ holds 102 securities, SPTL 101.

All 102 SCHQ holdings⁠All 110 SPTL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SCHQ vs SPTL Cost

Same expense ratio

$638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SCHQ 0.03%
$638
SPTL 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SCHQ 0.03%
SPTL 0.03%

Year by year

Year	SCHQ	SPTL
10	$55	$55
20	$216	$216
30	$638	$638

Expense ratio

0.03%SCHQ
0.03%SPTL

SCHQ0.03%SPTL0.03%

0.03%0.25%

Middle half of Treasuries (10-20 Year) funds
Median 0.10%

SCHQ cheapest of 6 funds

SPTL cheapest of 6 funds

SCHQ vs SPTL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHQ 4.86%, better; SPTL 4.38%
Payout (12M): SCHQ $1.45; SPTL $1.10
Last payment: SCHQ $0.11; SPTL $0.09
Ex-dividend: SCHQ Oct 1, 2026; SPTL Oct 1, 2026
Paid on: SCHQ Oct 7, 2026; SPTL Oct 6, 2026
Frequency: SCHQ Monthly; SPTL Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SCHQMonthly · 45 paymentsAll SCHQ payments⁠

SPTLMonthly · 45 paymentsAll SPTL payments⁠

SCHQ vs SPTL Risk

Fall from peak · 5 years

SCHQ
SPTL

Risk facts

VolatilityStd dev, 3 years: SCHQ 12.3%, betterSPTL 12.4%
Return per unit of riskSharpe ratio, 3 years: SCHQ 0.04SPTL 0.04
Worst fallMax drawdown, 5 years: SCHQ −40.9%, betterSPTL −41.0%
Market sensitivityBeta, 5 years: SCHQ 2.24SPTL 2.25; Market = 1

SCHQ and SPTL in the news

All news⁠

Price vs Value
Bond ETF premiums widened on Columbus Day, then narrowed
Oct 18, 2026SPTL
ETF Filings
Amplify files to house Fairlead's $305 million TACK, fee still blank
Sep 9, 2026SPTL

Popular comparisons

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Expense ratio
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Schwab Long-Term U.S. Treasury ETF · iShares 10-20 Year Treasury Bond ETF
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Expense ratio
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Expense ratio
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Category

SCHQ vs SPTL

In short

Stated mandate

Why people hold it

Worth knowing

How SCHQ and SPTL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Bond ETF premiums widened on Columbus Day, then narrowed

Amplify files to house Fairlead's $305 million TACK, fee still blank

How SCHQ and SPTL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings