SCHQ vs XTEN: Grades, Fees and Holdings Compared

Schwab Long-Term U.S. Treasury ETF

SCHQANYSE Arca

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

XTENBNYSE Arca

Overlap

No data

Expense ratio

SCHQ −0.05pt a year

SCHQ0.03%XTEN0.08%

Avg volume · 30D

SCHQ 3.5×the volume

SCHQ1.08MXTEN311K

3Y return · a year

XTEN +0.6pt

SCHQ+4.3%XTEN+4.9%

SCHQ vs XTEN Performance

Oct 31, 2025 – Oct 30, 2026

−4.3%SCHQ−2.3%XTEN

Expense ratio: SCHQ 0.03%, better; XTEN 0.08%
Fund size: SCHQ $932M; XTEN $1.39B
1Y total return: SCHQ −4.3%; XTEN −2.3%, better
Yield (12M): SCHQ 4.86%, better; XTEN 4.46%
Holdings: SCHQ 102; XTEN 74
Avg volume (30D): SCHQ 1.08M sh, better; XTEN 311K sh
NAV per share: SCHQ $29.81; XTEN $43.94
52W range

ETF.net Grade

Pillar letters and Scores for SCHQ, XTEN, with each pillar’s weight
Pillar	SCHQ	XTEN
Cost30% weight	A84Higher	B62
Mission25% weight	A100Higher	A98
Risk15% weight	D39	B60Higher
Tradability15% weight	B59	B62Higher
Holdings10% weight	A75Higher	D39
Durability5% weight	C53	B57Higher

Rank among Treasuries (10-20 Year) funds

How we build Categories ›

Same Category. SCHQ and XTEN 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 ›

SCHQ ranks 2nd and XTEN 3rd 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
Rank 4BTLHiShares 10-20 Year Treasury Bond ETFScore 60

Our read on each fund

ETF.net Research

SCHQASchwab Long-Term U.S. Treasury ETF

XTENBBondBloxx Bloomberg Ten Year Target Duration US 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.

XTEN Most Treasury ETFs sort bonds by maturity and let duration drift. XTEN blends two duration buckets and rebalances monthly to hold a 10-year duration target, for 0.08% a year.

Stated mandate

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

XTEN The Fund seeks to track an index of U.S. Treasury securities with a duration between 6 and 14 years.

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%).

XTEN Rebalances monthly to a 10-year duration target rather than a maturity window, so the rate exposure you buy is the rate exposure you keep.bondbloxxetf.com sec.gov
Charges 0.08%, gross and net, with no waiver doing the work. That sits near the middle of its 10-20 year Treasury group, below TLH at 0.15% and LLDR at 0.12%.
Has tracked its index closely, one of the tighter implementations in its peer group, and it pays income monthly.
Part of the first ETF family built around target durations instead of maturity ranges, trading since 2022, now a multi-billion-dollar lineup.bondbloxxetf.com

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.

XTEN A 10-year duration target means price moves of roughly 10% for each one-point shift in yields, in either direction.bondbloxxetf.com
SPTL and SCHQ charge 0.03%, cheaper, but they track long maturity ranges, so their duration shifts around with the market.
Treasuries only: no corporate credit exposure, and no spread yield pickup either. It trades less heavily than the category's largest names.

Full SCHQ profile⁠

Full XTEN profile⁠

SCHQ vs XTEN Holdings

How SCHQ and XTEN 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 XTEN.

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

SCHQ20.8%
XTEN34.9%

Securities held

SCHQ102
XTEN73

Asset class

SCHQ: Fixed Income
XTEN: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SCHQ holds 102 securities, XTEN 73.

All 102 SCHQ holdings⁠All XTEN 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 XTEN Cost

Overpaying XTEN vs SCHQ

$1,051

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

SCHQ 0.03%
$638
XTEN 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

SCHQ 0.03%
XTEN 0.08%
Overpaying

Year by year

Year	SCHQ	XTEN	Overpaying
10	$55	$147	$92
20	$216	$575	$359
30	$638	$1,689	$1,051

Expense ratio

0.03%SCHQ, cheaper
0.08%XTEN

SCHQ0.03%XTEN0.08%

0.03%0.25%

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

SCHQ cheapest of 6 funds

XTEN 3rd cheapest of 6 funds

SCHQ vs XTEN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHQ 4.86%, better; XTEN 4.46%
Payout (12M): SCHQ $1.45; XTEN $1.96
Last payment: SCHQ $0.11; XTEN $0.15
Ex-dividend: SCHQ Oct 1, 2026; XTEN Oct 1, 2026
Paid on: SCHQ Oct 7, 2026; XTEN Oct 6, 2026
Frequency: SCHQ Monthly; XTEN Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SCHQMonthly · 45 paymentsAll SCHQ payments⁠

XTENMonthly · 45 paymentsAll XTEN payments⁠

SCHQ vs XTEN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCHQ 12.3%XTEN 8.8%, better
Return per unit of riskSharpe ratio, 3 years: SCHQ 0.04XTEN 0.08, better
Worst fallMax drawdown, 5 years: SCHQ −40.9%XTEN −13.8%since Sep 2022
Market sensitivityBeta, 5 years: SCHQ 2.24XTEN 1.58; Market = 1

Popular comparisons

SCHQAvsSPTLA
Schwab Long-Term U.S. Treasury ETF · State Street SPDR Portfolio Long Term Treasury ETF
Expense ratio
0.03% · 0.03%
Category
XTENBvsSPTLA
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF · State Street SPDR Portfolio Long Term Treasury ETF
Expense ratio
0.08% · 0.03%
Category
SCHQAvsTLHB
Schwab Long-Term U.S. Treasury ETF · iShares 10-20 Year Treasury Bond ETF
Expense ratio
0.03% · 0.15%
Category
XTENBvsTLHB
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF · iShares 10-20 Year Treasury Bond ETF
Expense ratio
0.08% · 0.15%
Category
SCHQAvsLLDRB
Schwab Long-Term U.S. Treasury ETF · Global X Long-Term Treasury Ladder ETF
Expense ratio
0.03% · 0.12%
Category
XTENBvsLLDRB
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF · Global X Long-Term Treasury Ladder ETF
Expense ratio
0.08% · 0.12%
Category