SCHR vs XSVN

SCHRASchwab Intermediate-Term U.S. Treasury ETF

XSVNBBondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

In short

SCHR The belly of the Treasury curve for three basis points. Since 2010, SCHR has tracked the Bloomberg US Treasury 3-10 Year Index: government paper only, no corporate credit, income paid monthly.

XSVN Most Treasury funds hand you a maturity bucket and let duration wander wherever the bond math takes it. XSVN aims at a fixed target instead: an index of US Treasuries held to roughly seven years of duration, for five basis points.

Stated mandate

SCHR The fund seeks to track, before fees and expenses, the total return of an index measuring the intermediate-term U.S. Treasury bond market.

XSVN The fund seeks to track an index composed of U.S. Treasury securities with a duration between 6 and 9 years.

Why people hold it

• SCHR Charges 0.03% a year, a fraction of the 0.15% median for intermediate Treasury funds. In a corner of the market where yields do the heavy lifting, fee drag matters.
• Does exactly what the label says: about 100 US Treasury notes, tracking the Bloomberg US Treasury 3-10 Year Index with very tight fidelity. No credit sleeve, no derivatives detour.schwabassetmanagement.com
• Pays monthly, and it is an actively traded, multi-billion-dollar fund, which puts it among the more established options in the 3-10 year Treasury aisle.
• One of the strongest implementations in its peer group, matching SPTI at the bottom of the fee table and undercutting BBIB and the BondBloxx target-duration funds.

• XSVN Charges 0.05% a year, a third of the typical fee in its intermediate Treasury peer group.
• Duration is the target, not a byproduct. The index holds Treasuries with duration between six and nine years, so rate sensitivity stays anchored as bonds age.
• Has tracked its Bloomberg index closely, one of the tighter implementations among intermediate Treasury funds.
• Pays monthly, and sits in BondBloxx's target-duration lineup, the first suite of duration-specific Treasury ETFs when it launched in 2022.prnewswire.com

Worth knowing

• SCHR Intermediate maturities carry real rate sensitivity. When yields rise, prices on 3-10 year Treasuries fall, and this fund holds the full move.
• Treasuries only. You get no credit spread from corporate or mortgage bonds, which is the point for some investors and a limit for others.schwabassetmanagement.com
• SPTI runs the same 0.03% fee on the same slice of the curve, so the choice often comes down to brokerage plumbing rather than the funds themselves.

• XSVN Seven years of duration swings both ways: prices react more to rate moves than the three- and five-year rungs of the same ladder (XTRE, XFIV).bondbloxxetf.com
• SPTI and SCHR undercut it at 0.03%, though both track maturity buckets rather than pinning duration to a number.
• Volume is moderate rather than heavy, so spreads can run wider than the largest intermediate Treasury funds.

Full SCHR profile⁠

Full XSVN profile⁠