SCHQ vs TLTI
Schwab Long-Term US Treasury ETF vs NEOS Enhanced Income 20+ Year Treasury Bond ETF
Which is better, SCHQ or TLTI?
Nearly the same fund. SCHQ costs less.
SCHQ has a lower expense ratio. SCHQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHQ | TLTI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.58% |
| AUM | $963M | $20M |
| Dividend Yield | 5.16% | 6.66% |
| Holdings | 102 | 8 |
| YTD Return | -5.74%Best | -9.32% |
| 1Y Return | -7.97%Best | -12.09% |
| 3Y Return (annualized) | +2.08% | - |
| 5Y Return (annualized) | -7.27% | - |
| Volatility (annualized) | 8.7%Best | 9.7% |
| Max Drawdown | -11.4%Best | -14.9% |
| $10,000 over 1.8 years | $9,463Best | $8,992 |
| Fund Family | Charles Schwab Asset Management | NEOS |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Government Bond | Long Term Government Bond |
| Inception | Oct 10, 2019 | Dec 12, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 11, 2024 to Oct 14, 2026 (1.8 years).
SCHQ vs TLTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
SCHQ vs TLTI Performance
Schwab Long-Term US Treasury ETF (SCHQ) is an ETF from Charles Schwab Asset Management and NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) is an ETF from NEOS. Over the past year SCHQ returned -7.97% while TLTI returned -12.09%. Year to date, SCHQ is down 5.74% versus a loss of 9.32% for TLTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TLTI has been the more volatile fund, with annualized monthly volatility of 9.7% compared with 8.7% for SCHQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.4% for SCHQ and -14.9% for TLTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHQ charges 0.03% per year while TLTI charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, SCHQ currently yields 5.16% against 6.66% for TLTI.
You are not choosing between two funds in isolation.
Whichever of SCHQ and TLTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHQ or TLTI?
SCHQ has an expense ratio of 0.03% while TLTI charges 0.58%. SCHQ is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, SCHQ or TLTI?
Over the past year SCHQ returned -7.97% vs -12.09% for TLTI, so SCHQ leads on 1-year performance. Over the longest common window we track (2 years), SCHQ annualized -3.02% vs -5.73% for TLTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHQ or TLTI?
TLTI has been the more volatile fund at 9.7% annualized versus 8.7% for SCHQ. Worst drawdown: SCHQ -11.4% vs TLTI -14.9%.
Should I hold both SCHQ and TLTI?
SCHQ and TLTI have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SCHQ or TLTI?
SCHQ yields 5.16% while TLTI yields 6.66%, so TLTI currently pays the higher dividend yield.
Is TLTI better than SCHQ?
SCHQ has a lower expense ratio. SCHQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.