Schwab Long-Term U.S. Treasury ETF (SCHQ) Performance
SCHQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.2% since Dec 31, 2025
- 1 year
- −5.9% total return
- 5 years
- −6.4% a year
- Since first price
- −4.0% a year since 2019
SCHQ trailing returns vs AGG, TLT, SPY
| Period | SCHQ total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.8% | −2.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −3.5% | −5.8% | −1.5% | −3.8% | +7.8% |
| YTD | −3.2% | −6.6% | −1.0% | −3.4% | +12.3% |
| 1 year | −5.9% | −10.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +12.1%+3.9%/yr | −2.0% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −28.2%−6.4%/yr | −40.8% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 10, 2019 | −25.0%−4.0%/yr | −40.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SCHQ vs AGG
From Oct 10, 2019: SCHQ grew to $7,496, AGG to $10,431.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SCHQ returns by calendar year
3 of 6 full years positive. Best 2020 (+17.7%), worst 2022 (−29.4%). 2026 is year to date.
SCHQ annual returns table
| Year | SCHQ | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −3.2% | −11.4% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.5% | −8.5% | +7.2% | +4.3% | +17.7% |
| 2024 | −6.4% | −11.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.4% | −20.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −29.4% | −33.1% | −13.0% | −31.2% | −18.2% |
| 2021 | −4.9% | −14.3% | −1.8% | −4.6% | +28.7% |
| 2020 | +17.7% | −14.8% | +7.5% | +18.2% | +18.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SCHQ largest drawdowns
Now 38.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2020 | −46.1% | Oct 19, 2023 | not yet | 3.2 years | 6.2 years so far |
| Mar 9, 2020 | −14.8% | Mar 18, 2020 | Aug 4, 2020 | 9 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SCHQ risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +0.9% | −7.3% | −4.6% |
| Volatility (annualized) | 12.4% | 13.7% | 13.5% |
| Sharpe ratio | -0.22 | -0.75 | -0.48 |
| Sortino ratio | -0.31 | -0.92 | -0.63 |
| Best month | +9.2% | +9.2% | +9.2% |
| Worst month | −5.9% | −9.0% | −9.0% |
| Best 12 months | +15.3% | +15.3% | +17.7% |
| Worst 12 months | −7.7% | −31.9% | −31.9% |
| Positive months | 56% | 47% | 47% |
| Beta vs S&P 500 | 0.50 | 0.50 | — |
| Correlation with S&P 500 | 0.50 | 0.57 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SCHQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 73 | −31.9% | −5.1% | +17.7% | 33% |
| 3-year (a year) | 49 | −16.2% | −8.4% | +4.1% | 16% |
| 5-year (a year) | 25 | −9.2% | −6.9% | −4.6% | 0% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
SCHQ performance overview
Schwab Long-Term U.S. Treasury ETF (SCHQ) returned −5.9% over the past year and −6.4% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned −4.0% a year, turning $10,000 into about $7,496. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −46.1%, from Aug 4, 2020 to Oct 19, 2023; the fund has not yet regained that high. SCHQ finished 3 of its 6 full calendar years with a gain; the best year was 2020 (+17.7%) and the worst 2022 (−29.4%). Volatility has been 13.5% a year.
Related: SCHQ chart, SCHQ dividends, SCHQ bond profile. See the SCHQ overview for the latest quote and fund facts.
SCHQ performance FAQ
What is the SCHQ return over the past year?
SCHQ returned −5.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.2%.
What is the average annual return of SCHQ?
SCHQ has returned −6.4% a year over 5 years, −4.0% a year since October 10, 2019 (total return, distributions reinvested).
How much would $10,000 invested in SCHQ be worth?
$10,000 invested in SCHQ at its first recorded close on October 10, 2019 would be worth about $7,496 on October 23, 2026 with distributions reinvested.
What was the worst year for SCHQ?
The worst calendar year was 2022, with a total return of −29.4%. The best was 2020 at +17.7%.
What is the biggest drawdown of SCHQ?
The largest peak-to-trough decline was −46.1% between August 4, 2020 and October 19, 2023. It has not yet recovered to that high; it is 38.6% below its peak.
How volatile is SCHQ?
Over the past 3 years SCHQ had an annualized volatility of 12.4% and a Sharpe ratio of -0.22 (excess return over 1–3 month T-bills per unit of risk).