SCHQ Offers Pure Treasury Focus While SPLB Yields More

2026-02-10 17:26:58 ET

The Schwab Long-Term U.S. Treasury ETF ( NYSEMKT:SCHQ ) and the State Street SPDR Portfolio Long Term Corporate Bond ETF ( NYSEMKT:SPLB ) differ most in their underlying bond exposure, with SPLB offering corporate credit risk and a slightly higher yield. At the same time, SCHQ is more concentrated in U.S. Treasuries and carries lower expenses.

SPLB and SCHQ both aim to provide diversified exposure to long-duration fixed income. Still, their approaches diverge: SPLB holds investment-grade corporate bonds with maturities of 10 years or more, while SCHQ focuses squarely on the long-term U.S. Treasury market. This comparison explores how their costs, returns, risks, and portfolios stack up for investors seeking long-dated bond exposure.

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-year return represents total return over the trailing 12 months.

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