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SCHZ vs TLT: Performance & Backtest Comparison
SCHZ delivered the higher return - 1.87% CAGR vs 1.77% - over 2011-08-31 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| SCHZ | TLT | |
|---|---|---|
| Name | Schwab US Aggregate Bond ETF | iShares 20+ Year Treasury Bond ETF |
| CAGR | 1.87% | 1.77% |
| Total return | 31.94% | 30.04% |
| Volatility | 4.61% | 13.61% |
| Max drawdown | -19.67%Oct 2023 | -48.92%Oct 2023 |
| Sharpe | 0.09 | 0.08 |
| Sortino | 0.11 | 0.15 |
| Best year | 8.65% | 27.30% |
| Worst year | -14.22% | -31.87% |
| Final balance | $13,194 | $13,004 |
Correlation of monthly returns: 0.82. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, SCHZ or TLT?
Over 2011-08-31 to 2026-07-31, SCHZ performed better: 1.87% annualized versus 1.77% for TLT, with dividends reinvested. Past performance does not guarantee future results.
How similar are SCHZ and TLT?
Their monthly returns have a correlation of 0.82 over the common period. SCHZ is Schwab US Aggregate Bond ETF; TLT is iShares 20+ Year Treasury Bond ETF.
Which is riskier, SCHZ or TLT?
Over the common period SCHZ had 4.61% annualized volatility and a -19.67% max drawdown, versus 13.61% and -48.92% for TLT.