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SCHZ vs TLT: Performance & Backtest Comparison
SCHZ delivered the higher return - 2.08% CAGR vs 1.98% - over 2011-08-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| SCHZ | TLT | |
|---|---|---|
| Name | Schwab US Aggregate Bond ETF | iShares 20+ Year Treasury Bond ETF |
| CAGR | 2.08% | 1.98% |
| Total return | 35.91% | 33.91% |
| Volatility | 4.58% | 13.64% |
| Max drawdown | -17.34%Oct 2022 | -47.61%Oct 2023 |
| Sharpe | 0.13 | 0.10 |
| Sortino | 0.17 | 0.17 |
| Best year | 8.64% | 27.30% |
| Worst year | -13.17% | -31.24% |
| Final balance | $13,591 | $13,391 |
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 2026-06-30, SCHZ performed better: 2.08% annualized versus 1.98% 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 4.58% annualized volatility and a -17.34% max drawdown, versus 13.64% and -47.61% for TLT.