The Schwab Long-Term U.S. Treasury ETF (NYSEMKT:SCHQ) and iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) provide similar exposure to long-dated government debt, though the Schwab fund offers a significantly lower cost profile for long-term holders.
Long-term Treasury bonds are essential tools for managing interest rate risk and hedging equity volatility, particularly during periods of market stress. While both funds target maturities of 20 years or more, investors often weigh the massive liquidity of the iShares fund against the rock-bottom pricing found in the Schwab alternative.
Beta measures price volatility relative to the S&P 500; beta is calculated from monthly returns over the available fund history (up to five years). The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
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