SCHQ vs SPGM
SCHQ vs SPGM
Schwab Long-Term US Treasury ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SCHQ has a lower expense ratio. SPGM delivered stronger 1-year returns. SPGM offers more diversification with 2846 holdings.
Side-by-Side Comparison
| Metric | SCHQ | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $806M | $1.7B | |
| Dividend Yield | 4.73% | 1.80% | |
| Holdings | 98 | 2,985 | |
| YTD Return | -2.55% | +14.76% | |
| 1Y Return | -1.03% | +27.05% | |
| 3Y Return (annualized) | -0.20% | +20.87% | |
| 5Y Return (annualized) | -6.80% | +11.68% | |
| Volatility (annualized) | 13.5% | 13.6% | |
| Max Drawdown | -46.7% | -34.0% | |
| Fund Family | Charles Schwab Asset Management | SPDR State Street Global Advisors | |
| Category | Fixed Income | Equity | |
| Inception | Oct 10, 2019 | Feb 27, 2012 |
SCHQ vs SPGM Performance
Schwab Long-Term US Treasury ETF (SCHQ) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year SCHQ returned -1.03% while SPGM returned +27.05%. Year to date, SCHQ is down 2.55% versus a gain of 14.76% for SPGM.
Over three years, SCHQ compounded at -0.20% per year against +20.87% for SPGM; over five years the annualized figures are -6.80% and +11.68% respectively. Across the full 7-year window we track, SPGM has the edge at +9.92% annualized vs -4.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.5% for SCHQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.7% for SCHQ and -34.0% for SPGM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHQ charges 0.03% per year while SPGM charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, SCHQ currently yields 4.73% against 1.80% for SPGM.
Frequently Asked Questions
Which is cheaper, SCHQ or SPGM?
SCHQ has an expense ratio of 0.03% while SPGM charges 0.09%. SCHQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, SCHQ or SPGM?
Over the past year SCHQ returned -1.03% vs +27.05% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (7 years), SCHQ annualized -4.41% vs +9.92% for SPGM. Past performance does not guarantee future results.
Which is riskier, SCHQ or SPGM?
SPGM has been the more volatile fund at 13.6% annualized versus 13.5% for SCHQ. Worst drawdown: SCHQ -46.7% vs SPGM -34.0%.
Should I hold both SCHQ and SPGM?
SCHQ and SPGM have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHQ or SPGM?
SCHQ yields 4.73% while SPGM yields 1.80%, so SCHQ currently pays the higher dividend yield.
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