Comparing the State Street SPDR Portfolio Long Term Corporate Bond ETF (NYSEMKT:SPLB) and the Schwab Long-Term U.S.
Treasury ETF (NYSEMKT:SCHQ) highlights a classic fixed-income trade-off: the higher yield that comes with corporate credit risk vs. the lower default risk of long-term government debt
Both funds target the long end of the maturity curve, but they look for yield in different places. While SPLB tracks investment-grade corporate debt, SCHQ focuses exclusively on U.S. Treasury securities.
That fundamental difference in credit quality shapes their risk profiles and income potential. Snapshot (cost & size) 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.