Both funds track long-duration U.S. Treasuries with matching expense ratios but differ slightly in yield and bond selection.
Vanguard’s VGLT and Schwab’s SCHQ provide nearly identical exposure to long-term U.S. government debt, each charging a 0.03% expense ratio. The funds target bonds with at least 10 years to maturity, making them highly sensitive to interest rate movements.
Both ETFs track similar portfolios but show minor differences: SCHQ yields 4.9%, slightly above VGLT’s 4.8%. VGLT holds 102 positions, launched in 2009, while SCHQ’s structure mirrors it closely. Their beta, measured against the S&P 500, reflects comparable volatility.
Investors use these funds to hedge against falling rates or economic uncertainty, given their focus on the long end of the yield curve.