Core Insights - The Schwab Long-Term U.S. Treasury ETF (SCHQ) focuses on U.S. Treasuries, while the State Street SPDR Portfolio Long Term Corporate Bond ETF (SPLB) offers corporate credit risk and a higher yield [1][9] - SCHQ has a lower expense ratio and is more concentrated in government bonds, whereas SPLB provides broader exposure to corporate bonds [4][6] Cost and Size Comparison - SCHQ has an expense ratio of 0.03%, while SPLB has a slightly higher expense ratio of 0.04% [3][4] - As of the latest data, SPLB has a 1-year return of 6.5% compared to SCHQ's 3.6% [3] - SPLB offers a dividend yield of 5.2%, higher than SCHQ's 4.5% [3][4] - SPLB has assets under management (AUM) of $1.2 billion, while SCHQ has $925 million [3] Performance and Risk Comparison - Over the past five years, SPLB experienced a maximum drawdown of 31.8%, while SCHQ had a drawdown of 38.5% [5] - The growth of $1,000 invested over five years would result in $889 for SPLB and $729 for SCHQ [5] Portfolio Composition - SCHQ holds 98 securities, all in U.S. government bonds, reflecting its focus on government debt [6] - SPLB has a much broader portfolio with 2,959 holdings, targeting investment-grade corporate bonds across various sectors [7] Investment Implications - SPLB provides higher yields and diversification, which may mitigate the risks associated with corporate debt [9] - SCHQ is suitable for investors seeking reliable income from U.S. government bonds, but SPLB outperformed SCHQ during the 2022 drawdown [10] - The potential for lower interest rates and improving economic conditions may favor SPLB as a better investment option moving forward [10]