Core Insights - The Schwab Long-Term U.S. Treasury ETF (SCHQ) and Vanguard Long-Term Treasury ETF (VGLT) both target long-duration U.S. government bonds, with VGLT having a larger asset base and longer history, while SCHQ competes on cost and yield [1][7]. Cost and Size Comparison - Both SCHQ and VGLT have an expense ratio of 0.03% and similar yields, with SCHQ at 4.5% and VGLT at 4.4% [3][4]. - As of December 12, 2025, SCHQ has assets under management (AUM) of $1.08 billion, while VGLT has AUM of $14.6 billion [3][7]. Performance and Risk Metrics - Over the past year, SCHQ has returned -3.0% and VGLT has returned -2.9% [3]. - The maximum drawdown over five years for SCHQ is -42.16%, while VGLT is slightly higher at -42.25% [5]. Portfolio Composition - VGLT primarily invests in U.S. Treasury bonds with a dollar-weighted average maturity of 10 to 25 years and holds 96 securities, while SCHQ is newer and smaller with an inception date of 2019 [6][7]. Investor Considerations - Investors seeking a longer performance history may prefer VGLT due to its established track record since 2009, while those comfortable with a newer fund may consider SCHQ for its cost efficiency and similar exposure [10].