Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab Trash, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is May 25, 2021, corresponding to the inception date of SPAXX
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio Schwab Trash | -0.06% | -2.43% | 2.76% | 5.80% | 23.35% | 15.79% | — | — |
| Portfolio components: | ||||||||
SCHH Schwab US REIT ETF | 1.53% | -4.18% | 5.45% | 3.75% | 4.49% | 7.65% | 3.84% | 3.46% |
FNDF Schwab Fundamental International Large Company Index ETF | -0.53% | -1.24% | 8.87% | 17.04% | 40.55% | 20.19% | 12.57% | 11.19% |
FNDA Schwab Fundamental US Small Co. Index ETF | 0.46% | -3.95% | 4.22% | 5.53% | 19.12% | 12.02% | 6.47% | 10.25% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 0.25% | -2.12% | 3.24% | 6.77% | 19.84% | 17.05% | 12.09% | 13.38% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 0.03% | -1.09% | 5.80% | 8.94% | 28.85% | 18.68% | 9.45% | 10.44% |
FNDC Schwab Fundamental International Small Co. Index ETF | -0.66% | -2.95% | 4.85% | 8.39% | 33.80% | 15.76% | 7.40% | 8.67% |
SCHF Schwab International Equity ETF | -0.64% | -2.57% | 3.91% | 9.20% | 29.84% | 16.16% | 8.89% | 9.55% |
SCHC Schwab International Small-Cap Equity ETF | -0.93% | -4.18% | 3.16% | 6.67% | 35.06% | 15.34% | 6.35% | 7.97% |
SCHX Schwab U.S. Large-Cap ETF | 0.08% | -3.34% | -3.63% | -1.84% | 17.21% | 18.46% | 11.31% | 14.06% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.03% | -3.86% | -9.70% | -8.38% | 16.03% | 22.25% | 12.77% | 17.00% |
Monthly Returns
Based on dividend-adjusted daily data since May 26, 2021, Schwab Trash's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, your investment would double in approximately 7.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +8.4%, while the worst month was Sep 2022 at -9.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Schwab Trash closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +7.3%, while the worst single day was Apr 4, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.80% | 3.38% | -5.72% | 0.59% | 2.76% | ||||||||
| 2025 | 2.84% | 0.05% | -1.88% | -0.30% | 4.59% | 4.27% | 0.74% | 3.91% | 2.69% | 1.22% | 1.24% | 1.02% | 22.12% |
| 2024 | -1.38% | 3.28% | 3.37% | -3.02% | 4.01% | 0.23% | 3.33% | 1.58% | 2.58% | -2.56% | 3.30% | -3.75% | 11.04% |
| 2023 | 7.84% | -3.22% | 0.91% | 1.01% | -2.32% | 5.77% | 4.19% | -3.48% | -3.53% | -3.31% | 7.95% | 5.92% | 17.88% |
| 2022 | -2.52% | -2.41% | 0.87% | -6.31% | 1.09% | -7.91% | 5.47% | -3.17% | -9.34% | 6.09% | 8.42% | -3.62% | -14.09% |
| 2021 | 1.17% | 0.33% | -0.62% | 2.07% | -2.81% | 3.62% | -3.26% | 4.27% | 4.57% |
Benchmark Metrics
Schwab Trash has an annualized alpha of 0.59%, beta of 0.79, and R² of 0.84 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.
- This portfolio participated in 84.21% of S&P 500 Index downside but only 79.45% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 0.59%
- Beta
- 0.79
- R²
- 0.84
- Upside Capture
- 79.45%
- Downside Capture
- 84.21%
Expense Ratio
Schwab Trash has an expense ratio of 0.17%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
Schwab Trash ranks 66 for risk / return — better than 66% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.88 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.37 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.39 | +0.68 |
Martin ratioReturn relative to average drawdown | 9.47 | 6.43 | +3.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 18 | 0.28 | 0.49 | 1.07 | 0.40 | 1.55 |
FNDF Schwab Fundamental International Large Company Index ETF | 93 | 2.33 | 3.04 | 1.46 | 3.68 | 14.10 |
FNDA Schwab Fundamental US Small Co. Index ETF | 45 | 0.87 | 1.36 | 1.18 | 1.44 | 5.45 |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 65 | 1.23 | 1.79 | 1.28 | 1.68 | 7.99 |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 78 | 1.63 | 2.20 | 1.33 | 2.11 | 9.26 |
FNDC Schwab Fundamental International Small Co. Index ETF | 90 | 2.14 | 2.92 | 1.43 | 3.02 | 11.45 |
SCHF Schwab International Equity ETF | 82 | 1.69 | 2.32 | 1.34 | 2.63 | 10.00 |
SCHC Schwab International Small-Cap Equity ETF | 88 | 2.02 | 2.69 | 1.40 | 2.85 | 11.19 |
SCHX Schwab U.S. Large-Cap ETF | 52 | 0.94 | 1.45 | 1.22 | 1.48 | 6.81 |
SCHG Schwab U.S. Large-Cap Growth ETF | 35 | 0.72 | 1.19 | 1.17 | 1.04 | 3.47 |
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Dividends
Dividend yield
Schwab Trash provided a 2.43% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.43% | 2.53% | 2.60% | 2.39% | 2.43% | 2.28% | 1.84% | 2.34% | 2.34% | 1.75% | 1.81% | 1.99% |
| Portfolio components: | ||||||||||||
SCHH Schwab US REIT ETF | 2.97% | 3.04% | 3.22% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.64% | 2.22% | 2.81% | 2.48% |
FNDF Schwab Fundamental International Large Company Index ETF | 3.16% | 3.44% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% |
FNDA Schwab Fundamental US Small Co. Index ETF | 1.20% | 1.22% | 1.53% | 1.37% | 1.38% | 1.15% | 1.31% | 1.38% | 1.64% | 1.30% | 1.18% | 1.33% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.61% | 1.63% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.96% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
FNDC Schwab Fundamental International Small Co. Index ETF | 3.68% | 3.86% | 3.59% | 2.86% | 1.98% | 2.58% | 1.77% | 2.71% | 2.68% | 1.94% | 1.95% | 1.30% |
SCHF Schwab International Equity ETF | 3.29% | 3.42% | 3.26% | 2.97% | 2.80% | 3.19% | 2.08% | 2.95% | 3.06% | 2.35% | 2.58% | 2.26% |
SCHC Schwab International Small-Cap Equity ETF | 3.55% | 3.66% | 3.72% | 2.94% | 1.78% | 3.02% | 1.62% | 3.23% | 2.51% | 2.73% | 2.01% | 2.34% |
SCHX Schwab U.S. Large-Cap ETF | 1.16% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.43% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab Trash. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab Trash was 23.57%, occurring on Sep 30, 2022. Recovery took 311 trading sessions.
The current Schwab Trash drawdown is 5.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.57% | Nov 9, 2021 | 225 | Sep 30, 2022 | 311 | Dec 27, 2023 | 536 |
| -14.6% | Feb 19, 2025 | 35 | Apr 8, 2025 | 26 | May 15, 2025 | 61 |
| -8.53% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -7.16% | Jul 17, 2024 | 14 | Aug 5, 2024 | 14 | Aug 23, 2024 | 28 |
| -5.56% | Dec 10, 2024 | 21 | Jan 10, 2025 | 23 | Feb 13, 2025 | 44 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 14 assets, with an effective number of assets of 10.07, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| Benchmark | SPAXX | SCHH | SCHG | FNDE | SPEM | HAUZ | FNDA | SCHA | SCHX | FNDX | FNDF | FNDC | SCHC | SCHF | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.00 | 0.58 | 0.94 | 0.59 | 0.63 | 0.59 | 0.80 | 0.83 | 1.00 | 0.89 | 0.71 | 0.72 | 0.75 | 0.77 | 0.88 |
| SPAXX | 0.00 | 1.00 | 0.05 | -0.01 | -0.07 | -0.06 | -0.02 | -0.02 | -0.03 | -0.00 | 0.02 | -0.05 | -0.02 | -0.00 | -0.04 | -0.03 |
| SCHH | 0.58 | 0.05 | 1.00 | 0.43 | 0.41 | 0.40 | 0.65 | 0.66 | 0.64 | 0.58 | 0.67 | 0.55 | 0.57 | 0.58 | 0.57 | 0.65 |
| SCHG | 0.94 | -0.01 | 0.43 | 1.00 | 0.53 | 0.59 | 0.50 | 0.66 | 0.72 | 0.94 | 0.71 | 0.59 | 0.62 | 0.66 | 0.68 | 0.76 |
| FNDE | 0.59 | -0.07 | 0.41 | 0.53 | 1.00 | 0.94 | 0.68 | 0.59 | 0.59 | 0.60 | 0.61 | 0.78 | 0.76 | 0.77 | 0.77 | 0.80 |
| SPEM | 0.63 | -0.06 | 0.40 | 0.59 | 0.94 | 1.00 | 0.67 | 0.60 | 0.62 | 0.64 | 0.61 | 0.75 | 0.76 | 0.77 | 0.77 | 0.81 |
| HAUZ | 0.59 | -0.02 | 0.65 | 0.50 | 0.68 | 0.67 | 1.00 | 0.64 | 0.63 | 0.60 | 0.64 | 0.79 | 0.83 | 0.83 | 0.81 | 0.77 |
| FNDA | 0.80 | -0.02 | 0.66 | 0.66 | 0.59 | 0.60 | 0.64 | 1.00 | 0.97 | 0.81 | 0.91 | 0.75 | 0.75 | 0.76 | 0.75 | 0.90 |
| SCHA | 0.83 | -0.03 | 0.64 | 0.72 | 0.59 | 0.62 | 0.63 | 0.97 | 1.00 | 0.84 | 0.89 | 0.72 | 0.74 | 0.76 | 0.75 | 0.90 |
| SCHX | 1.00 | -0.00 | 0.58 | 0.94 | 0.60 | 0.64 | 0.60 | 0.81 | 0.84 | 1.00 | 0.89 | 0.71 | 0.73 | 0.76 | 0.78 | 0.89 |
| FNDX | 0.89 | 0.02 | 0.67 | 0.71 | 0.61 | 0.61 | 0.64 | 0.91 | 0.89 | 0.89 | 1.00 | 0.78 | 0.76 | 0.77 | 0.79 | 0.92 |
| FNDF | 0.71 | -0.05 | 0.55 | 0.59 | 0.78 | 0.75 | 0.79 | 0.75 | 0.72 | 0.71 | 0.78 | 1.00 | 0.95 | 0.93 | 0.97 | 0.91 |
| FNDC | 0.72 | -0.02 | 0.57 | 0.62 | 0.76 | 0.76 | 0.83 | 0.75 | 0.74 | 0.73 | 0.76 | 0.95 | 1.00 | 0.97 | 0.95 | 0.90 |
| SCHC | 0.75 | -0.00 | 0.58 | 0.66 | 0.77 | 0.77 | 0.83 | 0.76 | 0.76 | 0.76 | 0.77 | 0.93 | 0.97 | 1.00 | 0.95 | 0.91 |
| SCHF | 0.77 | -0.04 | 0.57 | 0.68 | 0.77 | 0.77 | 0.81 | 0.75 | 0.75 | 0.78 | 0.79 | 0.97 | 0.95 | 0.95 | 1.00 | 0.93 |
| Portfolio | 0.88 | -0.03 | 0.65 | 0.76 | 0.80 | 0.81 | 0.77 | 0.90 | 0.90 | 0.89 | 0.92 | 0.91 | 0.90 | 0.91 | 0.93 | 1.00 |