BAC vs. SCHG
BAC (Bank of America Corporation) is a stock, while SCHG (Schwab U.S. Large-Cap Growth ETF) is Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Over the past 10 years, BAC returned 18.19%/yr vs 18.50%/yr for SCHG. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
BAC vs. SCHG - Performance Comparison
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Returns By Period
In the year-to-date period, BAC achieves a 3.72% return, which is significantly higher than SCHG's 2.58% return. Both investments have delivered pretty close results over the past 10 years, with BAC having a 18.19% annualized return and SCHG not far ahead at 18.50%.
BAC
- 1D
- 2.31%
- 1M
- 13.79%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
SCHG
- 1D
- 0.12%
- 1M
- -3.66%
- YTD
- 2.58%
- 6M
- 2.96%
- 1Y
- 20.32%
- 3Y*
- 22.68%
- 5Y*
- 14.33%
- 10Y*
- 18.50%
BAC vs. SCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
SCHG Schwab U.S. Large-Cap Growth ETF | 2.58% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
Correlation
The correlation between BAC and SCHG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009 | 0.51 |
The correlation between BAC and SCHG shifts across timeframes, from 0.34 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BAC vs. SCHG — Risk / Return Rank
BAC
SCHG
BAC vs. SCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and Schwab U.S. Large-Cap Growth ETF (SCHG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAC | SCHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.14 | +0.49 |
| Martin ratioReturn relative to average drawdown | 4.21 | 3.78 | +0.43 |
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Drawdowns
BAC vs. SCHG - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.10%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for BAC and SCHG.
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Drawdown Indicators
| BAC | SCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -34.59% | -58.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -16.41% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -23.39% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -34.59% | -12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | -34.59% | -14.36% |
Current DrawdownCurrent decline from peak | -0.36% | -5.33% | +4.97% |
Average DrawdownAverage peak-to-trough decline | -28.30% | -5.20% | -23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 4.96% | +2.00% |
Volatility
BAC vs. SCHG - Volatility Comparison
Bank of America Corporation (BAC) has a higher volatility of 5.49% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.14%. This indicates that BAC's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAC | SCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 5.14% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 12.30% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 15.95% | +5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.89% | 22.33% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.68% | 21.58% | +9.10% |
Dividends
BAC vs. SCHG - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.72%, more than SCHG's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Frequently Asked Questions
BAC and SCHG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (5.49%) compared to SCHG (5.14%). In terms of maximum drawdown, BAC dropped -93.10% vs SCHG's -34.59%.
BAC currently has the higher Sharpe Ratio (1.36 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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