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CFA vs. SCHK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CFA vs. SCHK

Last updated Jun 25, 2026

CFA (VictoryShares US 500 Volatility Weighted ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - CFA tracks the Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, CFA returned 8.04%/yr vs 12.15%/yr for SCHK. Their correlation of 0.90 suggests significant overlap in exposure. CFA charges 0.35%/yr vs 0.03%/yr for SCHK.

Performance

CFA vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US 500 Volatility Weighted ETF (CFA) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with CFA having a 7.97% return and SCHK slightly higher at 8.17%.

CFA

1D
0.46%
1M
1.74%
YTD
7.97%
6M
6.65%
1Y
13.72%
3Y*
13.68%
5Y*
8.04%
10Y*
11.92%

SCHK

1D
-0.34%
1M
-1.28%
YTD
8.17%
6M
6.80%
1Y
21.87%
3Y*
20.60%
5Y*
12.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CFA vs. SCHK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CFA
VictoryShares US 500 Volatility Weighted ETF		7.97%8.63%15.34%11.85%-11.39%26.09%11.98%30.15%-8.62%6.01%
SCHK
Schwab 1000 Index ETF		8.17%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%

Correlation

The correlation between CFA and SCHK is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2017

0.90

The correlation between CFA and SCHK shifts across timeframes, from 0.73 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

CFA vs. SCHK - Sectors Allocation Comparison

Sectors
CFA
SCHK

Industrials

18.1%
8.9%

Financial Services

17.8%
11.2%

Technology

17.1%
38.0%

Consumer Cyclical

9.6%
9.8%

Healthcare

9.6%
8.4%

Utilities

8.5%
2.1%

Consumer Defensive

6.7%
4.3%

Energy

5.1%
3.2%

Basic Materials

3.6%
1.9%

Communication Services

3.6%
10.1%

Real Estate

0.4%
2.0%

Industrials

CFA
18.1%
SCHK
8.9%

Financial Services

CFA
17.8%
SCHK
11.2%

Technology

CFA
17.1%
SCHK
38.0%

Consumer Cyclical

CFA
9.6%
SCHK
9.8%

Healthcare

CFA
9.6%
SCHK
8.4%

Utilities

CFA
8.5%
SCHK
2.1%

Consumer Defensive

CFA
6.7%
SCHK
4.3%

Energy

CFA
5.1%
SCHK
3.2%

Basic Materials

CFA
3.6%
SCHK
1.9%

Communication Services

CFA
3.6%
SCHK
10.1%

Real Estate

CFA
0.4%
SCHK
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares US 500 Volatility Weighted ETF

Schwab 1000 Index ETF

Often compared with CFA:
CFA vs. BDGSCFA vs. CFOCFA vs. SPYCFA vs. CDCCFA vs. XLGCFA vs. LGLVCFA vs. VONG
Often compared with SCHK:
SCHK vs. SCHBSCHK vs. VOOSCHK vs. SCHXSCHK vs. SCHGSCHK vs. VTISCHK vs. VONGSCHK vs. SCHD

Return for Risk

CFA vs. SCHK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CFA
CFA Risk / Return Rank: 4242
Overall Rank
CFA Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
CFA Sortino Ratio Rank: 4040
Sortino Ratio Rank
CFA Omega Ratio Rank: 3737
Omega Ratio Rank
CFA Calmar Ratio Rank: 4444
Calmar Ratio Rank
CFA Martin Ratio Rank: 4848
Martin Ratio Rank
SCHK
SCHK Risk / Return Rank: 5858
Overall Rank
SCHK Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 5454
Sortino Ratio Rank
SCHK Omega Ratio Rank: 5555
Omega Ratio Rank
SCHK Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHK Martin Ratio Rank: 6666
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFA vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US 500 Volatility Weighted ETF (CFA) and Schwab 1000 Index ETF (SCHK). 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.

CFASCHKDifference
Sharpe ratioReturn per unit of total volatility
1.27
1.72

-0.45

Sortino ratioReturn per unit of downside risk
1.88
2.36

-0.48

Omega ratioGain probability vs. loss probability

1.22

1.31

-0.09

Calmar ratioReturn relative to maximum drawdown

1.93

2.45

-0.52

Martin ratioReturn relative to average drawdown

7.15

10.86

-3.71

CFA vs. SCHK - Sharpe Ratio Comparison

The current CFA Sharpe Ratio is 1.27, which is comparable to the SCHK Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of CFA and SCHK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CFA vs. SCHK - Drawdown Comparison

The maximum CFA drawdown since its inception was -37.74%, which is greater than SCHK's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for CFA and SCHK.

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Drawdown Indicators

CFASCHKDifference

Max Drawdown

Largest peak-to-trough decline

-37.74%

-34.80%

-2.94%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-8.97%

+1.84%

Max Drawdown (3Y)

Largest decline over 3 years

-17.28%

-19.21%

+1.93%

Max Drawdown (5Y)

Largest decline over 5 years

-20.88%

-25.44%

+4.56%

Max Drawdown (10Y)

Largest decline over 10 years

-37.74%

—

—

Current Drawdown

Current decline from peak

-0.57%

-3.31%

+2.74%

Average Drawdown

Average peak-to-trough decline

-4.15%

-5.16%

+1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

2.02%

-0.09%

Volatility

CFA vs. SCHK - Volatility Comparison

The current volatility for VictoryShares US 500 Volatility Weighted ETF (CFA) is 2.94%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.95%. This indicates that CFA experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CFASCHKDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

4.95%

-2.01%

Volatility (6M)

Calculated over the trailing 6-month period

8.07%

10.07%

-2.00%

Volatility (1Y)

Calculated over the trailing 1-year period

10.88%

12.82%

-1.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.08%

17.34%

-2.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.18%

19.12%

-1.94%

CFA vs. SCHK - Expense Ratio Comparison

CFA has a 0.35% expense ratio, which is higher than SCHK's 0.03% expense ratio.

Dividends

CFA vs. SCHK - Dividend Comparison

CFA's dividend yield for the trailing twelve months is around 1.25%, more than SCHK's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
CFA
VictoryShares US 500 Volatility Weighted ETF		1.25%1.29%1.32%1.42%1.59%1.04%1.21%1.35%1.50%1.15%1.37%1.31%
SCHK
Schwab 1000 Index ETF		1.03%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%0.00%0.00%

Frequently Asked Questions

CFA and SCHK have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHK has higher volatility (4.95%) compared to CFA (2.94%). In terms of maximum drawdown, CFA dropped -37.74% vs SCHK's -34.80%.

On 5-year performance, SCHK leads with 12.15% vs 8.04% for CFA. On fees, SCHK is cheaper at 0.03% per year. On volatility, CFA has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SCHK has performed better with a 12.15% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHK is cheaper with a 0.03% expense ratio, compared with 0.35% for CFA.

CFA has the higher dividend yield at 1.25%, compared with 1.03% for SCHK.

CFA tracks Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: VictoryShares and Charles Schwab. Their fees differ too: 0.35% for CFA and 0.03% for SCHK.

SCHK currently has the higher Sharpe Ratio (1.72 vs 1.27), 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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