CMI vs. SCHX
CMI (Cummins Inc.) is a stock, while SCHX (Schwab U.S. Large-Cap ETF) is Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Over the past 10 years, CMI returned 22.07%/yr vs 15.06%/yr for SCHX. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
CMI vs. SCHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMI achieves a 33.20% return, which is significantly higher than SCHX's 10.71% return. Over the past 10 years, CMI has outperformed SCHX with an annualized return of 22.07%, while SCHX has yielded a comparatively lower 15.06% annualized return.
CMI
- 1D
- 1.68%
- 1M
- 2.42%
- 6M
- 19.83%
- YTD
- 33.20%
- 1Y
- 101.74%
- 3Y*
- 41.89%
- 5Y*
- 25.90%
- 10Y*
- 22.07%
SCHX
- 1D
- 0.34%
- 1M
- 1.71%
- 6M
- 8.69%
- YTD
- 10.71%
- 1Y
- 21.07%
- 3Y*
- 20.16%
- 5Y*
- 12.57%
- 10Y*
- 15.06%
CMI vs. SCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 33.20% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | 30.50% | 38.04% | -22.06% | 32.74% |
SCHX Schwab U.S. Large-Cap ETF | 10.71% | 17.46% | 24.88% | 26.84% | -19.41% | 26.81% | 20.81% | 31.22% | -4.66% | 21.95% |
Correlation
The correlation between CMI and SCHX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009 | 0.62 |
The correlation between CMI and SCHX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMI vs. SCHX — Risk / Return Rank
CMI
SCHX
CMI vs. SCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Schwab U.S. Large-Cap ETF (SCHX). 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.
| CMI | SCHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.72 | 2.35 | +4.37 |
| Martin ratioReturn relative to average drawdown | 22.31 | 10.05 | +12.26 |
Loading charts...
Drawdowns
CMI vs. SCHX - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for CMI and SCHX.
Loading charts...
Drawdown Indicators
| CMI | SCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -34.33% | -41.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -9.02% | -6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -19.04% | -11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -25.41% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.05% | -34.33% | -9.72% |
Current DrawdownCurrent decline from peak | -7.15% | -0.71% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -3.95% | -18.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.10% | +2.48% |
Volatility
CMI vs. SCHX - Volatility Comparison
Cummins Inc. (CMI) has a higher volatility of 12.79% compared to Schwab U.S. Large-Cap ETF (SCHX) at 3.70%. This indicates that CMI's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMI | SCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.79% | 3.70% | +9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 30.19% | 10.01% | +20.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.53% | 12.66% | +22.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.62% | 17.24% | +11.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.40% | 18.14% | +10.26% |
Dividends
CMI vs. SCHX - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.18%, more than SCHX's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.18% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
SCHX Schwab U.S. Large-Cap ETF | 1.02% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
Frequently Asked Questions
CMI and SCHX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMI has higher volatility (12.79%) compared to SCHX (3.70%). In terms of maximum drawdown, CMI dropped -75.66% vs SCHX's -34.33%.
CMI currently has the higher Sharpe Ratio (2.88 vs 1.67), 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.
Find the right allocation for CMI and SCHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer