CVLC vs. SCHG

Last updated Aug 2, 2026

CVLC (Calvert US Large-Cap Core Responsible Index ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - CVLC is a Large Cap Blend Equities fund tracking the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 3 years, CVLC returned 19.34%/yr vs 21.39%/yr for SCHG. Their correlation of 0.91 means they have usually moved in the same direction. CVLC charges 0.15%/yr vs 0.04%/yr for SCHG.

Performance

CVLC vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Large-Cap Core Responsible Index ETF (CVLC) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVLC achieves a 11.99% return, which is significantly higher than SCHG's 4.99% return.

CVLC

• 1D: 0.62%
• 1M: 0.02%
• 6M: 10.73%
• YTD: 11.99%
• 1Y: 23.51%
• 3Y*: 19.34%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.58%

SCHG

• 1D: 1.12%
• 1M: 0.15%
• 6M: 7.02%
• YTD: 4.99%
• 1Y: 16.16%
• 3Y*: 21.39%
• 5Y*: 13.15%
• 10Y*: 18.27%
• ALL TIME*: 16.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CVLC Calvert US Large-Cap Core Responsible Index ETF	$2.45M	$3.31M	$2.99M
SCHG Schwab U.S. Large-Cap Growth ETF	$247.66M	$249.87M	$339.91M

CVLC vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CVLC Calvert US Large-Cap Core Responsible Index ETF	11.99%	16.13%	24.20%	19.04%
SCHG Schwab U.S. Large-Cap Growth ETF	4.99%	17.50%	34.95%	36.54%

Correlation

The correlation between CVLC and SCHG is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	0.91

The correlation between CVLC and SCHG has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

CVLC vs. SCHG - Sectors Allocation Comparison

Sectors	CVLC	SCHG
Technology	38.1%	44.0%
Financial Services	13.2%	7.7%
Industrials	10.2%	7.6%
Healthcare	10.0%	9.9%
Consumer Cyclical	8.0%	11.2%
Communication Services	7.4%	14.1%
Consumer Defensive	4.7%	1.9%
Real Estate	2.8%	0.6%
Basic Materials	2.6%	1.6%
Utilities	2.3%	0.5%
Energy	0.4%	0.9%

Return for Risk

CVLC vs. SCHG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CVLC

CVLC Risk / Return Rank: 70
CVLC Sharpe Ratio Rank: 71
CVLC Sortino Ratio Rank: 70
CVLC Omega Ratio Rank: 68
CVLC Calmar Ratio Rank: 64
CVLC Martin Ratio Rank: 78

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 33
SCHG Sortino Ratio Rank: 31
SCHG Omega Ratio Rank: 31
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CVLC vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) 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.

	CVLC	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.82	+0.80
Sortino ratio: Return per unit of downside risk	2.28	1.20	+1.08
Omega ratio: Gain probability vs. loss probability	1.29	1.15	+0.14
Calmar ratio: Return relative to maximum drawdown	2.26	0.83	+1.43
Martin ratio: Return relative to average drawdown	9.92	2.62	+7.30

CVLC vs. SCHG - Sharpe Ratio Comparison

The current CVLC Sharpe Ratio is 1.61, which is higher than the SCHG Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of CVLC and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CVLC vs. SCHG - Drawdown Comparison

The maximum CVLC drawdown since its inception was -19.92%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for CVLC and SCHG.

Drawdown Indicators

	CVLC	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-34.59%	+14.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-16.41%	+6.80%
Max Drawdown (3Y) Largest decline over 3 years	-19.92%	-23.39%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-1.05%	-3.10%	+2.05%
Average Drawdown Average peak-to-trough decline	-2.37%	-5.19%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	5.19%	-3.01%

Volatility

CVLC vs. SCHG - Volatility Comparison

The current volatility for Calvert US Large-Cap Core Responsible Index ETF (CVLC) is 3.68%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 4.32%. This indicates that CVLC experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVLC	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	4.32%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	12.90%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	16.67%	-3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	22.42%	-6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	21.59%	-6.04%

CVLC vs. SCHG - Expense Ratio Comparison

CVLC has a 0.15% expense ratio, which is higher than SCHG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CVLC vs. SCHG - Dividend Comparison

CVLC's dividend yield for the trailing twelve months is around 0.92%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVLC Calvert US Large-Cap Core Responsible Index ETF	0.92%	1.02%	1.03%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both CVLC and SCHG in my portfolio?

CVLC and SCHG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVLC or SCHG?

SCHG has higher volatility (4.32%) compared to CVLC (3.68%). In terms of maximum drawdown, CVLC dropped -19.92% vs SCHG's -34.59%.

Which ETF is better, CVLC or SCHG?

On 3-year performance, SCHG leads with 21.39% vs 19.34% for CVLC. On fees, SCHG is cheaper at 0.04% per year. On volatility, CVLC has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVLC or SCHG?

Over the 3-year period, SCHG has performed better with a 21.39% return vs 19.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVLC or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.15% for CVLC.

Which ETF pays a higher dividend yield, CVLC or SCHG?

CVLC has the higher dividend yield at 0.92%, compared with 0.38% for SCHG.

What is the main difference between CVLC and SCHG?

CVLC is categorized as Large Cap Blend Equities, while SCHG is Large Cap Growth Equities. CVLC tracks Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: Calvert and Charles Schwab. Their fees differ too: 0.15% for CVLC and 0.04% for SCHG.

Which has better risk-adjusted returns?

CVLC currently has the higher Sharpe Ratio (1.61 vs 0.82), 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.