EXLS vs. SCHG

Last updated Aug 4, 2026

EXLS (ExlService Holdings, Inc.) 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, EXLS returned 12.84%/yr vs 18.33%/yr for SCHG. Their 0.48 correlation means their historical movements had little consistent relationship.

Performance

EXLS vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ExlService Holdings, Inc. (EXLS) 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, EXLS achieves a -19.32% return, which is significantly lower than SCHG's 7.11% return. Over the past 10 years, EXLS has underperformed SCHG with an annualized return of 12.84%, while SCHG has yielded a comparatively higher 18.33% annualized return.

EXLS

• 1D: 0.91%
• 1M: 26.72%
• 6M: -13.90%
• YTD: -19.32%
• 1Y: -18.79%
• 3Y*: 7.37%
• 5Y*: 8.31%
• 10Y*: 12.84%
• ALL TIME*: 12.74%

SCHG

• 1D: 2.02%
• 1M: 2.17%
• 6M: 8.95%
• YTD: 7.11%
• 1Y: 18.50%
• 3Y*: 23.37%
• 5Y*: 13.47%
• 10Y*: 18.33%
• ALL TIME*: 16.47%

*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)
EXLS ExlService Holdings, Inc.	$101.19M	$80.01M	$78.67M
SCHG Schwab U.S. Large-Cap Growth ETF	$249.58M	$250.01M	$339.80M

EXLS vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXLS ExlService Holdings, Inc.	-19.32%	-4.37%	43.86%	-8.96%	17.03%	70.06%	22.56%	32.00%	-12.81%	19.65%
SCHG Schwab U.S. Large-Cap Growth ETF	7.11%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between EXLS and SCHG is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.41
Correlation (10Y) Provides a long-term view across more market conditions.	0.45
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.48

Over the past year, the correlation between EXLS and SCHG has dropped to 0.12 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

EXLS vs. SCHG — Risk / Return Rank

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

EXLS

EXLS Risk / Return Rank: 25
EXLS Sharpe Ratio Rank: 23
EXLS Sortino Ratio Rank: 23
EXLS Omega Ratio Rank: 21
EXLS Calmar Ratio Rank: 28
EXLS Martin Ratio Rank: 28

SCHG

SCHG Risk / Return Rank: 39
SCHG Sharpe Ratio Rank: 44
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 41
SCHG Calmar Ratio Rank: 34
SCHG Martin Ratio Rank: 36

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.

EXLS vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ExlService Holdings, Inc. (EXLS) 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.

	EXLS	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	1.12	-1.58
Sortino ratio: Return per unit of downside risk	-0.41	1.59	-2.00
Omega ratio: Gain probability vs. loss probability	0.94	1.20	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.43	1.13	-1.56
Martin ratio: Return relative to average drawdown	-0.76	3.58	-4.34

EXLS vs. SCHG - Sharpe Ratio Comparison

The current EXLS Sharpe Ratio is -0.46, which is lower than the SCHG Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of EXLS 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

EXLS vs. SCHG - Drawdown Comparison

The maximum EXLS drawdown since its inception was -80.93%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for EXLS and SCHG.

Drawdown Indicators

	EXLS	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-80.93%	-34.59%	-46.34%
Max Drawdown (1Y) Largest decline over 1 year	-43.93%	-16.41%	-27.52%
Max Drawdown (3Y) Largest decline over 3 years	-51.31%	-23.39%	-27.92%
Max Drawdown (5Y) Largest decline over 5 years	-51.31%	-34.59%	-16.72%
Max Drawdown (10Y) Largest decline over 10 years	-51.31%	-34.59%	-16.72%
Current Drawdown Current decline from peak	-33.90%	-1.15%	-32.75%
Average Drawdown Average peak-to-trough decline	-17.34%	-5.19%	-12.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.64%	5.19%	+19.45%

Volatility

EXLS vs. SCHG - Volatility Comparison

ExlService Holdings, Inc. (EXLS) has a higher volatility of 20.77% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.76%. This indicates that EXLS'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.

Volatility by Period

	EXLS	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.77%	4.76%	+16.01%
Volatility (6M) Calculated over the trailing 6-month period	37.91%	13.02%	+24.89%
Volatility (1Y) Calculated over the trailing 1-year period	41.12%	16.66%	+24.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.33%	22.45%	+9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.61%	21.60%	+10.01%

Dividends

EXLS vs. SCHG - Dividend Comparison

EXLS has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXLS ExlService Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	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 EXLS and SCHG in my portfolio?

EXLS and SCHG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXLS or SCHG?

EXLS has higher volatility (20.77%) compared to SCHG (4.76%). In terms of maximum drawdown, EXLS dropped -80.93% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.12 vs -0.46), 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.