FBCV vs. SCHX

Last updated Jul 26, 2026

FBCV (Fidelity Blue Chip Value ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - FBCV is a Large Cap Value Equities fund actively managed by Fidelity, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. FBCV is actively managed, while SCHX is passively managed. Over the past 5 years, FBCV returned 10.08%/yr vs 11.85%/yr for SCHX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FBCV charges 0.57%/yr vs 0.03%/yr for SCHX.

Performance

FBCV vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Value ETF (FBCV) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBCV achieves a 15.36% return, which is significantly higher than SCHX's 8.81% return.

FBCV

• 1D: 1.11%
• 1M: 3.39%
• 6M: 11.91%
• YTD: 15.36%
• 1Y: 26.18%
• 3Y*: 14.66%
• 5Y*: 10.08%
• 10Y*: —
• ALL TIME*: 14.29%

SCHX

• 1D: 0.10%
• 1M: 1.15%
• 6M: 7.57%
• YTD: 8.81%
• 1Y: 16.68%
• 3Y*: 18.94%
• 5Y*: 11.85%
• 10Y*: 14.81%
• ALL TIME*: 14.46%

*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)
FBCV Fidelity Blue Chip Value ETF	$358.69K	$360.89K	$408.68K
SCHX Schwab U.S. Large-Cap ETF	$290.88M	$311.24M	$380.70M

FBCV vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCV Fidelity Blue Chip Value ETF	15.36%	16.36%	10.26%	5.45%	-2.26%	26.18%	17.93%
SCHX Schwab U.S. Large-Cap ETF	8.81%	17.46%	24.88%	26.84%	-19.41%	26.81%	23.27%

Correlation

The correlation between FBCV and SCHX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.74

The correlation between FBCV and SCHX has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

FBCV vs. SCHX - Sectors Allocation Comparison

Sectors	FBCV	SCHX
Financial Services	19.4%	11.7%
Technology	13.3%	36.7%
Healthcare	13.1%	9.2%
Industrials	11.2%	9.4%
Consumer Cyclical	9.9%	9.6%
Consumer Defensive	9.2%	4.6%
Communication Services	9.1%	9.7%
Energy	8.1%	3.1%
Basic Materials	3.9%	1.8%
Utilities	2.1%	2.2%
Real Estate	0.7%	2.1%

Return for Risk

FBCV vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBCV

FBCV Risk / Return Rank: 92
FBCV Sharpe Ratio Rank: 93
FBCV Sortino Ratio Rank: 94
FBCV Omega Ratio Rank: 92
FBCV Calmar Ratio Rank: 89
FBCV Martin Ratio Rank: 92

SCHX

SCHX Risk / Return Rank: 58
SCHX Sharpe Ratio Rank: 58
SCHX Sortino Ratio Rank: 56
SCHX Omega Ratio Rank: 56
SCHX Calmar Ratio Rank: 55
SCHX Martin Ratio Rank: 67

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.

FBCV vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) 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.

	FBCV	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.36	+1.12
Sortino ratio: Return per unit of downside risk	3.63	1.91	+1.72
Omega ratio: Gain probability vs. loss probability	1.45	1.24	+0.20
Calmar ratio: Return relative to maximum drawdown	3.75	1.92	+1.82
Martin ratio: Return relative to average drawdown	15.36	8.16	+7.19

FBCV vs. SCHX - Sharpe Ratio Comparison

The current FBCV Sharpe Ratio is 2.48, which is higher than the SCHX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FBCV and SCHX, 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

FBCV vs. SCHX - Drawdown Comparison

The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for FBCV and SCHX.

Drawdown Indicators

	FBCV	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-34.33%	+18.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-9.02%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	-14.32%	-19.04%	+4.72%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-25.41%	+9.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-0.39%	-2.42%	+2.03%
Average Drawdown Average peak-to-trough decline	-3.38%	-3.95%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.12%	-0.40%

Volatility

FBCV vs. SCHX - Volatility Comparison

Fidelity Blue Chip Value ETF (FBCV) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 2.97% and 3.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCV	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.02%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	9.88%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	12.75%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	17.21%	-3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	18.14%	-3.49%

FBCV vs. SCHX - Expense Ratio Comparison

FBCV has a 0.57% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

FBCV vs. SCHX - Dividend Comparison

FBCV's dividend yield for the trailing twelve months is around 2.49%, more than SCHX's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCV Fidelity Blue Chip Value ETF	2.49%	2.95%	1.75%	1.68%	2.01%	3.13%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHX Schwab U.S. Large-Cap ETF	1.04%	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

Can I hold both FBCV and SCHX in my portfolio?

FBCV and SCHX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBCV or SCHX?

SCHX has higher volatility (3.02%) compared to FBCV (2.97%). In terms of maximum drawdown, FBCV dropped -15.55% vs SCHX's -34.33%.

Which ETF is better, FBCV or SCHX?

On 5-year performance, SCHX leads with 11.85% vs 10.08% for FBCV. On fees, SCHX is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBCV or SCHX?

Over the 5-year period, SCHX has performed better with a 11.85% return vs 10.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBCV or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.57% for FBCV.

Which ETF pays a higher dividend yield, FBCV or SCHX?

FBCV has the higher dividend yield at 2.49%, compared with 1.04% for SCHX.

What is the main difference between FBCV and SCHX?

FBCV is categorized as Large Cap Value Equities, while SCHX is Large Cap Blend Equities. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.57% for FBCV and 0.03% for SCHX.

Which has better risk-adjusted returns?

FBCV currently has the higher Sharpe Ratio (2.48 vs 1.36), 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.