FCPI vs. SCHK

Last updated Aug 2, 2026

FCPI (Fidelity Stocks for Inflation ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - FCPI tracks the Fidelity Stocks for Inflation Factor Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, FCPI returned 14.10%/yr vs 12.06%/yr for SCHK. Their correlation of 0.90 means they have usually moved in the same direction. FCPI charges 0.15%/yr vs 0.03%/yr for SCHK.

Performance

FCPI vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stocks for Inflation ETF (FCPI) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPI achieves a 11.28% return, which is significantly higher than SCHK's 10.36% return.

FCPI

• 1D: 0.26%
• 1M: 1.02%
• 6M: 8.69%
• YTD: 11.28%
• 1Y: 19.25%
• 3Y*: 19.70%
• 5Y*: 14.10%
• 10Y*: —
• ALL TIME*: 14.51%

SCHK

• 1D: 0.61%
• 1M: 0.08%
• 6M: 8.83%
• YTD: 10.36%
• 1Y: 21.37%
• 3Y*: 19.19%
• 5Y*: 12.06%
• 10Y*: —
• ALL TIME*: 14.45%

*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)
FCPI Fidelity Stocks for Inflation ETF	$1.69M	$1.26M	$987.10K
SCHK Schwab 1000 Index ETF	$28.76M	$27.18M	$27.56M

FCPI vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCPI Fidelity Stocks for Inflation ETF	11.28%	16.24%	25.54%	15.40%	-7.11%	34.19%	2.19%	4.26%
SCHK Schwab 1000 Index ETF	10.36%	17.23%	24.48%	26.63%	-19.51%	26.17%	20.75%	5.31%

Correlation

The correlation between FCPI and SCHK 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 (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.90

The correlation between FCPI and SCHK has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

FCPI vs. SCHK - Sectors Allocation Comparison

Sectors	FCPI	SCHK
Technology	31.9%	36.7%
Healthcare	12.1%	9.2%
Energy	7.7%	3.1%
Consumer Defensive	7.5%	4.5%
Financial Services	7.0%	11.8%
Industrials	5.5%	9.5%
Basic Materials	5.3%	1.9%
Consumer Cyclical	4.7%	9.6%
Real Estate	4.4%	2.2%
Communication Services	4.4%	9.4%
Utilities	2.1%	2.2%

Return for Risk

FCPI vs. SCHK — Risk / Return Rank

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

FCPI

FCPI Risk / Return Rank: 63
FCPI Sharpe Ratio Rank: 60
FCPI Sortino Ratio Rank: 59
FCPI Omega Ratio Rank: 57
FCPI Calmar Ratio Rank: 66
FCPI Martin Ratio Rank: 73

SCHK

SCHK Risk / Return Rank: 65
SCHK Sharpe Ratio Rank: 65
SCHK Sortino Ratio Rank: 62
SCHK Omega Ratio Rank: 62
SCHK Calmar Ratio Rank: 63
SCHK Martin Ratio Rank: 75

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.

FCPI vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stocks for Inflation ETF (FCPI) 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.

	FCPI	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.48	-0.06
Sortino ratio: Return per unit of downside risk	1.99	2.06	-0.07
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	2.28	2.17	+0.12
Martin ratio: Return relative to average drawdown	8.96	9.29	-0.33

FCPI vs. SCHK - Sharpe Ratio Comparison

The current FCPI Sharpe Ratio is 1.42, which is comparable to the SCHK Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FCPI 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.

Drawdowns

FCPI vs. SCHK - Drawdown Comparison

The maximum FCPI drawdown since its inception was -37.26%, which is greater than SCHK's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for FCPI and SCHK.

Drawdown Indicators

	FCPI	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-34.80%	-2.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-8.97%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-19.21%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	-25.44%	+7.19%
Current Drawdown Current decline from peak	-0.23%	-1.35%	+1.12%
Average Drawdown Average peak-to-trough decline	-4.30%	-5.12%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.09%	-0.09%

Volatility

FCPI vs. SCHK - Volatility Comparison

The current volatility for Fidelity Stocks for Inflation ETF (FCPI) is 3.27%, while Schwab 1000 Index ETF (SCHK) has a volatility of 3.51%. This indicates that FCPI 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.

Volatility by Period

	FCPI	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.51%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	10.29%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	13.13%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	17.34%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	19.04%	+0.96%

FCPI vs. SCHK - Expense Ratio Comparison

FCPI has a 0.15% expense ratio, which is higher than SCHK's 0.03% 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

FCPI vs. SCHK - Dividend Comparison

FCPI's dividend yield for the trailing twelve months is around 1.60%, more than SCHK's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCPI Fidelity Stocks for Inflation ETF	1.60%	1.74%	1.29%	1.88%	1.77%	1.19%	3.53%	0.43%	0.00%	0.00%
SCHK Schwab 1000 Index ETF	1.04%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both FCPI and SCHK in my portfolio?

FCPI and SCHK 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, FCPI or SCHK?

SCHK has higher volatility (3.51%) compared to FCPI (3.27%). In terms of maximum drawdown, FCPI dropped -37.26% vs SCHK's -34.80%.

Which ETF is better, FCPI or SCHK?

On 5-year performance, FCPI leads with 14.10% vs 12.06% for SCHK. On fees, SCHK is cheaper at 0.03% per year. On volatility, FCPI has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCPI or SCHK?

Over the 5-year period, FCPI has performed better with a 14.10% return vs 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCPI or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.15% for FCPI.

Which ETF pays a higher dividend yield, FCPI or SCHK?

FCPI has the higher dividend yield at 1.60%, compared with 1.04% for SCHK.

What is the main difference between FCPI and SCHK?

FCPI tracks Fidelity Stocks for Inflation Factor Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.15% for FCPI and 0.03% for SCHK.

Which has better risk-adjusted returns?

SCHK currently has the higher Sharpe Ratio (1.48 vs 1.42), 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.