FHOFX vs. SCHD
Compare and contrast key facts about Fidelity Series Large Cap Growth Index Fund (FHOFX) and Schwab US Dividend Equity ETF (SCHD).
FHOFX is managed by Fidelity. It was launched on Aug 17, 2018. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHOFX or SCHD.
Key characteristics
| FHOFX | SCHD | |
|---|---|---|
| YTD Return | 23.70% | 12.56% |
| 1Y Return | 38.19% | 18.96% |
| 3Y Return (Ann) | 10.98% | 7.38% |
| 5Y Return (Ann) | 19.46% | 12.84% |
| Sharpe Ratio | 2.11 | 1.58 |
| Daily Std Dev | 17.24% | 11.80% |
| Max Drawdown | -32.62% | -33.37% |
| Current Drawdown | -2.39% | -0.46% |
Correlation
The correlation between FHOFX and SCHD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHOFX vs. SCHD - Performance Comparison
In the year-to-date period, FHOFX achieves a 23.70% return, which is significantly higher than SCHD's 12.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHOFX vs. SCHD - Expense Ratio Comparison
FHOFX has a 0.00% expense ratio, which is lower than SCHD's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHOFX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and Schwab US Dividend Equity ETF (SCHD). 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.
Dividends
FHOFX vs. SCHD - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 0.66%, less than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.66% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 2.59% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FHOFX vs. SCHD - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FHOFX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FHOFX vs. SCHD - Volatility Comparison
Fidelity Series Large Cap Growth Index Fund (FHOFX) has a higher volatility of 6.14% compared to Schwab US Dividend Equity ETF (SCHD) at 3.07%. This indicates that FHOFX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.