FJAN vs. SCHX

Last updated Jun 4, 2026

FJAN (FT Vest U.S. Equity Buffer ETF - January) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - FJAN is a Defined Outcome fund tracking the S&P 500, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 5 years, FJAN returned 11.19%/yr vs 13.29%/yr for SCHX. Their correlation of 0.94 suggests significant overlap in exposure. FJAN charges 0.85%/yr vs 0.03%/yr for SCHX.

Performance

FJAN vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer ETF - January (FJAN) 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, FJAN achieves a 6.51% return, which is significantly lower than SCHX's 10.72% return.

FJAN

• 1D: -0.28%
• 1M: 2.55%
• YTD: 6.51%
• 6M: 7.67%
• 1Y: 18.90%
• 3Y*: 15.10%
• 5Y*: 11.19%
• 10Y*: —

SCHX

• 1D: -0.70%
• 1M: 5.06%
• YTD: 10.72%
• 6M: 10.60%
• 1Y: 27.36%
• 3Y*: 22.38%
• 5Y*: 13.29%
• 10Y*: 15.41%

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

FJAN vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FJAN FT Vest U.S. Equity Buffer ETF - January	6.51%	12.74%	15.24%	21.65%	-3.96%	12.58%
SCHX Schwab U.S. Large-Cap ETF	10.72%	17.46%	24.88%	26.84%	-19.41%	24.84%

Correlation

The correlation between FJAN and SCHX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 20, 2021	0.94

The correlation between FJAN and SCHX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

FJAN vs. SCHX - Sectors Allocation Comparison

Sectors	FJAN	SCHX
Technology	36.2%	37.5%
Financial Services	11.9%	9.9%
Communication Services	10.9%	10.3%
Consumer Cyclical	10.1%	9.7%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.5%
Consumer Defensive	4.9%	4.5%
Energy	3.5%	3.4%
Utilities	2.3%	2.6%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.8%

Return for Risk

FJAN vs. SCHX — Risk / Return Rank

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

FJAN

FJAN Risk / Return Rank: 79
FJAN Sharpe Ratio Rank: 79
FJAN Sortino Ratio Rank: 82
FJAN Omega Ratio Rank: 85
FJAN Calmar Ratio Rank: 65
FJAN Martin Ratio Rank: 83

SCHX

SCHX Risk / Return Rank: 67
SCHX Sharpe Ratio Rank: 68
SCHX Sortino Ratio Rank: 66
SCHX Omega Ratio Rank: 67
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 72

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.

FJAN vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer ETF - January (FJAN) 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.

	FJAN	SCHX	Difference
Sharpe ratio Return per unit of total volatility	2.57	2.29	+0.28
Sortino ratio Return per unit of downside risk	3.70	3.14	+0.56
Omega ratio Gain probability vs. loss probability	1.52	1.41	+0.10
Calmar ratio Return relative to maximum drawdown	3.21	3.05	+0.17
Martin ratio Return relative to average drawdown	16.85	13.85	+3.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJAN vs. SCHX - Sharpe Ratio Comparison

The current FJAN Sharpe Ratio is 2.57, which is comparable to the SCHX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of FJAN 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.

Sharpe Ratios by Period

	FJAN	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.29	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.78	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.85	+0.29

Drawdowns

FJAN vs. SCHX - Drawdown Comparison

The maximum FJAN drawdown since its inception was -13.58%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for FJAN and SCHX.

Drawdown Indicators

	FJAN	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-13.58%	-34.33%	+20.75%
Max Drawdown (1Y) Largest decline over 1 year	-5.91%	-9.02%	+3.11%
Max Drawdown (3Y) Largest decline over 3 years	-12.92%	-19.04%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	-25.41%	+11.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-0.28%	-0.70%	+0.42%
Average Drawdown Average peak-to-trough decline	-2.00%	-3.97%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	1.98%	-0.86%

Volatility

FJAN vs. SCHX - Volatility Comparison

The current volatility for FT Vest U.S. Equity Buffer ETF - January (FJAN) is 1.36%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 2.91%. This indicates that FJAN experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJAN	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	2.91%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	5.81%	9.02%	-3.21%
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	11.99%	-4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.49%	17.12%	-6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	18.15%	-7.76%

FJAN vs. SCHX - Expense Ratio Comparison

FJAN has a 0.85% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

FJAN vs. SCHX - Dividend Comparison

FJAN has not paid dividends to shareholders, while SCHX's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJAN FT Vest U.S. Equity Buffer ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHX Schwab U.S. Large-Cap ETF	1.01%	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 FJAN and SCHX in my portfolio?

With a correlation of 0.95, FJAN and SCHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FJAN or SCHX?

SCHX has higher volatility (2.91%) compared to FJAN (1.36%). In terms of maximum drawdown, FJAN dropped -13.58% vs SCHX's -34.33%.

Which ETF is better, FJAN or SCHX?

On 5-year performance, SCHX leads with 13.29% vs 11.19% for FJAN. On fees, SCHX is cheaper at 0.03% per year. On volatility, FJAN has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJAN or SCHX?

Over the 5-year period, SCHX has performed better with a 13.29% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJAN or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.85% for FJAN.

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

SCHX has the higher dividend yield at 1.01%, compared with 0.00% for FJAN.

What is the main difference between FJAN and SCHX?

FJAN is categorized as Defined Outcome, while SCHX is Large Cap Blend Equities. FJAN tracks S&P 500, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: FT Vest and Charles Schwab. Their fees differ too: 0.85% for FJAN and 0.03% for SCHX.

Which has better risk-adjusted returns?

FJAN currently has the higher Sharpe Ratio (2.57 vs 2.29), 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.