HBM vs. SCHX

Last updated Jul 16, 2026

HBM (Hudbay Minerals Inc.) is a stock, while SCHX (Schwab U.S. Large-Cap ETF) is Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Over the past 10 years, HBM returned 15.30%/yr vs 15.10%/yr for SCHX. At a 0.45 correlation, their price movements are largely independent.

Performance

HBM vs. SCHX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with HBM having a 10.79% return and SCHX slightly higher at 11.12%. Both investments have delivered pretty close results over the past 10 years, with HBM having a 15.30% annualized return and SCHX not far behind at 15.10%.

HBM

• 1D: -2.31%
• 1M: -23.55%
• 6M: -4.75%
• YTD: 10.79%
• 1Y: 112.82%
• 3Y*: 60.69%
• 5Y*: 27.81%
• 10Y*: 15.30%

SCHX

• 1D: 0.37%
• 1M: 0.33%
• 6M: 9.66%
• YTD: 11.12%
• 1Y: 22.06%
• 3Y*: 20.31%
• 5Y*: 12.81%
• 10Y*: 15.10%

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

HBM vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HBM Hudbay Minerals Inc.	10.79%	145.46%	47.03%	9.24%	-29.87%	3.82%	69.50%	-11.77%	-46.20%	54.77%
SCHX Schwab U.S. Large-Cap ETF	11.12%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	21.95%

Correlation

The correlation between HBM and SCHX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.45

The correlation between HBM and SCHX has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

HBM vs. SCHX — Risk / Return Rank

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

HBM

HBM Risk / Return Rank: 86
HBM Sharpe Ratio Rank: 90
HBM Sortino Ratio Rank: 84
HBM Omega Ratio Rank: 84
HBM Calmar Ratio Rank: 87
HBM Martin Ratio Rank: 88

SCHX

SCHX Risk / Return Rank: 67
SCHX Sharpe Ratio Rank: 67
SCHX Sortino Ratio Rank: 65
SCHX Omega Ratio Rank: 66
SCHX Calmar Ratio Rank: 61
SCHX Martin Ratio Rank: 73

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.

HBM vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) 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.

	HBM	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.75	+0.09
Sortino ratio: Return per unit of downside risk	2.28	2.41	-0.13
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	3.14	2.46	+0.68
Martin ratio: Return relative to average drawdown	8.36	10.53	-2.17

HBM vs. SCHX - Sharpe Ratio Comparison

The current HBM Sharpe Ratio is 1.84, which is comparable to the SCHX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of HBM 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

HBM vs. SCHX - Drawdown Comparison

The maximum HBM drawdown since its inception was -92.21%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for HBM and SCHX.

Drawdown Indicators

	HBM	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-92.21%	-34.33%	-57.88%
Max Drawdown (1Y) Largest decline over 1 year	-36.16%	-9.02%	-27.14%
Max Drawdown (3Y) Largest decline over 3 years	-41.11%	-19.04%	-22.07%
Max Drawdown (5Y) Largest decline over 5 years	-63.33%	-25.41%	-37.92%
Max Drawdown (10Y) Largest decline over 10 years	-86.34%	-34.33%	-52.01%
Current Drawdown Current decline from peak	-31.01%	-0.34%	-30.67%
Average Drawdown Average peak-to-trough decline	-52.32%	-3.95%	-48.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.56%	2.10%	+11.46%

Volatility

HBM vs. SCHX - Volatility Comparison

Hudbay Minerals Inc. (HBM) has a higher volatility of 20.78% compared to Schwab U.S. Large-Cap ETF (SCHX) at 3.69%. This indicates that HBM's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HBM	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.78%	3.69%	+17.09%
Volatility (6M) Calculated over the trailing 6-month period	51.21%	10.02%	+41.19%
Volatility (1Y) Calculated over the trailing 1-year period	61.72%	12.67%	+49.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.93%	17.24%	+38.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.84%	18.13%	+40.71%

Dividends

HBM vs. SCHX - Dividend Comparison

HBM's dividend yield for the trailing twelve months is around 0.10%, less than SCHX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBM Hudbay Minerals Inc.	0.10%	0.07%	0.17%	0.31%	0.32%	0.22%	0.21%	0.36%	0.38%	0.23%	0.35%	0.52%
SCHX Schwab U.S. Large-Cap ETF	1.02%	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 HBM and SCHX in my portfolio?

HBM and SCHX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HBM or SCHX?

HBM has higher volatility (20.78%) compared to SCHX (3.69%). In terms of maximum drawdown, HBM dropped -92.21% vs SCHX's -34.33%.

Which has better risk-adjusted returns?

HBM currently has the higher Sharpe Ratio (1.84 vs 1.75), 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.