HOVLX vs. SCHD
HOVLX (Homestead Funds Value Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - HOVLX is a Large Cap Value Equities fund managed by Homestead, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, HOVLX returned 12.41%/yr vs 12.68%/yr for SCHD. Their correlation of 0.88 suggests significant overlap in exposure. HOVLX charges 0.63%/yr vs 0.06%/yr for SCHD.
Performance
HOVLX vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, HOVLX achieves a 9.53% return, which is significantly lower than SCHD's 17.24% return. Both investments have delivered pretty close results over the past 10 years, with HOVLX having a 12.41% annualized return and SCHD not far ahead at 12.68%.
HOVLX
- 1D
- 0.12%
- 1M
- 1.74%
- YTD
- 9.53%
- 6M
- 8.81%
- 1Y
- 21.94%
- 3Y*
- 16.10%
- 5Y*
- 10.75%
- 10Y*
- 12.41%
SCHD
- 1D
- 0.09%
- 1M
- -2.86%
- YTD
- 17.24%
- 6M
- 16.44%
- 1Y
- 24.06%
- 3Y*
- 14.45%
- 5Y*
- 8.77%
- 10Y*
- 12.68%
HOVLX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 9.53% | 14.60% | 14.29% | 12.03% | -5.67% | 25.09% | 7.74% | 27.72% | -6.52% | 22.22% |
SCHD Schwab U.S. Dividend Equity ETF | 17.24% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between HOVLX and SCHD is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.88 |
Over the past year, the correlation between HOVLX and SCHD has dropped to 0.68 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
HOVLX vs. SCHD — Risk / Return Rank
HOVLX
SCHD
HOVLX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) and Schwab U.S. 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.
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.
| HOVLX | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 5.24 | -2.58 |
| Martin ratioReturn relative to average drawdown | 10.65 | 12.71 | -2.06 |
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Drawdowns
HOVLX vs. SCHD - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.90%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for HOVLX and SCHD.
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Drawdown Indicators
| HOVLX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -33.37% | -24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -4.61% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -16.13% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -16.85% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.08% | -33.37% | -4.71% |
Current DrawdownCurrent decline from peak | -0.87% | -2.86% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -3.31% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.90% | +0.15% |
Volatility
HOVLX vs. SCHD - Volatility Comparison
Homestead Funds Value Fund (HOVLX) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 3.67% and 3.58%, 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.
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Volatility by Period
| HOVLX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.58% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 7.74% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 11.09% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 14.36% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 16.73% | +1.19% |
HOVLX vs. SCHD - Expense Ratio Comparison
HOVLX has a 0.63% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
HOVLX vs. SCHD - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 9.69%, more than SCHD's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 9.69% | 10.62% | 9.71% | 5.75% | 10.54% | 8.65% | 16.55% | 15.30% | 11.01% | 5.34% | 10.00% | 7.22% |
SCHD Schwab U.S. Dividend Equity ETF | 3.31% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
HOVLX and SCHD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOVLX has higher volatility (3.67%) compared to SCHD (3.58%). In terms of maximum drawdown, HOVLX dropped -57.90% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.18 vs 1.92), 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.
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