HOVLX vs. SCHM

Last updated Jun 5, 2026

HOVLX (Homestead Funds Value Fund) and SCHM (Schwab US Mid-Cap ETF) are both funds - HOVLX is a Large Cap Value Equities fund managed by Homestead, while SCHM is a Mid Cap Growth Equities fund tracking the Dow Jones US Total Stock Market Mid-Cap. Over the past 10 years, HOVLX returned 12.21%/yr vs 11.31%/yr for SCHM. Their correlation of 0.90 suggests significant overlap in exposure. HOVLX charges 0.63%/yr vs 0.04%/yr for SCHM.

Performance

HOVLX vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Funds Value Fund (HOVLX) and Schwab US Mid-Cap ETF (SCHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOVLX achieves a 8.24% return, which is significantly lower than SCHM's 19.25% return. Over the past 10 years, HOVLX has outperformed SCHM with an annualized return of 12.21%, while SCHM has yielded a comparatively lower 11.31% annualized return.

HOVLX

• 1D: -0.04%
• 1M: 2.13%
• YTD: 8.24%
• 6M: 9.65%
• 1Y: 21.29%
• 3Y*: 16.61%
• 5Y*: 9.52%
• 10Y*: 12.21%

SCHM

• 1D: 0.17%
• 1M: 3.89%
• YTD: 19.25%
• 6M: 18.98%
• 1Y: 32.97%
• 3Y*: 18.42%
• 5Y*: 8.11%
• 10Y*: 11.31%

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

HOVLX vs. SCHM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOVLX Homestead Funds Value Fund	8.24%	14.60%	14.29%	12.03%	-5.67%	25.09%	7.74%	27.72%	-6.52%	22.22%
SCHM Schwab US Mid-Cap ETF	19.25%	10.17%	11.98%	16.69%	-17.07%	19.36%	15.26%	27.48%	-8.77%	19.60%

Correlation

The correlation between HOVLX and SCHM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011	0.90

The correlation between HOVLX and SCHM has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

HOVLX vs. SCHM — Risk / Return Rank

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

HOVLX

HOVLX Risk / Return Rank: 46
HOVLX Sharpe Ratio Rank: 45
HOVLX Sortino Ratio Rank: 46
HOVLX Omega Ratio Rank: 43
HOVLX Calmar Ratio Rank: 47
HOVLX Martin Ratio Rank: 52

SCHM

SCHM Risk / Return Rank: 68
SCHM Sharpe Ratio Rank: 66
SCHM Sortino Ratio Rank: 66
SCHM Omega Ratio Rank: 62
SCHM Calmar Ratio Rank: 72
SCHM Martin Ratio Rank: 76

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.

HOVLX vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) and Schwab US Mid-Cap ETF (SCHM). 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.

	HOVLX	SCHM	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.13	-0.19
Sortino ratio: Return per unit of downside risk	2.84	2.98	-0.14
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.60	3.55	-0.95
Martin ratio: Return relative to average drawdown	10.45	14.34	-3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOVLX vs. SCHM - Sharpe Ratio Comparison

The current HOVLX Sharpe Ratio is 1.94, which is comparable to the SCHM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of HOVLX and SCHM, 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

	HOVLX	SCHM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.13	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.42	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.55	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.59	+0.02

Drawdowns

HOVLX vs. SCHM - Drawdown Comparison

The maximum HOVLX drawdown since its inception was -57.90%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for HOVLX and SCHM.

Drawdown Indicators

	HOVLX	SCHM	Difference
Max Drawdown Largest peak-to-trough decline	-57.90%	-42.43%	-15.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-9.32%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	-23.27%	+7.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.32%	-26.46%	+7.14%
Max Drawdown (10Y) Largest decline over 10 years	-38.08%	-42.43%	+4.35%
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-6.82%	-5.65%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.31%	-0.26%

Volatility

HOVLX vs. SCHM - Volatility Comparison

The current volatility for Homestead Funds Value Fund (HOVLX) is 2.62%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 4.53%. This indicates that HOVLX experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOVLX	SCHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	4.53%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	11.73%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	15.59%	-4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	19.56%	-4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	20.46%	-2.56%

HOVLX vs. SCHM - Expense Ratio Comparison

HOVLX has a 0.63% expense ratio, which is higher than SCHM's 0.04% expense ratio.

Dividends

HOVLX vs. SCHM - Dividend Comparison

HOVLX's dividend yield for the trailing twelve months is around 9.81%, more than SCHM's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOVLX Homestead Funds Value Fund	9.81%	10.62%	9.71%	5.75%	10.54%	8.65%	16.55%	15.30%	11.01%	5.34%	10.00%	7.22%
SCHM Schwab US Mid-Cap ETF	1.22%	1.46%	1.43%	1.50%	1.67%	1.13%	1.31%	1.48%	1.56%	1.27%	1.51%	1.54%

Frequently Asked Questions

Can I hold both HOVLX and SCHM in my portfolio?

HOVLX and SCHM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOVLX or SCHM?

SCHM has higher volatility (4.53%) compared to HOVLX (2.62%). In terms of maximum drawdown, HOVLX dropped -57.90% vs SCHM's -42.43%.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.13 vs 1.94), 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.