HOVLX vs. SCHV
HOVLX (Homestead Funds Value Fund) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds. Over the past 10 years, HOVLX returned 12.66%/yr vs 12.25%/yr for SCHV. Their correlation of 0.94 suggests significant overlap in exposure. HOVLX charges 0.63%/yr vs 0.04%/yr for SCHV.
Performance
HOVLX vs. SCHV - Performance Comparison
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Returns By Period
In the year-to-date period, HOVLX achieves a 9.08% return, which is significantly lower than SCHV's 18.75% return. Both investments have delivered pretty close results over the past 10 years, with HOVLX having a 12.66% annualized return and SCHV not far behind at 12.25%.
HOVLX
- 1D
- -0.19%
- 1M
- 0.89%
- YTD
- 9.08%
- 6M
- 7.75%
- 1Y
- 19.75%
- 3Y*
- 16.51%
- 5Y*
- 10.03%
- 10Y*
- 12.66%
SCHV
- 1D
- 1.43%
- 1M
- 4.17%
- YTD
- 18.75%
- 6M
- 17.40%
- 1Y
- 30.47%
- 3Y*
- 19.36%
- 5Y*
- 11.33%
- 10Y*
- 12.25%
HOVLX vs. SCHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 9.08% | 14.60% | 14.29% | 12.03% | -5.67% | 25.09% | 7.74% | 27.72% | -6.52% | 22.22% |
SCHV Schwab U.S. Large-Cap Value ETF | 18.75% | 16.02% | 14.13% | 8.93% | -7.65% | 25.58% | 2.64% | 25.92% | -7.30% | 16.56% |
Correlation
The correlation between HOVLX and SCHV is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009 | 0.94 |
The correlation between HOVLX and SCHV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
HOVLX vs. SCHV — Risk / Return Rank
HOVLX
SCHV
HOVLX vs. SCHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) and Schwab U.S. Large-Cap Value ETF (SCHV). 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 | SCHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.48 | -2.13 |
| Martin ratioReturn relative to average drawdown | 9.39 | 17.98 | -8.59 |
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Drawdowns
HOVLX vs. SCHV - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.90%, which is greater than SCHV's maximum drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for HOVLX and SCHV.
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Drawdown Indicators
| HOVLX | SCHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -37.08% | -20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -6.83% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -15.26% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -19.78% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.08% | -37.08% | -1.00% |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -3.82% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.70% | +0.36% |
Volatility
HOVLX vs. SCHV - Volatility Comparison
The current volatility for Homestead Funds Value Fund (HOVLX) is 3.72%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 4.31%. This indicates that HOVLX experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOVLX | SCHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 4.31% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 8.82% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 11.17% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 14.55% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.94% | +0.94% |
HOVLX vs. SCHV - Expense Ratio Comparison
HOVLX has a 0.63% expense ratio, which is higher than SCHV's 0.04% expense ratio.
Dividends
HOVLX vs. SCHV - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 9.73%, more than SCHV's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 9.73% | 10.62% | 9.71% | 5.75% | 10.54% | 8.65% | 16.55% | 15.30% | 11.01% | 5.34% | 10.00% | 7.22% |
SCHV Schwab U.S. Large-Cap Value ETF | 1.75% | 2.02% | 2.25% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 2.65% | 2.69% |
Frequently Asked Questions
With a correlation of 0.93, HOVLX and SCHV 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.
SCHV has higher volatility (4.31%) compared to HOVLX (3.72%). In terms of maximum drawdown, HOVLX dropped -57.90% vs SCHV's -37.08%.
SCHV currently has the higher Sharpe Ratio (2.75 vs 1.70), 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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