HOVLX vs. SCHV
Compare and contrast key facts about Homestead Funds Value Fund (HOVLX) and Schwab U.S. Large-Cap Value ETF (SCHV).
HOVLX is managed by Homestead. It was launched on Nov 19, 1990. SCHV is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Value Total Stock Market Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HOVLX or SCHV.
Key characteristics
| HOVLX | SCHV | |
|---|---|---|
| YTD Return | 13.84% | 14.42% |
| 1Y Return | 22.80% | 21.20% |
| 3Y Return (Ann) | 8.85% | 7.29% |
| 5Y Return (Ann) | 12.40% | 9.71% |
| 10Y Return (Ann) | 10.43% | 9.04% |
| Sharpe Ratio | 1.97 | 1.88 |
| Daily Std Dev | 11.33% | 11.03% |
| Max Drawdown | -57.48% | -37.08% |
| Current Drawdown | -0.76% | -0.29% |
Correlation
The correlation between HOVLX and SCHV is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HOVLX vs. SCHV - Performance Comparison
The year-to-date returns for both investments are quite close, with HOVLX having a 13.84% return and SCHV slightly higher at 14.42%. Over the past 10 years, HOVLX has outperformed SCHV with an annualized return of 10.43%, while SCHV has yielded a comparatively lower 9.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HOVLX vs. SCHV - Expense Ratio Comparison
HOVLX has a 0.63% expense ratio, which is higher than SCHV's 0.04% expense ratio.
Risk-Adjusted Performance
HOVLX vs. SCHV - Risk-Adjusted Performance 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.
Dividends
HOVLX vs. SCHV - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 6.93%, more than SCHV's 2.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 6.93% | 6.53% | 10.54% | 8.65% | 16.55% | 14.47% | 11.01% | 5.34% | 10.00% | 7.22% | 1.70% | 1.66% |
SCHV Schwab U.S. Large-Cap Value ETF | 1.66% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 2.65% | 2.69% | 2.38% | 2.18% |
Drawdowns
HOVLX vs. SCHV - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.48%, 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. For additional features, visit the drawdowns tool.
Volatility
HOVLX vs. SCHV - Volatility Comparison
Homestead Funds Value Fund (HOVLX) has a higher volatility of 3.38% compared to Schwab U.S. Large-Cap Value ETF (SCHV) at 2.80%. This indicates that HOVLX's price experiences larger fluctuations and is considered to be riskier than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.