MNZL vs. SCHX

Last updated Jun 5, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds - MNZL tracks the Russell IdealRatings Manzil Halal USA Broad Market Index while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. MNZL charges 0.40%/yr vs 0.03%/yr for SCHX.

Performance

MNZL vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNZL achieves a 18.20% return, which is significantly higher than SCHX's 11.20% return.

MNZL

• 1D: -1.04%
• 1M: 8.16%
• YTD: 18.20%
• 6M: 16.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHX

• 1D: 0.44%
• 1M: 4.70%
• YTD: 11.20%
• 6M: 10.96%
• 1Y: 27.92%
• 3Y*: 22.63%
• 5Y*: 13.39%
• 10Y*: 15.41%

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

MNZL vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.20%	2.90%
SCHX Schwab U.S. Large-Cap ETF	11.20%	3.21%

Correlation

The correlation between MNZL and SCHX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.91

Return for Risk

MNZL vs. SCHX — Risk / Return Rank

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

SCHX

SCHX Risk / Return Rank: 71
SCHX Sharpe Ratio Rank: 73
SCHX Sortino Ratio Rank: 72
SCHX Omega Ratio Rank: 72
SCHX Calmar Ratio Rank: 64
SCHX Martin Ratio Rank: 75

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.

MNZL vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MNZL	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.85	+1.99

Drawdowns

MNZL vs. SCHX - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for MNZL and SCHX.

Drawdown Indicators

	MNZL	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-34.33%	+24.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-1.04%	-0.27%	-0.77%
Average Drawdown Average peak-to-trough decline	-1.74%	-3.97%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.98%	—

Volatility

Volatility by Period

	MNZL	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	11.98%	+3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	17.12%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	18.14%	-2.41%

MNZL vs. SCHX - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

MNZL vs. SCHX - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than SCHX's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHX Schwab U.S. Large-Cap ETF	1.00%	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 MNZL and SCHX in my portfolio?

With a correlation of 0.91, MNZL and SCHX 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.

Which ETF is better, MNZL or SCHX?

On fees, SCHX is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNZL or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.40% for MNZL.

Which ETF pays a higher dividend yield, MNZL or SCHX?

SCHX has the higher dividend yield at 1.00%, compared with 0.03% for MNZL.

What is the main difference between MNZL and SCHX?

MNZL tracks Russell IdealRatings Manzil Halal USA Broad Market Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: Manzil and Charles Schwab. Their fees differ too: 0.40% for MNZL and 0.03% for SCHX.