NWPX vs. SCHK

Last updated Jun 5, 2026

NWPX (Northwest Pipe Company) is a stock, while SCHK (Schwab 1000 Index ETF) is Large Cap Growth Equities fund tracking the Schwab 1000 Index. Over the past 5 years, NWPX returned 30.98%/yr vs 13.25%/yr for SCHK. At a 0.43 correlation, their price movements are largely independent.

Performance

NWPX vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northwest Pipe Company (NWPX) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWPX achieves a 96.21% return, which is significantly higher than SCHK's 11.59% return.

NWPX

• 1D: 2.43%
• 1M: 10.05%
• YTD: 96.21%
• 6M: 104.04%
• 1Y: 207.91%
• 3Y*: 62.91%
• 5Y*: 30.98%
• 10Y*: 28.61%

SCHK

• 1D: 0.50%
• 1M: 4.73%
• YTD: 11.59%
• 6M: 11.39%
• 1Y: 28.35%
• 3Y*: 22.57%
• 5Y*: 13.25%
• 10Y*: —

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

NWPX vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWPX Northwest Pipe Company	96.21%	29.49%	59.48%	-10.21%	5.97%	12.37%	-15.04%	43.02%	21.68%	-4.97%
SCHK Schwab 1000 Index ETF	11.59%	17.23%	24.48%	26.63%	-19.51%	26.17%	20.75%	31.31%	-5.09%	5.07%

Correlation

The correlation between NWPX and SCHK is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017	0.43

The correlation between NWPX and SCHK has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

NWPX vs. SCHK — Risk / Return Rank

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

NWPX

NWPX Risk / Return Rank: 98
NWPX Sharpe Ratio Rank: 99
NWPX Sortino Ratio Rank: 99
NWPX Omega Ratio Rank: 98
NWPX Calmar Ratio Rank: 98
NWPX Martin Ratio Rank: 99

SCHK

SCHK Risk / Return Rank: 72
SCHK Sharpe Ratio Rank: 73
SCHK Sortino Ratio Rank: 72
SCHK Omega Ratio Rank: 72
SCHK Calmar Ratio Rank: 65
SCHK Martin Ratio Rank: 77

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.

NWPX vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) and Schwab 1000 Index ETF (SCHK). 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.

	NWPX	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	5.27	2.34	+2.93
Sortino ratio: Return per unit of downside risk	6.23	3.19	+3.03
Omega ratio: Gain probability vs. loss probability	1.76	1.42	+0.34
Calmar ratio: Return relative to maximum drawdown	13.33	3.18	+10.15
Martin ratio: Return relative to average drawdown	44.44	14.67	+29.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWPX vs. SCHK - Sharpe Ratio Comparison

The current NWPX Sharpe Ratio is 5.27, which is higher than the SCHK Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of NWPX and SCHK, 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

	NWPX	SCHK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.27	2.34	+2.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.77	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.78	-0.59

Drawdowns

NWPX vs. SCHK - Drawdown Comparison

The maximum NWPX drawdown since its inception was -87.71%, which is greater than SCHK's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for NWPX and SCHK.

Drawdown Indicators

	NWPX	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-87.71%	-34.80%	-52.91%
Max Drawdown (1Y) Largest decline over 1 year	-15.70%	-8.97%	-6.73%
Max Drawdown (3Y) Largest decline over 3 years	-35.36%	-19.21%	-16.15%
Max Drawdown (5Y) Largest decline over 5 years	-35.71%	-25.44%	-10.27%
Max Drawdown (10Y) Largest decline over 10 years	-46.50%	—	—
Current Drawdown Current decline from peak	0.00%	-0.25%	+0.25%
Average Drawdown Average peak-to-trough decline	-43.39%	-5.18%	-38.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	1.94%	+2.77%

Volatility

NWPX vs. SCHK - Volatility Comparison

Northwest Pipe Company (NWPX) has a higher volatility of 9.83% compared to Schwab 1000 Index ETF (SCHK) at 2.94%. This indicates that NWPX's price experiences larger fluctuations and is considered to be riskier than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWPX	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.83%	2.94%	+6.89%
Volatility (6M) Calculated over the trailing 6-month period	30.28%	9.18%	+21.10%
Volatility (1Y) Calculated over the trailing 1-year period	39.73%	12.16%	+27.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.47%	17.23%	+19.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.05%	19.11%	+21.94%

Dividends

NWPX vs. SCHK - Dividend Comparison

NWPX has not paid dividends to shareholders, while SCHK's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWPX Northwest Pipe Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHK Schwab 1000 Index ETF	1.00%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both NWPX and SCHK in my portfolio?

NWPX and SCHK have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWPX or SCHK?

NWPX has higher volatility (9.83%) compared to SCHK (2.94%). In terms of maximum drawdown, NWPX dropped -87.71% vs SCHK's -34.80%.

Which has better risk-adjusted returns?

NWPX currently has the higher Sharpe Ratio (5.27 vs 2.34), 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.