OXLC vs. SCHH
Compare and contrast key facts about Oxford Lane Capital Corp. (OXLC) and Schwab US REIT ETF (SCHH).
SCHH is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Select REIT Index. It was launched on Jan 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OXLC or SCHH.
Key characteristics
| OXLC | SCHH | |
|---|---|---|
| YTD Return | 17.69% | -2.81% |
| 1Y Return | 24.77% | 9.94% |
| 3Y Return (Ann) | 7.71% | -0.15% |
| 5Y Return (Ann) | 3.80% | 0.43% |
| 10Y Return (Ann) | 6.64% | 4.12% |
| Sharpe Ratio | 1.44 | 0.50 |
| Daily Std Dev | 16.33% | 18.39% |
| Max Drawdown | -74.58% | -44.22% |
| Current Drawdown | -5.27% | -18.95% |
Correlation
The correlation between OXLC and SCHH is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OXLC vs. SCHH - Performance Comparison
In the year-to-date period, OXLC achieves a 17.69% return, which is significantly higher than SCHH's -2.81% return. Over the past 10 years, OXLC has outperformed SCHH with an annualized return of 6.64%, while SCHH has yielded a comparatively lower 4.12% 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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Risk-Adjusted Performance
OXLC vs. SCHH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) and Schwab US REIT ETF (SCHH). 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
OXLC vs. SCHH - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 17.75%, more than SCHH's 3.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 17.75% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.61% |
SCHH Schwab US REIT ETF | 3.29% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.66% | 2.22% | 2.81% | 2.48% | 2.18% | 2.59% |
Drawdowns
OXLC vs. SCHH - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for OXLC and SCHH. For additional features, visit the drawdowns tool.
Volatility
OXLC vs. SCHH - Volatility Comparison
The current volatility for Oxford Lane Capital Corp. (OXLC) is 3.51%, while Schwab US REIT ETF (SCHH) has a volatility of 3.74%. This indicates that OXLC experiences smaller price fluctuations and is considered to be less risky than SCHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.