PCLCX vs. SCHG

Last updated Apr 2, 2026

Compare and contrast key facts about PACE Large Co Growth Equity Investments (PCLCX) and Schwab U.S. Large-Cap Growth ETF (SCHG).

PCLCX is managed by UBS. It was launched on Aug 24, 1995. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009.

Performance

PCLCX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACE Large Co Growth Equity Investments (PCLCX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

PCLCX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCLCX PACE Large Co Growth Equity Investments	-10.04%	9.86%	28.05%	35.17%	-28.18%	20.18%	39.70%	31.99%	-3.18%	29.89%
SCHG Schwab U.S. Large-Cap Growth ETF	-9.73%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Returns By Period

The year-to-date returns for both investments are quite close, with PCLCX having a -10.04% return and SCHG slightly higher at -9.73%. Over the past 10 years, PCLCX has underperformed SCHG with an annualized return of 13.35%, while SCHG has yielded a comparatively higher 16.95% annualized return.

PCLCX

• 1D: 3.28%
• 1M: -4.95%
• YTD: -10.04%
• 6M: -11.67%
• 1Y: 5.48%
• 3Y*: 15.94%
• 5Y*: 7.58%
• 10Y*: 13.35%

SCHG

• 1D: 0.96%
• 1M: -4.46%
• YTD: -9.73%
• 6M: -8.15%
• 1Y: 17.00%
• 3Y*: 22.30%
• 5Y*: 12.76%
• 10Y*: 16.95%

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

PCLCX vs. SCHG - Expense Ratio Comparison

PCLCX has a 0.88% expense ratio, which is higher than SCHG's 0.04% expense ratio.

PCLCX

PACE Large Co Growth Equity Investments

SCHG

Schwab U.S. Large-Cap Growth ETF

Return for Risk

PCLCX vs. SCHG — Risk / Return Rank

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

PCLCX

PCLCX Risk / Return Rank: 8
PCLCX Sharpe Ratio Rank: 10
PCLCX Sortino Ratio Rank: 10
PCLCX Omega Ratio Rank: 10
PCLCX Calmar Ratio Rank: 4
PCLCX Martin Ratio Rank: 4

SCHG

SCHG Risk / Return Rank: 41
SCHG Sharpe Ratio Rank: 39
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 42
SCHG Calmar Ratio Rank: 40
SCHG Martin Ratio Rank: 39

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.

PCLCX vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACE Large Co Growth Equity Investments (PCLCX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	PCLCX	SCHG	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.76	-0.43
Sortino ratio Return per unit of downside risk	0.61	1.24	-0.63
Omega ratio Gain probability vs. loss probability	1.09	1.17	-0.09
Calmar ratio Return relative to maximum drawdown	-0.03	1.09	-1.12
Martin ratio Return relative to average drawdown	-0.09	3.71	-3.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCLCX vs. SCHG - Sharpe Ratio Comparison

The current PCLCX Sharpe Ratio is 0.33, which is lower than the SCHG Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of PCLCX and SCHG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCLCX	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.76	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.57	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.79	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.79	-0.44

Correlation

The correlation between PCLCX and SCHG is 0.96, 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.

Dividends

PCLCX vs. SCHG - Dividend Comparison

PCLCX's dividend yield for the trailing twelve months is around 22.96%, more than SCHG's 0.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLCX PACE Large Co Growth Equity Investments	22.96%	20.66%	11.94%	2.09%	60.17%	22.81%	18.38%	16.53%	22.05%	10.32%	3.30%	17.60%
SCHG Schwab U.S. Large-Cap Growth ETF	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Drawdowns

PCLCX vs. SCHG - Drawdown Comparison

The maximum PCLCX drawdown since its inception was -63.98%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for PCLCX and SCHG.

Drawdown Indicators

	PCLCX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-63.98%	-34.59%	-29.39%
Max Drawdown (1Y) Largest decline over 1 year	-17.06%	-16.41%	-0.65%
Max Drawdown (5Y) Largest decline over 5 years	-38.81%	-34.59%	-4.22%
Max Drawdown (10Y) Largest decline over 10 years	-38.81%	-34.59%	-4.22%
Current Drawdown Current decline from peak	-14.34%	-12.51%	-1.83%
Average Drawdown Average peak-to-trough decline	-20.42%	-5.22%	-15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	4.84%	+0.68%

Volatility

PCLCX vs. SCHG - Volatility Comparison

The current volatility for PACE Large Co Growth Equity Investments (PCLCX) is 5.91%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 6.77%. This indicates that PCLCX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCLCX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	6.77%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	12.54%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	19.66%	22.45%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.96%	22.31%	+14.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.97%	21.51%	+9.46%