PPQZX vs. SCHD

Last updated Jun 4, 2026

PPQZX (PIMCO RealPath Blend 2050 Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - PPQZX is a Target Retirement Date fund managed by PIMCO, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, PPQZX returned 11.63%/yr vs 12.77%/yr for SCHD. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.

Performance

PPQZX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RealPath Blend 2050 Fund (PPQZX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPQZX achieves a 12.28% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, PPQZX has underperformed SCHD with an annualized return of 11.63%, while SCHD has yielded a comparatively higher 12.77% annualized return.

PPQZX

• 1D: 0.34%
• 1M: 4.93%
• YTD: 12.28%
• 6M: 13.13%
• 1Y: 27.90%
• 3Y*: 19.10%
• 5Y*: 10.27%
• 10Y*: 11.63%

SCHD

• 1D: 0.00%
• 1M: 2.70%
• YTD: 19.01%
• 6M: 18.63%
• 1Y: 27.16%
• 3Y*: 15.09%
• 5Y*: 8.36%
• 10Y*: 12.77%

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

PPQZX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPQZX PIMCO RealPath Blend 2050 Fund	12.28%	20.62%	13.93%	19.69%	-17.27%	18.50%	13.70%	25.09%	-7.75%	19.88%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between PPQZX and SCHD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.79

Over the past year, the correlation between PPQZX and SCHD has dropped to 0.43 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

PPQZX vs. SCHD — Risk / Return Rank

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

PPQZX

PPQZX Risk / Return Rank: 75
PPQZX Sharpe Ratio Rank: 79
PPQZX Sortino Ratio Rank: 73
PPQZX Omega Ratio Rank: 73
PPQZX Calmar Ratio Rank: 70
PPQZX Martin Ratio Rank: 78

SCHD

SCHD Risk / Return Rank: 80
SCHD Sharpe Ratio Rank: 75
SCHD Sortino Ratio Rank: 84
SCHD Omega Ratio Rank: 73
SCHD Calmar Ratio Rank: 91
SCHD 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.

PPQZX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2050 Fund (PPQZX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	PPQZX	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.49	+0.10
Sortino ratio: Return per unit of downside risk	3.56	3.87	-0.30
Omega ratio: Gain probability vs. loss probability	1.48	1.45	+0.03
Calmar ratio: Return relative to maximum drawdown	3.25	5.91	-2.66
Martin ratio: Return relative to average drawdown	14.65	14.53	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPQZX vs. SCHD - Sharpe Ratio Comparison

The current PPQZX Sharpe Ratio is 2.59, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of PPQZX and SCHD, 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

	PPQZX	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.49	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.58	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.77	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.86	-0.16

Drawdowns

PPQZX vs. SCHD - Drawdown Comparison

The maximum PPQZX drawdown since its inception was -31.59%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PPQZX and SCHD.

Drawdown Indicators

	PPQZX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-31.59%	-33.37%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-4.61%	-4.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-16.13%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.57%	-16.85%	-8.72%
Max Drawdown (10Y) Largest decline over 10 years	-31.59%	-33.37%	+1.78%
Current Drawdown Current decline from peak	0.00%	-1.40%	+1.40%
Average Drawdown Average peak-to-trough decline	-4.66%	-3.32%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.88%	+0.05%

Volatility

PPQZX vs. SCHD - Volatility Comparison

PIMCO RealPath Blend 2050 Fund (PPQZX) has a higher volatility of 3.28% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that PPQZX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPQZX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	2.66%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	7.66%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.95%	10.96%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	14.38%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	16.72%	-1.92%

PPQZX vs. SCHD - Expense Ratio Comparison

Both PPQZX and SCHD have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PPQZX vs. SCHD - Dividend Comparison

PPQZX's dividend yield for the trailing twelve months is around 3.55%, more than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPQZX PIMCO RealPath Blend 2050 Fund	3.55%	3.82%	4.55%	2.29%	2.43%	5.31%	1.28%	3.79%	6.75%	2.09%	2.40%	2.19%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both PPQZX and SCHD in my portfolio?

PPQZX and SCHD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPQZX or SCHD?

PPQZX has higher volatility (3.28%) compared to SCHD (2.66%). In terms of maximum drawdown, PPQZX dropped -31.59% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

PPQZX currently has the higher Sharpe Ratio (2.59 vs 2.49), 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.