QQLV vs. SCHX

Last updated Jun 4, 2026

QQLV (Invesco QQQ Low Volatility ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds - QQLV tracks the Nasdaq Low Volatility Index while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past year, QQLV returned -1.95% vs 27.36% for SCHX. At a 0.44 correlation, their price movements are largely independent. QQLV charges 0.25%/yr vs 0.03%/yr for SCHX.

Performance

QQLV vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Low Volatility ETF (QQLV) 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, QQLV achieves a 1.94% return, which is significantly lower than SCHX's 10.72% return.

QQLV

• 1D: -0.03%
• 1M: -0.15%
• YTD: 1.94%
• 6M: 1.06%
• 1Y: -1.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHX

• 1D: -0.70%
• 1M: 5.06%
• YTD: 10.72%
• 6M: 10.60%
• 1Y: 27.36%
• 3Y*: 22.38%
• 5Y*: 13.29%
• 10Y*: 15.41%

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

QQLV vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQLV Invesco QQQ Low Volatility ETF	1.94%	4.19%	-5.60%
SCHX Schwab U.S. Large-Cap ETF	10.72%	17.46%	-3.70%

Correlation

The correlation between QQLV and SCHX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.44

Return for Risk

QQLV vs. SCHX — Risk / Return Rank

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

QQLV

QQLV Risk / Return Rank: 6
QQLV Sharpe Ratio Rank: 7
QQLV Sortino Ratio Rank: 6
QQLV Omega Ratio Rank: 6
QQLV Calmar Ratio Rank: 6
QQLV Martin Ratio Rank: 6

SCHX

SCHX Risk / Return Rank: 67
SCHX Sharpe Ratio Rank: 68
SCHX Sortino Ratio Rank: 66
SCHX Omega Ratio Rank: 67
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 72

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.

QQLV vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.

	QQLV	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	2.29	-2.49
Sortino ratio: Return per unit of downside risk	-0.20	3.14	-3.34
Omega ratio: Gain probability vs. loss probability	0.98	1.41	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.27	3.05	-3.31
Martin ratio: Return relative to average drawdown	-0.52	13.85	-14.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQLV vs. SCHX - Sharpe Ratio Comparison

The current QQLV Sharpe Ratio is -0.19, which is lower than the SCHX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of QQLV and SCHX, 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

	QQLV	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	2.29	-2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.85	-0.84

Drawdowns

QQLV vs. SCHX - Drawdown Comparison

The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for QQLV and SCHX.

Drawdown Indicators

	QQLV	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-34.33%	+24.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-9.02%	+1.67%
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	-3.61%	-0.70%	-2.91%
Average Drawdown Average peak-to-trough decline	-3.19%	-3.97%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	1.98%	+1.75%

Volatility

QQLV vs. SCHX - Volatility Comparison

The current volatility for Invesco QQQ Low Volatility ETF (QQLV) is 2.66%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 2.91%. This indicates that QQLV experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQLV	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.91%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	7.05%	9.02%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	11.99%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	17.12%	-4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.70%	18.15%	-5.45%

QQLV vs. SCHX - Expense Ratio Comparison

QQLV has a 0.25% expense ratio, which is higher than SCHX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQLV vs. SCHX - Dividend Comparison

QQLV's dividend yield for the trailing twelve months is around 2.06%, more than SCHX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQLV Invesco QQQ Low Volatility ETF	2.06%	1.84%	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	1.01%	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 QQLV and SCHX in my portfolio?

QQLV and SCHX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQLV or SCHX?

SCHX has higher volatility (2.91%) compared to QQLV (2.66%). In terms of maximum drawdown, QQLV dropped -9.54% vs SCHX's -34.33%.

Which ETF is better, QQLV or SCHX?

On 1-year performance, SCHX leads with 27.36% vs -1.95% for QQLV. On fees, SCHX is cheaper at 0.03% per year. On volatility, QQLV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQLV or SCHX?

Over the 1-year period, SCHX has performed better with a 27.36% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQLV or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.25% for QQLV.

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

QQLV has the higher dividend yield at 2.06%, compared with 1.01% for SCHX.

What is the main difference between QQLV and SCHX?

QQLV tracks Nasdaq Low Volatility Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.25% for QQLV and 0.03% for SCHX.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (2.29 vs -0.19), 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.