QWLD vs. SCHG

Last updated Jun 24, 2026

QWLD (SPDR MSCI World StrategicFactors ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both Large Cap Growth Equities funds - QWLD tracks the MSCI World Factor Mix A-Series (USD) while SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 10 years, QWLD returned 11.74%/yr vs 18.65%/yr for SCHG. A 0.68 correlation means they provide meaningful diversification when combined. QWLD charges 0.30%/yr vs 0.04%/yr for SCHG.

Performance

QWLD vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI World StrategicFactors ETF (QWLD) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QWLD achieves a 5.45% return, which is significantly higher than SCHG's 1.35% return. Over the past 10 years, QWLD has underperformed SCHG with an annualized return of 11.74%, while SCHG has yielded a comparatively higher 18.65% annualized return.

QWLD

• 1D: -0.53%
• 1M: -1.39%
• YTD: 5.45%
• 6M: 5.01%
• 1Y: 15.86%
• 3Y*: 15.71%
• 5Y*: 9.75%
• 10Y*: 11.74%

SCHG

• 1D: -1.37%
• 1M: -3.93%
• YTD: 1.35%
• 6M: 0.09%
• 1Y: 17.91%
• 3Y*: 22.13%
• 5Y*: 13.27%
• 10Y*: 18.65%

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

QWLD vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QWLD SPDR MSCI World StrategicFactors ETF	5.45%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	22.44%
SCHG Schwab U.S. Large-Cap Growth ETF	1.35%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between QWLD and SCHG is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 5, 2014	0.68

The correlation between QWLD and SCHG shifts across timeframes, from 0.68 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.

QWLD vs. SCHG - Sectors Allocation Comparison

Sectors	QWLD	SCHG
Technology	25.9%	46.7%
Financial Services	14.5%	6.6%
Healthcare	12.7%	8.4%
Communication Services	9.2%	15.3%
Industrials	8.1%	6.0%
Consumer Defensive	7.4%	1.6%
Consumer Cyclical	5.1%	12.4%
Utilities	3.8%	0.4%
Energy	3.3%	0.7%
Basic Materials	2.2%	1.3%
Real Estate	0.5%	0.5%

Return for Risk

QWLD vs. SCHG — Risk / Return Rank

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

QWLD

QWLD Risk / Return Rank: 49
QWLD Sharpe Ratio Rank: 50
QWLD Sortino Ratio Rank: 50
QWLD Omega Ratio Rank: 47
QWLD Calmar Ratio Rank: 44
QWLD Martin Ratio Rank: 54

SCHG

SCHG Risk / Return Rank: 28
SCHG Sharpe Ratio Rank: 31
SCHG Sortino Ratio Rank: 30
SCHG Omega Ratio Rank: 30
SCHG Calmar Ratio Rank: 23
SCHG Martin Ratio Rank: 27

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.

QWLD vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QWLD	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.11	+0.51
Sortino ratio: Return per unit of downside risk	2.33	1.56	+0.77
Omega ratio: Gain probability vs. loss probability	1.29	1.20	+0.09
Calmar ratio: Return relative to maximum drawdown	2.08	1.10	+0.98
Martin ratio: Return relative to average drawdown	8.96	3.58	+5.38

QWLD vs. SCHG - Sharpe Ratio Comparison

The current QWLD Sharpe Ratio is 1.62, which is higher than the SCHG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of QWLD and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QWLD vs. SCHG - Drawdown Comparison

The maximum QWLD drawdown since its inception was -31.89%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for QWLD and SCHG.

Drawdown Indicators

	QWLD	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-31.89%	-34.59%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.66%	-16.41%	+8.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.40%	-23.39%	+10.99%
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	-34.59%	+11.75%
Max Drawdown (10Y) Largest decline over 10 years	-31.89%	-34.59%	+2.70%
Current Drawdown Current decline from peak	-1.77%	-6.46%	+4.69%
Average Drawdown Average peak-to-trough decline	-3.69%	-5.20%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	5.02%	-3.25%

Volatility

QWLD vs. SCHG - Volatility Comparison

The current volatility for SPDR MSCI World StrategicFactors ETF (QWLD) is 2.82%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.91%. This indicates that QWLD 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

	QWLD	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	5.91%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	12.52%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	9.84%	16.24%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	22.38%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	21.58%	-6.40%

QWLD vs. SCHG - Expense Ratio Comparison

QWLD has a 0.30% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

QWLD vs. SCHG - Dividend Comparison

QWLD's dividend yield for the trailing twelve months is around 1.85%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QWLD SPDR MSCI World StrategicFactors ETF	1.85%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both QWLD and SCHG in my portfolio?

QWLD and SCHG have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QWLD or SCHG?

SCHG has higher volatility (5.91%) compared to QWLD (2.82%). In terms of maximum drawdown, QWLD dropped -31.89% vs SCHG's -34.59%.

Which ETF is better, QWLD or SCHG?

On 10-year performance, SCHG leads with 18.65% vs 11.74% for QWLD. On fees, SCHG is cheaper at 0.04% per year. On volatility, QWLD has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QWLD or SCHG?

Over the 10-year period, SCHG has performed better with a 18.65% return vs 11.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QWLD or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.30% for QWLD.

Which ETF pays a higher dividend yield, QWLD or SCHG?

QWLD has the higher dividend yield at 1.85%, compared with 0.38% for SCHG.

What is the main difference between QWLD and SCHG?

QWLD tracks MSCI World Factor Mix A-Series (USD), while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.30% for QWLD and 0.04% for SCHG.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.62 vs 1.11), 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.