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RFFC vs. SCHK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RFFC vs. SCHK

Last updated Jun 24, 2026

RFFC (ALPS Active Equity Opportunity ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds. RFFC is actively managed, while SCHK is passively managed. Over the past 5 years, RFFC returned 11.91%/yr vs 12.31%/yr for SCHK. With a 0.95 correlation, they move nearly in lockstep. RFFC charges 0.48%/yr vs 0.03%/yr for SCHK.

Performance

RFFC vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active Equity Opportunity ETF (RFFC) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RFFC achieves a 10.13% return, which is significantly higher than SCHK's 8.54% return.

RFFC

1D
-0.84%
1M
0.61%
YTD
10.13%
6M
9.43%
1Y
27.11%
3Y*
20.79%
5Y*
11.91%
10Y*
12.66%

SCHK

1D
-1.42%
1M
-0.95%
YTD
8.54%
6M
7.46%
1Y
23.67%
3Y*
20.74%
5Y*
12.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RFFC vs. SCHK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RFFC
ALPS Active Equity Opportunity ETF		10.13%16.83%23.51%19.50%-14.58%22.33%12.48%24.77%-10.23%5.57%
SCHK
Schwab 1000 Index ETF		8.54%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%

Correlation

The correlation between RFFC and SCHK is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2017

0.95

The correlation between RFFC and SCHK has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

RFFC vs. SCHK - Sectors Allocation Comparison

Sectors
RFFC
SCHK

Technology

33.0%
38.0%

Industrials

12.2%
8.9%

Healthcare

11.7%
8.4%

Financial Services

10.9%
11.2%

Consumer Cyclical

9.3%
9.8%

Communication Services

8.7%
10.1%

Energy

4.8%
3.2%

Consumer Defensive

2.7%
4.3%

Utilities

2.4%
2.1%

Basic Materials

2.3%
1.9%

Real Estate

2.0%
2.0%

Technology

RFFC
33.0%
SCHK
38.0%

Industrials

RFFC
12.2%
SCHK
8.9%

Healthcare

RFFC
11.7%
SCHK
8.4%

Financial Services

RFFC
10.9%
SCHK
11.2%

Consumer Cyclical

RFFC
9.3%
SCHK
9.8%

Communication Services

RFFC
8.7%
SCHK
10.1%

Energy

RFFC
4.8%
SCHK
3.2%

Consumer Defensive

RFFC
2.7%
SCHK
4.3%

Utilities

RFFC
2.4%
SCHK
2.1%

Basic Materials

RFFC
2.3%
SCHK
1.9%

Real Estate

RFFC
2.0%
SCHK
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ALPS Active Equity Opportunity ETF

Schwab 1000 Index ETF

Often compared with RFFC:
RFFC vs. BSJORFFC vs. SCHGRFFC vs. LVHIRFFC vs. ONEQRFFC vs. VYMIRFFC vs. TEXNRFFC vs. ACES
Often compared with SCHK:
SCHK vs. SCHBSCHK vs. VOOSCHK vs. SCHXSCHK vs. SCHGSCHK vs. VTISCHK vs. VONGSCHK vs. SCHD

Return for Risk

RFFC vs. SCHK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RFFC
RFFC Risk / Return Rank: 7272
Overall Rank
RFFC Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
RFFC Sortino Ratio Rank: 7575
Sortino Ratio Rank
RFFC Omega Ratio Rank: 7272
Omega Ratio Rank
RFFC Calmar Ratio Rank: 6464
Calmar Ratio Rank
RFFC Martin Ratio Rank: 7676
Martin Ratio Rank
SCHK
SCHK Risk / Return Rank: 5858
Overall Rank
SCHK Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 5555
Sortino Ratio Rank
SCHK Omega Ratio Rank: 5656
Omega Ratio Rank
SCHK Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHK Martin Ratio Rank: 6767
Martin Ratio Rank
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.

RFFC vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active Equity Opportunity ETF (RFFC) and Schwab 1000 Index ETF (SCHK). 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.

RFFCSCHKDifference
Sharpe ratioReturn per unit of total volatility
2.19
1.86

+0.34

Sortino ratioReturn per unit of downside risk
3.06
2.53

+0.53

Omega ratioGain probability vs. loss probability

1.39

1.33

+0.06

Calmar ratioReturn relative to maximum drawdown

2.94

2.65

+0.29

Martin ratioReturn relative to average drawdown

13.37

11.81

+1.56

RFFC vs. SCHK - Sharpe Ratio Comparison

The current RFFC Sharpe Ratio is 2.19, which is comparable to the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of RFFC and SCHK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RFFC vs. SCHK - Drawdown Comparison

The maximum RFFC drawdown since its inception was -36.26%, roughly equal to the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for RFFC and SCHK.

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Drawdown Indicators

RFFCSCHKDifference

Max Drawdown

Largest peak-to-trough decline

-36.26%

-34.80%

-1.46%

Max Drawdown (1Y)

Largest decline over 1 year

-9.25%

-8.97%

-0.28%

Max Drawdown (3Y)

Largest decline over 3 years

-18.45%

-19.21%

+0.76%

Max Drawdown (5Y)

Largest decline over 5 years

-22.29%

-25.44%

+3.15%

Max Drawdown (10Y)

Largest decline over 10 years

-36.26%

—

—

Current Drawdown

Current decline from peak

-1.55%

-2.98%

+1.43%

Average Drawdown

Average peak-to-trough decline

-5.00%

-5.16%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

2.01%

+0.02%

Volatility

RFFC vs. SCHK - Volatility Comparison

The current volatility for ALPS Active Equity Opportunity ETF (RFFC) is 4.25%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.96%. This indicates that RFFC experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RFFCSCHKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

4.96%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

10.10%

-0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.45%

12.84%

-0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.33%

17.34%

-1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

19.12%

-1.11%

RFFC vs. SCHK - Expense Ratio Comparison

RFFC has a 0.48% expense ratio, which is higher than SCHK's 0.03% expense ratio.

Dividends

RFFC vs. SCHK - Dividend Comparison

RFFC's dividend yield for the trailing twelve months is around 0.64%, less than SCHK's 1.03% yield.

PositionTTM2025202420232022202120202019201820172016
RFFC
ALPS Active Equity Opportunity ETF		0.64%0.78%1.05%1.35%1.41%0.71%1.79%1.34%1.36%0.93%0.66%
SCHK
Schwab 1000 Index ETF		1.03%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%0.00%

Frequently Asked Questions

With a correlation of 0.94, RFFC and SCHK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SCHK has higher volatility (4.96%) compared to RFFC (4.25%). In terms of maximum drawdown, RFFC dropped -36.26% vs SCHK's -34.80%.

On 5-year performance, SCHK leads with 12.31% vs 11.91% for RFFC. On fees, SCHK is cheaper at 0.03% per year. On volatility, RFFC has been the lower-risk option at 4.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SCHK has performed better with a 12.31% return vs 11.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHK is cheaper with a 0.03% expense ratio, compared with 0.48% for RFFC.

SCHK has the higher dividend yield at 1.03%, compared with 0.64% for RFFC.

They also come from different issuers: SS&C and Charles Schwab. Their fees differ too: 0.48% for RFFC and 0.03% for SCHK.

RFFC currently has the higher Sharpe Ratio (2.19 vs 1.86), 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.

Portfolio Optimizer

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