SAWS vs. SCHA

Last updated Apr 17, 2026

SAWS (AAM Sawgrass U.S. Small Cap Quality Growth ETF) and SCHA (Schwab U.S. Small-Cap ETF) are both Small Cap Growth Equities funds. SAWS is actively managed, while SCHA is passively managed. Over the past year, SAWS returned 25.24% vs 47.65% for SCHA. Their correlation of 0.89 suggests significant overlap in exposure. SAWS charges 0.55%/yr vs 0.04%/yr for SCHA.

Performance

SAWS vs. SCHA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and Schwab U.S. Small-Cap ETF (SCHA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAWS achieves a 7.63% return, which is significantly lower than SCHA's 11.07% return.

SAWS

• 1D: -0.05%
• 1M: 5.88%
• YTD: 7.63%
• 6M: 9.50%
• 1Y: 25.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHA

• 1D: 0.54%
• 1M: 8.03%
• YTD: 11.07%
• 6M: 13.97%
• 1Y: 47.65%
• 3Y*: 16.32%
• 5Y*: 5.79%
• 10Y*: 10.55%

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

SAWS vs. SCHA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	7.63%	7.26%	3.52%
SCHA Schwab U.S. Small-Cap ETF	11.07%	11.60%	1.53%

Correlation

The correlation between SAWS and SCHA is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.89

The correlation between SAWS and SCHA has been stable across timeframes, ranging from 0.86 to 0.89 — a consistent structural relationship.

Return for Risk

SAWS vs. SCHA — Risk / Return Rank

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

SAWS

SAWS Risk / Return Rank: 32
SAWS Sharpe Ratio Rank: 29
SAWS Sortino Ratio Rank: 30
SAWS Omega Ratio Rank: 27
SAWS Calmar Ratio Rank: 37
SAWS Martin Ratio Rank: 37

SCHA

SCHA Risk / Return Rank: 75
SCHA Sharpe Ratio Rank: 73
SCHA Sortino Ratio Rank: 73
SCHA Omega Ratio Rank: 66
SCHA Calmar Ratio Rank: 83
SCHA Martin Ratio Rank: 81

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.

SAWS vs. SCHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and Schwab U.S. Small-Cap ETF (SCHA). 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.

	SAWS	SCHA	Difference
Sharpe ratio Return per unit of total volatility	1.40	2.58	-1.17
Sortino ratio Return per unit of downside risk	2.09	3.56	-1.48
Omega ratio Gain probability vs. loss probability	1.24	1.43	-0.19
Calmar ratio Return relative to maximum drawdown	2.37	4.85	-2.48
Martin ratio Return relative to average drawdown	7.98	17.82	-9.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAWS vs. SCHA - Sharpe Ratio Comparison

The current SAWS Sharpe Ratio is 1.40, which is lower than the SCHA Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of SAWS and SCHA, 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

	SAWS	SCHA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	2.58	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.55	-0.03

Drawdowns

SAWS vs. SCHA - Drawdown Comparison

The maximum SAWS drawdown since its inception was -22.04%, smaller than the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for SAWS and SCHA.

Drawdown Indicators

	SAWS	SCHA	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-42.41%	+20.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-9.50%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.41%	—
Current Drawdown Current decline from peak	-1.67%	0.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-5.89%	-7.64%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.59%	+0.45%

Volatility

SAWS vs. SCHA - Volatility Comparison

AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and Schwab U.S. Small-Cap ETF (SCHA) have volatilities of 7.20% and 6.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAWS	SCHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	6.87%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	13.68%	13.45%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	18.71%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.26%	21.99%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	22.67%	-1.41%

SAWS vs. SCHA - Expense Ratio Comparison

SAWS has a 0.55% expense ratio, which is higher than SCHA's 0.04% expense ratio.

Dividends

SAWS vs. SCHA - Dividend Comparison

SAWS's dividend yield for the trailing twelve months is around 0.02%, less than SCHA's 1.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	0.02%	0.02%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHA Schwab U.S. Small-Cap ETF	1.08%	1.26%	1.51%	1.42%	1.37%	1.19%	1.05%	1.39%	1.58%	1.24%	1.50%	1.48%