SCHA vs. RB
SCHA (Schwab U.S. Small-Cap ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both exchange-traded funds - SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index, while RB is a Defined Outcome fund tracking the Russell 2000. Both are passively managed. Over the past year, SCHA returned 34.29% vs 17.75% for RB. Their 0.76 correlation means they have sometimes moved together and sometimes differently. SCHA charges 0.04%/yr vs 0.58%/yr for RB.
Performance
SCHA vs. RB - Performance Comparison
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Returns By Period
In the year-to-date period, SCHA achieves a 18.33% return, which is significantly higher than RB's 7.28% return.
SCHA
- 1D
- -0.39%
- 1M
- -3.89%
- 6M
- 12.19%
- YTD
- 18.33%
- 1Y
- 34.29%
- 3Y*
- 15.08%
- 5Y*
- 7.26%
- 10Y*
- 10.65%
- ALL TIME*
- 12.36%
RB
- 1D
- -0.28%
- 1M
- -0.19%
- 6M
- 4.83%
- YTD
- 7.28%
- 1Y
- 17.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.20K | $14.86K | $82.38K | |
| $74.33M | $80.60M | $78.60M |
SCHA vs. RB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCHA Schwab U.S. Small-Cap ETF | 18.33% | 15.40% |
RB ProShares Russell 2000 Dynamic Daily Buffer ETF | 7.28% | 10.85% |
Correlation
The correlation between SCHA and RB is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.76 |
The correlation between SCHA and RB has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
SCHA vs. RB — Risk / Return Rank
SCHA
RB
SCHA vs. RB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Small-Cap ETF (SCHA) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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.
| SCHA | RB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.58 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 8.35 | -4.98 |
| Martin ratioReturn relative to average drawdown | 10.77 | 26.55 | -15.77 |
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Drawdowns
SCHA vs. RB - Drawdown Comparison
The maximum SCHA drawdown since its inception was -42.41%, which is greater than RB's maximum drawdown of -2.09%. Use the drawdown chart below to compare losses from any high point for SCHA and RB.
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Drawdown Indicators
| SCHA | RB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.41% | -2.09% | -40.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -2.09% | -7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.41% | — | — |
Current DrawdownCurrent decline from peak | -7.11% | -1.11% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -0.46% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 0.66% | +2.31% |
Volatility
SCHA vs. RB - Volatility Comparison
Schwab U.S. Small-Cap ETF (SCHA) has a higher volatility of 5.74% compared to ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) at 1.11%. This indicates that SCHA's price experiences larger fluctuations and is considered to be riskier than RB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHA | RB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 1.11% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 4.66% | +10.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 6.55% | +12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.06% | 6.38% | +15.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 6.38% | +16.39% |
SCHA vs. RB - Expense Ratio Comparison
SCHA has a 0.04% expense ratio, which is lower than RB's 0.58% expense ratio.
Dividends
SCHA vs. RB - Dividend Comparison
SCHA's dividend yield for the trailing twelve months is around 1.07%, less than RB's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RB ProShares Russell 2000 Dynamic Daily Buffer ETF | 2.28% | 1.78% | 0.00% | 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 | 1.07% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
Frequently Asked Questions
SCHA and RB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHA has higher volatility (5.74%) compared to RB (1.11%). In terms of maximum drawdown, SCHA dropped -42.41% vs RB's -2.09%.
On 1-year performance, SCHA leads with 34.29% vs 17.75% for RB. On fees, SCHA is cheaper at 0.04% per year. On volatility, RB has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHA has performed better with a 34.29% return vs 17.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHA is cheaper with a 0.04% expense ratio, compared with 0.58% for RB.
RB has the higher dividend yield at 2.28%, compared with 1.07% for SCHA.
SCHA is categorized as Small Cap Blend Equities, while RB is Defined Outcome. SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index, while RB tracks Russell 2000. They also come from different issuers: Charles Schwab and ProShares. Their fees differ too: 0.04% for SCHA and 0.58% for RB.
RB currently has the higher Sharpe Ratio (2.67 vs 1.66), 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.
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