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. A 0.79 correlation means they provide meaningful diversification when combined. 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 22.53% return, which is significantly higher than RB's 8.33% return.
SCHA
- 1D
- -1.72%
- 1M
- 4.56%
- YTD
- 22.53%
- 6M
- 20.00%
- 1Y
- 41.81%
- 3Y*
- 19.85%
- 5Y*
- 7.30%
- 10Y*
- 11.72%
RB
- 1D
- -0.14%
- 1M
- 1.83%
- YTD
- 8.33%
- 6M
- 8.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHA vs. RB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCHA Schwab U.S. Small-Cap ETF | 22.53% | 15.40% |
RB ProShares Russell 2000 Dynamic Daily Buffer ETF | 8.33% | 10.85% |
Correlation
The correlation between SCHA and RB is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.79 |
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Return for Risk
SCHA vs. RB — Risk / Return Rank
SCHA
RB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | — | — |
| Martin ratioReturn relative to average drawdown | 16.18 | — | — |
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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% | — | — |
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 | -1.72% | -0.14% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -0.43% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | — | — |
Volatility
SCHA vs. RB - Volatility Comparison
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Volatility by Period
| SCHA | RB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 6.55% | +12.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 6.55% | +15.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.75% | 6.55% | +16.20% |
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 0.98%, less than RB's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RB ProShares Russell 2000 Dynamic Daily Buffer ETF | 1.97% | 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 | 0.98% | 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 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCHA is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHA is cheaper with a 0.04% expense ratio, compared with 0.58% for RB.
RB has the higher dividend yield at 1.97%, compared with 0.98% 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.
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