SCHB vs. ONGIX

Last updated Jun 14, 2026

SCHB (Schwab U.S. Broad Market ETF) and ONGIX (JPMorgan Investor Growth and Income Fund Class A) are both funds - SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index, while ONGIX is a Diversified Portfolio fund actively managed by JPMorgan. SCHB is passively managed, while ONGIX is actively managed. Over the past 10 years, SCHB returned 15.01%/yr vs 9.66%/yr for ONGIX. With a 0.97 correlation, they move nearly in lockstep. SCHB charges 0.03%/yr vs 0.95%/yr for ONGIX.

Performance

SCHB vs. ONGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Broad Market ETF (SCHB) and JPMorgan Investor Growth and Income Fund Class A (ONGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHB achieves a 9.68% return, which is significantly higher than ONGIX's 5.32% return. Over the past 10 years, SCHB has outperformed ONGIX with an annualized return of 15.01%, while ONGIX has yielded a comparatively lower 9.66% annualized return.

SCHB

• 1D: 0.49%
• 1M: 0.95%
• YTD: 9.68%
• 6M: 9.76%
• 1Y: 26.16%
• 3Y*: 20.63%
• 5Y*: 12.26%
• 10Y*: 15.01%

ONGIX

• 1D: 1.65%
• 1M: 1.14%
• YTD: 5.32%
• 6M: 5.58%
• 1Y: 15.72%
• 3Y*: 13.26%
• 5Y*: 6.91%
• 10Y*: 9.66%

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

SCHB vs. ONGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHB Schwab U.S. Broad Market ETF	9.68%	16.94%	23.93%	26.16%	-19.46%	25.84%	20.76%	30.79%	-5.43%	21.20%
ONGIX JPMorgan Investor Growth and Income Fund Class A	5.32%	13.92%	11.36%	17.26%	-14.81%	14.68%	16.97%	20.64%	-6.57%	16.70%

Correlation

The correlation between SCHB and ONGIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.97

The correlation between SCHB and ONGIX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

SCHB vs. ONGIX — Risk / Return Rank

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

SCHB

SCHB Risk / Return Rank: 69
SCHB Sharpe Ratio Rank: 70
SCHB Sortino Ratio Rank: 68
SCHB Omega Ratio Rank: 69
SCHB Calmar Ratio Rank: 64
SCHB Martin Ratio Rank: 76

ONGIX

ONGIX Risk / Return Rank: 48
ONGIX Sharpe Ratio Rank: 47
ONGIX Sortino Ratio Rank: 46
ONGIX Omega Ratio Rank: 48
ONGIX Calmar Ratio Rank: 45
ONGIX Martin Ratio Rank: 55

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.

SCHB vs. ONGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and JPMorgan Investor Growth and Income Fund Class A (ONGIX). 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.

	SCHB	ONGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.67	+0.30
Sortino ratio: Return per unit of downside risk	2.66	2.36	+0.30
Omega ratio: Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio: Return relative to maximum drawdown	2.78	2.21	+0.57
Martin ratio: Return relative to average drawdown	12.44	9.37	+3.07

SCHB vs. ONGIX - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 1.96, which is comparable to the ONGIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of SCHB and ONGIX, 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

SCHB vs. ONGIX - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum ONGIX drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for SCHB and ONGIX.

Drawdown Indicators

	SCHB	ONGIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.27%	-41.01%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-6.85%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-11.43%	-7.91%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-20.47%	-4.94%
Max Drawdown (10Y) Largest decline over 10 years	-35.27%	-25.83%	-9.44%
Current Drawdown Current decline from peak	-2.15%	-1.29%	-0.86%
Average Drawdown Average peak-to-trough decline	-4.11%	-5.54%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.61%	+0.38%

Volatility

SCHB vs. ONGIX - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) has a higher volatility of 4.60% compared to JPMorgan Investor Growth and Income Fund Class A (ONGIX) at 3.64%. This indicates that SCHB's price experiences larger fluctuations and is considered to be riskier than ONGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHB	ONGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	3.64%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	7.41%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	9.08%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	11.19%	+6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	11.87%	+6.48%

SCHB vs. ONGIX - Expense Ratio Comparison

SCHB has a 0.03% expense ratio, which is lower than ONGIX's 0.95% expense ratio.

Dividends

SCHB vs. ONGIX - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.03%, less than ONGIX's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONGIX JPMorgan Investor Growth and Income Fund Class A	4.37%	4.56%	4.25%	3.17%	7.44%	4.74%	7.10%	7.23%	8.43%	8.34%	4.42%	5.45%
SCHB Schwab U.S. Broad Market ETF	1.03%	1.11%	1.24%	1.40%	1.61%	1.21%	1.63%	1.80%	2.00%	1.65%	1.86%	2.00%

Frequently Asked Questions

Can I hold both SCHB and ONGIX in my portfolio?

With a correlation of 0.96, SCHB and ONGIX 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.

Which is riskier, SCHB or ONGIX?

SCHB has higher volatility (4.60%) compared to ONGIX (3.64%). In terms of maximum drawdown, SCHB dropped -35.27% vs ONGIX's -41.01%.

Which has better risk-adjusted returns?

SCHB currently has the higher Sharpe Ratio (1.96 vs 1.67), 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.