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SCHB vs. SCHK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHB vs. SCHK

Last updated Jun 26, 2026

SCHB (Schwab U.S. Broad Market ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds from Charles Schwab - SCHB tracks the Dow Jones U.S. Broad Stock Market Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, SCHB returned 11.90%/yr vs 12.22%/yr for SCHK. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

SCHB vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Broad Market ETF (SCHB) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SCHB having a 8.93% return and SCHK slightly lower at 8.52%.

SCHB

1D
0.07%
1M
-1.50%
YTD
8.93%
6M
7.50%
1Y
22.90%
3Y*
20.79%
5Y*
11.90%
10Y*
15.36%

SCHK

1D
0.06%
1M
-1.68%
YTD
8.52%
6M
7.14%
1Y
22.28%
3Y*
20.89%
5Y*
12.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHB vs. SCHK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHB
Schwab U.S. Broad Market ETF		8.93%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%5.11%
SCHK
Schwab 1000 Index ETF		8.52%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%

Correlation

The correlation between SCHB and SCHK is 1.00 - 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

1.00

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

1.00

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

1.00

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

1.00

The correlation between SCHB and SCHK has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

SCHB vs. SCHK - Sectors Allocation Comparison

Sectors
SCHB
SCHK

Technology

37.3%
38.0%

Financial Services

11.4%
11.2%

Communication Services

9.8%
10.1%

Consumer Cyclical

9.8%
9.8%

Industrials

9.1%
8.9%

Healthcare

8.8%
8.4%

Consumer Defensive

4.3%
4.3%

Energy

3.3%
3.2%

Real Estate

2.3%
2.0%

Utilities

2.1%
2.1%

Basic Materials

1.9%
1.9%

Technology

SCHB
37.3%
SCHK
38.0%

Financial Services

SCHB
11.4%
SCHK
11.2%

Communication Services

SCHB
9.8%
SCHK
10.1%

Consumer Cyclical

SCHB
9.8%
SCHK
9.8%

Industrials

SCHB
9.1%
SCHK
8.9%

Healthcare

SCHB
8.8%
SCHK
8.4%

Consumer Defensive

SCHB
4.3%
SCHK
4.3%

Energy

SCHB
3.3%
SCHK
3.2%

Real Estate

SCHB
2.3%
SCHK
2.0%

Utilities

SCHB
2.1%
SCHK
2.1%

Basic Materials

SCHB
1.9%
SCHK
1.9%

Compare stocks, funds, or ETFs

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

Schwab U.S. Broad Market ETF

Schwab 1000 Index ETF

Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY
Often compared with SCHK:
SCHK vs. VOOSCHK vs. SCHXSCHK vs. SCHGSCHK vs. VONGSCHK vs. VTISCHK vs. SCHDSCHK vs. FNDX

Return for Risk

SCHB vs. SCHK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHB
SCHB Risk / Return Rank: 6464
Overall Rank
SCHB Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6161
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6262
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6161
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7171
Martin Ratio Rank
SCHK
SCHK Risk / Return Rank: 6161
Overall Rank
SCHK Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 5959
Sortino Ratio Rank
SCHK Omega Ratio Rank: 6060
Omega Ratio Rank
SCHK Calmar Ratio Rank: 5959
Calmar Ratio Rank
SCHK Martin Ratio Rank: 6969
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.

SCHB vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) 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.

SCHBSCHKDifference
Sharpe ratioReturn per unit of total volatility
1.80
1.75

+0.05

Sortino ratioReturn per unit of downside risk
2.46
2.40

+0.06

Omega ratioGain probability vs. loss probability

1.33

1.32

+0.01

Calmar ratioReturn relative to maximum drawdown

2.58

2.50

+0.08

Martin ratioReturn relative to average drawdown

11.35

11.02

+0.33

SCHB vs. SCHK - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 1.80, which is comparable to the SCHK Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of SCHB 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

SCHB vs. SCHK - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, roughly equal to the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for SCHB and SCHK.

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Drawdown Indicators

SCHBSCHKDifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-34.80%

-0.47%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-8.97%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-19.21%

-0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-25.41%

-25.44%

+0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

—

—

Current Drawdown

Current decline from peak

-2.81%

-3.00%

+0.19%

Average Drawdown

Average peak-to-trough decline

-4.11%

-5.16%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

2.03%

-0.01%

Volatility

SCHB vs. SCHK - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) and Schwab 1000 Index ETF (SCHK) have volatilities of 4.92% and 4.87%, 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.

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Volatility by Period

SCHBSCHKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

4.87%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.04%

10.04%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

12.76%

12.77%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.35%

17.33%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.33%

19.11%

-0.78%

SCHB vs. SCHK - Expense Ratio Comparison

Both SCHB and SCHK have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SCHB vs. SCHK - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.06%, which matches SCHK's 1.05% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHB
Schwab U.S. Broad Market ETF		1.06%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%
SCHK
Schwab 1000 Index ETF		1.05%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%0.00%0.00%

Frequently Asked Questions

With a correlation of 1.00, SCHB 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.

SCHB has higher volatility (4.92%) compared to SCHK (4.87%). In terms of maximum drawdown, SCHB dropped -35.27% vs SCHK's -34.80%.

On 5-year performance, SCHK leads with 12.22% vs 11.90% for SCHB. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. 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 12.22% return vs 11.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHB and SCHK have the same expense ratio: 0.03% per year.

SCHB and SCHK have nearly identical dividend yields, around 1.06%.

SCHB tracks Dow Jones U.S. Broad Stock Market Index, while SCHK tracks Schwab 1000 Index.

SCHB currently has the higher Sharpe Ratio (1.80 vs 1.75), 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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