SCHB vs. SCHK
Compare and contrast key facts about Schwab U.S. Broad Market ETF (SCHB) and Schwab 1000 Index ETF (SCHK).
SCHB and SCHK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHB is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Broad Stock Market Total Return Index. It was launched on Nov 3, 2009. SCHK is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Oct 11, 2017. Both SCHB and SCHK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHB or SCHK.
Key characteristics
| SCHB | SCHK | |
|---|---|---|
| YTD Return | 10.87% | 11.28% |
| 1Y Return | 29.24% | 29.68% |
| 3Y Return (Ann) | 8.53% | 9.09% |
| 5Y Return (Ann) | 14.24% | 14.52% |
| Sharpe Ratio | 2.59 | 2.64 |
| Daily Std Dev | 11.91% | 11.87% |
| Max Drawdown | -35.27% | -34.80% |
| Current Drawdown | -0.19% | -0.23% |
Correlation
The correlation between SCHB and SCHK is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHB vs. SCHK - Performance Comparison
The year-to-date returns for both investments are quite close, with SCHB having a 10.87% return and SCHK slightly higher at 11.28%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHB vs. SCHK - Expense Ratio Comparison
SCHB has a 0.03% expense ratio, which is lower than SCHK's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SCHB vs. SCHK - Risk-Adjusted Performance 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.
Dividends
SCHB vs. SCHK - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.28%, more than SCHK's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 1.28% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.13% | 1.65% | 2.31% | 2.00% | 1.72% | 1.63% |
SCHK Schwab 1000 Index ETF | 1.26% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.82% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
SCHB vs. SCHK - Volatility Comparison
Schwab U.S. Broad Market ETF (SCHB) and Schwab 1000 Index ETF (SCHK) have volatilities of 3.42% and 3.46%, 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.