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SCHB vs. SCHX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHB vs. SCHX

Last updated Jun 9, 2026

SCHB (Schwab U.S. Broad Market ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds from Charles Schwab - SCHB tracks the Dow Jones U.S. Broad Stock Market Index while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, SCHB returned 14.83%/yr vs 15.20%/yr for SCHX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

SCHB vs. SCHX - Performance Comparison

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

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Returns By Period

In the year-to-date period, SCHB achieves a 9.14% return, which is significantly higher than SCHX's 8.56% return. Both investments have delivered pretty close results over the past 10 years, with SCHB having a 14.83% annualized return and SCHX not far ahead at 15.20%.

SCHB

1D
0.35%
1M
0.46%
YTD
9.14%
6M
9.03%
1Y
24.95%
3Y*
21.09%
5Y*
12.31%
10Y*
14.83%

SCHX

1D
0.28%
1M
0.45%
YTD
8.56%
6M
8.52%
1Y
24.19%
3Y*
21.40%
5Y*
12.87%
10Y*
15.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHB vs. SCHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHB
Schwab U.S. Broad Market ETF		9.14%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%
SCHX
Schwab U.S. Large-Cap ETF		8.56%17.46%24.88%26.84%-19.41%26.81%20.81%31.22%-4.66%21.95%

Correlation

The correlation between SCHB and SCHX is 0.99 - 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

0.99

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

0.99

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

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2009

0.99

The correlation between SCHB and SCHX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

SCHB vs. SCHX - Sectors Allocation Comparison

Sectors
SCHB
SCHX

Technology

34.4%
38.3%

Financial Services

12.2%
9.9%

Consumer Cyclical

10.1%
9.7%

Communication Services

10.1%
10.1%

Industrials

9.4%
8.4%

Healthcare

8.9%
8.4%

Consumer Defensive

4.6%
4.4%

Energy

3.7%
3.2%

Real Estate

2.4%
2.0%

Utilities

2.3%
2.5%

Basic Materials

2.0%
1.8%

Technology

SCHB
34.4%
SCHX
38.3%

Financial Services

SCHB
12.2%
SCHX
9.9%

Consumer Cyclical

SCHB
10.1%
SCHX
9.7%

Communication Services

SCHB
10.1%
SCHX
10.1%

Industrials

SCHB
9.4%
SCHX
8.4%

Healthcare

SCHB
8.9%
SCHX
8.4%

Consumer Defensive

SCHB
4.6%
SCHX
4.4%

Energy

SCHB
3.7%
SCHX
3.2%

Real Estate

SCHB
2.4%
SCHX
2.0%

Utilities

SCHB
2.3%
SCHX
2.5%

Basic Materials

SCHB
2.0%
SCHX
1.8%

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 U.S. Large-Cap ETF

Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPYSCHB vs. ITOT
Often compared with SCHX:
SCHX vs. VOOSCHX vs. SWPPXSCHX vs. SCHGSCHX vs. SCHDSCHX vs. SPYSCHX vs. FNDXSCHX vs. VTI

Return for Risk

SCHB vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHB
SCHB Risk / Return Rank: 6868
Overall Rank
SCHB Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6666
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6868
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6262
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7575
Martin Ratio Rank
SCHX
SCHX Risk / Return Rank: 6666
Overall Rank
SCHX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SCHX Sortino Ratio Rank: 6464
Sortino Ratio Rank
SCHX Omega Ratio Rank: 6767
Omega Ratio Rank
SCHX Calmar Ratio Rank: 6060
Calmar Ratio Rank
SCHX Martin Ratio Rank: 7272
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. SCHX - Risk-Adjusted Trends Comparison

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

SCHBSCHXDifference
Sharpe ratioReturn per unit of total volatility
2.02
1.98

+0.04

Sortino ratioReturn per unit of downside risk
2.73
2.68

+0.05

Omega ratioGain probability vs. loss probability

1.37

1.36

+0.01

Calmar ratioReturn relative to maximum drawdown

2.81

2.69

+0.12

Martin ratioReturn relative to average drawdown

12.80

12.15

+0.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHB vs. SCHX - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 2.02, which is comparable to the SCHX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SCHB and SCHX, 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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Sharpe Ratios by Period

SCHBSCHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

1.98

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.75

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.84

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.84

-0.02

Drawdowns

SCHB vs. SCHX - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, roughly equal to the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SCHB and SCHX.

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Drawdown Indicators

SCHBSCHXDifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-34.33%

-0.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-9.02%

+0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-19.04%

-0.30%

Max Drawdown (5Y)

Largest decline over 5 years

-25.41%

-25.41%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

-34.33%

-0.94%

Current Drawdown

Current decline from peak

-2.63%

-2.64%

+0.01%

Average Drawdown

Average peak-to-trough decline

-4.11%

-3.97%

-0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

2.00%

-0.05%

Volatility

SCHB vs. SCHX - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 3.93% and 3.84%, 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

SCHBSCHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

3.84%

+0.09%

Volatility (6M)

Calculated over the trailing 6-month period

9.57%

9.44%

+0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.41%

12.27%

+0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.28%

17.16%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.34%

18.17%

+0.17%

SCHB vs. SCHX - Expense Ratio Comparison

Both SCHB and SCHX 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. SCHX - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.04%, which matches SCHX's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHB
Schwab U.S. Broad Market ETF		1.04%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%
SCHX
Schwab U.S. Large-Cap ETF		1.03%1.09%1.22%1.39%1.64%1.22%1.64%1.82%2.02%1.70%1.92%2.04%

Frequently Asked Questions

With a correlation of 0.99, SCHB and SCHX 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 (3.93%) compared to SCHX (3.84%). In terms of maximum drawdown, SCHB dropped -35.27% vs SCHX's -34.33%.

On 10-year performance, SCHX leads with 15.20% vs 14.83% 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 10-year period, SCHX has performed better with a 15.20% return vs 14.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

SCHB and SCHX have nearly identical dividend yields, around 1.04%.

SCHB tracks Dow Jones U.S. Broad Stock Market Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index.

SCHB currently has the higher Sharpe Ratio (2.02 vs 1.98), 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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