SCHB vs. SPY
Compare and contrast key facts about Schwab U.S. Broad Market ETF (SCHB) and SPDR S&P 500 ETF (SPY).
SCHB and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SCHB and SPY 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 SPY.
Correlation
The correlation between SCHB and SPY is 0.99, 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. SPY - Performance Comparison
Key characteristics
SCHB:
0.70
SPY:
0.72
SCHB:
1.09
SPY:
1.13
SCHB:
1.16
SPY:
1.17
SCHB:
0.70
SPY:
0.76
SCHB:
2.72
SPY:
3.04
SCHB:
4.97%
SPY:
4.72%
SCHB:
19.42%
SPY:
20.06%
SCHB:
-35.27%
SPY:
-55.19%
SCHB:
-7.86%
SPY:
-7.25%
Returns By Period
In the year-to-date period, SCHB achieves a -3.60% return, which is significantly lower than SPY's -3.01% return. Both investments have delivered pretty close results over the past 10 years, with SCHB having a 11.87% annualized return and SPY not far ahead at 12.46%.
SCHB
-3.60%
12.07%
-0.67%
11.36%
15.96%
11.87%
SPY
-3.01%
12.17%
-0.12%
12.26%
16.40%
12.46%
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SCHB vs. SPY - Expense Ratio Comparison
SCHB has a 0.03% expense ratio, which is lower than SPY's 0.09% 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. SPY — Risk-Adjusted Performance Rank
SCHB
SPY
SCHB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.30%, more than SPY's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 1.30% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.13% | 1.65% | 1.86% | 2.00% | 1.72% |
SPY SPDR S&P 500 ETF | 1.26% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SCHB vs. SPY - Drawdown Comparison
The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCHB and SPY. For additional features, visit the drawdowns tool.
Volatility
SCHB vs. SPY - Volatility Comparison
The current volatility for Schwab U.S. Broad Market ETF (SCHB) is 13.97%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that SCHB experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.