SCHC vs. SPY
Compare and contrast key facts about Schwab International Small-Cap Equity ETF (SCHC) and SPDR S&P 500 ETF (SPY).
SCHC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHC is a passively managed fund by Charles Schwab that tracks the performance of the FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux). It was launched on Jan 14, 2010. 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 SCHC 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: SCHC or SPY.
Key characteristics
| SCHC | SPY | |
|---|---|---|
| YTD Return | 1.61% | 7.90% |
| 1Y Return | 8.09% | 28.03% |
| 3Y Return (Ann) | -2.18% | 8.75% |
| 5Y Return (Ann) | 3.99% | 13.52% |
| 10Y Return (Ann) | 3.13% | 12.62% |
| Sharpe Ratio | 0.56 | 2.33 |
| Daily Std Dev | 14.42% | 11.63% |
| Max Drawdown | -43.94% | -55.19% |
| Current Drawdown | -13.44% | -2.27% |
Correlation
The correlation between SCHC and SPY is 0.80, 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
SCHC vs. SPY - Performance Comparison
In the year-to-date period, SCHC achieves a 1.61% return, which is significantly lower than SPY's 7.90% return. Over the past 10 years, SCHC has underperformed SPY with an annualized return of 3.13%, while SPY has yielded a comparatively higher 12.62% annualized return. 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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SCHC vs. SPY - Expense Ratio Comparison
SCHC has a 0.11% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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
SCHC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Small-Cap Equity ETF (SCHC) 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
SCHC vs. SPY - Dividend Comparison
SCHC's dividend yield for the trailing twelve months is around 2.89%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHC Schwab International Small-Cap Equity ETF | 2.89% | 2.94% | 1.78% | 3.02% | 1.62% | 3.23% | 2.51% | 2.73% | 2.01% | 2.34% | 2.59% | 2.81% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SCHC vs. SPY - Drawdown Comparison
The maximum SCHC drawdown since its inception was -43.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCHC and SPY. For additional features, visit the drawdowns tool.
Volatility
SCHC vs. SPY - Volatility Comparison
Schwab International Small-Cap Equity ETF (SCHC) has a higher volatility of 4.48% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that SCHC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.