SCHG vs. IQQQ
SCHG (Schwab U.S. Large-Cap Growth ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, SCHG returned 13.64% vs 26.55% for IQQQ. Their correlation of 0.95 suggests significant overlap in exposure. SCHG charges 0.04%/yr vs 0.55%/yr for IQQQ.
Performance
SCHG vs. IQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SCHG achieves a 0.90% return, which is significantly lower than IQQQ's 12.97% return.
SCHG
- 1D
- 0.67%
- 1M
- -6.40%
- YTD
- 0.90%
- 6M
- -0.53%
- 1Y
- 13.64%
- 3Y*
- 21.89%
- 5Y*
- 13.18%
- 10Y*
- 18.62%
IQQQ
- 1D
- -0.86%
- 1M
- -4.09%
- YTD
- 12.97%
- 6M
- 11.34%
- 1Y
- 26.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHG vs. IQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 0.90% | 17.50% | 21.40% |
IQQQ ProShares Nasdaq-100 High Income ETF | 12.97% | 17.11% | 14.82% |
Correlation
The correlation between SCHG and IQQQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.95 |
The correlation between SCHG and IQQQ has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
SCHG vs. IQQQ — Risk / Return Rank
SCHG
IQQQ
SCHG vs. IQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.
| SCHG | IQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.45 | -1.57 |
| Martin ratioReturn relative to average drawdown | 2.82 | 8.28 | -5.46 |
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Drawdowns
SCHG vs. IQQQ - Drawdown Comparison
The maximum SCHG drawdown since its inception was -34.59%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for SCHG and IQQQ.
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Drawdown Indicators
| SCHG | IQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -20.41% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -11.13% | -5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | — | — |
Current DrawdownCurrent decline from peak | -6.87% | -5.13% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -3.63% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 3.28% | +1.79% |
Volatility
SCHG vs. IQQQ - Volatility Comparison
The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 5.98%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 8.24%. This indicates that SCHG experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHG | IQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 8.24% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 13.60% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 17.03% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 19.05% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.57% | 19.05% | +2.52% |
SCHG vs. IQQQ - Expense Ratio Comparison
SCHG has a 0.04% expense ratio, which is lower than IQQQ's 0.55% expense ratio.
Dividends
SCHG vs. IQQQ - Dividend Comparison
SCHG's dividend yield for the trailing twelve months is around 0.40%, less than IQQQ's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 4.65% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.40% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Frequently Asked Questions
With a correlation of 0.91, SCHG and IQQQ 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.
IQQQ has higher volatility (8.24%) compared to SCHG (5.98%). In terms of maximum drawdown, SCHG dropped -34.59% vs IQQQ's -20.41%.
On 1-year performance, IQQQ leads with 26.55% vs 13.64% for SCHG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IQQQ has performed better with a 26.55% return vs 13.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHG is cheaper with a 0.04% expense ratio, compared with 0.55% for IQQQ.
IQQQ has the higher dividend yield at 4.65%, compared with 0.40% for SCHG.
SCHG is categorized as Large Cap Growth Equities, while IQQQ is Nasdaq-100. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. They also come from different issuers: Charles Schwab and ProShares. Their fees differ too: 0.04% for SCHG and 0.55% for IQQQ.
IQQQ currently has the higher Sharpe Ratio (1.60 vs 0.89), 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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