SCHG vs. OEF
SCHG (Schwab U.S. Large-Cap Growth ETF) and OEF (iShares S&P 100 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 OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 10 years, SCHG returned 18.50%/yr vs 16.50%/yr for OEF. Their correlation of 0.95 suggests significant overlap in exposure. SCHG charges 0.04%/yr vs 0.20%/yr for OEF.
Performance
SCHG vs. OEF - Performance Comparison
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Returns By Period
In the year-to-date period, SCHG achieves a 2.58% return, which is significantly lower than OEF's 6.55% return. Over the past 10 years, SCHG has outperformed OEF with an annualized return of 18.50%, while OEF has yielded a comparatively lower 16.50% annualized return.
SCHG
- 1D
- 0.12%
- 1M
- -2.62%
- YTD
- 2.58%
- 6M
- 2.96%
- 1Y
- 18.71%
- 3Y*
- 22.68%
- 5Y*
- 14.33%
- 10Y*
- 18.50%
OEF
- 1D
- 0.24%
- 1M
- -1.73%
- YTD
- 6.55%
- 6M
- 7.16%
- 1Y
- 24.07%
- 3Y*
- 22.62%
- 5Y*
- 14.89%
- 10Y*
- 16.50%
SCHG vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 2.58% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
OEF iShares S&P 100 ETF | 6.55% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -4.16% | 21.82% |
Correlation
The correlation between SCHG and OEF is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009 | 0.95 |
The correlation between SCHG and OEF has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SCHG vs. OEF — Risk / Return Rank
SCHG
OEF
SCHG vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and iShares S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.19 | -1.04 |
| Martin ratioReturn relative to average drawdown | 3.78 | 8.97 | -5.20 |
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Drawdowns
SCHG vs. OEF - Drawdown Comparison
The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum OEF drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for SCHG and OEF.
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Drawdown Indicators
| SCHG | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -54.11% | +19.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -11.06% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -19.80% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | -26.47% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -31.44% | -3.15% |
Current DrawdownCurrent decline from peak | -5.33% | -3.62% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -11.75% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 2.69% | +2.27% |
Volatility
SCHG vs. OEF - Volatility Comparison
Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 5.14% compared to iShares S&P 100 ETF (OEF) at 4.58%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHG | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.58% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 10.24% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 13.20% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 17.76% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 18.48% | +3.10% |
SCHG vs. OEF - Expense Ratio Comparison
SCHG has a 0.04% expense ratio, which is lower than OEF's 0.20% 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%.
Dividends
SCHG vs. OEF - Dividend Comparison
SCHG's dividend yield for the trailing twelve months is around 0.38%, less than OEF's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 0.86% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 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 0.96, SCHG and OEF 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.
SCHG has higher volatility (5.14%) compared to OEF (4.58%). In terms of maximum drawdown, SCHG dropped -34.59% vs OEF's -54.11%.
On 10-year performance, SCHG leads with 18.50% vs 16.50% for OEF. On fees, SCHG is cheaper at 0.04% per year. On volatility, OEF has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHG has performed better with a 18.50% return vs 16.50%. 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 0.20% for OEF.
OEF has the higher dividend yield at 0.86%, compared with 0.38% for SCHG.
SCHG is categorized as Large Cap Growth Equities, while OEF is Large Cap Blend Equities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while OEF tracks S&P 100 Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHG and 0.20% for OEF.
OEF currently has the higher Sharpe Ratio (1.83 vs 1.18), 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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