SCHG vs. XYLG

Last updated Apr 9, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and XYLG (Global X S&P 500 Covered Call & Growth 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 XYLG is a Derivative Income fund tracking the Cboe S&P 500 Half BuyWrite Index. Both are passively managed. Over the past 5 years, SCHG returned 12.49%/yr vs 9.56%/yr for XYLG. Their correlation of 0.88 suggests significant overlap in exposure. SCHG charges 0.04%/yr vs 0.35%/yr for XYLG.

Performance

SCHG vs. XYLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and Global X S&P 500 Covered Call & Growth ETF (XYLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a -6.84% return, which is significantly lower than XYLG's 0.07% return.

SCHG

• 1D: 2.43%
• 1M: -1.66%
• YTD: -6.84%
• 6M: -6.47%
• 1Y: 36.84%
• 3Y*: 23.75%
• 5Y*: 12.49%
• 10Y*: 17.47%

XYLG

• 1D: 2.08%
• 1M: -0.01%
• YTD: 0.07%
• 6M: 3.96%
• 1Y: 31.67%
• 3Y*: 15.16%
• 5Y*: 9.56%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHG vs. XYLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SCHG Schwab U.S. Large-Cap Growth ETF	-6.84%	17.50%	34.95%	50.10%	-31.80%	28.11%	15.90%
XYLG Global X S&P 500 Covered Call & Growth ETF	0.07%	12.93%	22.31%	18.16%	-15.46%	23.81%	12.13%

Correlation

The correlation between SCHG and XYLG is 0.85, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020	0.88

The correlation between SCHG and XYLG has been stable across timeframes, ranging from 0.85 to 0.89 — a consistent structural relationship.

SCHG vs. XYLG - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than XYLG's 0.35% expense ratio.

Return for Risk

SCHG vs. XYLG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHG

SCHG Risk / Return Rank: 48
SCHG Sharpe Ratio Rank: 47
SCHG Sortino Ratio Rank: 53
SCHG Omega Ratio Rank: 52
SCHG Calmar Ratio Rank: 45
SCHG Martin Ratio Rank: 44

XYLG

XYLG Risk / Return Rank: 80
XYLG Sharpe Ratio Rank: 64
XYLG Sortino Ratio Rank: 78
XYLG Omega Ratio Rank: 82
XYLG Calmar Ratio Rank: 83
XYLG Martin Ratio Rank: 91

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.

SCHG vs. XYLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and Global X S&P 500 Covered Call & Growth ETF (XYLG). 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.

	SCHG	XYLG	Difference
Sharpe ratio Return per unit of total volatility	1.78	2.17	-0.39
Sortino ratio Return per unit of downside risk	2.81	3.67	-0.87
Omega ratio Gain probability vs. loss probability	1.37	1.53	-0.16
Calmar ratio Return relative to maximum drawdown	2.13	4.22	-2.08
Martin ratio Return relative to average drawdown	7.30	19.95	-12.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHG vs. XYLG - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.78, which is comparable to the XYLG Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SCHG and XYLG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHG	XYLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.17	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.68	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.89	-0.09

Drawdowns

SCHG vs. XYLG - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than XYLG's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for SCHG and XYLG.

Drawdown Indicators

	SCHG	XYLG	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-21.30%	-13.29%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-6.93%	-9.48%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-21.30%	-13.29%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	—	—
Current Drawdown Current decline from peak	-9.72%	-1.67%	-8.05%
Average Drawdown Average peak-to-trough decline	-5.23%	-4.21%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	1.46%	+3.34%

Volatility

SCHG vs. XYLG - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 6.93% compared to Global X S&P 500 Covered Call & Growth ETF (XYLG) at 4.99%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than XYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	XYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	4.99%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	8.00%	+4.74%
Volatility (1Y) Calculated over the trailing 1-year period	20.95%	14.80%	+6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	14.04%	+8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	13.99%	+7.53%

Dividends

SCHG vs. XYLG - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.41%, less than XYLG's 14.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.41%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
XYLG Global X S&P 500 Covered Call & Growth ETF	14.33%	13.94%	23.65%	4.90%	6.43%	7.40%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%