SCHK vs. AFOS

Last updated Jun 25, 2026

SCHK (Schwab 1000 Index ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Their correlation of 0.85 suggests significant overlap in exposure. SCHK charges 0.03%/yr vs 0.45%/yr for AFOS.

Performance

SCHK vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1000 Index ETF (SCHK) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHK achieves a 8.17% return, which is significantly lower than AFOS's 30.38% return.

SCHK

• 1D: -0.34%
• 1M: -1.28%
• YTD: 8.17%
• 6M: 6.80%
• 1Y: 21.87%
• 3Y*: 20.60%
• 5Y*: 12.15%
• 10Y*: —

AFOS

• 1D: -0.92%
• 1M: 3.47%
• YTD: 30.38%
• 6M: 28.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHK vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
SCHK Schwab 1000 Index ETF	8.17%	12.68%
AFOS ARS Focused Opportunities Strategy ETF	30.38%	37.10%

Correlation

The correlation between SCHK and AFOS 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 (All Time) Calculated using the full available price history since Jun 26, 2025	0.85

Return for Risk

SCHK vs. AFOS — Risk / Return Rank

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

SCHK

SCHK Risk / Return Rank: 58
SCHK Sharpe Ratio Rank: 56
SCHK Sortino Ratio Rank: 54
SCHK Omega Ratio Rank: 55
SCHK Calmar Ratio Rank: 56
SCHK Martin Ratio Rank: 66

AFOS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SCHK vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index ETF (SCHK) and ARS Focused Opportunities Strategy ETF (AFOS). 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.

	SCHK	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.72	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.45	—	—
Martin ratio: Return relative to average drawdown	10.86	—	—

Drawdowns

SCHK vs. AFOS - Drawdown Comparison

The maximum SCHK drawdown since its inception was -34.80%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for SCHK and AFOS.

Drawdown Indicators

	SCHK	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-11.52%	-23.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	—	—
Current Drawdown Current decline from peak	-3.31%	-4.68%	+1.37%
Average Drawdown Average peak-to-trough decline	-5.16%	-1.43%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	SCHK	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.82%	21.51%	-8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	21.51%	-4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	21.51%	-2.39%

SCHK vs. AFOS - Expense Ratio Comparison

SCHK has a 0.03% expense ratio, which is lower than AFOS's 0.45% expense ratio.

Dividends

SCHK vs. AFOS - Dividend Comparison

SCHK's dividend yield for the trailing twelve months is around 1.03%, more than AFOS's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHK Schwab 1000 Index ETF	1.03%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both SCHK and AFOS in my portfolio?

SCHK and AFOS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCHK or AFOS?

On fees, SCHK is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCHK or AFOS?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.45% for AFOS.

Which ETF pays a higher dividend yield, SCHK or AFOS?

SCHK has the higher dividend yield at 1.03%, compared with 0.23% for AFOS.

What is the main difference between SCHK and AFOS?

They also come from different issuers: Charles Schwab and ARS Investment Partners. Their fees differ too: 0.03% for SCHK and 0.45% for AFOS.