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SCHK vs. EQL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHK vs. EQL

Last updated Aug 4, 2026
Documentation

SCHK (Schwab 1000 Index ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - SCHK tracks the Schwab 1000 Index while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past 5 years, SCHK returned 12.33%/yr vs 10.87%/yr for EQL. Their correlation of 0.91 means they have usually moved in the same direction. SCHK charges 0.03%/yr vs 0.27%/yr for EQL.

Performance

SCHK vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1000 Index ETF (SCHK) and ALPS Equal Sector Weight ETF (EQL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SCHK having a 11.92% return and EQL slightly lower at 11.79%.

SCHK

1D
1.42%
1M
1.50%
6M
9.74%
YTD
11.92%
1Y
23.09%
3Y*
20.65%
5Y*
12.33%
10Y*
—
ALL TIME*
14.61%

EQL

1D
0.98%
1M
1.30%
6M
7.57%
YTD
11.79%
1Y
19.50%
3Y*
15.68%
5Y*
10.87%
10Y*
12.40%
ALL TIME*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EQL

ALPS Equal Sector Weight ETF
$3.24M$2.89M$2.73M

SCHK

Schwab 1000 Index ETF
$27.70M$27.97M$27.91M

SCHK vs. EQL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHK
Schwab 1000 Index ETF		11.92%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%
EQL
ALPS Equal Sector Weight ETF		11.79%13.09%16.44%16.87%-10.72%29.32%10.87%27.87%-6.12%4.71%

Correlation

The correlation between SCHK and EQL is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2017

0.91

The correlation between SCHK and EQL shifts across timeframes, from 0.74 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

SCHK vs. EQL - Sectors Allocation Comparison

Sectors
SCHK
EQL

Technology

36.7%
10.2%

Financial Services

11.8%
9.1%

Consumer Cyclical

9.6%
9.6%

Industrials

9.5%
9.3%

Communication Services

9.4%
8.9%

Healthcare

9.2%
9.4%

Consumer Defensive

4.5%
8.8%

Energy

3.1%
8.7%

Utilities

2.2%
9.4%

Real Estate

2.2%
8.7%

Basic Materials

1.9%
8.0%

Technology

SCHK
36.7%
EQL
10.2%

Financial Services

SCHK
11.8%
EQL
9.1%

Consumer Cyclical

SCHK
9.6%
EQL
9.6%

Industrials

SCHK
9.5%
EQL
9.3%

Communication Services

SCHK
9.4%
EQL
8.9%

Healthcare

SCHK
9.2%
EQL
9.4%

Consumer Defensive

SCHK
4.5%
EQL
8.8%

Energy

SCHK
3.1%
EQL
8.7%

Utilities

SCHK
2.2%
EQL
9.4%

Real Estate

SCHK
2.2%
EQL
8.7%

Basic Materials

SCHK
1.9%
EQL
8.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab 1000 Index ETF

ALPS Equal Sector Weight ETF

Often compared with SCHK:
SCHK vs. SCHBSCHK vs. SCHXSCHK vs. VOOSCHK vs. SCHGSCHK vs. VTISCHK vs. VONGSCHK vs. SCHD
Often compared with EQL:
EQL vs. RSPEQL vs. VOOEQL vs. SPYEQL vs. ^SPXEWEQL vs. MOODEQL vs. VDCEQL vs. voo

Return for Risk

SCHK vs. EQL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SCHK
SCHK Risk / Return Rank: 7676
Overall Rank
SCHK Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 7474
Sortino Ratio Rank
SCHK Omega Ratio Rank: 7474
Omega Ratio Rank
SCHK Calmar Ratio Rank: 7272
Calmar Ratio Rank
SCHK Martin Ratio Rank: 8282
Martin Ratio Rank
EQL
EQL Risk / Return Rank: 8585
Overall Rank
EQL Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EQL Sortino Ratio Rank: 8585
Sortino Ratio Rank
EQL Omega Ratio Rank: 8585
Omega Ratio Rank
EQL Calmar Ratio Rank: 8383
Calmar Ratio Rank
EQL Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCHK vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index ETF (SCHK) and ALPS Equal Sector Weight ETF (EQL). 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.

SCHKEQLDifference
Sharpe ratioReturn per unit of total volatility
1.77
2.07

-0.30

Sortino ratioReturn per unit of downside risk
2.45
2.89

-0.44

Omega ratioGain probability vs. loss probability

1.32

1.38

-0.06

Calmar ratioReturn relative to maximum drawdown

2.59

3.16

-0.58

Martin ratioReturn relative to average drawdown

11.09

12.39

-1.30

SCHK vs. EQL - Sharpe Ratio Comparison

The current SCHK Sharpe Ratio is 1.77, which is comparable to the EQL Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SCHK and EQL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHK vs. EQL - Drawdown Comparison

The maximum SCHK drawdown since its inception was -34.80%, roughly equal to the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for SCHK and EQL.

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Drawdown Indicators

SCHKEQLDifference

Max Drawdown

Largest peak-to-trough decline

-34.80%

-35.65%

+0.85%

Max Drawdown (1Y)

Largest decline over 1 year

-8.97%

-6.19%

-2.78%

Max Drawdown (3Y)

Largest decline over 3 years

-19.21%

-15.07%

-4.14%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-19.24%

-6.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.65%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.11%

-3.23%

-1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

1.58%

+0.51%

Volatility

SCHK vs. EQL - Volatility Comparison

Schwab 1000 Index ETF (SCHK) has a higher volatility of 3.78% compared to ALPS Equal Sector Weight ETF (EQL) at 2.29%. This indicates that SCHK's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHKEQLDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

2.29%

+1.49%

Volatility (6M)

Calculated over the trailing 6-month period

10.36%

7.09%

+3.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.10%

9.47%

+3.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.36%

14.52%

+2.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.05%

16.49%

+2.56%

SCHK vs. EQL - Expense Ratio Comparison

SCHK has a 0.03% expense ratio, which is lower than EQL's 0.27% 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

SCHK vs. EQL - Dividend Comparison

SCHK's dividend yield for the trailing twelve months is around 1.02%, less than EQL's 1.34% yield.

PositionTTM20252024202320222021202020192018201720162015
EQL
ALPS Equal Sector Weight ETF		1.34%1.73%1.78%1.96%2.14%1.69%2.29%1.95%2.39%1.97%2.89%2.07%
SCHK
Schwab 1000 Index ETF		1.02%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%0.00%0.00%

Frequently Asked Questions

SCHK and EQL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHK has higher volatility (3.78%) compared to EQL (2.29%). In terms of maximum drawdown, SCHK dropped -34.80% vs EQL's -35.65%.

On 5-year performance, SCHK leads with 12.33% vs 10.87% for EQL. On fees, SCHK is cheaper at 0.03% per year. On volatility, EQL has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SCHK has performed better with a 12.33% return vs 10.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHK is cheaper with a 0.03% expense ratio, compared with 0.27% for EQL.

EQL has the higher dividend yield at 1.34%, compared with 1.02% for SCHK.

SCHK tracks Schwab 1000 Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: Charles Schwab and SS&C. Their fees differ too: 0.03% for SCHK and 0.27% for EQL.

EQL currently has the higher Sharpe Ratio (2.07 vs 1.77), 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.

Portfolio Optimizer

Find the right allocation for SCHK and EQL

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